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  22. The British £1 Note - The True Story (Condensed). Now. The reason that the 'British £1 Note' originally gained its name. Was due to the fact that the 'Paper Note' represented ownership of 'Twelve Troy Ounces (1 Troy 'Pound') Of Physical Sterling Silver Coins'. With 'Sterling' of course referring to the level of the 'Purity Of The Silver Coins'. With that purity being 92.5% Silver and 7.5% Copper. Hence the name 'A One Pound Note'. IMPORTANT - The Note Was 'NOT' And Never Has Been 'The Real Money'. The 'Real Money' (The 'Silver Coins') were stored in a bank vault. And the 'Notes' (representing ownership of 'The Money/The Silver Coins') circulated in the wider economy. Mainly to save us from having to carry a large amount of 'Weight Of Money' (of Sterling Silver Coins) around with us. And yes. We were then able to take a 'One Pound Note' into a bank. And they were obligated to give us the '1 Troy Pound Of Physical Sterling Silver Coins (The Real Money) That 'The Note' Actually Represented Ownership Of. A situation that continued until the British people eventually 'Fell Into The Trap' of mistakenly thinking that 'The Notes Were The Money'. At which point our political leaders and their banking overlords 'Completely Removed The Physical Sterling Silver Coins That Were Backing The Notes From The Economy'. So allowing them to 'Print Astronomical Amounts Of Paper Notes In A Large Variety Of Denominations'. A move which 1. Allowed our government 'To Begin To Live Wildly Beyond Its Means'. And 2. Allowed the bankers to create 'An Unlimited Amount Of Debt'. Debt that they 'Create Out Of 'Nothing' And Then Charge Interest On'. I mean. Britain is now 'Totally Awash With Debt'. Both on a 'Personal And A National Level'. And no one ever asks the logical question. "How Was This Actually Able To Happen?". Well, now you know. And now you also understand the important difference between 'Mere Currency' (The 'Notes'). And 'Actual Money' (The Silver). A harsh lesson that the vast majority are just about to have to 'Re-learn'. As the 'True Value Of An Unbacked British £1 Note Is Once More Realized'. With that 'True Value Of Course Being As It Is 'ZERO'. 'ABSOLUTELY NOTHING'. Best wishes to everyone 🙏 Andrew.
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