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-   -   Bank of englands promisery notes (https://www.accringtonweb.com/forum/f69/bank-of-englands-promisery-notes-61311.html)

kestrelx 26-04-2012 23:40
Re: Bank of englands promisery notes
 
Quote:
Originally Posted by AccyChris (Post 987019)
a long time ago folk put gold in the bank and started using Pnotes because they tought they were "as good as gold" but there was a raise in inflation untill Pnotes were worth less than the paper there wrote on so they had to work harder to earn less.... and the best bit of the story is the bank started printing more Pnotes than it had gold and loaned it out (with a tidy profit of course) ..... moral of the story being if everyone did want to exchange there Pnotes the bank could'nt exchange them for anything more than Pnuts ;)
That was the gold standard when notes were matched to gold value in the bank - now non-existent and the banks just create money numbers on computers! :D

Are you a member of the LETS Scheme?


LETS Link UK: Homepage:alright:

AccyChris 27-04-2012 05:04
Re: Bank of englands promisery notes
 
Quote:
Originally Posted by kestrelx (Post 987793)
That was the gold standard when notes were matched to gold value in the bank - now non-existent and the banks just create money numbers on computers! :D

Are you a member of the LETS Scheme?


LETS Link UK: Homepage:alright:
no im not a member yet....might have to have a good look through after it looks like a intresting site....nice1

kestrelx 30-04-2012 00:56
Re: Bank of englands promisery notes
 
From bankers to politicians, we look at who controls our money. - The people who control your money - Money features | MSN Money UK

Who controls your money!

AccyChris 01-05-2012 20:29
Re: Bank of englands promisery notes
 
Who controls your promisery notes
bankruptcy ;)

AccyChris 01-05-2012 20:35
Re: Bank of englands promisery notes
 
Quote:
Originally Posted by AccyChris (Post 987019)
a long time ago folk put gold in the bank and started using Pnotes because they tought they were "as good as gold" but there was a raise in inflation untill Pnotes were worth less than the paper there wrote on so they had to work harder to earn less.... and the best bit of the story is the bank started printing more Pnotes than it had gold and loaned it out (with a tidy profit of course) ..... moral of the story being if everyone did want to exchange there Pnotes the bank could'nt exchange them for anything more than Pnuts ;)
WE ARE THE GOLD :eek::eek::eek:

Restless 02-05-2012 15:11
Re: Bank of englands promisery notes
 
accychris do u work at express gifts

AccyChris 02-05-2012 15:28
Re: Bank of englands promisery notes
 
Quote:
Originally Posted by Restless (Post 988848)
accychris do u work at express gifts
NO lol :)

Restless 02-05-2012 15:43
Re: Bank of englands promisery notes
 
perhaps it was a brother or relative then. ha. This subject and what you have said about it-- this guy was practically saying all the same things. He comes across as a david icke believer

Quote:
Originally Posted by AccyChris (Post 988853)
NO lol :)

AccyChris 02-05-2012 15:53
Re: Bank of englands promisery notes
 
Quote:
Originally Posted by Restless (Post 988860)
perhaps it was a brother or relative then. ha. This subject and what you have said about it-- this guy was practically saying all the same things. He comes across as a david icke believer

no relative of mine mate.... just a ramdomer waking up ;)

AccyChris 03-05-2012 20:17
Re: Bank of englands promisery notes
 
MY CONCLUSION:

Money is created when you sign a piece of paper agreeing to pay(could be toilet roll)

that's the only way money is -ever- created. ;)

Your 'promise to pay' creates money. Yours, and everyone else's

banknotes are Promissory Notes(spelt correct unlike the title) - just like a cheque or Loan Agreement or any other IOU :)

Restless 03-05-2012 22:13
Re: Bank of englands promisery notes
 
you are just as much as a part of society as any of us... so do you win in this argument. or do you each and every day "live off the land"

AccyChris 03-05-2012 22:25
Re: Bank of englands promisery notes
 
Quote:
Originally Posted by Restless (Post 989303)
you are just as much as a part of society as any of us... so do you win in this argument. or do you each and every day "live off the land"
"you are just as much as a part of society as any of us"

not as much a part as any of you surely not....after i went out my way to distance myself too lol ;)

we all choose our own level of freedom :)

Restless 03-05-2012 22:54
Re: Bank of englands promisery notes
 
LOL you are just as much as slave as any of us. how far are you willing to "fi8t the sistem"

Quote:
Originally Posted by AccyChris (Post 989310)
"you are just as much as a part of society as any of us"

not as much a part as any of you surely not....after i went out my way to distance myself too lol ;)

we all choose our own level of freedom :)

AccyChris 04-05-2012 19:24
Re: Bank of englands promisery notes
 
Quote:
Originally Posted by Restless (Post 989326)
LOL you are just as much as slave as any of us. how far are you willing to "fi8t the sistem"
Since there willing to go 'the whole 9 yards' I'm preparing myself to go 9.5 ;)


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