Does Money Really Exist?

Not really! It's it's mostly imagination.

You see, apart from the cash in your pocket it's almost all fake. What do I mean?

Well, broadly speaking, for every £ or $ you have in your bank account, someone, somewhere, has an overdraft. Normally everyone is happy, but if you spend your money and that someone wants to pay-off their overdraft, then via the magic of banking, when you spend your money his overdraft declines as he pays money in. Fine, so everyone can still be happy, but what if the bank decides to reduce its overdraft book, then when you spend, someone gets their overdraft reduced or cancelled. And, that makes them unhappy.

You see, money only works if we all believe in it, and that includes the banks. And, right now there are a lot of unhappy people around.