Courts Afraid of Us Now Lawful Bank Roger Hayes British Constitution Group (HD)

[A1nitak]

"money" is created from your labor and energy which is unlimited credit. All you have to do is get them to balance the books by you accepting their offer and returning it for set off and closure. The problem is that the grunts at the normal levels have no idea what that is. You don't need another bank. The original system was established just like what this man is trying to create. It started with gold and then notes were used as credit to exchange for gold on demand.

[WilliamGruff]

You'll need some windscreen stickers and some other means of exciting popular interest for the lawful bank.

We can do it.

[mybeautifulearth]

Hahahah this is so funny, love it lol COUNT ME IN !!! I have spread this around like wild fire and I hope everyone else does too from the uk. THIS IS A MUST !!!!

[WayseerToday]

G R A N D E U R

[sim0b]

The title of this video could of been better presented in order to attract more views. :)

[whytesapph]

@sim0b Any Suggestions??? 

[PeaknikMicki]

I don't quite get the escrow bit. They cannot issue legal tender, just credit or competing (non-legal tender) currency. So if the utility company is paid with credit from the escrow credit they have the right to covert it to legal tender not "sovereign pound". Competing currencies so far never get past barter simply because they are not legal tender.

If genuine - I wish them good luck and God speed but for now I am sceptical.

[PeaknikMicki]

@PeaknikMicki And one more thing; if every Brittish pound is converted to 10 "Sovereign pounds" credit, wouldn't that be very inflationary for the Sovereign pound? Especially if soverign pound loans are interest free then it could result in mass convertion from brittis pounds hugely inflating the sov.pound supply. Once that happens (unless there is MAJOR deflation of brit.pounds stopping further conversion) prices in sov.pounds go hyperbolic.

[whytesapph]

@PeaknikMicki yh i find it quite confusing as well, that 1 british pound and 10pnds of sovereign credit is quite interesting. he said its just wat the bankers would usually make out of nothing and lend out anyway, instead it will go to the people evrytime credit is created, im still looking in to it lol

[PeaknikMicki]

@PeaknikMicki yep that is what fractional reserve banking is. They have 1pound and can by law lend out 9 in credit knowing only what is actually held in reserve (the 1 pound) is most likely enough to meet needs for real withdrawals. I think moneymasters was a video that explained it well.

[PeaknikMicki]

@PeaknikMicki The issue I see is that who ever sells a house will not accept sov.pounds as they need legal tender to pay off loans, taxes etc. So home buyer deposits say 20,000 brit.pounds and gets interest free loan for 200,000 sov.pounds. Now the society needs to convert that to brit pounds to satisfy house seller (and mortgagee). That means 20,000 brit.pounds in 200,0000 brit.pounds out. It won't work.

As barter it may, just like 'liberty dollars' did and other competing local currencies

[whytesapph]

@PeaknikMicki yh i have joined the lawful bank as a member now, so i will hope to find out more as it progresses, but didnt he say the sov pound will b legal tender just like the british pound, both are created out of nothing, yet the british pound creates debt evrytime a pound is created, while the sov pound creates credit that will go directly to the people not the greedy banks, he did say that it can be accepted just like the british pound lol, i still want more info on it b4 i invest

[PeaknikMicki]

@whytesapph what is legal tender is enacted in law. Otherwise anyone could just create a currency and use it for payment. There is nothing stopping two parties from accepting something else as the medium of exchange and I gave US liberty dollar as example. (Gov cracked down on them though). What they had was however a silver backed currency. The Sov.Pound is not backed by anything and can therefore be inflated without limitation. If you do your research there are a lot of alternative currencies

[PeaknikMicki]

@PeaknikMicki hardbit is to get qty in users. As mentioned for barter is one thing but as long as it's not Legal Tender, there is a demand for LT because that's what you need to pay debt and taxes.

In the case of liberty dollar those who held the silver coins when gov cracked down were OK as silver has value. Thos who had it with the org are going through long legal battle to claim what it theirs. In this case there is nothing of intrinsic value so if gov shuts them down, all is gone in a flash

[wiseuporbedead]

@PeaknikMicki - You have missed the point. Nobody is going to accept any currency if it will not be accepted by others... but everybody will accept anything for payment provided it is accepted by everybody. That's why shells and pieces of wood (tallies) have been used as currency. lawful bank currency will be accepted because of the fractional reserve leverage and the interest free loans. Acceptance creates a universal benefit for all users at the expense of the bankers.

[PeaknikMicki]

@wiseuporbedead I understand that even if it might not have come through in my posts.

You do however have a chicken and egg situation where new currency isn't accepted until it is accepted. Especially if it's without intrinsic value. Tally sticks worked well because they were guaranteed fiat value and could be used to pay taxes (i.e. legel tender). A competing currency that is introduced must have intrinsic value or be convertible to what is legal tender to work or it won't take off.

[wiseuporbedead]

@PeaknikMicki - I agree with the point you make but... Things are different now. I believe people are prepared to support an alternative monetary system especially if by using fractional reserve banking we are the beneficaries. Plus, we are in lawful rebellion 'Magna Carta - 61' we will use new liquidity to pay elec, gas, water bills and mortgages through escrow accounts. Numbers are crucial. We will pay monthly bills with our liquidity. Whether they like it or not. Legal tender plays no part.