This would be like giving a charity voucher for a cut and blow dry worth £39.50 to my local charity to auction. Someone picking it up for £5 and then coming into my salon and asking for a cash refund for the voucher at face value of £39.50.
I would rather just give the £39.50 to the charity. The idea of me giving the voucher is so that I get the opportunity to impress a potentially new client, and keep them as a regular customer. It also means that I hope my reputation as a Hairdresser goes before me, and the perceived value of the voucher is worth the £39.50 I would normally get for the service would go to the charity.
This short selling looks like it's too easy to scam, and someone sell the voucher for a bit of cash or simply give it away before it gets to the charity raffle or auction, then the 'friend' and the inside charity worker gets to split the £39.50 refund I give in good faith as the face value of the voucher.
This is why you have to put on vouchers that they are not redeemable for cash or products, and that they are specifically for the service offered. I also have to bear the cost of product as a loss to my business, so I am willing to 'give' an hour of my time and resources, but not a further cash alternative.
It was obvious to our forbears that all these sorts of 'short selling' were bad for the 'real' economy. I wonder why this is allowed to continue. Is it that it makes the banks look as though they have 'real' money?
If this concept of 'short selling' is allowed in financial institutions and banks, no wonder we are all up the creek with a Tsunami up our rear end and no high ground to find. It was banned until quite recently, It was evident that it was dangerous and made economies unstable.
Why should any of us 'slaves' go out to work, if all that is happening is our genuine efforts in small local economies are swallowed by a voracious system that sucks real money out of the local economy and replaces it with ever increasing debts. The whole system sucks.
To think that all that Tax money is just propping up this system makes me sick. It needs to be invested in education, training, building, and cleaning up the planet.
Can you believe I have been waiting for a pin number for an account in a small credit at Nat West since August the 19th. It arrived this morning, and I took all gentle precautions to reveal the number, and the last digit isn't even printed completely on the background. This means I need to order another one!
I will still have to go into the bank to draw cash and do transactions for another month. Talk about making sure savers can't spend their money. If I was putting my expenditure on a credit card, no one would have a problem, because I would have to pay card charges to use it.
I mentioned to someone the other day, that we may as well be the Israelites crossing the Red Sea with the Egyptions on our tail. I am reading a Jewish commentary on Exodus by a very accomplished young woman, and I never realised that God didn't part the waters for the people until they were in over their heads. They had to commit to going in the deep end, and the possibility of drowning, before God did the miracle.
I still think the Egyptians got a bad deal, they were a very systematised nation even then. In many ways this is a similar parallel in terms of the concepts of genuine freedoms, rather than the sense of overburdened slavery caused by political and finacial structure, underpinned by Usuary.
Perhaps we should all just have the faith that us 'slaves' will continue to use money at it's current value between us. If all Governments cancel the underlying debts of society and money owed to banks, and each other, and ease our tax burdens. this would re-float the economy organically from bottom up.
The money traded on the stock exchange is actually worthless IOU's anyway. Why don't these people start investing in real projects that have intrinsic value, so that they can see the difference their money makes to the world. With a non tradable building bond, or energy infrastructure/eco bond that actually matures, or simply pays a dividend this seems a much more stable investment.
Making lots of money at the expense of decimating industry and commerce is not a very good idea. This just means an elite few live in ridiculous luxury off a scammy loophole.
How much money does anyone need? The only people that deserve to get rich, are people who create jobs, training and infrastructure. They are rich in spirit as well as able to live 'In the Big House'. Don't forget the strains, and difficult decisions a business person makes. It is not easy. Besides, you even have to employ people to look after a big house, (or hotel) and they usually get to live in.
Allow people to live on the money they earn, have 'feel good' money, and let the economies of the world flourish again, and do good things this time. I have a feeling that if the world doesn't want to do this by choice, we are going to see more catastrophies that simply make it happen.
I think forgiving debt would be on the understanding that no more weapons, and investment be made into the business of war. And no hiding budgets. Just make it all transparent. What have we got to lose.. .. .. Everything if we dont.