THIS IS WHY My Bank STOPPED me Buying Gold & Silver From The Royal Mint - For Fear Of FRAUD!
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- เผยแพร่เมื่อ 18 ก.ค. 2023
- #Gold #silver #bank
In this video, we explore the challenges that many people face with the modern banking system. We'll delve into the reasons why this process can be so difficult and frustrating, and how it relates to the concept of owning gold and silver as a means of being your own bank.
We'll start by examining the current state of the banking system, and why banks are becoming increasingly resistant to allowing customers to withdraw large sums of cash. We'll also take a look at the historical context of this issue, and why it has become such a hot-button topic in recent years.
From there, we'll explore the benefits of owning physical gold and silver as a means of preserving wealth and protecting oneself against economic uncertainty. We'll discuss how these precious metals can be used as a store of value and a means of exchange, and why they are such a popular choice for those who wish to be their own bank.
Throughout the video, we'll hear from experts in the field, as well as individuals who have had personal experience with the struggles of withdrawing cash from their bank accounts. We'll also provide practical tips and advice for those who are interested in exploring alternative financial strategies, such as owning gold and silver, and becoming their own bank.
So if you're curious about the challenges of getting cash out of a bank, and want to learn more about the benefits of owning precious metals as a means of financial independence, then this video is for you. Join us as we explore this important and timely topic, and discover the power of being your own bank.
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Topics covered in this video:
banking, finance, gold, silver, precious metals, cash, wealth preservation, economic uncertainty, financial independence, store of value, means of exchange, alternative finance, bank withdrawal, financial strategies, personal finance, financial system, economic trends, global economy, investment, asset allocation, monetary policy, inflation, deflation, wealth management, fiat currency, currency devaluation, financial education, financial literacy, monetary history, financial freedom, financial planning, asset protection. - บันเทิง
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They don't want us buying or possessing bullion.
The only question you need to ask when considering the pros and cons of cbdc is this,
Do you trust this government and all future governments not to abuse the potential social control aspects of this new technology?
If the answer to this very simple question is no then the only course of action to take is to not allow them the power in the first place.
It will be the greatest transfer of wealth in the history of man, all the wealth of the world will be linked digitally and controlled by the few...You vill own nothing und be happy.
Other than quick settlements what are the pros of a cbdc that has zero demand? PayPal and other platforms already have instant settlements already.
If you've been alive and aware over the past ten or fifteen years you already have the answer to your question...
@@lessthanpinochet
PayPal quite out of the blue recently stole $10 from my account and has refused to return the money or allow me to close the account….
I suspect "the computer says no" will be increasingly prevalent over the coming years across all fields. And everyone will insist it is "for your safety".
Yet allthough he sees what happens and the bankster's plans are out there in the open...He wont take his money from this bank! That's why we will all go down.
Exactly. It's about control and limiting your spending not about safety. Kind of like a slave master controls all aspects of their slave's lives.
Oy! Think of the children!
would the banking system be able to tell any of us how when or why we spend our hard earned money if we all stopped putting all of our money in banks causing them to either do banking how we want them to or go bankrupt? seriously we have a voice and the only way to effect change is to symply refuse to use what they offer on a mass scale.. when they start losing thousands or millions of bank accounts they lose the power to tell you what to do with your money..we can stop this but we need to stand together and use our voice OUR MONEY!!!!
Absolutely !
Exactly right….
We will of course be tested and must bear with whatever trials come our way, standing our ground gracefully until they pass.
If we do not honour ourselves by putting up a fight for ourselves on principled grounds, these characters will move in on us like an avalanche….
What this entails for me is committing ourselves to and living a minimalist ethical debt-free generous natural existence that does not deplete us or our world or prey on or exploit other beings for the sake of our comforts and appetites no matter how trying our circumstances are-an existence that is friendlier to our collective wellbeing, security, and health….
For nothing, but nothing, experience surely has shown, protects us more than our treading lightly on this earth with a kindliness and open hand….
Boycott Nat West, the same bank that cancelled Farrage
moved alot of money out of my NW acct the other day.
Yup closesd my account with them last month because of all the woke rubbish they push
Yes boycott Nat West... but hey, Farage was a nobody anyway!
@@WhooshFlyingHorse444Really?? the most infuential politician of the last 30 years
And LBC radio think that Nigel is spoilt kid. It just tells what these people at LBC are all about.
