Old Project Avalon Forum (ARCHIVE) - View Single Post - Communities Print their Own Currency to KEEP CASH FLOWING

peaceandlove · 04-07-2009, 06:21 PM

Communities Print their Own Currency to KEEP CASH FLOWING

During the Depression, local governments, businesses and individuals issued currency, known as scrip, to keep commerce flowing when bank closings led to a cash shortage.

By Marisol Bello, USA TODAY

A small but growing number of cash-strapped communities are printing their own money.
Borrowing from a Depression-era idea, they are aiming to help consumers make ends meet and support struggling local businesses.

The systems generally work like this: Businesses and individuals form a network to print currency. Shoppers buy it at a discount — say, 95 cents for $1 value — and spend the full value at stores that accept the currency.

Workers with dwindling wages are paying for groceries, yoga classes and fuel with Detroit Cheers, Ithaca Hours in New York, Plenty in North Carolina or BerkShares in Massachusetts.

Article continues: http://www.campaignforliberty.com/wire.php?view=3962

Please also see this thread: Obeying the Constitution ~ Georgia HB 430 Constitutional Tender Act Introduced 3/27/2009
http://projectavalon.net/forum/showthread.php?t=12637

Act introduced in Georgia to return to money backed by gold.

04-07-2009, 06:21 PM	#1
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Communities Print their Own Currency to KEEP CASH FLOWING Communities Print their Own Currency to KEEP CASH FLOWING During the Depression, local governments, businesses and individuals issued currency, known as scrip, to keep commerce flowing when bank closings led to a cash shortage. By Marisol Bello, USA TODAY A small but growing number of cash-strapped communities are printing their own money. Borrowing from a Depression-era idea, they are aiming to help consumers make ends meet and support struggling local businesses. The systems generally work like this: Businesses and individuals form a network to print currency. Shoppers buy it at a discount — say, 95 cents for $1 value — and spend the full value at stores that accept the currency. Workers with dwindling wages are paying for groceries, yoga classes and fuel with Detroit Cheers, Ithaca Hours in New York, Plenty in North Carolina or BerkShares in Massachusetts. Article continues: http://www.campaignforliberty.com/wire.php?view=3962 Please also see this thread: Obeying the Constitution ~ Georgia HB 430 Constitutional Tender Act Introduced 3/27/2009 http://projectavalon.net/forum/showthread.php?t=12637 Act introduced in Georgia to return to money backed by gold. Last edited by peaceandlove; 04-07-2009 at 06:25 PM.