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Title: Americans Are Printing Their Own Money
Source: YouTube
URL Source: http://www.youtube.com/watch?v=ghs_Ag8P6Lw&NR=1
Published: Apr 22, 2009
Author: conciousgood
Post Date: 2010-10-29 05:08:36 by GreyLmist
Keywords: Alternative Currencies
Views: 2013
Comments: 16


Poster Comment:

YouTube - This Town Prints Its Own Money! - Ithaca Hours video, 2.5 mins.

inspirationandspirit | July 15, 2008

The small town of Ithaca, NY decided that the best way to keep money in the community was to start printing their own (legal) currency. "It's a community spirit - an idea that we're all working to help support each other as a local community solidarity."

Alternative currency - Wikipedia; links

Alternative currency is a term that refers to any currency used as an alternative to the dominant national or multinational currency systems (usually referred to as national or fiat money). Alternative currencies can be created by an individual, corporation, or organization, they can be created by national, state, or local governments, or they can arise naturally as people begin to use a certain commodity as a currency. Mutual credit is a form of alternative currency, and thus any form of lending that does not go through the banking system can be considered a form of alternative currency.

When used in combination with or when designed to work in combination with national or multinational fiat currencies they can be referred to as complementary currency. Most complementary currencies are also local currencies and are limited to a certain region.

Barters are another type of alternative currency. These are actually exchange systems, which only trade items; thus without the use of any currency whatsoever. Finally, LETS is a special form of barter which trades points for items. One point stands for one man-hour of work. (cont.)

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#9. To: GreyLmist (#0)

deleted

Eric Stratton  posted on  2010-10-29   8:38:27 ET  Reply   Untrace   Trace   Private Reply  


#14. To: Eric Stratton (#9)

Notice how it was stated that there's nothing illegal as long as the FedGov collects taxes.

The FedGov should cooperate and accept taxes paid with alternate currencies. Would be like doing itself a big favor -- more people would be working and transacting and the economy would be flourishing.

GreyLmist  posted on  2010-10-29   10:11:49 ET  Reply   Untrace   Trace   Private Reply  


#15. To: GreyLmist (#14)

The FedGov should cooperate and accept taxes paid with alternate currencies

The FedGov is the Federal Reserve. People just don't know that; that's all. They make the rule and call the shots. Congress and the president are just their puppets.

DWornock  posted on  2010-10-29   10:53:00 ET  Reply   Untrace   Trace   Private Reply  


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