Bank of England

[ruudboy]

vCash: 3771573439


Christ Begs!!!

Just noticed that now lol. Bung some of that to Blackpool. If you believe some of the economists I´ve interviewed, Vcash is no more suspect than the money we carry around in our wallets!!

[Begbie]

Quote:

Originally Posted by ruudboy

vCash: 3771573439


Christ Begs!!!

Just noticed that now lol. Bung some of that to Blackpool. If you believe some of the economists I´ve interviewed, Vcash is no more suspect than the money we carry around in our wallets!!

The last guy to regularly run vBookie, Julio Arca, donated his full stash to me for some reason.

When you think about it, a Bank of England note says on it, 'I promise to pay the bearer the sum of (eg) 10 pounds'. If you took it to a bank and asked for your 10 pounds, what would they give you?

I'm not too sure if that is still on the Bank of England notes. I've only got Bank of Ireland, Ulster Bank and First Trust notes in my pocket.

[mfc1876]

Quote:

Originally Posted by Begbie

The last guy to regularly run vBookie, Julio Arca, donated his full stash to me for some reason.

When you think about it, a Bank of England note says on it, 'I promise to pay the bearer the sum of (eg) 10 pounds'. If you took it to a bank and asked for your 10 pounds, what would they give you?

I'm not too sure if that is still on the Bank of England notes. I've only got Bank of Ireland, Ulster Bank and First Trust notes in my pocket.

I'd have a look but I haven't got any notes in my pocket... I haven't got any coins for that matter

I'm sure it still says that though.

[ruudboy]

Quote:

Originally Posted by Begbie

The last guy to regularly run vBookie, Julio Arca, donated his full stash to me for some reason.

When you think about it, a Bank of England note says on it, 'I promise to pay the bearer the sum of (eg) 10 pounds'. If you took it to a bank and asked for your 10 pounds, what would they give you?

I'm not too sure if that is still on the Bank of England notes. I've only got Bank of Ireland, Ulster Bank and First Trust notes in my pocket.

Quite right,

gold bullion was supposed to back up any printed notes in days gone by. David Icke was ridiculed some years ago for saying as such. Now Icke does say some other outlandish shit, but I have to agree with him on the money.

Anyway Glory Glory Man Utd

[Begbie]

Copied this discussion to here. It was veering off at a tangent from its original Man U thread's discussion matter.

The Bank of England was set up as a private company to make funds available to the government in the 1690s. The navy had to be rebuilt so they 'imported' a Dutch idea (William III was the king at the time). The idea was that a bank would hold people's gold and issue promissory notes which could be used in transactions as if they were gold. The government could then borrow this gold to re-build the navy. The national debt was born.

Another effect of this is that it doubled the 'wealth' of England overnight in foreign markets. People in England still had the same spending power as they had before depositing their gold. They could use their promissory notes. The government had an identical amount of spending power available, which wasn't available before, as they could borrow the deposited gold and pay interest.

Here's the rub. Every country that I can think of uses this system now. This means that every country is worth only half of its 'paper' value. As fewer and fewer global markets/people are open to exploitation, the financial bubbles that we've seen recently must be repeated and be bigger.

Here endeth the rant.

[bill.glentoran]

a tourist walks into a hotel and asks for a room the hotel manager says no problem £100 per night,the tourist pays and goes to the room,the manager realises he owes £100 to the butcher and takes the money to him,on receiving the money the butcher realises ho owes £100 to the local prostitute and nips round to pay her,on receiving the money the prossie remembers she owes £100 to the hotel for a room and goes round to pay him,at this point the tourist comes downstairs and says he has changed his mind and doesnt want the room and gets his money back,voila no more debt!

[jabdc5]

not had any Scottish bank notes for a while but I believe it used to be printed on them something to the effect that if you took a bank note to the banks HQ they would give you the equivalent amount in silver. Any truth in it, any of our Scottish friends heard of this?