Imagine if thousands of people did this.
I went into the Bank of England the day before the G20 meeting in 2009 and went to the till and asked them to fulfill their promise. The majority of people don’t even bother to look at whats on the notes that control them (If you want to know whether you are controlled by money, ask yourself a simple question – would you spend the majority of your day doing what you do if you didn’t need the money and weren’t paid for it ?) So do you know what is written ? It says ‘I promise to pay the bearer on demand the sum of twenty pounds’ This is a complete joke. It is a totally empty promise which is basically taking the rip out of all of us by telling us in no uncertain terms that this is simply a coloured piece of worthless paper. So I went into the bank and said ‘I am the bearer and I demand that you keep your promise to pay me the sum of twenty pounds ! They looked at me as if I was mad and said ‘but that IS twenty pounds.’ I said ‘No it isn’t – it’s a piece of purple paper with a promise on it ! Now pay up ! They said ‘Well how do you want us to pay it ? In what ?’ I said ‘Well you made the promise – tell me what you are offering ?’ They suggested four 5 pound notes ! I said that would just mean my returning 4 times with the same demand ! I said ‘I know – it is after all 20 pounds STERLING ! I’ll take it in silver ! They said ‘Sure – we can give you it in 50p coins ! I replied ‘No no no ! Unless these coins are made of sterling silver.’ At this stage there was a little gathering behind the tills after which they then demanded that I fill in a form with my name and address on ! But I am only changing a £20 note – what’s all this about ?’Money laundering ‘ they said. You don’t need MY name and address – just get the banksters at the top – they are laundering money big time ! At this stage I had to go home and look after the kids. Next time, I will demand to see the manager and perhaps take a policeman with me and report this as a blatant fraud ? Lawyers in the house ? Over to you !
From the Bank of England site:
ReplyDeleteWhat is the Bank’s “Promise to Pay”?
The words "I promise to pay the bearer on demand the sum of five [ten/twenty/fifty] pounds" date from long ago when our notes represented deposits of gold. At that time, a member of the public could exchange one of our banknotes for gold to the same value. For example, a £5 note could be exchanged for five gold coins, called sovereigns. But the value of the pound has not been linked to gold for many years, so the meaning of the promise to pay has changed. Exchange into gold is no longer possible and Bank of England notes can only be exchanged for other Bank of England notes of the same face value. Public trust in the pound is now maintained by the operation of monetary policy, the objective of which is price stability.
So, it's all about 'public trust'. Trust in a shared idea of the Pound that sustains its reality as a unit of exchange.
DaveW
i am aware of the lack of link to gold. that makes the promise nonsense and false.
ReplyDelete"They suggested four 5 pound notes"
ReplyDelete- that's true genius - LOL
Danny
ReplyDeleteI think that you will find that on english notes it says the sum in pounds no mention of sterling, unlike Scottish notes which still say pounds sterling .Your question should be 20 pounds of what or try the bank with scottish money.
Cheers
Alan
dont bother with the scottish notes either Danny ,I went into my local bank of scotland and got the same confused answers as you did.
ReplyDeleteI left one teller sitting confusedly chewing her lip .
and no,I did not get any sterling .the teller stated that the notes are the sterling...back to the beginning ,no the notes are promissary............circles.
That made me laugh. I'm glad your still doing your thing, though I miss your wonderful videos.
ReplyDeleteYou are pure genius - I miss this type of thinking, it is pure genius. I'd love to see it please film if poss
ReplyDeleteGood stuff Danny ... Marry Christmas
ReplyDeleteThe world needs more shiny bright people like you Danny!
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why does it say ''ON DEMAND'' do you just present the £20 note and someone will give you another £20
ReplyDeleteYou mentioned in a video, how can we fight those with nuclear bombs. The answer is for everone to stop consenting to voluntary enslaving themselves by working for and using the con of the worthless paper called money and paying the taxes to pay for those nuclear nombs.
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