CBDCs! Just wait till you are more than 15 minutes from hone and your card doesn't work! You cannot program cash!
We try to tell them eh !
Guilty until proven innocent then mate. And yes, that bank🙃. You may see the need for their actions, but this is just the start. They are just pushing to see what you/we will put up with. Use other banks/building societies if and when possible. Thanks for the update on your sticky state 😁
Thanks for the comment!
I use Natwest as well. The two issues I have with them is there is no human override and there is a lack of transparency. I went into a branch to make a transfer to ensure there were no issues and was told that the chance of the transaction being blocked is the same if they do it. It seems strange I can be standing in a Natwest bank telling them to move my money but the transaction can still be blocked. There is also no way of knowing what kinds of transactions might get blocked because their descriptions are vague. I am too heavily locked in to Natwest and moving would be difficult so I have to keep the accounts. However, after getting their last email telling me they reserve the right to limit payments without consulting me, I did open another current account and moved money out of my Natwest accounts. I think having all your money in a single bank is a bad idea at the moment.
I would also open bank accounts in other countries, particularly non-Western and non-Western proxy countries….
We shouldn’t in any event have to be held hostage to anything. Here is a copy of something I posted in this regard a little earlier in response to a post here.
‘Exactly right….
We will of course be tested and must bear with whatever trials come our way, standing our ground gracefully until they pass.
If we do not honour ourselves by putting up a fight for ourselves on principled grounds, these characters will move in on us like an avalanche….
What this entails for me is committing ourselves to and living a minimalist ethical debt-free generous natural existence that does not deplete us or our world or prey on or exploit other beings for the sake of our comforts and appetites no matter how trying our circumstances are-an existence that is friendlier to our collective wellbeing, security, and health….
For nothing, but nothing, experience surely has shown, protects us more than our treading lightly on this earth with a kindliness and open hand….’
When you spend £20 in cash it goes from one hand to the other.
When you spend £20 using a card the value reduces with every transaction through fees.
The reduction straight into the pockets of banks and out of the pockets of everyday people.
Here's a quick primer on what's wrong and what to do about it.
ALL fiat currency is debt, that's the only way the Fed makes it, whether through government bondage note, or private bank loans.
Bankers have developed four practices that
are unsustainable and catastrophic.
If we dont understand the causes of a problem we will address the symptoms or actors, not the causes.
1st. Large private and Central banks have obtained the Exclusive franchise to create ALL new Currency as Debt, at interest.
An increasing population needs an increase in currency, but it is ALL created as a debt to the Central Bank, bearing interest.
This indebts the whole world, every person, every government, in totally unpayable debts, ( because where can the interest come from) enslaving us all to bankers through personal debt or ever increasing oppressive and unjust taxation, permits, licences, registrations, regulations, rates, duties, fees, fines, levies, surcharges, adinfinitum, of which an increasing volume goes straight to the debt creators, who created it for free. (At zero cost to themselves.)
2nd. Because of the first fault, (wherein a Central bank has the Exclusive franchise to create ALL new money,) and they attach interest to it, (which they do not create) they must continually create more currency to pay the interest on the last round of debts and to resupply liquidity as debt repayments suck the currency they created out of the national economy.
The volumes of the booms and busts are totally unnatural and the economy should follow population growth.
Inflation, (or rather, devaluation through deliberate currency oversupply,) is intentional and destructive to all but the rich. There is virtually no limitation on fiat currency creation.
Adding to this is fractional reserve banking wherein private banks effectively create massive new Currency volumes, (but its onky temporary because it's all debt) blowing bubbles (in housing/CRE/stocks) which devalues everyone's savings, work, 401k & pension, by raising all prices.
We call this inflation, but it's really devaluation of your savings, time, work.
Shrinkflation further adds to our reduction and desolation.
(Did you know the only time our society gets some real new Currency ? It's when someone goes bankrupt and can't repay the banks what they borrowed. )
The fix ? The first step is to end Central Banks and return to Sound Metalic Money.
This will slow the rate of currency creation and make it much more difficult to devalue our wages and savings by currency 'printing.'
The 2nd step would be to legislate that banks publish their reserve ratio. So if they have $100 million on their books in deposits, and $50 million in loans, that's a 50% reserve ratio. We could legislate a reserve ratio, and by openly publishing this people can choose the risk level they are willing to take.
