Sixgun vs HawkHybrid

[Stu]

https://www.bankofengland.co.uk/freedom-of-information/2016/25-february-2016

Someone put a freedom of information request to the BOE asking the value of sterling. They might as well have replied with one word, faith. They will keep this circus going until it does not.

Anyways, going off topic. I think we will see over £1300 soon, however think things will really move when all time high are reached in USD. 

[HawkHybrid]

12 hours ago, GoldElliott said:

Seems that the promise to pay £5 entitles one to swap a £5 promissory note for another equivalent note?

In which case I maintain- what is the 'value'?

 

this is actually quite useful for times when they

take notes out of circulation. I believe the promise

to pay allows you swap a no longer circulating

note for a current version of the same sum.

 

HH

[HawkHybrid]

1 minute ago, zhoutonged said:

The same sum of nothings, backed by nothing, intrinsic value of nothing. The fifty pounds of nothing note is no more valuable than a five pounds of nothing note, 50x0=0, 5x0=0

Confidence = Con, fiat = counterfeit

 

the important thing about fiat currency is that it

can be used in the payment of taxes. it's printed

by governments so that you can pay it back to

them in the form of taxes.

(obviously that's not the only reason why it's

printed)

 

HH

[sixgun]

The country is bankrupt, they have all the guns and make all of their rules.

The people are compliant and believe much of the propaganda. i see intelligent people on the forum who believe it, i'm not just talking about the currency systems i'm talking about all the lies were are sold and demanded we believe. i believed a lot once upon a time, others just aren't ready yet i suppose. Things are not going to change at the moment, perhaps they never will. We can swap out paper for gold and silver. We probably shouldn't draw attention to it - just quietly carry on.
The real crime is that in the days when the promissory notes were real, the banks were very careful about lending money, b/c they really were lending money. Now they create it on computers.
i go into a bank - i apply to for a 'loan' - i fill out the forms promising to pay this and that at this and that rate. i sign it. i create the promissory note which inside their legal system shall be treated as cash (Lord Denning). i just created the currency - not the bank. These are bundled together and securitised. They are traded. i created the currency by way of the note and the bank took it as a 'gift' and sold it. Then conned me into thinking they lent me the currency. i am the creditor and the bank the debtor. This is where the securitised mortgages come from - we are told about these never thinking what it means. The bank sells these and are simply administrators but if you stopped paying them they would throw you out your home. 

So we have this, fractional banking and fiat currency. The scam is off the charts. When you mix in greed and the lust for power it is a recipe for disaster which is why we are on the brink of disaster. It defies all rhyme and reason that such a caper could be allowed but those who are allowing it are criminals themselves and the people believe it is alright and is what is essential for a growing economy. 

There is some deluded idea that those in high power get themselves in these positions to help the people. They don't and if they started out that way most are corrupted. The most corrupt and perverted make it highest up the ladder - they can be controlled and blackmailed. The most ruthless are those that make it further up the pyramid of power. i try to keep out of the system as much as possible these days.

[sixgun]

7 minutes ago, zhoutonged said:

Keeping away from the system suits me fine too. It's funny how well you do if you do the opposite of what you are taught. ie avoid taxes (not evade BTW  ) buy Gold (silly) buy Bitcoin (ridiculous). If they say buy a pension, buy a house. If they say get an endowment mortgage, get a repayment. If they say invest in stocks, invest in Gold, if they say sell stocks, buy stocks.

Pretty sure @sixgun and @5huggy know what I am talking about.

Contrarian to the end! ha

We are in a world of many opposites - there is a simple reason for this - we are being constantly lied to. If you do the opposite you will generally be doing what is true.

[sixgun]

3 minutes ago, zhoutonged said:

Reading your previous post I was pleased to see you mention the lie that we need an ever expanding money supply to grow an economy. If you think about it there is only one effect of an ever expanding supply of counterfeit money backed by confidence. An ever expanding wealth gap between the counterfeiters and the productive (and somewhat productive)

Clearly in a system that employed honest money the productive (and somewhat productive, me lolz) would be rewarded. This in turn would create a more productive economy, thus expanding the economy creating more wealth and opportunity for everyone. 

Socialism is not the answer to inequity, honest money is.

There is currency inflation to pay the interest on the currency. Currency is created as debt but the currency to pay the interest isn't. So more and more must be created just to stand still. More and more debt is stacked up.

