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US town adopts their own local currency
Started by: Bicnarok

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Bicnarok
From Ganymede

Gender: Male
Location: Cydonia, Mars

 US town adopts their own local currency

GREAT BARRINGTON, Massachusetts embraces dollar alternative.

There are about 844,000 BerkShares in circulation, worth $759,600 at the fixed exchange rate of 1 BerkShare to 90 U.S. cents, according to program organizers. The paper scrip is available in denominations of one, five, 10, 20 and 50.

I wonder if this will start a wave of new currencies seeing as the house of cards financial system has become more volatile, or is it just another floor on the house of cards?

Thereīs quite a lot of them see the second link for a list of US community currencies.

LINK REUTERS





List of community currencies in the US
Old Post Nov 25th, 2008 06:24 PM
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Bardock42
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Location: With Cinderella and the 9 Dwarves

http://en.wikipedia.org/wiki/Liberty_Dollar

This one I heard about a) as it is based on a gold standard and b) because their assets have been seized by the FBI sometime last year. The reasons seem extremely shady and it has not yet gone to court, apparently the gold is still in the hands of the FBI.


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Old Post Nov 25th, 2008 06:32 PM
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Bicnarok
From Ganymede

Gender: Male
Location: Cydonia, Mars

Iīm not a financial expert, but wasnīt the money originally created by paying for it with dollars or did they have their own gold?

Is this illegal, I mean if the fed system is messing up why canīt people in small communities trade amongst themselves?
Old Post Nov 25th, 2008 06:38 PM
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dadudemon
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quote: (post)
Originally posted by Bicnarok
Iīm not a financial expert, but wasnīt the money originally created by paying for it with dollars or did they have their own gold?

Is this illegal, I mean if the fed system is messing up why canīt people in small communities trade amongst themselves?


I agree. But it "disenfranchises" the Federal Reserve. You know, that illegal institution of evil and corruption.


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Old Post Nov 25th, 2008 06:41 PM
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Bardock42
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quote: (post)
Originally posted by Bicnarok
Iīm not a financial expert, but wasnīt the money originally created by paying for it with dollars or did they have their own gold?

Is this illegal, I mean if the fed system is messing up why canīt people in small communities trade amongst themselves?


I would assume they paid for it with accepted money, probably US Dollars, yes.

It shouldn't be illegal, two reasons I heard are that it can be mistaken for real US Dollars (which seems nonsense if you look at their bills and coins, imo) and that it might have somehow been used for laundering money.

http://www.reason.com/blog/show/123543.html


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Old Post Nov 25th, 2008 06:43 PM
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Symmetric Chaos
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They're idiots.


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Old Post Nov 25th, 2008 07:19 PM
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tsilamini
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without proper financial infrastructure and monitoring, the money laundering claim has some water.


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Old Post Nov 25th, 2008 07:29 PM
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Bicnarok
From Ganymede

Gender: Male
Location: Cydonia, Mars

quote: (post)
Originally posted by Symmetric Chaos
They're idiots.


Interesting view, Iīd say all the people who borrowed virtual money and now are giving up their real properties are poor idiots.

In fact the whole system is idiotic and benefits the few.
Old Post Nov 25th, 2008 07:34 PM
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jinXed by JaNx
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quote: (post)
Originally posted by Bicnarok
why canīt people in small communities trade amongst themselves?


because the gomment doesn't get a cut.


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Old Post Nov 25th, 2008 07:36 PM
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Symmetric Chaos
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quote: (post)
Originally posted by Bicnarok
Interesting view, Iīd say all the people who borrowed virtual money and now are giving up their real properties are poor idiots.


The fact that those people are idiots doesn't change how stupid this plan is.


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Sed quis custodiet ipsos custodes?
A juvenal prank.
Old Post Nov 25th, 2008 07:44 PM
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Bicnarok
From Ganymede

Gender: Male
Location: Cydonia, Mars

So the system, the people and basically everyone are idiots then, that makes me rather clever then seeing as I have hardly any money and no deptssmile
Old Post Nov 25th, 2008 08:13 PM
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Bardock42
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quote: (post)
Originally posted by Bicnarok
So the system, the people and basically everyone are idiots then, that makes me rather clever then seeing as I have hardly any money and no deptssmile
You have no depth?


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Old Post Nov 25th, 2008 08:14 PM
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Symmetric Chaos
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Gender: Male
Location: Ko-ro-ba

quote: (post)
Originally posted by Bicnarok
So the system, the people and basically everyone are idiots then, that makes me rather clever then seeing as I have hardly any money and no deptssmile


That would be my point of view, yes.


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Graffiti outside Latin class.
Sed quis custodiet ipsos custodes?
A juvenal prank.
Old Post Nov 25th, 2008 08:34 PM
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dadudemon
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quote: (post)
Originally posted by Bardock42
You have no depth?


You're both idiots. He typed "depts". He meant "debts", and you meant to make a joke about it that failed.

You're a towel.


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Old Post Nov 25th, 2008 08:47 PM
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Bardock42
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quote: (post)
Originally posted by dadudemon
You're both idiots. He typed "depts". He meant "debts", and you meant to make a joke about it that failed.

You're a towel.


Why did it fail?


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Old Post Nov 25th, 2008 08:48 PM
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dadudemon
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quote: (post)
Originally posted by Bardock42
Why did it fail?


B-because you're an idiot?


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Old Post Nov 25th, 2008 08:48 PM
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Bardock42
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quote: (post)
Originally posted by dadudemon
B-because you're an idiot?
Fair dos. I meant to say "How did it fail, in your opinion?"


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Old Post Nov 25th, 2008 08:49 PM
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dadudemon
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quote: (post)
Originally posted by Bardock42
Fair dos. I meant to say "How did it fail, in your opinion?"


What's in your wallet?


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Old Post Nov 25th, 2008 08:51 PM
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Bardock42
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quote: (post)
Originally posted by dadudemon
What's in your wallet?


Some euros, some pounds, some dollars (coins and notes), credit and debit cards, drivers licence, university card, National ID Card, WH Smith coupon, train cards, pictures, friendship bracelet and a condom.


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Old Post Nov 25th, 2008 08:53 PM
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dadudemon
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quote: (post)
Originally posted by Bardock42
Some euros, some pounds, some dollars (coins and notes), credit and debit cards, drivers licence, university card, National ID Card, WH Smith coupon, train cards, pictures, friendship bracelet and a condom.


What's the condom for?


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Old Post Nov 25th, 2008 10:40 PM
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