This will change banking and we need to change banking, because it is destructive. The banks wont be able to make as much, and that's a good thing.
We need to make money anything the people want, but legal tender must meet Metalic standards under the office of weights and measures, and national and state treasury departments and mints could produce and release real intrinsic value Money.
This will not create inflation like some bankers/economists would have you think.
It is not who creates currency that drives the Constant devaluation of your work & money, it is THE VOLUME per population/ productivity.
The banks increased the base currency supply by over 65 % since March 2020 & 300% since 2008. This was multiplied as deposits were rolled back into cheap real estate loans creating bubbles, which further lever up equity to back more loans.
You can't spend it off planet, and we've had no increase in population or productivity. How can it not devalue our savings, wages and retirement funds by a similar % as it enters the economy ?
3rd problem. Fiat currency whether paper OR DIGITAL has no intrinsic value, thus it cannot be used as a long term store of value, particularly in an ever expanding fiat system. Taxation and the 'legal' currency label attached to fiat creates artificial demand for fiat currency.
The fix ?
Return to Silver, Gold, Copper & Nickle currency, designated by weight, not cents/dollars. These will find their own local value. These can't be printed to oblivion, have intrinsic value, and are a safeguard against bankers counterfeiting. Continue to keep the manufacture of Gold & Silver rounds by private mints & foundries to help keep government mints honest.
Do not allow bankers and economists of the current system to con you into believing there isn't enough Metalic Money. You float its value, mint it by grams and ounces and you have a Gold and Silver backed currency. Same with Copper & Nickle. Mint 10th ounce, 2 10ths, 5 10ths and 1 ounce and grams in 1 grams, 2 grams, 5 & 10 grams. Never give it a 'value number,' which is a lie. Give it its weight & purity, and let the market decide what it will buy. Call it 'slow money," like 'slow food.' It's slower for sure, but it's 10 times better for you.
Probably necessary to nationalise mines & pay shareholders out in metals. We are aiming at a more just, more perfect union, and that requires we treat shareholders justly and make them whole while preserving a mining and exploration industry. So gently, thoughtfully, carefully on this one.
4th. The 'World Bank' and IMF are your friendly international arms of the Federal Reserve, who loan worthless US currency invented at zero cost to enslaved nations of people to purchase necessities, when their own commodities or worthless currency would do just as well. This ensures the indebtedness of nation's simply to survive.
Correct these 4 Principles and >80 % of a nation's problems would disappear.
Do not allow your masters the Debt slave creator's to tell you it can't be done. They are not seeking your best interests, but theirs. It is easily done.
Beware. The FED, IMF, WEF wants you totally enslaved with Digital currency. Convert your garbage fiat currency into Gold and Silver or prepare for destruction.
Come to think of it, you better prepare for destruction anyway, because humans are animals and always learn the hard way.
The bankers motto is : 'Preserve your Capital at all costs.' The bankers are buying Gold. We the people can afford Silver.
Good luck.
Remember all wars are bankers wars *
You read into Cestui Que Vie’s and the bills of exchange act?
@@Divinitatem No. Do tell ?
Think this whole 'Computer says no' thing could actually become a lot more prevalent when we would have to use CBDCs...
What else is the point of it
People are transferring their money to banks abroad that are in countries where they are not doing the CBDCs stuff.
Hey Backyard Bullion, that's one of the best, most revealing and enlightening videos I have seen.
Thank you so much for highlighting this, your personal matter which could well have ramifications for all of us.
Big thanks.
Keep up the great videos.
Thank you kindly
Bro, they (the RBS Banking group - Natwest, RBS , Coutts) restricted your freedom of choice to transact. Using your money. Why would you support CBDCs as a good thing? That’s more restriction and control. Like your videos but you are sleepwalking now.
To be not afraid of CBDC is in my opinion crazy
I have just been a victim of fraud and $4500.00 taken from my bank account. Canceling bank accounts and having to get new cards etc is a time consuming pain in the butt for sure. Of course it has to happen a week before I am traveling to see family for a week in Manitoba. It is a sickening affair indeed. By locking your account up like that is inexcusable and should have been addressed at that time so as not to inconvenience you and possibly label you as a risk. It can happen in a moment and take weeks to straighten things out. Good post old friend.
Very interesting video and has made me think very hard about other ways to purchase my coins without using my debit card .
I use credit cards when there are no fees involved.