If there is no currency inflation, then there will be currency deflation - then there will be insufficient currency to pay these 'loans' - then there will be wholesale confiscation of the people's property. 

In the end what is truly of value is the energy of the people. Even in a subsistence society, a hunter gatherer society - someone has to go hunting and gathering - someone has to acquire the knowledge and skills to do this. Without it there is nothing of value. 

[Roy]

Seriously, what's the solution?

Having gold helps but it's not the answer?

 

[SilverPirate007]

1 hour ago, zhoutonged said:

The same sum of nothings, backed by nothing, intrinsic value of nothing. The fifty pounds of nothing note is no more valuable than a five pounds of nothing note, 50x0=0, 5x0=0

Confidence = Con, fiat = counterfeit

And yet can buy me gold and silver! How bizarre!

[SilverPirate007]

54 minutes ago, sixgun said:

We are in a world of many opposites - there is a simple reason for this - we are being constantly lied to. If you do the opposite you will generally be doing what is true.

Evidence for any of this?

[sixgun]

49 minutes ago, zhoutonged said:

But that is only true with fiat

And that is why they beat down gold and silver. That is why they say they aren't money and sadly some of those who should know better believe it.

Did you watch the Andrew Maguire commentary in the latest Kinesis video posted last night? He related how last Friday 24 000 tonnes of May SI (silver) futures contracts were sold plus 70 000 tonnes of OTC silver. This was to the 4pm GMT close but the total for the day was near 135 000 tonnes of silver exchanged. That is 5 years' mined supply sold on one day. That is 4 333 500 000 ounces of silver. This would need 11 250 of the 12 tonne Brinks security bullion trucks to carry in a caravan stretching 70 miles.

And some people make out the metals aren't manipulated - it is laughable.

35 minutes ago, Roy said:

Seriously, what's the solution?

Having gold helps but it's not the answer?

i sometimes think a complete collapse is the solution - rebooting. You might call that a revolution. The issue is those say in Parliament are front men. You cannot take a system down without a replacement b/c the very entities and forces you seek will fill the vacuum and it will be the same old same old story again. i almost think it is in the psyche of mankind to exist in this slave-like state. i have thought about the transition from the serf state to the middle classes of more recent times. How did the power elite ever allow this to happen? How did they let their grip slip - but there again perhaps to grow the pie they have to give the people a bit more freedom, a bit more rope and then pull them back to heel.

 

29 minutes ago, SilverPirate007 said:

Evidence for any of this?

At one time i would have started responding to you - i have seen your outlook - it is like a carbon copy of the mainstream authoritarian, establishment propaganda playbook, so i won't waste my time. It has even momentarily flashed through my mind, is this poster an operative for the system? - there is for example the British Army's psychological warfare and propaganda unit - fighting against 'fake news' and wrong think. Police officers instead of patrolling the beat they patrol Twitter and Fakebook for wrong think. i have a relative who has a relative who works at GCHQ. They are busy keeping the UK safe, which includes monitoring and stamping out wrong think. Whatever - i'm not bothered as long as you aren't bothering me.

[SilverPirate007]

1 minute ago, sixgun said:

 

 

At one time i would have started responding to you - i have seen your outlook - it is like a carbon copy of the mainstream authoritarian, establishment propaganda playbook, so i won't waste my time. It has even momentarily flashed through my mind, is this poster an operative for the system? - there is for example the British Army's psychological warfare and propaganda unit - fighting against 'fake news' and wrong think. Police officers instead of patrolling the beat they patrol Twitter and Fakebook for wrong think. i have a relative who has a relative who works at GCHQ. They are busy keeping the UK safe, which includes monitoring and stamping out wrong think. Whatever - i'm not bothered as long as you aren't bothering me.

Translation; there is no evidence and I hate it when other people point out my weird ideas as being the fairy tails they are. I heard you were a lawyer as well as a doctor. How curious. Well good day to you sir.

---

Added 0 minutes later...

Just now, SilverPirate007 said:

Translation; there is no evidence and I hate it when other people point out my weird ideas as being the fairy tails they are. I heard you were a lawyer as well as a doctor. How curious. Well good day to you sir.

And a relative that works for GCHQ now!! Goodness me, what a well connected chap.

[sixgun]

2 minutes ago, SilverPirate007 said:

Translation; there is no evidence and I hate it when other people point out my weird ideas as being the fairy tails they are. I heard you were a lawyer as well as a doctor. How curious. Well good day to you sir.

