Be your own banker

[@stuartmacdonald2136]

I remember in the 80s being paid in cash, No banking.

[@sirrobinofloxley7156]

Makes you wonder who did the deal to change that then.

[@phillipcarter8045]

You would get a little brown envelope

[@FredPerps]

@@phillipcarter8045 every week if I remember correctly

[@littlemisscareful]

I remember the rent man coming and collecting the rent. Insurance man coming round and you paid him cash weekly and he'd write it in a book

[@sorchajones1788]

Hey Richard, two things- in Stroud, Glos, there used to be this thing called the Stroud pound. Later I think it was called Letts. It was local trading money for people to do jobs for each other or sell to each other. It couldn’t be taxed. Now, I’m in a food Co-op in London. We all pay a fiver a week and get fruit, vegetables, pulses, rice and other things, wholesale between us. We also get given random short dated food, which gets divided up and added to the food box. It makes eating and living cheaper again. We don’t have much choice about what we get but we can google the things we’ve got and see what we can make from it. We also have a community garden for growing some vegetables. It’s really bringing the community together.

[@johnb203]

I like that, something we need more of. Good on you and everyone involved, going to look to see if there is anything like that near me.

[@annawinters4346]

Is this similar to the Bradbury Pound?

[@sorchajones1788]

@@annawinters4346 Hi there, I just googled the Bradbury pound as I’d only heard of it once, probably, on Richard’s youtube here. I also googled the Stroud pound, or LETS ( where I saw I previously spelled it wrong). I read that the Bradbury pound was issued by the treasury in response to a government request to save gold bullion. Differently, the Local Exchange Trading Schemes (LETS) was and can still be a local currency for and by the local community. I expect there’s more info online if you’re interested in knowing more.

[@KoDeMondo]

Not only that but most importantly is this are FIAT Currency meaning the government impose on people by a so-called legal tender. Also most important than my point above is that only banks can create money out of tiny air but by doing so the create interest for us to repay it. So when the money born at just they first creation they born with debt attach it.

[@garethjones3251]

the digital money net is another form of control

[@carolinefitzpatrick8234]

Not Bitcoin, it is uncontrolable uncorruptable but yes definitely CBDCs

[@sirrobinofloxley7156]

@@carolinefitzpatrick8234 So, what makes Bitcoin more valuable than simply emailing someone whatever credit you wish to give them? The whole idea of payment is repugnant to a free world.

[@steveholloway1963]

Definitely not bitcoin bitcoin is freedom money

[@kosotieosterling5274]

not if we are talking Qort, Monero, Epic cash etc... 🙂

[@KoDeMondo]

Not only that but most importantly is this are FIAT Currency meaning the government impose on people by a so-called legal tender. Also most important than my point above is that only banks can create money out of tiny air but by doing so the create interest for us to repay it. So when the money born at just they first creation they born with debt attach it.

[@kelvintruswell1086]

I do handyman services and the best jobs I do is when we trade. I fitted a customer supplied tap the other day and got paid in lamb chops

[@maroonfox868]

Morning Richard Agreed with everything you said, There is no money as such and at the point of depositing your money at the bank it isn't yours anymore, just try and draw a large sum out in one go and see what happens. The money becomes the banks and you become a creditor. As J P Morgan said 100 years ago "GOLD IS MONEY EVERYTHING ELSE IS CREDIT"

[@jacksg1809]

2,000 questions been there done that .🤬

[@AntonyClayton-eq1ul]

Yes. Drawing teeth...

[@jacksg1809]

@@tvguy61 you get asked what u want it for ...and they say we ask incase u are being scammed🙄

[@AntonyClayton-eq1ul]

@@tvguy61 Halifax with me: all sorts of expressed 'concerns'. And arguments against paying out - your own money. What is the reason why you want to to withdraw; more precisely, why do you not want to leave it in, to benefit the bank. Answer: because that is what I want. And various reasons as to utilising the money, for personal reasons. Main one was are you being coerced into the withdrawal by a victimising third party?; against your will. Without the slightest grounds of suspicion. But at the end, acknowledgement that "it is your money".

[@KoDeMondo]

Not only that but most importantly is this are FIAT Currency meaning the government impose on people by a so-called legal tender. Also most important than my point above is that only banks can create money out of tiny air but by doing so the create interest for us to repay it. So when the money born at just they first creation they born with debt attach it.

[@dcarbs2979]

Willy Wonka taught me this. When Charlie had his Golden Ticket and people were trying to buy from him, he was told: You've got something that is the only one in the world (golden ticket). Do you really want to swap it for something as common as 'money'.?