I also use PayPal sometimes but it makes me think that banks are playing a dangerous game telling me what I can and can't do with my money.
CBDC'S GIVES THEM TOTAL CONTROL
@@Pl89uk yes and it's scary
PayPal is no safer. They arbitrarily stole $10 of my money, refusing to return the money or allowing me to close the account when I asked. And I think they did it just to let me know they can….
Some banks have the word "trust" in their names - or at least, used to.
Ive banked with Natwest since i was young and have always been happy with them. When i was struggling i stopped paying a credit card i had with them, owed a good few grand, had a few letters off them but they never persued it, never sold the debt on and they didn't close my account which i fully expected them to do, a few years later they set up a special account for me that involved 3 bank accounts, 1 for bills, 1 for the money i had left for food purchases etc and a savings account that never saw bugger all deposits lol to help me get back on my feet, a lot of respect for Nat West, they could have kicked me hard when i was down but they actually helped me.
I can relate. I have been having all sorts of problems with RBS (part of the Natwest Group) over the past couple of months. I bought my first home 3 months ago and it seems to have sent their security team into overdrive. They blocked payments at my dentist, starbucks and to my electricity supplier (among others), all on the basis that it was for my own safety. When I asked them if there was any rule to the payments being blocked, they told me that I may/may not be breaking rules on my account, but they can't tell me what these rules are for my own safety. I am just lucky that I still have the option of cash as a back up, but in a cashless society I would basically be unsure if I can make any transaction. This isn't how banking should work.
“The idea of banking-related control…. It’s just not going to happen” said just before the Coutts scandal where banking-related control due to someone’s political ideology was clearly exercised.
Ps sorry to hear about the issue with NatWest.
this happened to me too!
Fraud prevention is important of course but the banks need to use detection methods that are much more effective and do not cause worry and anxiety to customers.
It's happened to me on a couple occasions. I've been told I can't buy from a bullion dealer. I've had transactions that already went through cancelled without my knowledge. They don't even bother calling you.
Thanks for the update. My late Grandad was a manager at Natwest. I'm sure he'd be disappointed at this level of service. Having said that, the banks are having a hell of a time with fraud prevention so I do have a little bit of sympathy. But when you're buying things (like new RM releases) that are first-come, first-served then it's so frustrating to miss out because the bank blocked the transaction. Perhaps there could be a way to tell your bank in advance that your planning to make a big purchase on a certain day and get it pre-approved to avoid the fraud check being implemented at the time of the transaction.
Banks don't care. Take your money out, or lose it.
No! I don't want my bank to pre-approved a transaction of my mind. I don't want them at all to have a say on how, when and to what i ll spend my money to. They are just the medium (unfortunatelly). They should shut the f up and do their job.
Doesn't smell quite right to me, which I guess is what you'd expect. Thank you for sharing. Natwest. Starting to get on a bit of a roll.
This had made me want to reach out to my bank, as l use one for day to day but the other uses milligrams of gold which l use to buy gold/silver etc..
Thank you for the heads up!
I had something similar happen with an Australian bank - the difference being that the bank sent me an instant notification to my banking app for me to confirm whether or not the transaction was genuine. When I confirmed that it was, the bank honoured the transaction.
The best outcome from this is your donation to a worthy cause. Well done 👍 BYB.
Get your money out of the bank, just leave in enough to pay your bills.
Well…..they probably watched this video where you said “gold and silver will NOT protect you during a financial collapse.” They’re just trying to protect you from yourself.
There's a law for the rich and law for the people like you and me
Law for rich laws* for us. Plural lol
Anybody who has gold and silver during this economic turmoil will be joing the rich, gold is a vaccine to their plans of complete financial domination. People with gold will be able to buy whatever they want while those with millions in their accounts will only be able to buy a few tins and a loaf of bread...like in Weimar Germany...
I have literally been asked about an above 5k purchase in a 12 month towards an on line bullion site. This has also been asked in the past also but I do find the banks seen to be asking more questions about my spending and withdrawals
wait until we need to register all gold and silver purchases that will come soon
That won't happen, that's for sure.
Licences issued by the Bank of England in respect to gold bullion possession, 1966-71.. it was illegal to possess more than 4 gold coins without obtaining a licence from the Bank Of England..I applied and got one but could never afford to buy any!
I heard the bank of England been doing this alot.
