BS: Local Currencies?

Subject: BS: Local Currencies?
From: Goose Gander
Date: 12 Aug 09 - 03:47 AM

Look here . . .

Subject: RE: BS: Local Currencies?
From: Rapparee
Date: 12 Aug 09 - 09:06 AM

Yeah, the story's been out for a couple of months. Not a bad idea, really.

Subject: RE: BS: Local Currencies?
From: Leadfingers
Date: 12 Aug 09 - 09:30 AM

My Local likes Hard cash , but they WIIL take a Credit Card if your there for a reasonable time !

Subject: RE: BS: Local Currencies?
From: Donuel
Date: 12 Aug 09 - 11:04 AM

A new black market is emerging due to California handing out IOU's to many State contractors. Banks do not accept them but middle men are buying them up cheap and issuing dollars much the way a counterfieter might launder his product to a fence.

Subject: RE: BS: Local Currencies?
From: dick greenhaus
Date: 12 Aug 09 - 08:45 PM

Damn. Here comes the company store...

Subject: RE: BS: Local Currencies?
From: Goose Gander
Date: 13 Aug 09 - 01:26 PM

No, not the same thing at all. This is just a way to keep wealth within small communities. And it's also a good reminder of what money is - simply a medium of exchange. Local currencies work if local businesses agree to accept them. Contrary to popular belief, you can't get your way out of an economic mess by printing crinkly pieces of paper - if so, poverty would have been ended years ago. Production - real goods and services that people want - is the foundation of economic prosperity.