[@andrewhoughton-py1hq]

Yep, nice, I like that comment

[@kenboyooo]

Charlie has his Golden Ticket, the Question is what will he do with it . Don’t fink he needs money Maybe Global Influences ?

[@davidhamtaro]

Yup sheeples wins in the end.

[@wolframdebris8102]

Its all there in the Mises Institute,history of money, theres a sound reason why gold was chosen

[@vikingqueen9]

I went shopping in a well known fabric store locally/ The lady on the till said they only take card. I asked why and she said that the company used to have cashiers, who counted the money, but now they don't employ anyone!!!! The other sales assistant said, 'Oh it's due to Covid!'... What an excuse!!!! There were hardly any staff in the store too!. Can you see what's coming? Can they really say they don't accept cash? I found it to be very uncomfortable not to have several ways to pay.

[@parrotshootist3004]

Coin of the realm, went from legal tender to coin of suggestion. According to blackbelt guy.

[@sirrobinofloxley7156]

The excuse of it being to expensive to insure people carrying money was once an excuse used. Imagine I gave you 10,000 promises to pay, owed by someone who had no intention to pay it whatsoever, then went to the insurance company to insure that amount, what direction do you think the insurance broker would advise you to keep going in? : )

[@AntonyClayton-eq1ul]

Don't shop anywhere that will not accept cash. Even if challenged, and told about legal tender etc; accept cash (Bill of Exchange Act). If still refuse your money walk away.

[@ChangGoldLeaf]

Tapping your card or phone is a vote for your own enslavement.

[@dianablackman4528]

@@AntonyClayton-eq1ul Exactly!

[@dianegriffen2756]

Skills and knowledge will always be more valuable than pieces of paper.

[@parrotshootist3004]

Better to be enriched with value of usefulness than hold expendable value? Quite true..

[@sirrobinofloxley7156]

Generally the more acceptable interpretation is 'labour is the only true worth', and I don't mean Kier Starmer, hahaha

[@annebeignatborde1832]

Yes, paper gold and silver won't build you a shelter unless the person who knows how to build great shelters thinks that what you have to offer in exchange is worth it or not. So either you learn to build a shelter yourself or you're going to need a lot of gold and silver.

[@evolassunglasses4673]

Make good friends that are awake

[@johnpercy7645]

Not a comment about the subject, this time Richard. My comment is about your brilliant presentation, on all I've seen so far. Absolutely excellent method of explanation, in easily understandable language. The style itself is so listenable and watchable. Keep it up. The truth, told by you, can be entertaining as well !!

[@shaw99livecouk]

The bottom of the money pyramid is human labor and ingenuity .Nothing happens without it.

[@sirrobinofloxley7156]

Without attempting labour, ingenuity is arbitrary, labour is king!

[@minesadab]

Yes, sound money is proof of work. Money that can't be created without human labour of equal quantity/quality

[@malonekenny1]

1 pound used to be a full gold sovereign now a gold sovereign is nearly 400 pounds . that there tells you all you need to know .

[@philipjones9458]

Correct

[@nassersiaf8167]

Also there used to be 240 pennies to the pound. Downhill from there..

[@metalicminer6231]

They devalued the Pound by over 140,% overnight in 1971. And people just allowed it to happen.

[@metalicminer6231]

​@@nassersiaf8167and a penny could be divided into 16 quarter farthings. You can't buy anything for a penny now.

[@minesadab]

Not only that, but the amount of above-ground gold has at least quadrupled over the last century, so the same amount of gold has, at most, 1/4 of the value it did then.

[@stephengirling7859]

By far the biggest tax scam is VAT! I pay tax on my income and then have to pay tax on the same money that i've just been taxed on! ABSOLUTE THEFT!! VAT means that 85%!!!!!! of what you work hard for is taxed! Then I'm charged COUNCIL TAX!! WHAT WERE THE FIRST TWO TAX THEFTS FOR THEN?? I can only conclude that high rates of tax =high rates of poverty. Insane!

[@nightvision3182]

that is the price humanity pays for being willfully ignorant.

[@StudentDad-mc3pu]

Money is merely a means of exchange. Gold is the same, and merely a metal. Both of them fluctuate in value compare to the goods and services they can purchase.

[@roguestate4u]

There's nothing wrong with the concept of banks or money, in fact in some form or another they are necessary for trade, the problem is having a central bank with the power to produce money out of nothing and put it in the hands of a few. Back in the day when banks were decentralised (local) the amount of money a bank had notes for would theoretically be matched by the amount of silver and gold in the vaults. In the case of Bitcoin the value lays in the fact there is only a finite amount that can and will ever be produced, unlike fiat currencies but more like gold and silver. Another similarity between Bitcoin and precious metals is that they are both stores of energy to be used cashed out at a later date, with gold and silver it's the energy it takes to get it out of the ground and process the metals and with bitcoin it's the energy needed to do the number crunching(mining) to produce a Bitcoin. As with the early banks, the benefit of Bitcoin, Litecoin and Digibyte to name a few are decentralised and can't be controlled at the mining stage by governments. CBDC's won't be decentralised and pretty much mirror the present corrupt banking system but with controls on spending already programmed in, what could possibly go wrong?

