Originally posted by Bicnarok
I´m not a financial expert, but wasn´t 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 can´t people in small communities trade amongst themselves?
It will have repercussions for the national and worldwide economies.
Not to mention it would create insular communities....
All in all, a novelty for sure, but a terrible idea which should be suppressed.
Originally posted by Bardock42
Why?
Well, when the kids are born with fourteen fingers and one town is executing the adulterous and banned evolution while the next town over has legalised polygamy...well, you know what I'm getting at.
Individualised currency means that you can only spend it in one community. You will then stop going out of that community and only trade in your own. Sure this will be great for local trading in the short run...but the political state will surely follow the economic one.
Originally posted by Grand-Moff-Gav
Well, when the kids are born with fourteen fingers and one town is executing the adulterous and banned evolution while the next town over has legalised polygamy...well, you know what I'm getting at.Individualised currency means that you can only spend it in one community. You will then stop going out of that community and only trade in your own. Sure this will be great for local trading in the short run...but the political state will surely follow the economic one.
Wrong. That may be true during the middle ages.
Since modern trade and globalization is absurdly NON-local, it is nearly impossible to have a fully self-contained local currency.
Where did that shit come from that Joe-Bob bought at his wal-mart? How did that regional manager get those items?
So and and so forth. Sure, the currency is local, but all the goods and services would still come from all over and be purchased with the national currency.
HA!
PWNT LIKE A BIZZZITCH!
Originally posted by dadudemon
Wrong. That may be true during the middle ages.Since modern trade and globalization is absurdly NON-local, it is nearly impossible to have a fully self-contained local currency.
Where did that shit come from that Joe-Bob bought at his wal-mart? How did that regional manager get those items?
So and and so forth. Sure, the currency is local, but all the goods and services would still come from all over and be purchased with the national currency.
So your entire argument is that we really don't need localized currency and thus it's clearly a good idea to further complicate the economic system by adding it? ****ing brilliant.
Originally posted by dadudemon
Wrong. That may be true during the middle ages.Since modern trade and globalization is absurdly NON-local, it is nearly impossible to have a fully self-contained local currency.
Where did that shit come from that Joe-Bob bought at his wal-mart? How did that regional manager get those items?
So and and so forth. Sure, the currency is local, but all the goods and services would still come from all over and be purchased with the national currency.
HA!
PWNT LIKE A BIZZZITCH!
Not necessarily.
Localized thinking could possibly result in a rejection of non-locally manufactured goods.
However, I see what your saying. Lets say there is a car dealer in this area. It is obvious that most towns don't have access to local car-manufacturers but then again, most townspeople don't need access to local car-manufacturers...only the dealer does.
So where does the goods from Wal-Mart come from? A centralized Wal-Mart Crop of course- who distribute the merchandise to all the different towns across the US. However, when's the last time you spoke to the truck driver carrying the goods? Probably never, therefore its safe to say that goods would still be dispatched all over the country in the exact same way as it was in the Middle Ages...a small class of Traders will have access to the national market- but the local people wont.
So...PWND
Re: US town adopts their own local currency
Originally posted by BicnarokWon't work just like France tried to throw out everything, money, calenders, religious believes against the world. In the end they had to succumb.
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?
There´s quite a lot of them see the second link for a list of US community currencies.
It just seems that you cannot go against the tide, expecially if it is a big tide.
Originally posted by Grand-Moff-Gav
Not necessarily.Localized thinking could possibly result in a rejection of non-locally manufactured goods.
What you're implying would be an autonomous megalopolis.
Originally posted by Grand-Moff-Gav
However, I see what your saying. Lets say there is a car dealer in this area. It is obvious that most towns don't have access to local car-manufacturers but then again, most townspeople don't need access to local car-manufacturers...only the dealer does.So where does the goods from Wal-Mart come from? A centralized Wal-Mart Crop of course- who distribute the merchandise to all the different towns across the US. However, when's the last time you spoke to the truck driver carrying the goods? Probably never, therefore its safe to say that goods would still be dispatched all over the country in the exact same way as it was in the Middle Ages...a small class of Traders will have access to the national market- but the local people wont.
So...PWND
If you think it's as simple as dealing with just traders, wrrooowng. 😄
You make deals with other organizations. Sometimes it could get to you via a contractor. Sometimes the contractor contracts out that to a sub-contractor.
Goods are not the only things that come from the outside. Unless you greatly suppress the freedoms of people in your setup, they will be getting shit from all over the place. You can't grow all your crops locally. In fact, growing all the crops locally would be impossible. You'd still have to get some money to change currency and then make your purchase.
The only thing you could do is spend the money locally. Like another dude said, it just makes things rather complicated. However, if their currency is much stronger than say the USD, then why the **** not? Who cares. Do it.
Oh, I forgot.
ZIIIIIIING!
Also, no, it could actually be a more stable currency. Obviously.
Double ZOMG ZIIIIIIING!
Originally posted by Grand-Moff-GavWell, obviously our currencies are not as stable as we wish to believe. Money solely based on trust is a very flimsy thing to me, trust can vanish very, very, quickly. On the other hand I do agree that very localized currencies are not really very useful, though I disagree with the doomsaying you guys accompany it with.
One bank robbery.
Originally posted by Bardock42
Well, obviously our currencies are not as stable as we wish to believe. Money solely based on trust is a very flimsy thing to me, trust can vanish very, very, quickly. On the other hand I do agree that very localized currencies are not really very useful, though I disagree with the doomsaying you guys accompany it with.
Gav is the only one seeing doomsday. I just think they're useless and create another layer of complexity in an already overly complex system.
Originally posted by dadudemon
What you're implying would be an autonomous megalopolis.If you think it's as simple as dealing with just traders, wrrooowng. 😄
You make deals with other organizations. Sometimes it could get to you via a contractor. Sometimes the contractor contracts out that to a sub-contractor.
Goods are not the only things that come from the outside. Unless you greatly suppress the freedoms of people in your setup, they will be getting shit from all over the place. You can't grow all your crops locally. In fact, growing all the crops locally would be impossible. You'd still have to get some money to change currency and then make your purchase.
The only thing you could do is spend the money locally. Like another dude said, it just makes things rather complicated. However, if their currency is much stronger than say the USD, then why the **** not? Who cares. Do it.
Oh, I forgot.
ZIIIIIIING!
Also, no, it could actually be a more stable currency. Obviously.
Double ZOMG ZIIIIIIING!
OH DEAR GOD
You just triple times two double OWN.E.D PWND yourself with a side order of PMSLTGIAFM