A number of years ago, more than I care to remember, I was a Boy Scout sitting at a campfire in Gilwell Park. We would put our sausages in the glowing embers and wait for them to cook. (Kosher sausages, it was a Jewish scout troop.)
Gilwell Park is a camp site and activity centre in Epping Forest not far from Chingford, London. The large site, owned by The Scout Association, is used by Scouts and Guides.
One of my favourite campfire songs was “Who stole the admiral’s hat”.
It was him, sir. (pointing to one of the group)
No, not me, sir.
Who then, sir?
It was him, sir. (pointing to another of the group)
And so it went on until it was time to retreat to our tents.
I was, of course, reminded of this song when watching reports of Britain’s Prime Minister, Liz Truss, sacking the chancellor Kwasi Kwarteng. The British economy is in a dreadful state, and someone had to be held responsible. So sorry, Mr. Kwarteng, it’s you, sir.
It is not clear how and when, even if the economy will recover. The pound Sterling has lost its place as the world’s leading currency, far from its lofty heights when I left for Israel in 1970. If you are to tuck something away for that proverbial rainy day, the Renminbi would be a good bet.
The Renminbi, “People’s currency” in Mandarin, is the official currency of the People’s Republic of China. Today, together with the US dollar, euro, and the yen, it is one of the most-used currencies.
As any good blog writer should, I will now tell you which currency you should buy. The best place for your hard-earned cash is …..
“Tea time. It’s on the table.”