The end of the American Open Currency Standard?


It's amazing to think that we're merely two weeks away from the one-year anniversary of the M2 bankruptcy, after a year of [mostly losing] the battle for my life, fortune and sacred honor. But today, what remains of our team is back doing what we do best - creating value and profit by pushing forward decentralized commodity monetary systems. Towards the end of 2013, I decided that I'd be more effective a continent or so away from the drama. I needed some time to clear my head, take a step … [Read more...]

Are the days of cheap gold and silver numbered?


As recently reported on it is rumoured that Russia will not take kindly to the proposed U.S. sanctions.  If Russia does in fact move to decrease it's dependency on the U.S., it could have a drastic effect on the dollar.  As in times past, a weakened dollar could send prices of gold and silver through the proverbial roof.  If the situation escalates, will we see an end to cheap gold and sliver? … [Read more...]

Just saying Bitcoin is like saying bomb on an airplane


You can’t say “bomb” on an airplane, as Ben Stillerfound out the hard way in Meet the Parents. Apparently, you can’t say “Bitcoin” on your website, either, without eliciting the same hysterical reaction from the banking establishment. Presently, Mulligan Mint does not accept Bitcoin in exchange for any of its products. As an alternative currency, Bitcoin actually competes with the American Open Currency Standard. However, we do respect and admire Bitcoin and it’s community for taking a … [Read more...]

Big Horn County News: “Launching Scouts”…


By Andrew Turck Big Horn County News Nearly a thousand tribal members in colorful powwow regalia surrounded the arbor Friday night at Crow Fair, the largest gathering of Native Americans in the Northern Plains, as Chairman Darrin Old Coyote put a new economic currency to the test. The “scout,” by way of executive decision, is now the official mint of the Apsáalooke Nation. “As the great Creator guides us forward,” Old Coyote said to the crowd, “may this action help to ensure our … [Read more...]

Community merchants benefit from community currencies


Community currencies benefit the community as a whole on several levels, both social and economic. They foster a sense of pride of ownership in the community and encourage local cooperation. They protect individuals against inflation, meaning their accumulated wealth can help them realize their own dreams instead of being redistributed to politically-connected corporations. They even benefit community leaders, who benefit from the job-creating and other economic effects of establishing a local … [Read more...]

Community currencies have a long history


With the U.S. dollar at a historic low and the Federal Reserve continuing to inflate, interest in alternative currencies is growing. Newcomers may think community currencies are a recent phenomenon. Actually, community currencies have a long history even here in the land of the dollar. The 1930’s saw an explosion in the launch of local currencies. The severe deflation of the Great Depression combined with FDR’s decision to take the U.S. Dollar off the gold standard domestically (it was still … [Read more...]

Community leaders benefit from community currencies


Community currencies empower individuals and local businesses to take control of their financial futures back from central economic planners and Wall Street. That doesn't just benefit producers and consumers. It benefits the community as a whole. Community leaders take note. The clearest mandate from constituents to community leaders during tough economic times is for polices that will create jobs. That usually means getting local government out of the way of job creators. Encouraging … [Read more...]

Community currencies benefit consumers as much as local businesses


With all of the benefits community currencies can bring to local businesses, the benefits to individual consumers are often overlooked. These include social, economic and even environmental benefits. Participating merchants have an incentive to encourage use of local currencies. They often give substantial discounts to customers to use them in lieu of U.S. dollars or credit. One reason they can do this is the local currency will increase in value over time, while fiat currencies lose … [Read more...]

Crow Currency: “Not Dollars but Scouts”


Ceivert LaForge hopes that people buying and selling goods and services on the Crow Indian Reservation are soon dealing with "scouts," not with U.S. dollars. The scouts would be copper, silver and gold coins created and issued by the Crow Tribe, a "sovereign currency" for what is already a sovereign nation. "We're not looking to trade clams or wampum anymore," LaForge said. "We're looking at trading gold and silver." … [Read more...]