---

Added 0 minutes later...

And a relative that works for GCHQ now!! Goodness me, what a well connected chap.

They are not my relative - it is through marriage - she has never spoken to me about it - i hear tiny inconsequential bits - it will be to do with translation of languages b/c that is what this person excels in. So i am not well connected at all. When you have experience of life and have met 100 000's of people it is amazing what you see and learn. 

[SilverPirate007]

1 minute ago, sixgun said:

They are not my relative - it is through marriage - she has never spoken to me about it - i hear tiny inconsequential bits - it will be to do with translation of languages b/c that is what this person excels in. So i am not well connected at all. When you have experience of life and have met 100 000's of people it is amazing what you see and learn. 

Oh I know, I meet a lot of people with my work but I don't think I could ever get to 100,000s however.

[sixgun]

7 minutes ago, SilverPirate007 said:

Oh I know, I meet a lot of people with my work but I don't think I could ever get to 100,000s however.

Depending on your work and how much you work and how long you have worked you can achieve hundreds of thousands - i once did a little sum on how many i saw in a year. i was surprised to work out it was around 13 thousand - i don't think those numbers changed, just the situations in which i saw them, so i have multiplied the number up and i will have comfortably topped 200k. 

[HawkHybrid]

2 hours ago, sixgun said:

i go into a bank - i apply to for a 'loan' - i fill out the forms promising to pay this and that at this and that rate. i sign it. i create the promissory note which inside their legal system shall be treated as cash (Lord Denning). i just created the currency - not the bank. These are bundled together and securitised. They are traded. i created the currency by way of the note and the bank took it as a 'gift' and sold it. Then conned me into thinking they lent me the currency. i am the creditor and the bank the debtor.

 

you have insufficient funds and go to the bank

for a loan. the bank make it happen that you no

longer have insufficient funds. how is it that the

bank is the debtor and you are the creditor?

the bank offered a solution to your problem for

a price. all of which was within the law. you can

say that the bank ripped you off but choosing to

say that they conned you is bit much.

 

HH

[sixgun]

1 minute ago, HawkHybrid said:

 

you have insufficient funds and go to the bank for a loan. the bank make it happen that you no longer have insufficient funds. how is it that the bank is the debtor and you are the creditor?

the bank offered a solution to your problem for a price. all of which was within the law. you can say that the bank ripped you off but choosing to say that they conned you is bit much.

HH

HH i have gone over this several times in the past - gone over it with you. i have explained - the bank has no currency. The currency does not exist until i enter the equation. It is my promissory note - the one i created that creates the currency. i created the currency. The bank had nothing to lend and does not lend the currency. 

We have been over this several times - you just don't accept this or something. You just don't accept that a bank that had nothing can suddenly be owed £millions if not £billions and i have to focus my energy to create the value to exchange for this currency and then hand it over to the bank with interest.

This is what happens. i am leaving it there - i believe you are a good chap but in some subjects i feel like i am banging my head against a brick wall with you.

[HawkHybrid]

44 minutes ago, sixgun said:

HH i have gone over this several times in the past - gone over it with you. i have explained - the bank has no currency. The currency does not exist until i enter the equation. It is my promissory note - the one i created that creates the currency. i created the currency. The bank had nothing to lend and does not lend the currency. 

We have been over this several times - you just don't accept this or something. You just don't accept that a bank that had nothing can suddenly be owed £millions if not £billions and i have to focus my energy to create the value to exchange for this currency and then hand it over to the bank with interest.

This is what happens. i am leaving it there - i believe you are a good chap but in some subjects i feel like i am banging my head against a brick wall with you.

 

they wanted payment for the solution they were

offering you.

the solution solved your short term funding

requirements by costing you more in the longer

term.

if you created the currency without the help of

the bank then the next time you require more funds

simply create the currency without the bank?

 

this is not about the creation of currency. the bank

sold to you the access to credit which was both

legal and worked.(you got the funds). over charging

you in interest does not make them criminal, it's

makes them greedy.

 

HH

[sixgun]

17 minutes ago, Abyss said:

Continue to see flight to safety because global Corona virus....

This move isn't to do with the coronavirus - it is the collapse of the USD-Treasury complex. 
There is panic on the UK controlled media outlets and all the people with confirmed coronavirus could fit onto 2 London double decker buses. 

