If banks dont hold their promise, can we sue?

[sindakit]

I was explaining to my friend, with the aide of a £10, how it was just a promissary note and held no real value when i had a thought.

If i went to the bank head office and asked that they redeem the value, as is stated on the note, and they refused or remove me from the building can i take action against them for not aknowledging the note?

I know its not a binding contract but what do you suppose would happen if i sued them? lol

I heard someone asked for it to be exchanged into silver but was escorted from the buliding. Not sure if that was the head office or just her local branch and i don't know where she went with action after that happened.

[danster82]

I was explaining to my friend, with the aide of a £10, how it was just a promissary note and held no real value when i had a thought.

If i went to the bank head office and asked that they redeem the value, as is stated on the note, and they refused or remove me from the building can i take action against them for not aknowledging the note?

I know its not a binding contract but what do you suppose would happen if i sued them? lol

I heard someone asked for it to be exchanged into silver but was escorted from the buliding. Not sure if that was the head office or just her local branch and i don't know where she went with action after that happened.

It is signed and does clearly say bank of england, I think orignally redeemable in pounds of silver, and they promise to pay the bearer of the recipet 10 pounds.

The most effective thing to do would be to record it on camera and upload it to youtube to get the point across that theres nothing behind money but a debt contract.

[sindakit]

i thought about filming it but if it's on there property then i'd need permission and that won't happen.

[seercirra]

i thought about filming it but if it's on there property then i'd need permission and that won't happen.

well fuck it man, dont tell them about it :P
hide it somewhere.
most smallish digicams can be hidden really easy. ie poke a hole in your bag and stick the camera so its looking straight out of that hole.

if any bank worker finds out from utube, after youve filmed it, how the hell will they prove its you? no-ones going to say "AH! i know this man, he came into the bank last week and asked all these dodgy questions. i remember his name is xxxx and his bank number is xxxx and he lives at xxxx and IM GONNA GET HIM!"
its never gonna happen,
they got f'kin nothing.
record it and see what happens.

[yozhik]

I was explaining to my friend, with the aide of a £10, how it was just a promissary note and held no real value when i had a thought.

If i went to the bank head office and asked that they redeem the value, as is stated on the note, and they refused or remove me from the building can i take action against them for not aknowledging the note?

I know its not a binding contract but what do you suppose would happen if i sued them? lol

I heard someone asked for it to be exchanged into silver but was escorted from the buliding. Not sure if that was the head office or just her local branch and i don't know where she went with action after that happened.

A Bank of England promissory note is redeemable ... but only for other Bank of England promissory notes, in smaller denominations.

There is nothing that obligates the BoE to redeem the notes for anything other than more Bank of England promissory notes; certainly not gold or silver.

Notes for notes ... that's the legal requirement, as it stands.

[vladmir]

A Bank of England promissory note is redeemable ... but only for other Bank of England promissory notes, in smaller denominations.
Exactly, but they, that is the bankers want the people to subconciously believe that there is some real precious metal backing to these so-called promisory notes.
But the fucking tragedy is that the notes are counterfeit,
designed to look like a real promisory note, but arent.

Earlier, the notes, atleast the old dollar notes used to say 'redeemable in silver', but now, they dont say what they are 'promising us to pay', these bastards are promising us to give in exchange for a pound note, simply another pound note!

So really, our currency only seems like it isint fiat currency, but actually it is.
Atleast in the US they now say, this note is legal tender for all debts, public and private.
thats like coming flat out and saying,
"look this piece of paper is money because we say so, thats it."

The public is clueless anyway, they havent been taught what money is supposed to be by our great schools and universities!
Isint that amazing!!

So, the point is, i commend you on your initiative, and yeah, if you have a pinhole camera, i think it would work, and make a great youtube video certainly,lol.