I used to use NatWest stockbroker services some years back other than that not used this Bank for years, just got me the 2023 1/4oz gold Coronation coin from BbyP the one showing the CR its a nice coin, thanks for sharing the follow on.
Liked the video. Agree, no need go get rid of your bank straight away, although what their sister company did to farage and many other cash running businesses is criminal and indeed moce toward authotirtarian state of control. Its sloe, so you cannot see if. When you wake up in one it might be too late.
I use another bank and have had the same issue with purchases off Royal Mint from time to time, makes me wonder if it isn't the payments side: Visa putting in the blockers and hence why the banks so wooly on why certain purchase are being blocked as its not in their control? Otherwise its quite baffling that they have a blackbox of an algorythm running the show.
It does not matter which bank you use, if they have detected a high level of fraud with a certain category of transactions then there will be a higher chance of them blocking the transaction. When someone does try to defraud you and this has happened to me twice with Natwest they picked it up and blocked my account and contacted me to check if the transactions were genuine, which they were not. So worked out well for me.
The Royal Mint is a potential fraud? How paranoid is the bank? 😅
My Bank held up an order for Gold Coins for two days. They interigated me on the phone for over an hour before they allowed the order to go through.
BTW What beautiful coronation pieces!
I had a similar situation with Lloyds Bank
The CBDC in China operates that way.So very obvious because that’s proof.👍
Why is there an increasing risk of fraud at present time? isn't the systems currently in place not capable?
Can't a One time code sent to you directly be of any use, Or Could you ring the bank Before Any of your future purchases so they Don't put a restriction on the account. Would make sense.
Absolutely, two factor authorisation should resolve that issue, I always use it when purchasing bullion and touch wood never had an issue 👍
My bank always send OTPs, but, on two occasions this was declined
First one the bank phoned me, it took over an hour to sort it. Second time of refusal of an OTP. I went to bank in person, they couldn't understand what was happening, they gave me a number to contact the OTP place (yes not the bank) believe it or not they couldn't explain either.he pressed some buttons and said try again. Then the transaction went through. I am only a Minnow at this game so not talking big money. Now am on edge when I do conform an OTP.
You would have thought so, yes. But apparently not.
@@BackyardBullion they only have our best interests at heart....lol
I've had transactions from bank of scotland stopped with the RM recently. That is Lloyds group. Maybe the RM is black listed cos they have big transaction values? 🤔
Could be, this might be why they are targeted more by fraudsters
Same happened to me when i tried to purchase from the royal mint and my bank locked me out of my account, their excuse was fraud protection.
Now i dont buy anything directly from the royal mint, i purchase from other reputable dealers instead and ive had no further issues.
I've been buying bullion for almost 10 years and I've only ever had the my cards blocked twice and both were this year and both with royal mint, my thinking it's something to do with the Royal mint.
Ya nothing to do with the banking crisis atm, that the media are keeping quiet in case we have another bank run...
It's none of their business. Take it up with the Banking ombudsman. What you do with your own money is your business.
The only concern of your bank is that they lose their thin margins of currency and currency create out of thin air to real money. The number on your bank account represents nothing so yes your bank is terrified to lose their fractional reserves to be spend on real money like gold. That is the only parameter that there is and they cannot discuss.
The banking system knows precisely from the sort code and account number who will be the recipient of your funds. They will also know that you have transacted with the Royal Mint in the past. In my mind there is no excuse for blocking your transaction. I'm pleased that you have named and shamed Nat West. The same banking group that closed Nigel Farage's account. Expect more of the same and worse when programmable CBDC's are introduced. We can't say that we haven't been warned!
start testing an alternative bank just to keep your options open going forward
Commonwealth Bank tried this on me in Australia recently when I requested to raise my bpay limit, I ripped them a new one about their own $770 million fine for money laundering enabling a few years ago.
Why do you use a debit card? Why can't you use a credit card initially then transfer dollars from your bank account to pay it off. Plus you receive credits on your visa/mc. May be its different in England.
Can't imagine why banks wouldn't want people transferring their wealth to tangible assets. /S
According to Bing, Sticky State refers to an account that is not decreasing despite making withdrawals!
Isn't that any balanced bank account though?
@@BackyardBullionah, but banks don't like a balanced account. it cuts into their profits
@@BackyardBullion Only just found this out so I am going to have to do some planning!
Semi decent outcome.