[@parrotshootist3004]

the mining stage for gold nor bitcoin change the wealth distribution issues. 0.4% holds about 60%, around 2% holds ~80%. The bottom 90% own little Bitcoin. It holds value not due to its finite quality but because people, with wealth, value it. If no one but the bottom 20% of wealth holders considered it, how much faith and value could go behind it? Issueance isn't the only problem. Excess of fiat wealth just transfers. In the short-medium term its a potential great opportunity, because mining also mints it.

[@TheLMC323]

The American fed just prints money as needed. Fake value.

[@conradblackii]

The money supply, or currency in existence for a country could be stable and kept circulating within that economy. However the main 'problem' with the current system is that the currencies are created temporarily at interest, so that the whole economy is in an increasing state of indebtedness. Every loan repaid, takes that currency out of circulation until another loan is made.

[@howard1beale]

You want to know what could go wrong? Well let's have a look at FTX and Celsius. 300,000 People who didn't know anything at all about crypto now know why its a scam designed y co artists for people who really believe you can grow money in a money tree

[@KernowJackson]

Bitcoin is a surveillance coin. Post your wallet address and everyone can track it, we can see how much you've got and how you spend it. Although not centralised, transactions can and are censored and therefore it is not fungible. It's a controllers wet dream. With a finite supply, in the future there will be no incentive to secure the network, this is a major problem for bitcoin. Not to mention the fees to use it as currency.

[@mizangii]

the Bradbury pound x

[@kerryl4031]

We ate some of our money this morning - we swapped duck eggs for blueberries and very nice in our porridge the berries were too! Start bartering and stocking up things that can be swapped - coffee or tea is good. Trouble is we still have to get bird feed, although they free range to a point. Years ago when I turned a teenager, my aunt bought me a large silver ingot. Ugh I thought, that's well ugly. I have never thrown it away but I have no idea where it went!

[@f.mitchell5247]

Here here

[@fredcooper6725]

What you are essentially proposing is barter - a system of exchange in which participants in a transaction directly exchange goods or services for other goods or services without using a medium of exchange, such as money. I live in a farming community and barter here is commonplace. For example, 1 cord of firewood logs = 4 large round bales of hay = shoeing 2 horses = 20 metres of sheep fencing supplied and erected = 220 organic duck eggs = 1 live prime fat lamb = 6 hours general labour. The actual rate of exchange is obviously negotiable, but haggling can be part of the fun. It still doesn't sort out the problem of paying your council tax, car insurance, electricity bill or the like but it can have a significant part to play in the household economy.

[@debby705]

Exactly, and what about poor people living in towns and cities with little money and no land to grow anything to barter. Only workable for a privileged few.

[@lsmith992]

​ It isn't that long ago that most people lived in the countryside and had the space and ability so not just the priveleged. We had 1/3 acre that we lived off, with many fruit trees. My dad was a bricklayer and low paid at that time, for the skill. He said it was the lowest paid skill on a building site. And iff it hadn't been for that garden we would have really struggled. The house had been passed down from his parents so it wasn't one that was bought by my parents. I wish I had a decent garden now but when they died the share out wasn't enough to make a difference. I'm still paying the bloody mortgage at 70 and it's a small 70s semi on the edge of a modest sized town.

[@dragonladymusicexperience]

Unless everyone forgets what they've grown accustomed to and embrace growing veggies together, small markets/exchange/ trading skills it's not going to work. Got to get along with your neighbours and all work together. Think saxon village. Actually, I was thinking how many skills have been forgotten through generations. Fewer and fewer people hold those skills like foraging, smithing, woodturning. It's the older generations that hold the key to those crafts.

[@dragonladymusicexperience]

@@andrewdavies7827 working together for the good of all

[@lsmith992]

​@andrewdavies7827 He doesn't unless he learns a more useful skill.

[@iceman1st1]

when i watched your recent video 'is this how the law really works', you are right how they make you the trustee and it got me thinking the banks do this as well when you get a credit card and stuff like that

[@getyourhouseinorder4341]

Just leave enough fiat in the money changers coffers to pay the bills as Richard says when you put your cash in the bank it no longer belongs to you. I actually bought more silver today. Keep some cash at home, buy food that will not perish , silver and gold, another great video Richard. My rabbit hole is now so deep I could mine coal.

