Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» Pastdue Credit Solutions..!
by NoSurender Yesterday at 11:00 pm

» sol excalibre with cookiemonster
by Phillpots Yesterday at 10:25 pm

» Hi. Need help/advice
by Phillpots Yesterday at 7:52 pm

» WhiteRabbit Trust. Simon Goldberg.
by aarons1950 Yesterday at 7:20 pm

» CCJ received post 3 letters
by petesomething Yesterday at 6:43 pm

» Amnesty International NAILED
by actinglikeabanker Yesterday at 6:36 pm

» Sleep paralysis / leaving your body
by Jinxer Yesterday at 5:18 pm

» Paying By Endorsement
by LionsShare Yesterday at 4:21 pm

» Hi to all. Peace and love
by actinglikeabanker Yesterday at 4:18 pm

» What Are Their Hidden Agendas
by ceylon Yesterday at 3:28 pm

» Common Law Copyright and Trademark Notice
by Boudica Yesterday at 3:18 pm

» Hi
by landlubber Yesterday at 1:52 pm

» The One-Minute Cure: The Secret to Healing Virtually All Diseases
by landlubber Yesterday at 1:19 pm

» Turpentine
by toolapcblack Yesterday at 11:58 am

» Liposomal
by toolapcblack Yesterday at 11:42 am

» HEAL YOURSELF natural remedies to all illness
by toolapcblack Yesterday at 11:30 am

» 24 Storey Tower on Fire in Kensington - dies
by Awoken2 Sun Jun 25, 2017 6:17 pm

» Trademark Disput with Council
by Phillpots Sun Jun 25, 2017 5:23 pm

» Mi5 officer confesses killing diana
by LionsShare Sun Jun 25, 2017 2:37 pm

» Print Mode
by Ausk Sun Jun 25, 2017 10:38 am

» Ghosties N **** that goes bump in the night. At last the Truth.
by max2000 Sun Jun 25, 2017 12:18 am

» Siemens Company claims £30k+ in out of court damages - URGENT ADVICE NEEDED
by Jinxer Sat Jun 24, 2017 2:53 pm

» Look up in the sky....
by Lopsum Sat Jun 24, 2017 2:33 pm

» The Yellow Shark
by StrangerInAStrangeLand Sat Jun 24, 2017 11:55 am

» Two of a Kind
by Phillpots Sat Jun 24, 2017 12:59 am

» Sergei Rachmaninoff - plays his Piano Concerto No. 2
by actinglikeabanker Fri Jun 23, 2017 10:22 pm

» Wolfgang Amadeus Mozart - Lacrimosa
by actinglikeabanker Fri Jun 23, 2017 10:05 pm

» Hi All
by ceylon Fri Jun 23, 2017 4:23 pm

» Frédéric Chopin - Nocturne
by actinglikeabanker Fri Jun 23, 2017 3:11 pm

» Claude Debussy - Clair De Lune
by actinglikeabanker Fri Jun 23, 2017 3:01 pm

» UK Column
by ceylon Fri Jun 23, 2017 2:45 pm

» City of Ember
by actinglikeabanker Fri Jun 23, 2017 2:20 pm

» Thought you guys sold out!!
by ceylon Fri Jun 23, 2017 9:22 am

» Sui Juris – The Official State Office Known As "PERSON"
by ceylon Fri Jun 23, 2017 8:52 am

» CitiBank Returns from the Dead!
by assassin Fri Jun 23, 2017 3:05 am

» Land Registry Offices
by assassin Fri Jun 23, 2017 2:57 am

» Busybodies
by assassin Fri Jun 23, 2017 2:55 am


It's official:Banks Don't Lend Money

Page 2 of 2 Previous  1, 2

View previous topic View next topic Go down

Re: It's official:Banks Don't Lend Money

Post by landlubber on Thu Jun 15, 2017 2:20 am

Well, LionsShare, it is actually only we, the people, that create promissory notes or credit...it is at this point in the proceedings that these promissory notes are usually stolen from us. I cannot recall where it was that I read it, but someone offered Argos a promissory note and they said, we used to, but no longer...think about this one then., perhaps this is something that we should be asking those in commerce? Are they likely to turn business away from their doors? Very Happy

landlubber
Not so newb
Not so newb

Posts : 121
Join date : 2017-01-31

Back to top Go down

Re: It's official:Banks Don't Lend Money

Post by assassin on Thu Jun 15, 2017 2:33 am

What is a £5 note, what is a £10 note, what is a £20 note, what is a £50 note, what is the credit note they offer you if you return goods and they dont want to pay out cash? all promissory notes.
avatar
assassin
Admin
Admin

Posts : 440
Join date : 2017-01-28
Location : Wherever I Lay My Head

Back to top Go down

Re: It's official:Banks Don't Lend Money

Post by LionsShare on Thu Jun 15, 2017 9:35 am

After reading the last 2 great posts, makes me think about formulating a plan to actually see if the bank will "cash" a prom note for me, to what value though? Perhaps £500 to start or may be £300 - What do you the readers think?

Should I be worried about the bank taking monies from what little saving I have with them if it is not paid back or take a chance? Obviuosly I should move the savings 1st but it has advantages there for me now - my choice I know!
avatar
LionsShare
Not so newb
Not so newb

Posts : 77
Join date : 2017-04-26
Location : Literally Where Ever I Am

Back to top Go down

Re: It's official:Banks Don't Lend Money

Post by assassin on Thu Jun 15, 2017 1:07 pm

Ask yourself some questions, what is a cheque, and what is an IOU, and why are they both legal forms of tender.

