[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

Ghee: Is It Better Than Butter?

What Is Butyric Acid? 6 Benefits (Dr Horse says eat butter, not margarine!)

Illegal Alien Released by Biden Admin Beheads Motel Manager In Dallas,

Israel Wants to Unite Itself by Breaking the World -

Leavitt Castigates Journalists To Their Faces Over Lack Of Iryna Zarutska Killing Coverage

Aussie Students Spend The Most Time In School, Polish Kids The Least

Tyler Robinson, 22, Named As Suspect In Charlie Kirk Assassination

How They Control the World and Their Secret Weapon

Newmont Pulls Out of Canada, Delists TSX

Eva Vlaardingerbroek's Warning: Elites Plan to Make Humans Immortal in the Cloud

The $7.9 Trillion Company You've Never Heard Of

CCP's motivation for (the Korean) war was to grow its military: US-China-Russia relations

Here is What REALLY Happened on 9/11

US Deficit Explodes In August Despite Rising Tariff Revenues As Government Spending Soars

Adolf Hitler had 'some good ideas', a fifth of Gen Z Americans believe according to Daily Mail poll

New 4um Site Software Ready For Review

"Calling Me Names Is NOT Gonna Stop Me!" Tucker Carlson on Ted Cruz, Trump, Israel & 9/11

Vietnam Erases 86 Million Bank Accounts – (NWO) Great Reset in Motion

Vietnam Erases 86 Million Bank Accounts – (NWO) Great Reset in Motion

Rifle Ammo In Kirk Assassination Engraved With 'Transtifa' Ideology: Law Enforcement Memo

Time for MASSIVE change in America (Black Crime and the Media))

How Much Are Teachers Paid Around The World?

Spain's Power Grid: Net Zero Drive Pushes Economy Toward Paralysis

Pepe Escobar: So the death cult "defends itself" by bombing..

Banks Are Hiding Credit Losses (Here’s How) | Bill Moreland of BankRegData

Housing stability is being propped up by hidden bailouts and toxic FHA debt,

Why Did Qatar's Air Defenses Fail During Israel's Attack?

German POWs Expected Execution — Instead an American Farmer Invited Them for Dinner

Charlie Kirk has been shot

Elon Musk Commits $1 Million To Murals Of Iryna Zarutska Nationwide, Turning Public Spaces Into Culture War Battlegrounds


National News
See other National News Articles

Title: Competing currency being accepted across Mid-Michigan
Source: [None]
URL Source: http://www.connectmidmichigan.com/news/story.aspx?id=481793
Published: Jul 12, 2010
Author: by Dan Armstrong
Post Date: 2010-07-18 01:32:34 by DeaconBenjamin
Keywords: None
Views: 359
Comments: 5

New types of money are popping up across Mid-Michigan and supporters say, it's not counterfeit, but rather a competing currency.

Right now, you can buy a meal or visit a chiropractor without using actual U.S. legal tender.

They sound like real money and look like real money. But you can't take them to the bank because they're not made at a government mint. They're made at private mints.

"I sell three or four every single day and then I get one or two back a week," said Dave Gillie, owner of Gillies Coney Island Restaurant in Genesee Township.

Gillie also accepts silver, gold, copper and other precious metals to pay for food.

He says, if he wanted to, he could accept marbles.

"Do people have to accept dollars or money? No, they don'," Gillie said. "They can accept anything they want or they can refuse to accept anything."

He's absolutely right.

The U.S. Treasury Department says the Coinage Act of 1965 says "private businesses are free to develop their own policies on whether or not to accept cash, unless there is a state law which says otherwise."

That allows gas stations to say they don't accept 50- or $100 bills after a certain time of day in hopes of not getting robbed.

A chiropractic office in Lapeer County's Deerfield Township allows creativity when it comes to payment.

"This establishment accepts any form of silver, gold, chicken, apple pie, if someone works it out with me," said Jeff Kotchounian of Deerfield Chiropractic. "I've taken many things."

Jeff Kotchounian says he's used this Ron Paul half troy ounce of silver to get $25 worth of gas from a local station.

While the government and banks don't accept them, many others do.

So why is there interest in these competing currencies?

Is it just novelty or is there something deeper?

Coming tomorrow on NBC25 news at 6 p.m., you'll see why supporters of competing currencies say their money is worth more and is inflation proof.


Ron Paul is a full ounce of silver, produced by the Sunshine Mint obo VonNothaus and the Liberty Dollar.

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: DeaconBenjamin (#0)

I thought legal tender laws mandated the acceptance of FRN's under penalty of having payment considered made in the event payment was refused.

Pinguinite  posted on  2010-07-18   2:04:50 ET  Reply   Trace   Private Reply  


#2. To: Pinguinite (#1)

If FRN's are offered you have to accept them or lose legal standing, and the govt. will not accept anything else as payment for taxes, but you're free to accept anything.

Brutus  posted on  2010-07-18   4:51:31 ET  Reply   Trace   Private Reply  


#3. To: DeaconBenjamin (#0)

deleted

The relationship between morality and liberty is a directly proportional one.

Eric Stratton  posted on  2010-07-18   8:01:10 ET  Reply   Trace   Private Reply  


#4. To: Brutus (#2)

Agreed, which contradicts this from the article:

"Do people have to accept dollars or money? No, they don'," Gillie said. "They can accept anything they want or they can refuse to accept anything."

He's absolutely right.

The U.S. Treasury Department says the Coinage Act of 1965 says "private businesses are free to develop their own policies on whether or not to accept cash, unless there is a state law which says otherwise."

Pinguinite  posted on  2010-07-18   11:45:48 ET  Reply   Trace   Private Reply  


#5. To: DeaconBenjamin (#0) (Edited)

4um cross-reference: Video: Competing currency being accepted across Mid-Michigan

-------

"They're on our left, they're on our right, they're in front of us, they're behind us...they can't get away this time." -- Col. Puller, USMC

GreyLmist  posted on  2010-07-30   2:53:24 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest


[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]