[@iFunktion]

Nice video as usual Richard. Could i recommend a book - "Broken Money" by Lynn Alden, she is an engineer and a Macro Economics Analyst and educator, if you google her name you will find many podcasts she has been on. It's a great book documenting what money actually is and how it came about from the very start of civilisation up to the present day including analysis on what has gone wrong with the system.

[@minesadab]

Another good book is "The Price Of Tomorrow" by Jeff Booth

[@mareegeorge8641]

Thanks for the info

[@firestar7774]

Thank u !

[@2handsandwiches]

The tower of Basel by Adam labor is also a good read, central Bank of Central Banks, funding all sides of WW2.

[@charlesoleary3066]

Lyn is awesome, good call

[@stevejacobs9320]

So right Richard, to get outside the system people need to get some gold and silver. Prices have steadily risen as the current fiat currency has continually lost its value due to the governments printing the stuff.

[@2handsandwiches]

Under the gold standard inflation was minus 0.1% for hundreds of years.

[@metalicminer6231]

On the metal market it's around 18 pounds an ounce for silver, but you can't buy it at that price, its around 35 an ounce in reality. JP Morgan have been rigging the market for decades.

[@wickedrc7492]

This is going to happen in our lifetime. We are in serious trouble folks!

[@popsbubbles1242]

I predicted back in 2012, that 2024 would be the year to see silver and gold rise. Simple maths on the debt and IR level show USA $ (worlds reserve), has max 7 to 8 yrs, before collapse due to the debt load.

[@tombinkley2688]

Convert your currency into assets, gold,silver,copper,tools,land (problem here). Must be easily transportable and easily hidden from prying eyes. The problem with land is that it is a fixed unmovable asset. The problem with the others is their desirability when cash is not usable anymore. How do you decide on exchange and for what? The only solution I can think of is to have government that lives within its means and ONLY SERVES THE PEOPLE. Then you can have a currency backed by gold/silver/land and know it is actually worth something and is a private means of legal exchange.

[@mareegeorge8641]

Remember the old saying don't put all your eggs in one basket?

[@briansmithenergy248]

Respect love and gratitude 🙏. The truth resonates. Thank you for helping and sharing. You are unlimited. The water is magic, Merlin 🧙‍♂️. Pushing forward makes me stronger. Time is now. God’s speed. Respect love and gratitude 🙏

[@iluv2b]

It is sadly true that we have allowed ourselves to accept how supposedly indispensable is our established financial system; the more of us that enter into a mutually agreed form of genuine asset exchange, the more freedom we will have.

[@mikeLTD-zip]

The more you talk shit the more you beleive

[@iluv2b]

Your reply, although inane, may have had a little more gravitas if you'd spelled 'believe' correctly, but your effort is nonetheless appreciated.@@mikeLTD-zip

[@deeannh17]

Bartering to me sounds like a great way to trade for the things we need. You had a guest that made paper thin gold money. That was cool, too. We should all be farming in a way. Even from 5 pots near the window sill and front or back door.

[@2handsandwiches]

Control the food supply, control the people.

[@sirrobinofloxley7156]

I'm sure the idea of barter is a lie, true people may have exchanged at market, but generally, as farmers, people had wealth coming out of their ears... Yes, as they were generally from, or of, farming communities. That doesn't mean the farmer was the only allowed to be wealthy, it means everyone played their part and took what they needed, without question, to enjoy the life everyone enjoyed. It's like a dream, basically, and why not?

[@soozisalt]

Hey Richard... I know what you are saying, but it falls over when you have something that someone wants, but they have nothing you want in return.

[@firestar7774]

Trust me when it is something as simple as food, people will want what each other want! The others are just shiny fake stuff! Can you imagine exchanging fruits and veg with neighbours or even meat!!! People would be in control of their lives!

[@debby705]

Exactly, poor people living in flats or small houses without gardens, how would they fare? It's a romantic idea but unfortunately couldn't really work.

[@debby705]

I would add that I'm not saying that as a poor person, though I don't have all that much money but have a house and no borrowing for which I'm truly thankful. I'm just conscious of all the less fortunate than myself

[@amanitamuscaria7500]

which I suppose is why folk started selling their labour. Apparently, Romans were sometimes paid with salt - hence the word salary.

[@annebeignatborde1832]

That's why we need some form of common bartering chip so that goods and services can be exchanged more easily and independently of government interference. Those that have skills or resources to exchange will fare the best.

[@janetjacks3406]

I think there is a confusion here, though it isn't commodity money as in gold or other solid things and is just token promise notes they still act as settlements of trade and are recognised as such.