[SilverPirate007]

3 minutes ago, sixgun said:

This move isn't to do with the coronavirus - it is the collapse of the USD-Treasury complex. 
There is panic on the UK controlled media outlets and all the people with confirmed coronavirus could fit onto 2 London double decker buses. 

At the moment perhaps, give it a month and we may see 10s or 100s of thousands of cases.

[sixgun]

13 minutes ago, SilverPirate007 said:

At the moment perhaps, give it a month and we may see 10s or 100s of thousands of cases.

Not perhaps - for sure, the moves in precious metals are due to the rejection of the USD. This is ongoing and inexorable. 
The coronavirus will come and will go and is being used as a cover story for the imploding dollar based Western financial system that is underway.

[Minimalist]

  

4 hours ago, HawkHybrid said:

 

they wanted payment for the solution they were

offering you.

the solution solved your short term funding

requirements by costing you more in the longer

term.

if you created the currency without the help of

the bank then the next time you require more funds

simply create the currency without the bank?

 

this is not about the creation of currency. the bank

sold to you the access to credit which was both

legal and worked.(you got the funds). over charging

you in interest does not make them criminal, it's

makes them greedy.

 

HH

Its not a solution HH. Its a slave complex.

We the people, cant access resources at our will or request (sometimes even our basic needs arent met) without acquiring an 'x' amount of currency. Period.

And before someone tries to attempt to make out the "free-market theory" is justified, please tell me how on earth earning capital/currency to gain access to basic resources, and or, assets is "freedom"? There is nothing "free" about being forced to work for our survival, period. A theory of - A pure free-market is said to feature unobstructed trade between "voluntary" parties, with the prices people pay determined through supply and demand. Supply and demand is the self-regulating mechanism of price determination, adjusted dynamically by the ongoing actions of buyers and sellers in the marketplace. While both buyers and sellers effectively compete to gain the most optimal price in exchange, sellers also compete against other sellers to ensure they get enough sales or market share from the consumer public. The competition is also considered self-regulating, with the assumption that ineffective marketing strategies or poor relative product quality on the part of a given seller will naturally lose buyers, while the opposite will attract buyers - reallocating market share to the best performer. Nonsense.

Many in here will probably be indoctrinated to actually believe that this is happening when its impossible in action - it breaks fundamental laws of physics and behavioral neuroscience. Such self-regulatory market/"free-market" forces have limited range of effect and once factors of fraud, desperation and irrationality the whole thing falls apart into inequality and disorder. Please, dont attempt to try and engage in an argument of duality because free-markets are a scam state intervention must be an alternative when it is also a greater scam.

Its very simple HH. The promissory notes are slave tokens and with it the vast majority of the obedience/slavery/citizens are conditioned into believing it serves them. Unlimited debt is a tool to ascend resources and assets, its that simple, its that purpose, debt is made out of thin air. Plus, the protection of ownership rights through these actions make the police the banking classes enforcer. The very same police who are working for their basic needs/survival will submit without hesitation to banking requests. Refusal to pay back debt, criminal proceedings are conducted.

The central banking cartel do nothing - coerce together as a society - propagate nations; people and families into believing debt is in the benefit for humanity. 

[MancunianStacker]

21 hours ago, HawkHybrid said:

 

my newly revised understanding is the promise to pay

refers to swapping out a faulty/barely recognisable

note for a more legible one. presumably so it's easier

to make transactions with. ie you don't lose your £5

if you accidentally left it in the wash.

I'm assuming the 'sum of ...' is referring to the legal

tender ability to legally settle sums.

(I always thought the whole sentence meant legal

tender, it's actually in two parts.)

 

HH

Or just paper swapped for digits in your electronic account 👍🏻 

[MancunianStacker]

Well I’ve just cash in my Premium Bonds so going on a gold spree!!! 💰 

[goldking]

The markets are looking very frothy again this morning.  Treasury yields at all time lows, Dow futures already showing 250 points down in pre-trading.  The dominoes are starting to fall.  I feel like we could see some big upward moves in gold today.  £1290 at the time of writing this.

[Pipers]

 I keep on reading what goes up must come down and this is true to some extent, but I was buying when gold went through the dead years and into Browns bottom it will never get back to those prices! 

IMO it's a different game now with the bottom line 1000usd and that price look doubtful anytime I can see.   The central banks are creating money (printing money) faster than ever this is having the effect on currencies being weaker hence gold going higher.  The run for gold recently is because of the panic on the markets they want quality in times of fear.