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.

They don't want us buying or possessing bullion.

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".

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!!!!

CBDCs! Just wait till you are more than 15 minutes from hone and your card doesn't work! You cannot program cash!

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.

Boycott Nat West, the same bank that cancelled Farrage

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 😁

Think this whole 'Computer says no' thing could actually become a lot more prevalent when we would have to use CBDCs...

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.

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.

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.

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.

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.

Get your money out of the bank, just leave in enough to pay your bills.

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.

Why would a collector of gold also advocate cbdc? 🤔

To be not afraid of CBDC is in my opinion crazy

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!

Some banks have the word "trust" in their names - or at least, used to.

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.

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.

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 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.

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 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

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.

wait until we need to register all gold and silver purchases that will come soon

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.

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.

BTW What beautiful coronation pieces!

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.

I heard the bank of England been doing this alot.

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.

The best outcome from this is your donation to a worthy cause. Well done 👍 BYB.

There's a law for the rich and law for the people like you and me

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.

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.

I had a similar situation with Lloyds Bank

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.

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? 🤔

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.

The intro makes me think this is one of those Ai videos, I’d change the music

start testing an alternative bank just to keep your options open going forward

The Royal Mint is a potential fraud? How paranoid is the bank? 😅

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.

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?

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.

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.

Semi decent outcome. Good news for your chosen charity though👍

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.

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 CBDC in China operates that way.So very obvious because that’s proof.👍

According to Bing, Sticky State refers to an account that is not decreasing despite making withdrawals!

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.

Lovely charles cypher gold coin

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.

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"

10:28 "The Royal Mint are not very good at communication " .... understatement of the year. I've only recently been dealing with The Royal Mint and seriously they need to up their game 100 fold on the communication and customer service. Simple purchase of 4 silver (low value) coins that were in stock took over 3 weeks and 2 phone calls and 2 emails to even get them to EVEN START TO PROCESS THE ORDER. I suspect they are run more like a govt dept than a commerical entity.

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

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!

"You are spending too much money on gold, so we decided to stop you. Because... Fraud." Yeah, right. 👎

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!

I only buy from my LCS I have used them for years they give me a discount because I pay with fait money

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.

You have handled all this very well and good work on the charity donation.

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.

You won’t see a “sticky state” with a pay,ent to HMRC 🤔😳

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.

Can't imagine why banks wouldn't want people transferring their wealth to tangible assets. /S

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.

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

L’oro mi attrae in modo particolare,complimenti al video.

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.............

It's none of their business. Take it up with the Banking ombudsman. What you do with your own money is your business.

The computer said stop the transection??? Al???

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.

I wonder what will happen when CBDC's come?

I would change bank no question

I would change the bank asap

Natwest are just rude. Trust me. Its a charge bank, when the bank reclaims your money back from a merchant.

So this banking institution considers the Royal Mint fraudulent?

You meant dystopian.

Wouldn’t it be funny if all banks canceled over purchases by the government, no taxes no money

I cant believe its actually called a sticky state of a transaction almost sounds unreal.

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

I would go and get my money out...

Time to get a new bank.

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.

Very Good Video

Computer says no......*cough* Best of Little Britain.

I hope you let the royal mint know. They might want to start legal proceedings against nat west.

Could.be the bank placing a stop because of.money laundering activity in general..not specifically your account

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

Imagine living in the UK.

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.

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

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?

It sounds like your bank is run by the people in Mitchell and Webb 'Kill all the poor'😂

I believe they think money laundry is going on.