[@aion5837]

The mercantile class began in the late 15th century. How do you trade a cow in England for spices in India? Do you know anything about how international trade began? Going back even further the Vikings traded all over the middle-east.

[@helenarichard]

I have gold and I won't be starting a retirement fund with my bank. In Belgium there was quite a scandal during the banking crisis where people realised that the bank had actually invested their retirement savings in the stock market instead of just providing low risk interest. Most saving account recovered after a long period of time though. But even then, with the mega inflation, the value of savings evaporates, plus the bank gets rich from doing nothing. You simply have to invest in gold or other metals, or real estate that you can flip.

[@Virginie-a]

Never trust banks and use cash not cards.

[@Noahsprogeny]

Some years ago I sent a Freedom of Information Request asking who the shareholders of the Corporation of The Bank of England are (a corporation must have shareholders). My request was refused.

[@mareegeorge8641]

Wow!. Freedom of information if we want to tell you 😂

[@amanitamuscaria7500]

I've noticed that some people on this channel are very rude to other commenters. It is unnecessary and spoils the community. I can't help wondering where on earth they were brought up. It is my understanding that a corporation has shareholders. A non-stock corporation may have people who are the functional equivalent of stock shareholders. I checked this online just now, and my memory served me well. So, the refusal of your request for information actually had nothing to do with your IQ. If I ever need legal advice, I hope it will be from someone who is less obnoxious than the contributor here.

[@amanitamuscaria7500]

it wasn't wiki. But thank you for your kind advice. My main purpose was to try and support the person you abused. I have little or no interest in the topic. But in the atmosphere of offering kind advice, can I offer mine? I'm very glad to see that you have moderated your tone somewhat, although it is still arrogant. Good manners costs you nothing. Bad manners and rudeness are coarse, and undermine anything useful you might have to say. You can be absolutely correct, but to no avail because decent people will not take you seriously. In this circumstance, it was completely unnecessary. And of course, the way you behave to others, will attract similar behaviour to you. It leads to an unpleasant life, for you and everyone around you. I hope you can benefit from this. @@50somethinglawyer

[@stevendavis7079]

​@@50somethinglawyer You are full of it The BoE is NOTHING to do with the Government. It is a private corporation owned mostly by the Rothschild family who also own the Fed reserve in US.

[@hubba9865]

The problem with fiat currency is that it can be counterfeited by banksters. It is made by creating debt out of thin air. This way parasitic governments can borrow money and spend it on whatever they want while the people have to take care of the debt. Your bankdeposits and cashreserves also get depleted by this activity. People should create communities and do business paying with crypto, gold or anything else that cant be counterfeited and where the transactions are private, similar to what they do in private clubs.

[@jacksg1809]

Got DWP after my savings that i put by for getting work done on my car and electrics

[@raymondfinch5269]

Gold and silver is king! I'm changing any spare money into silver gods money not fiat currency, people need to wake up quickly before it's to late.great show keep them coming.❤

[@sirrobinofloxley7156]

Gold mining is illegal in England and Wales, thanks to the Crown Statute on that.

[@Jack-hy1zq]

Spot on 👏👏👏

[@mut8inG]

Smart meter deployed here emailed % of daily use which will increase my bill by over 50% next month. Amazing⁉️

[@sunrain4820]

Good Morning 🥰✌🏽💐

[@TheLMC323]

I don't know the code off hand, but here in America, you only need 7 people to form a credit union.

[@jjjackson5183]

We must manufacture, create or grow things people need.

[@sirrobinofloxley7156]

I think it's referred to as the agrarian way of life, as opposed to the industrial way we've been forced into, and the cyber way that's looking inevitable. The cyber/industrial way would/should autocorrect back to the agrarian way, but everytime a super quantum computer is invented and spits out that answer the hawkers that be dump the project.

[@FasolaBub]

There is so many obstacles on the road to real money. There is an credible transformation of the “means of payment” ahead. Not only value is changing but also the form of it. The money form is becoming 100% real and touchless. The abundance of money is turning into scarce money. The world is very slowly choosing BTC Bitcoin. The trick is to choose and use the most decentralized form of it. Without personal research and reassurance many people will go astray. Brilliant comparison to the video technology Richard, the VHS and the Betacam, but this time people will not go with the imposed technology, this time they have to choose for themselves.

[@ahmedkamiss7643]

Very relevant video Richard! I think the greater issue which you eluded to is the need to take control of our lives and future and not to acquiesce to the devices of the cabal

[@atticuskilby515]

Becoming one's on authority, self directing.