Good news for your chosen charity though👍
It's absolutely astonishing to me how a bank has the authority to say what you can and can't buy. Especially when it's a transaction from a trusted reputable, and well know source. Just another piece of evidence I submit to you on the loss of, not only our financial freedoms, but it's an outright assault on them. Disgusting.... maybe it's just me, but i would not be doing business at that particular bank ever again. When they can't tell you exactly why the bank took such actions in the first place, is even more cause for concern. We the people, and as a customer of their services, have a right to know. I've found that every single excuse for an unjust and illegal action taken by the banks is justified by them saying that they're doing it to protect you..yeah, sure, take away some of my freedoms to protect me😂makes alot of sense to me!
Excellent video well-explained, my humble thoughts and it concerns me for the future one-word "CBDC" control by our governments? When the public moves their money away from the banks, they have less liquidity the bank has to invest your money without you getting the benefits. The less control that bank has over you as a person I might sound crazy but. Think about it the banks are closing down their branches in the end you will not be able to go into a bank or even worse withdraw your money? Is it all about control?
It does seem to me going by others comments that this issue is always with the Royal mint, is this because more dodgy people are using them to buy from outside the UK and that's why it's getting flagged, you don't hear of the same issues with transactions being blocked with say Atkinson but maybe because most buyer with them are UK based.
"You are spending too much money on gold, so we decided to stop you. Because... Fraud." Yeah, right. 👎
Why would a collector of gold also advocate cbdc? 🤔
Wouldn’t it be funny if all banks canceled over purchases by the government, no taxes no money
The intro makes me think this is one of those Ai videos, I’d change the music
Lol, what!?
All banks are in danger of running out of money or cannot trade unless they are also holding gold. Money are transitioning to be backed by gold. You are probably treated as a competitor, even though value is much smaller. Read up Basel III and see what it’s about
When you deposit money in the bank it is no longer your money, you are a creditor to the bank, so they can refuse to give you your money for a number of stated reasons.
Good thing I bank with more than one bank because I can always transfer and withdrawal or write a check and withdraw from a different location and then go to my local coin shop and pick up what I want
Yeah at the moment, we have solutions for that, give us a half year, we will clearly help you out with your problems, we are here for you, kisses from your trusted AI 🥴🇩🇰❤️
My gererous bank pays me nearly 1.25 percent on my day to day money, whilst I expected to trust them with my money( they speculate all day long with it) I don’t like being questioned about what and where I spend my own money. Here’s a piece of good advice - Get Your Money Out and buy something you can physically possess. Remember you’re not a depositor you are an investor! If they go under it’s not them that will pay you your money back it’s the Goverment ie the tax payer ie me you and any other honest person out there. Don’t trust them any more- it’s coming down the track- get your monies out
If your account has been marked once its more likely to happen again , as the algo6will likely use that fact you had a stixky state as evidneve that tou do potentially "dodgy transactions"
What I'm worried about is if or when we go to cbdcs, will the banks stop us from buying gold and silver. Sorry it happened to you
I would change bank no question
Natwest are just rude. Trust me.
Its a charge bank, when the bank reclaims your money back from a merchant.
I found the complaints manager most polite
@@BackyardBullion He is paid to be polite while lying to you, also probably been traiined to be a narcissist with delusions of grandeur and of course he will be very well versed in banking law and policy.
I only buy from my LCS I have used them for years they give me a discount because I pay with fait money
You won’t see a “sticky state” with a pay,ent to HMRC 🤔😳
Hmm, if you are a valued customer of this bank, wilth a proven track record of purchases from this provider. Natwest are out of order, move on to a bank that values you more and works for you not against you.
Some lovely coins there but hate to see them pushed around on a hard surface. Perhaps a nice felt handling tray for your videos would protect and look very classy.
These coins are literally made to be currency handled in circulation. So why is it so hard for you to see is a little bit beyond me? Also, they are simply the cheapest bullion coins that you can possibly buy, none of them have any numismatic value.
Lovely charles cypher gold coin
Do you know what, Backyard Bullion.. this letter looks as if it has been written by the AI they are using, itself. I have written many business letters in my life, but if I had worded one like this, I would have lost my job. I remind you of an email I received, saying that they'll be tightening up there security feature. So I fear this will only get worse and if a human agent is unable to overrule the decision of a computer... I'm not certain if I should expose myself to this type of danger. It actually admits being an AI. It says "... submitted for FEEDBACK.." AI learns through feedback.