The IOU was traditionally used by gentlemen playing cards or similar and is nothing more than a promise to pay, likewise a cheque is essentially the same if a little more formal with an account to charge (cash) it against. If an IOU was not honoured the other gentlemen would discredit the gentlemen issuing the IOU and essentially shun them, they couldn't undertake any financial activities, nobody would accept their credit, and nobody would accept their word as a gentleman.

Take a look at the wording of the post and notice IOU, or "I owe you" which means you incur a debt to another, note the most powerful word "discredit" which means your ability to give credit to another is banned, and when such documents were popular you would create your own credit using your own assets.
avatar
assassin
Admin
Admin

Posts : 440
Join date : 2017-01-28
Location : Wherever I Lay My Head

Back to top Go down

Re: It's official:Banks Don't Lend Money

Post by Waffle on Mon Jun 19, 2017 11:10 pm

The Guardian

Last week, something remarkable happened. The Bank of England let the cat out of the bag. In a paper called "Money Creation in the Modern Economy", co-authored by three economists from the Bank's Monetary Analysis Directorate, they stated outright that most common assumptions of how banking works are simply wrong, and that the kind of populist, heterodox positions more ordinarily associated with groups such as Occupy Wall Street are correct. In doing so, they have effectively thrown the entire theoretical basis for austerity out of the window.

Just consider what might happen if mortgage holders realised the money the bank lent them is not, really, the life savings of some thrifty pensioner, but something the bank just whisked into existence through its possession of a magic wand which we, the public, handed over to it.

https://www.theguardian.com/commentisfree/2014/mar/18/truth-money-iou-bank-of-england-austerity

Waffle
Not so newb
Not so newb

Posts : 287
Join date : 2017-03-27

Back to top Go down

Re: It's official:Banks Don't Lend Money

Post by jockenglish on Mon Jun 19, 2017 11:18 pm

So can we use our own 'magic wand' to 'repay' the non-existent money ??

Would really wreck their system wouldn't it !!

jockenglish
Newb
Newb

Posts : 7
Join date : 2017-06-02

Back to top Go down

Re: It's official:Banks Don't Lend Money

Post by max2000 on Mon Jun 19, 2017 11:28 pm

As the customers of the Northern Rock found out when they suddenly wanted their cash back during the last big Crash.

max2000
Not so newb
Not so newb

Posts : 60
Join date : 2017-06-07

Back to top Go down

Re: It's official:Banks Don't Lend Money

Post by max2000 on Mon Jun 19, 2017 11:29 pm

They create the Money by tapping numbers into a PC.

max2000
Not so newb
Not so newb

Posts : 60
Join date : 2017-06-07

Back to top Go down

Re: It's official:Banks Don't Lend Money

Post by LionsShare on Tue Jun 20, 2017 10:54 pm

@jockenglish wrote:So can we use our own 'magic wand' to 'repay' the non-existent money ??

Would really wreck their system wouldn't it !!
People say POE's WeRe bank is a fraud! This must be the biggest fraud since man has existed Exclamation

Has anyone ever been successful at actually depositing a prom note & had their account actually credited? Have been reading quite alot over the last week or so - even some posts off the old site. I could not find ANYTHING!
avatar
LionsShare
Not so newb
Not so newb

Posts : 77
Join date : 2017-04-26
Location : Literally Where Ever I Am

Back to top Go down

Re: It's official:Banks Don't Lend Money

Post by max2000 on Tue Jun 20, 2017 11:53 pm

Give a Man a Gun he can rob a bank. Give that man a Bank he can rob the World.

max2000
Not so newb
Not so newb

Posts : 60
Join date : 2017-06-07

Back to top Go down

Re: It's official:Banks Don't Lend Money

Post by LionsShare on Tue Jun 20, 2017 11:54 pm

@max2000 wrote:Give a Man a Gun he can rob a bank. Give that man a Bank he can rob the World.
YES TOO TRUE lol!
avatar
LionsShare
Not so newb
Not so newb

Posts : 77
Join date : 2017-04-26
Location : Literally Where Ever I Am

Back to top Go down

Re: It's official:Banks Don't Lend Money

Post by LionsShare on Tue Jun 20, 2017 11:57 pm

If anyone is interested found more on bank/prom notes. This may have been posted before but...

https://www.whatdotheyknow.com/request/value

"Dear Enquiries,

many thanks for your reply

from what i can see from the explanation you have given is that a bank note which is a promissory not which the bank of england promises to pay the barer means they will promise to pay them nothing but give or offer other denominations of a promissory note which are also worthless well about 2pence metallic money for production?"
avatar
LionsShare
Not so newb
Not so newb

Posts : 77
Join date : 2017-04-26
Location : Literally Where Ever I Am

Back to top Go down

Re: It's official:Banks Don't Lend Money

Post by Lopsum on Wed Jun 21, 2017 3:10 am

i can confirm they laugh and give you looks when you demand the sum of 20LB!
avatar
Lopsum
Admin
Admin

Posts : 525
Join date : 2017-01-15

http://goodf.forumotion.com

Back to top Go down

Page 2 of 2 Previous  1, 2

View previous topic View next topic Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum