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...] about Community currencies have a long history
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 community … [Read more...] about Community leaders benefit from community currencies
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...] about Community currencies benefit consumers as much as local businesses
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...] about Crow Currency: “Not Dollars but Scouts”
Longtime critic of the Federal Reserve and hard money advocate Ron Paul debuted his new online channel on Monday. Paul maintained his position that the U.S. Dollar is being systematically devalued and that a “dollar crisis” was inevitable. He said that he just couldn’t predict when it will happen, whether its months or years away. That’s a view that’s been shared by economists who agree with Paul on economics. That may be changing. Jim Rogers has long described himself as “the world’s worst … [Read more...] about Is the U.S. Dollar out of borrowed time?
Crow Nation Sovereign Currency Launch A few weeks ago we reported the Crow Nation's introduction of their Battle of Little Big Horn commemorative silver medallion. What we didn't report is that creating the coin was the first step for the federally-recognized Crow Nation to launch their very own tribal sovereign currency. Take a quick look at the video below to see where they're heading with the project. Silver & Copper Currency launching at … [Read more...] about Opencurrency Update