Originally Posted by
Organ Morgan.
Ten quid today is the equivalent of 80p in 1972. Put another way, the pound has lost over 90% of its purchasing power during that 46-year span. Sure, it's been offset to a large degree with increases in pay and welfare payments. But when everything goes tits up, after the first black swan domino topples over all the rest, and hyperinflation causes it to lose 99.9% of its purchasing and people's life savings denominated in pounds - even if it's in the millions - following a relatively short period won't be enough to buy a stale sausage roll, then we'll see panic in the streets. Those who survive wholly or substantially on the government teat will suffer the most.