The Larkin Company began in 1875 as a small soap factory in Buffalo, N.Y. Pioneering marketing strategies like factory-direct sales, mail order and multi-level marketing, the company grew from sales of $220,000 in 1892 to over $15 million by 1906. By the 1920’s, Larkin was a household name with branch showrooms throughout the eastern half of the United States. Its product line had expanded from a few soap products to packaged foods, pottery, glassware, leather, furniture and other household … [Read more...] about Larkin Merchandise Bonds: A successful Depression-era scrip
As local, state and federal governments continue to spend more than they take in and provide fewer, lower quality services in return for tax dollars, many local communities have privatized. There are now whole cities that are privately owned, with services previously provided by government now provided by the market. That’s a great opportunity for Open Currency. The federal government runs the military, Social Security and Medicare, interstate commerce and interstate highways. The state … [Read more...] about OpenCurrency a perfect fit for private cities
Detroit was one of the epicenters of the 2008 financial collapse. While its economic problems were decades in the making, the failure of two of the three largest automakers and the largest financial and housing crisis since the Great Depression combined to make a perfect storm, leaving the city in ruins. Unemployment is rampant, housing prices have gone subterranean and the city just announced that it will file for bankruptcy. The news is not all bad. Like any other economy, the bottom formed … [Read more...] about How OpenCurrency can save Detroit
Texas and Louisiana both passed bills this summer making the sale of gold, silver, or numismatic coins or platinum, gold, or silver bullion completely tax exempt. Previously, both states taxed sales above $1,000.00, meaning that precious metals were treated differently than other investments. Edward Allen of AOCS helped persuade Texas legislators when he testified before a subcommittee hearing in 2011. Allen was invited to speak by Rep. David Simpson, who authored Texas House Bill 78, … [Read more...] about Texas and Louisiana repeal sales tax on precious metals
Disclaimer: Please understand that this article is not written to provide tax or legal advice and I am not providing any such advice. In fact, it disgusts me to think that you need to "figure out the system" to secure what is already yours. This article simply describes my quest for information and knowledge about IRAs and how this information could help me and my father. A few weeks ago, my father mentioned to me his disgust with the performance of his IRA. My response: "You still have an … [Read more...] about IRA Misconceptions Increase Risk
As some of you know, I had a rare opportunity to testify August 2nd 2012 before the House Financial Services Subcommittee on Domestic Monetary Policy regarding parallel currencies. For a full video of the hearing, click the image on the left. It all passed so fast, and the reality didn't set in until I left the chamber. My first thought upon walking out of the building was really anti-climatic: "I spent all this time over the past week for that?" And to think I could have focused my time and … [Read more...] about Legal Tender & 5 things I learned from D.C.