[@joaquimpipa4842]

Here’s an idea, why don’t you use energy as money? You might have have to sell some watts that someone will use to charge their electronic devices, or sell compressed air in returnable tanks that someone might need to pump up tires or tools? ? ?

[@glenhill3160]

If you’re not holding, you’re not owning👍

[@conradblackii]

and if you're holding, that's a withheld contribution to the economy. Money taken out of circulation causes economic slowdowns.

[@Antraeus]

In the new world caring and sharing will attract wealth owing to the return of the Divine Feminine! @@conradblackii

[@aureliexvco8156]

@@conradblackii not necessarily. saving and then investing it is good for you and the future of your family, therefore it is good for the economy. It is certainly more responsible than borrowing

[@1rsheridan]

All do yourselves a favour and LEARN about bitcoin BTC the only scarce digital commodity!! Buy and hold - you won’t ever look back

[@mikeLTD-zip]

Fucking crazy the lot of you

[@johngrant5448]

I was telling my colleagues back in the seventies, that seeing how money was in extremely short supply for workers and yet abundant for the idle, we ought to abandon it as a form of reward for our extreme efforts. For example, I could say to my employer, "This week you will provide me with a car". The next week, it could be a different item, groceries furniture, white goods, anything at all. There is no need for a controlled medium of exchange. There is no need for banks,no need for a government, or any other institution that accommodates rich idle southerners. None of them could see my point, and so remained slavery unto death. Thank you for catching up with me after more than fifty years.

[@kychemclass5850]

Money should have these properties. 1) Intrinsic value no matter what the cause of that is, be it a) stability against oxidation (endowing longevity to coated/adorned objects etc) b) colour and lustre c) A resource (catalytic or a chemical reactant), food to keep you alive, shelter even. 2) Rarity - to make it worthwhile having and requires effort to get it - mining it or earning it by labour or by exchange for other valuable goods. 3) Can store value (at zero or near-zero cost) 4) Be easily portable. 5) Facilitate anonymous trade. The balance of those things gives money its value. When these categories are eroded or enhanced then the object representing money has a value that changes. Wheat, barley, sugar, rice, dates. They can act as money they have value (Intrinsic value = food obviously), they are reasonable common so lose out on value here, but can require reasonable amounts of effort to produce them but can can last for a reasonable amount of time hence have some storage capacity and can be traded without necessarily leaving a record. Meat can be used as money but it can be expensive to produce it and it has low storage value (freezing and chilling are costly, smoking / salting generally preserving meat them offsets this perhaps) but in some parts can be rare. That is what money is. As can be solver coins even copper coins. That is the best form of money there is. Those criteria are what makes money and Gold and Platinum are at the top end of this followed by silver, then other metals in the form of coinage. Gold/Silver is pretty unbeatable.

[@Andrew-ce3xc]

Gold is good and we already have loads of it on this island in the rivers and streams around old volcanoes of which there are 7 in Britain.

[@mattmill30]

Richard, when you have the guest on to discuss Bitcoin, you should consider hosting a livestream with audience participation via zoom/phone call-in. The issue with hosting long-form cryptocurrency interviews is similar to the law interviews, where no-one can even agree upon "what is the definition of Common Law?" except in the crypto-debate the participants don't even agree upon the concept/definition of "Law" (e.g. "what is crypto?").

[@heatherAnnwithE]

The bitcoin comments are hillarious. The same clowns who sold the creation of fake money, did not bother selling bitcoin, rather selling the security of bitcoin. Same clowns. Same marketing to the same suckers.

[@philipbant657]

Well Richard if you don't want that paper stuff you call money, I will gladly take it off your hands!!

[@kenh3344]

Mmmmm Think its plastic isnt it .😮

[@derekgordon2498]

Hi Richard, i live in a place where we give veg and meat in exchange for skills and it works a treat, there is no greed, just good will,

[@wayne975]

Barter among friends a start. Invest in learning and any precious metals. Clean burn waste plastic to power the machines that build the foundations for the future.

[@yasmintooth6780]

Yes, predominantly just help each other! To think (in my opinion) of how much more developed and sophisticated all our lives would be if we did that! Any tokens or money on top of that could just be a bonus I guess....

[@Island_Times]

Gold and Silver is king 👑

[@FredPerps]

Money of any description is the root of all evil

[@froglife5564]

​@@FredPerps *love of money

[@vincesnetterton]

It’s not just manifested from no where its manifested on the back of bonds created against our sweat equity…. We are the creditors..

[@metalicminer6231]

It's called fractional reserve lending, you put 100 in the Bank, they lend out 90, it is printed out of fresh air..

