Bank of englands promisery notes - Page 2

kestrelx · 26-04-2012, 23:40

Quote:

Originally Posted by AccyChris

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!

Are you a member of the LETS Scheme?

LETS Link UK: Homepage

AccyChris · 27-04-2012, 05:04

Quote:

Originally Posted by kestrelx

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!

Are you a member of the LETS Scheme?

LETS Link UK: Homepage

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

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

Quote:

Originally Posted by kestrelx

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!

Who controls your promisery notes
bankruptcy

AccyChris · 01-05-2012, 20:35

Quote:

Originally Posted by AccyChris

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

Restless · 02-05-2012, 15:11

accychris do u work at express gifts

AccyChris · 02-05-2012, 15:28

Quote:

Originally Posted by Restless

accychris do u work at express gifts

NO lol

Restless · 02-05-2012, 15:43

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

NO lol

AccyChris · 02-05-2012, 15:53

Quote:

Originally Posted by Restless

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

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

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

Quote:

Originally Posted by Restless

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

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

"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

Quote:

Originally Posted by Restless

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