But again I ask, Debt to who?
Is it the aliens or the dolphins?
I can sort of understand the local situation, but if it is all just pieces of paper, what props it up?
If currency was backed up by gold or something, it might make sense, but then I wonder why is gold valuable?
Is the debt just an imaginary vacuum that the government needs to fill?
Might go back to George's shark encounters now
Locally a lot is owned by super funds.
It's backed by the governments credit rating. Gov don't usually default on debt.
Previously there used to a gold standard and it was backed by stores of gold. This no longer exists.
These signs went up at all the beaches here 2 days ago . Police are cruising regular surf spots checking regos and sending home those that aren't in the local council or have a home address more then 5 kms away .
Signs like this are appearing at many beaches. What is local?
Local council area? Regulars to a particular beach? Where is the line that determines local.
'If I can walk there am I local? Some surfers used to be able to walk to beach but bad knees and other age related ailments mean it's a going to be a better surf if I drive. '. Then...if I'm 6 km not 5 do I miss out?
If I've surfed a spot since mid 70's when it was a goat track in but the area has been developed into mega estate with car park and picnic facilities are the people in the McMansions now more local than me?
??/?
Job for the day - final polish on this little board - amazing how much better a job you can do when you have nothing else to do