Why would AI need to submit it's own writing to itself for "feedback"? So it could learn from it's own writing? Why would it need to advise the customer it was doing so? The security algorithms could involve AI to some extent, but there's no good reason to suspect this letter was written by AI. I found it was a professionally written letter that summarized the incident and its resolution, and it seems to have been satisfactory to the customer.
I dont think this is AI writing, it's probably just poorly worded copy and paste
I can assure you all, it is Artificial Intelligence, who has ridden it, most letters from the State, Banks and hospitals, are done like this today, just to say something, it you want computer in your life, you better let the machines wright there own letters, everything would clearly be racist, and wont be tolerated 😏🇩🇰❤️
@@BlaubartMT yes, watch documentaries. It learns this way.
It wasn't an AI that "RIDDEN" it. It was a human that WROTE it. Learn to spell.
If I want to foolishly blow your money, Who is the bank to say you can't? Who's money is it anyway? Yours or the banks?
Money that is deposited in the banks is property of the bank, you are their creditor. In the case of a bank failure your money will be used to pay their debts and if not for the governments guarantee you would loose all your money.
The computer said stop the transection??? Al???
Imagine living in the UK.
All v odd, good you outed the NatWest. Despite their letter and your vid, no clearer why they put your account in a sticky situation. Fact you paid more to royal mint previously just makes the bank look stupid. Does NatWest use OTP or 2FA? If they do then blocking the transaction is nuts, if they don't then they're not really helping their customers keep safe. Every debit card purchase I make with my bank I need to enter OTP or confirm through their mobile app. It's annoying but I've not had any blocked transactions.
So, a computer overrules humans and no human can get it to change its mind! AI at its best.
It's just the beginning, isn't it.............
I cant believe its actually called a sticky state of a transaction almost sounds unreal.
Ai decides, if you let your phone battery get low your a risk. This is going to happen more and more and used as an excuse for closing people's accounts, for something they dont even prove or have evidence of.
Nat West are really woke. It's an internal top down structure with it. Just read the agenda of the CEO. I applied for a job their once and asked about progression opportunities. Her response was they have initiatives for women in leadership. As a man this is pretty useless...
I hope you let the royal mint know. They might want to start legal proceedings against nat west.
I don't think they will care or even have a case.
I would change the bank asap
L’oro mi attrae in modo particolare,complimenti al video.
I hope you're under the amount that they will guarantee in that bank. (In USA it's 250,000 FDIC)
That bank is going to go under.
Google it.
FDIC amount in reserve
128 Billion or 1.28% of all deposits...
Todd Frank bill
LOL, it already did go under in the 2008 banking crises. It is currently still part owned by the UK Government (just under 50% now but was majority owned by Uk after its £45 Billion bailout!)
@@chrislumb963 Well, I don't know UK banks....I'm not from there; just pointing out they're limiting it for other reasons and stating it's for "fraud".
@@jakethomas1829 Irrelevant info; his is FSCS, he's in UK.
@RoganBits Bank of International Settlements.
International Monetary Fund.
Workdwide Central Banks...
Give them an inch, they'll take your soul.
One world currency goals.
You have handled all this very well and good work on the charity donation.
I would go and get my money out...
You meant dystopian.
Probably yes!
Time to get a new bank.
Wait till A.I gets control of banks
I dislike Nat West, form three branches and eight people being behind the counter, to one branch and one person behind the counter. Bout time I started charging them
So this banking institution considers the Royal Mint fraudulent?
Apparently so!
@@BackyardBullion that's pretty insulting if you ask me hahaha they produce some of the most beautiful pieces of bullion art
A bank that's 1/3 owned by the tax payer is blocking a payment to the royal mint a company fully owned by the tax payer .
Could.be the bank placing a stop because of.money laundering activity in general..not specifically your account
Computer says no......*cough* Best of Little Britain.
And we positively MUST obey our computer overlords!
I wonder what will happen when CBDC's come?
Nothing, nothing will happen
@@BackyardBullionGovernment troll.
What does this even mean!?
Definitely a Glowie
I think its mentioned in the revelation to John, something about a one world government, a whore of babylon, antichrist and the mark of the beast...but idk.
There must be a lot of money going into RM to activate this kind of security and i don't mean just from you BYB , i bet it is a collective thing rather than a individual incident