This is going to cause you cognitive dissonance. Not just to find out that the whole reality of cash money is a lie, but to understand that you have believed this lie all your life.
Take a £20 note from your purse or wallet. It bears a promise from The Bank of England: "I promise to pay the bearer on demand the sum of twenty pounds".
So far so good.
Suppose you decide one day to go to Threadneedle Street in London to claim your twenty pounds. How will the bank redeem their pledge to you, the bearer? What will they give you in exchange for the note to the value of twenty pounds? Only other notes or coins.
So the note itself is worthless, and the only intrinsic value is in the promise, but it's a promise that the Bank of England can never be called upon to honour.
It is therefore an unenforceable contract.
Have a think about that for a while.
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