[@itsjustspecial3231]

I certainly like your principle Richard. Give me a while and I'll try to come up with a way of doing it. But - meanwhile - if you wish - I'll come and collect your unwanted bits of brown and blue paper - I could perhaps find a use for them.

[@khajiit8221]

But the kids these days can't do math they need an app to tell them everything

[@rapalaron6348]

Telephone junkies, all of them😂

[@trespire]

Dumbed down by design.

[@Richard-r1x7d]

Or English

[@trespire]

@@Richard-r1x7d Gr@merly, aka spyware, is not your friend.

[@Virginie-a]

Kids nowadays learn to bully and gang up

[@alangaillard2988]

Gold has no intrinsic value either, it's just more tradeable, because its purity is measurable. but it has no use, & like an Ipad, you can't eat it.. The only things with intrinsic values are commodities & what is made from them. The Bank of England was nationalised in1926.

[@frederickmuhlbauer9477]

Can you eat fiat notes Fools arguement

[@charlesoleary3066]

You can’t walk around with a barrel of oil. Gold is a store of value and a medium of exchange, its value is derived from the amount of energy it takes to mine. Gold is the only tier one asset because Gold is money. BTC is attempting to be the digital equivalent of

[@alangaillard2988]

@@frederickmuhlbauer9477 The point is, is the value of gold tied to anything more concrete than a notion? Because gold may not be subject to the arbitrary whims of a single regime, let's not fool ourselves that it has intrinsic value. What does define intrinsic value is what you can do with it. If, in times of crisis, I have a store of food, & you have a store of gold, who is richer. because that's the real measure of a store of value.

[@alangaillard2988]

@@frederickmuhlbauer9477 did you not read, "The only things with intrinsic values are commodities & what is made from them.?" I can't eat fiat notes, but I can burn them to keep warm.

[@frederickmuhlbauer9477]

@@alangaillard2988 nonsense Gold is money always has been always will be and I agree having your own source of food and water is critically important

[@robertturner2189]

BitCoin or whatever, is just an 'ear worm' ( remember songs you can't get out of your head and so think you like from subliminal or musical theory gaming ) and indeed in juxtapose to digital Bank Currency, the classic Hegelian Dialect. We'll be voting for labour or conservative next,,,or SDP or LDW or GDP ( :-D ) Other than that , you're bang on the money Richard. Keep it up, loving your take and your solutions are a gift. Thumbs up!

[@jubai12345]

Thank you Richard. worth less metal, value less paper. Will Never Accept Anything To Buy/Sell

[@ciaranflanagan-g9q]

Vobsey needn't to worry about cash when the bailiffs come knocking out comes the bank card from under the mattress, at least he knows value of filthy lucre even paypall as for cash I'm sure he wont be using it just to wipe his arse.

[@campervan-john]

😂😂😂 He talks out of it enough

[@1960ARC]

They are promissory notes and we get those in return for our hard work. You don't get them for free, well most of us don't. So you are buying whatever you buy it's yours in return for your labour. Saying we own nothing is not just silly, but has you where they want you, owning nothing.

[@albundy643]

This is a genuine question, can someone please answer? I am a bit confused, one minute we are saying cash is king, but then we are saying, money is not real, so we need to get rid of it and use bartering? What is is we want?

[@257ian]

Cash is definitely King, certainly right now, we need to use it to block the CBDC nightmare that they're pushing

[@danp9692]

I get the gold and silver thing… kind of. So let’s say I jump on line and invest as much as I can afford on either of these…. Woo…. Then if the internet goes down (entirely possible) and the postal service ain’t running for whatever reason (entirely possible) and basically the s?!t hits the fan….Where’s my gold or silver to barter with? It’s not coming! Love your show Richard, keep it coming!

[@wulliemac6528]

Well can start dealing with the age old Silver or Gold

[@frankdutton9852]

At one point the notes said "I promise to pay the bearer one pound in gold". Those times are long gone. Look back at Germany in the 1930's; folk carrying suit cases stuffed with banknotes to pay for a loaf of bread.

[@MrEdrftgyuji]

These days, they will use it as an excuse to force us onto cards. A £10 note in the 1980s had the same spending power as a £50 note today.

[@johnb203]

Is this a part of the reason do you think that there has been no new promissory notes produced with Charles head on, (apart from a few 50p's) as they know its not worth the time, effort and cost because they are not going to be in circulation for that long with CBDC's being on the horizon ???

[@edwyatt8810]

One of the great things about sequestrating a little gold and silver is that you take your wealth out of the system. Perhaps putting oneself on a sort of personal gold standard might give some protection against the collapse of paper money or the introduction of CBD currencies.

