/biz/ - Business & Finance

[Anonymous No.12418991]

>I promise to pay the bearer on demand the sum of ten pounds

What does this even mean? 10 pounds of what?

[Anonymous No.12419004]

>>12418991
paki cum

[Anonymous No.12419005]

i normally ask for these

[Anonymous No.12419010]

ten pounds of metaphorical SHIT
this is the uk we're talking about f a m

[Anonymous No.12419024]

Silver, originally

[Anonymous No.12419042]

>>12419005

marks and sparkspilled

[Anonymous No.12419053]

you are giving the person 10 pounds, and the piece of paper (once cotton, now plastic in reality) is the certificate to say you did it

[Anonymous No.12419064]

>>12419005
>Ready salted potato sticks
Fries?

[Anonymous No.12419075]

>>12419064

don't be so uncouth chap we don't eat that yank tosh

[Anonymous No.12419086]

>>12418991
10 pounds of (((specimen)))
that (((they))) have

[Anonymous No.12419090]

>>12419064
Yes. But people who shop at M&S don't like yank branding because their conservative parents taught them to hate yanks. Despite being 'conservatives', they're still liberal sheep who hate Brexit etc.

Usually if you see thin chips labelled as 'fries' in the UK they'll be covered in American flags or something. We eat thick chips usually.

[Anonymous No.12419120]

>>12419064
>>12419090
No, they're not fries.

[Anonymous No.12419128]

>>12418991
10 pounds of unlimited Muslim immigration.

[Anonymous No.12419129]

Literally nothing

Source : Bank of England

[Anonymous No.12419158]

>>12419053
It says that BoE promises to give the bearer of the note 10 pounds.
The note already represents 10 pounds, though. So in what form would they pay you 10 pounds?
Since the pound is not pegged to gold anymore that phrase doesn't make much sense.
They can only give you another 10 pound note in exchange for your own note.

[Anonymous No.12419177]

>>12418991
It’s almost like fiat money isn’t worth anything

[Anonymous No.12419212]

>>12419090
>their conservative parents taught them to hate yanks. Despite being 'conservatives', they're still liberal sheep who hate Brexit etc.

d-delete

[Anonymous No.12419222]

it's a holdover from the gold standard

do you retards learn anything?

[Anonymous No.12419350]

Pay the bearer on demand = paying legal tender. Legal tender is a payment of debt. In the United States, when a bank takes out a loan from the federal reserve, the bank promises to pay back that much plus interest or "promises the bearer on demand a sum of" said loan + interest. Another thing is fiat isn't backed by anything so money in the real world is only word of mouth agreements written on paper. They hijacked how money works and made it a system where the rich get richer and the poor make the rich richer.

We are getting scammed in this system.

[Anonymous No.12419436]

>>12419212

[Anonymous No.12419521]

Itt y'all retardees.
Imagine living in a world where all spending is limited by the amount of godl one person or state has.
First you have to work for godl then spend godl until
>Oy mates, no more godl, better pack your shit and go home untill we find some godl somewhere.

[Anonymous No.12420051]

>>12418991
copper coins

[Anonymous No.12420719]

>>12419158
The note is technically just a claim to 10 pounds from the Bank of England, not 10 pounds itself.

There's no actual, physical pound, it's an accounting unit.

[Anonymous No.12420744]

>>12420719
what did civilization mean by this?

[Anonymous No.12421783]

>>12419129
And people wonder how bitcoin has more of an inherent value than fiat. Fiat isn't even worth the paper it's printed on.

[Anonymous No.12421806]

>>12419064
It’s a British potato snack, imagine potato chips cut into shreds. They’re like that but less tasty.

[Anonymous No.12421817]

>>12418991
Pounds Sterling you nerd