what a clever scam by the royal mint

accyman · 08-03-2010, 16:34

Quote:

Have a look in your wallet: any £20 notes with the image of Edward Elgar on them will not be legal tender after June 30 this year.
This means that shops no longer have to accept the notes, and it is up to banks whether they agree to swap notes after this date.
From July 1 only notes with the image of Adam Smith, the Scottish economist, will be legal tender. These notes first came into circulation in March 2007.

so if banks can simply refuse to exchange them how much money do you think collectivly could be lost on a banks whim ?

surely banks shoudl be force to exchange them shoudl you find yourself in possesion of a discontinued £20 note ,i found about eight £1 notes many years after they were discontinued and teh bank took them no problem so whats changed ?

it just seems to me a very good way for the bank of england or whatever to keep hold of a few quid by making some poor sods money worthless and unredeemable unless they actualy send them to teh bank of england its self

there are many ways you can find yourself with discontinued notes after teh date of change passes and not to redeem them with as little fuss as possible is unnaceptable in my opinion

also who teh hell is Edward Elgar the only person i know from any given note by sight is the queen i couldnt say just by looking who teh others are lol

Wynonie Harris · 08-03-2010, 17:58

It's a cracking excuse for the next few months, though: "Just look at that, love, you've got an Edward Elgar in your purse. Tell you what, I'll take it down the pub and get rid of it for you. No, no, no...don't thank me, I'm doing it for US"

shillelagh · 08-03-2010, 18:11

I dont see them that often .. only normally in spugs wallet .. so it wont bother me!!!

mattylad · 08-03-2010, 18:18

Well advertised isn't it

DaveinGermany · 08-03-2010, 18:24

They're probably referring to Sir Edward (William) Elgar 1857-1934. famous for his Enigma Variations, but probably more renown for his Patriotic "Pomp & Circumstances Marches" (think last night of the Proms) all jolly British & stiff upper lip stuff. But probably banned now by some swipe in an office as we'll bloody well upset someones, sensibilities somewhere across the known World.

Rule Brittania, but not round here though ! Probably still safe in the Falklands

accyman · 08-03-2010, 18:44

thing is how many times do we need to change the dman look of our currency , with each mew note its begining to look more and more like those damn euros

DaveinGermany · 08-03-2010, 19:31

Quote:

Originally Posted by accyman

thing is how many times do we need to change the dman look of our currency , with each mew note its begining to look more and more like those damn euros

Isn't that what your man Brown wants ? wasn't that Blairs stated aim ? and the dark Lord Mandelson, is he not right up the crack of Europe reassuring the bleater's about UK's tardiness in joining the fraternity fully ? The "United States of Socialist Europe", because once all the doors are shut & there are no bolt holes to hide in, what do you think will happen to our Independence & Sovereignty then ?

Tealeaf · 08-03-2010, 19:58

This evening, the pound closed at 1.10 euro. It is not implausible that we will see parity within a few weeks. I don't suppose then it will matter what new notes are printed; all Brown and his chums will do will be to peg the rate at 1:1, let the Euro take over and shift blame for all our economic woes on the Common Market.

accyman · 08-03-2010, 20:02

yet aother case of the govenment sneaking things past us because they know if asked the majority of people will reject it.

im begining to think it would be worth suffering a tory govenment just to get rid of mandleson he is an evil minded crook yet his career just wont die its liek hes teh living dead hell bent on teh destruction of our rights and liberty.Hes even trying to pass laws that insist our internet providers log every keystroke we make on te internet and what content we look at

Wynonie Harris · 08-03-2010, 21:02

Quote:

Originally Posted by accyman

im begining to think it would be worth suffering a tory govenment just to get rid of mandleson he is an evil minded crook yet his career just wont die its liek hes teh living dead hell bent on teh destruction of our rights and liberty.

Well, the electorate voted him in...oh hang on a minute, they didn't, did they? So much for the Labour Party's commitment to democracy!

Mancie · 08-03-2010, 21:21

Quote:

Originally Posted by Tealeaf

This evening, the pound closed at 1.10 euro. It is not implausible that we will see parity within a few weeks. I don't suppose then it will matter what new notes are printed; all Brown and his chums will do will be to peg the rate at 1:1, let the Euro take over and shift blame for all our economic woes on the Common Market.

..Oh how we tend to forget the past... perhaps we should re- join the ERM ..Thatcher and Lamont's doing... the closest this country has ever been to joining the Euro!

Chancellor Norman Lamont raised interest rates from 10% to 12%, then to 15%, and authorised the spending of billions of pounds to buy up the sterling being frantically sold on the currency markets.

BBC ON THIS DAY | 16 | 1992: UK crashes out of ERM

Benipete · 08-03-2010, 21:31

I Think you are all being a little unfair on this subject,How long do you think it takes to change your old £20 to the new ones.

In my case it took a short time,but then I didn't have thousands stashed away or is it millions.

In any case the deposit boxes are now or shortly will be empty and the lumps in the mattress will have disappeared.

In Spain when they changed to the Euro there was that much dodgy money about no one knew what to do with it but they coped.

Is it four years? Can't be far off. You can call me septic if you like but I know what's what.

Tealeaf · 08-03-2010, 22:33

Quote:

Originally Posted by Mancie

..Oh how we tend to forget the past... perhaps we should re- join the ERM ..Thatcher and Lamont's doing... the closest this country has ever been to joining the Euro!

Chancellor Norman Lamont raised interest rates from 10% to 12%, then to 15%, and authorised the spending of billions of pounds to buy up the sterling being frantically sold on the currency markets.

BBC ON THIS DAY | 16 | 1992: UK crashes out of ERM

Aye, we do forget the past . I seem to recall it was Lawson who began the policy (unbeknown to Thatcher) of shadowing the Mark back in 1988 or thereabouts; formal entry into the ERM did not occur until late 1990 and within a few weeks Thatcher was kicked out by her own people and it was nowt to do with ERM membership. The Black Wednesday debacle was not until 1993, by which time it was Major and Lamont running the show. Despite their incompetance, it was probably the best thing to happen to the British economy.

The billions spent by Lamont is, of course, total chickensh*t compared to the hundreds of billions which have now been peed away by Brown, Darling and the rest of this diabolical crew, not forgetting the 200billion they have just printed off through 'Quantitive Easing'. God alone knows what effect this will have on inflation once its worked it's way through the system. You can shortly say goodbye to the UK's triple 'A' rating, interest rates will be through the roof and if any of you have any sense, you'll emigrate before the UK ends up a third world country.

Mancie · 08-03-2010, 23:16

Entry into the ERM did happened in the leadership of your glory days of Thatcher and her so called anti european cabinet.. all this from a tory government that mashed up the economy of this country within 3 years of a recovery that should have lasted for 30 years from oil revenue.
That day (black wednesday) was the bleakest in any economic downfall of Britian.. and to defend those who brought that downfall is a disgrace.. but then you are a ******.

garinda · 09-03-2010, 00:18

If you Tippex a wig on old Eddie, no one will be able to tell the difference.