[@mariaking81]

I think the Lake District has it's own coins. It would be a great idea for us all to have our own currency

[@keeblem1]

I loved this video Richard. ❤

[@astony7054]

So many great comments about trading and bartering about gold,silver,ect but consider this for a moment, what is the most precious thing on this earth besides all of these things? Its us our souls are what's being used for trading From the Cradle to the Grave am sure that some people can and have worked it out by now the world don't run on things it runs on us because we are not running it..just a thought peace and love too all. ❤

[@Carolrose1111]

Absolutely cash will go buy not yet and this give us the time to research who’s trading with what and start trading in different ways which will include gold and silver

[@semfor22]

Great review Richard, Don't know anyone who asked for CBDC or anyone who wants it.

[@alexbetts8291]

We are all facing the fight of our lives for survival,, lets just hope the mental vicious city dwellers dont have the skills to get out of the concrete jungles too quickly

[@puremusicdaz]

So here's the thing: gold for savings, silver for barter - all agreed. What we don't have are the networks of businesses that will accept silver as payment. Without the businesses that we all need, this is a pipe dream - tesco ain't gonna take silver. But we can take our business elsewhere. Calling all entrepreneurs...

[@lynxau]

Hey Richard If You Dont want that money Could post to me in Australia.....lol...Thanks mate...Keep up the great work you do. Your money is worth alot more than ours.

[@uncletom1971]

.. well Richard, money has value. As long as other people think so and live by it. Though I love your free thoughts, which by the way are very valuable ;)

[@LAMBDRIX]

We should never of allowed our monetary system to of been taken off of the gold standard period! We should never of allowed Mr Brown to sell off the UKs gold reserve also!

[@musoseven8218]

The only thing that is real are commodities such as; gold, silver etc, possibly even property, anything that you have in your immediate possession.

[@vincentswift7]

Banks like things like barbers or hairdressers as good businesses they don't mind how many there are because they provide what is more necessary but even they are not perfect if everybody does it themselves

[@colleenlouise4521]

in early america, people bartered or labored for goods.

[@WTU208]

Fiat currency or promissory notes only hold value until they print the notes into hyperinflation as per Zimbabwe 'one hundred trillion dollar' notes.

[@PeterJavea]

Since your video not long ago which talked about Goldbacks, I have been seriously looking how this could start over here. Real money, credit based, not debt....

[@Richard-zg9kp]

When you trade you pay tax, in the future, trading in stuff, even on different sites you will be classed as a trader , and then be taxed.

[@franksmith6637]

Richard you had the answer its the goldback give it a good plug👍👍

[@roymillsjnr5172]

Let's remember humanity bartered for ages ,apart from some that dealt in money ,but they was usually silver or gold ,but we do need our own banks , and build up out of it ,the community trust fund, and we help each other out of our own money ,you don't need a credit score , just nice people that know you from your area .

[@atticuskilby515]

We are slowly moving into a currency free society, although many of us will not live to see this in its developed form. First, we must recognize that the system of currencies, whatever form that they present, is a facade. This does not determine our worthiness as human beings. This is so engrained in our psyche that it will take time to unravel it all. Abundance exists in many forms--human creativity and ingenuity is at the top of the list. We have been stifled for so long and it is time to move out of the containers and create our own destiny. I have no doubt that this will be achieved. A new world awaits. We are experiencing the final dissolution of the old to make room for the new. Are we ready?

[@cliffordhammond01]

Wonder if the digital currency is being forced in. Could be why Sainsbury has started to close its banking department, is it that they would have to buy into the digital banking.

[@charleshindley-lange-pw2sw]

It’s all a load of old bollox, while we’re all ‘buying’ into it well😊. I’m trying to not be bothered about it 🎉

[@STARZldnlyfe]

Please do a video on housing

[@Beyondtheherd]

Like your video on the courts isn't it time to shift the position , so we are now the bank , just like being the judge , we are in control not someone else.. but yes definitely need to not put our trust in "smart" or "digital" as this can be turned off or the power can go out..

[@mut8inG]

Electricity-hummmm…I’m not going back to candles any time soon.🌸

[@gentleman3602]

Richard, I read that the Earth do not produce metal, it went on to say that gold comes fm space?. 🙄

[@ljessel6612]

Good gardens are king - silver can access them.

[@jmc1000mickey]

Funnily Vobey askes for cash to "join" his gang. Maybe you could send him a chicken

[@davidellis1079]

Harsh! 😂

[@majestic1263]

love this

[@mrtiabrown]

Wow an Advert for Gold and Silver on US and Canadian tv all the time

[@Richard-r1x7d]

We could adopt the leaf as currency

[@carolberry2239]

Richard, the only way to invest is in your skills. These can not be taken away from you, are eternal and can be traded at any time.