Its all electronic now, paper is obsolete.

They are receipts for Gold, held in storage. now the link is severed, they are worthless.
Just because no one realises the scam and you can do your shopping with it, does not alter the facts.
If the Bank lent me £1000 Pounds worth of Gold, then I would Owe them something of value, as it is they lent me worthless paper, credit is simply thin air that they conjure up as a debt the moment they decide to lend you the 'money'.
Its like you coming to me to Borrow £10,000, I make the figure £10,000 appear in your bank account, but I don't have £10,000.
It just an electronic number.
But wait you say, I can with draw the Money from the cash machine, yes you can, there is a certain amount of worthless paper currency out there. So its a trick, yes, a few people can withdraw Cash.
But if too many peopoe try to withdraw at the same time, then there is a problem, the scam is exposed, that is why the Govt had to step in with Northern Rock.
The Banks Never had the amount of cash that they say they have lent out in the first place.
It is called Fractional Reserve Banking, they Lend out TEN times more 'money' as credit than they actually hold on reserve.
IE they lend out Each depositors money to TEN other People, charging them 8% EACH.
It is a Scam, concocted by Westminster and the International Banksters.
It really is that simple.

They have the Gold, we are left playing with the receipts.

Give me control of a nations money supply, and I care not who makes here laws'.
Congressman Ron Paul trying to get the Message out. http://uk.youtube.com/results?search_query=ron+pa…

Here is how the Media Machine Silence him. http://uk.youtube.com/watch?v=7iW5kOB1pmg

Most People Believe that the Federal Reserve is a Government Body, in fact, Just like the Bank of England, it is Neither Federal, and neither does it have any (gold) reserves.
It is a Private Company, run for Profit.
http://uk.youtube.com/watch?v=QlIhhYGujoQ

However the ultimate solution to recession will not be by juggling with money but by improving our productivity. If government said they were going to allow the building of as many nuclear power stations as the market wants, producing electricity at 1/4 of the present price like France does & starting tomorrow, it would do far more for investor confidence than all the cheerful speeches in the world.

"community multicultural integration strategy conceptualiser"

Reply: I set out my view on this in "Freeing Britain to compete". David Cameron has said we need to get powers back from Brussels.

Money is real too. I don't knwo about you, but I don't regard my salary (paid in £) as 'worthless paper'.

I've just successfully exchanged £15 of it (about one and a half hours work for me) for 20 stubby bottles of lager, a joint of belly pork and a DVD I wanted.

Someone had to brew the lager, blow the glass bottles, man the checkout, rear the pig, butcher the carcass, pack the meat, build the refridgerator it was kept in, write the script of the film, do the lighting, act it out etc etc.

I certainly don't regard myself as a slave, I enjoy my job most of the time and 90 minutes work is a fair exchange for the fruits of everyone else's labour I've just purchased as far as I'm concerned.

These kind of paranoid narrow-minded consipiracy theories are understandable given what is happening, but try to sit back and think about it logically.

Regarding what you say, I don't think Pensioners can wait until 2010. Neither can the nation wait. It's a scorched earth policy and we don't deserve this fate. We've been poisoned and the medicine will taste very nasty – I do hope, Mr Redwood, that your proposals on deregulation will be adopted by the incoming Conservative government. How many laws will a Conservative government overturn?

Reply: An Opposition can table a No Confidence motion if it wishes. We do not do so, as it would unite Labour and highlight how massively outnumbered we are when it comes to a vote. They are much more attractive and useful when there is the prospect of winning the vote.

Either there are two many for sale or nobody wants them. Snag; having Johnny Foreigner own most of your country means when the going gets tough, Johnny flogs his bits of dear old Blightie; swaps his pounds [now falling in value, see above] for dollars; waves two fingers and urinates off, back home.

On the bright side, think how cheap are manufactures are going to be for exporters. Our current account negative balance has to improve, whoopee. Snag; we don't actually make that much to export. Another snag; Mick the Maker can't get that bank loan to up his output.

We all know from our site host that there are a lot of government IOUs we will have to pay the interest on soon. Our banks have a lot more toxics on their books which will vomit out soon. Commercial paper defaulters – company debt – credit card debt defaulters; and all those personal loans for that fifty inch plasma TV; about £1300 billion worth.

So how do we tell the world we are serious about fixing the problem. We have to cut NOW, a £100 billion out of public sector spending; that's a million employees and the three pounds they each spend for every pound we pay them. That means repealing/suspending a lot of legislation that adds little value for money; has no value in the lifeboat when the ship is sinking.

The five-a-day outreach officers and their like have to go. Any state employee who is not dealing with the primary basic type services – emptying bins etc – has to go NOW. Those involved in the future conceptual like, local development plans; community multicultural integration strategy conceptualiser, have to go NOW. Paying unemployment benefit is a lot less than what we are currently paying them.

Suspend all employment laws; going on strike means summary dismissal; grievance procedures, in the bin. Fall off a ladder while installing a fire alarm because, "you were given the wrong ladder", sacked for incompetence – not knowing he had the wrong ladder. Then watch productivity rise overnight.

[Acorn is not knowingly related to Richard Littlejohn of the Daily Mail but is probably his biggest fan].