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Monopoly money? Nope, just local currency
Washington Post.com ^ | By Annie Gowen

Posted on 11/13/2012 4:49:25 AM PST by DeaconBenjamin

One recent Saturday morning, Nick Williams navigated the packed aisles of the Glut Food Co-Op in Mount Rainier, filling his basket with organic vegetables, herbal tea, turmeric and local apple cider.

After the cashier rang up his purchases, he pulled out a funny-looking piece of paper instead of a wad of cash. The bill had environmentalist Rachel Carson’s picture where Abraham Lincoln’s ought to have been. Stripped across the top was the motto “In Each Other We Trust.”

Monopoly money? No, just a local currency system in the Mount Rainier and Hyattsville neighborhoods in Prince George’s County, where users essentially trade goods and services using money the group designed and printed called “Anacostia Hours.”

Local or alternative currencies are almost as old as trade itself, but the movement has found new life amid the global financial crisis, as parallel economies outside the traditional monetary system have emerged in countries such as Spain, Mexico and Brazil. These systems are flourishing because the unemployed can either trade skills for local currency or swap their time for other services.

“Obviously the idea of local currency has been around for a long time and historically they do pop up in times of economic uncertainty,” said Julie Gouldener, 40, program coordinator of the Baltimore Green Currency Association. “We view the complementary currency as a win-win. It’s not meant to replace the U.S. dollar. It’s meant to exist alongside it and build more local wealth.”

Gouldener’s group launched a currency called the BNote in April 2011. Locals can trade real dollars for BNotes at eight “cambios” around the city, including Zeke’s Coffee in Northeast Baltimore, and use them at 175 businesses. So far, there are about 28,000 BNotes in circulation.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Business/Economy; Government; US: District of Columbia
KEYWORDS: libertydollar

1 posted on 11/13/2012 4:49:31 AM PST by DeaconBenjamin
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To: DeaconBenjamin

Private competing currencies sounds good to me.


2 posted on 11/13/2012 4:55:09 AM PST by all the best (`~!)
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To: DeaconBenjamin

Here’s a half-hour of my time for a bottle of soda... right...

What do these limp-wristed vegans do when someone refuses to pay up for services rendered or goods purchased? Do the local attorneys take this Monopoly money for a retainer?


3 posted on 11/13/2012 4:55:34 AM PST by rarestia (It's time to water the Tree of Liberty.)
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To: DeaconBenjamin

Uh-oh...the IRS is going to be so miffed...


4 posted on 11/13/2012 4:58:16 AM PST by econjack (Some people are as dumb as soup.)
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To: DeaconBenjamin

Conservatives need to start commercially identifying, and dealing in cash and barter. Minimize the financial footprint.


5 posted on 11/13/2012 5:05:57 AM PST by SampleMan (Feral Humans are the refuse of socialism.)
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To: DeaconBenjamin

Remember all the drugged out hippies in the 60’s and 70’s?These are their offspring,more brain damaged than their parents.


6 posted on 11/13/2012 5:06:23 AM PST by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: all the best

Here is one. Interesting and too complicated for me to understand. I would not be against trying if I could figure out the computer usage.

http://bitcoin.org/


7 posted on 11/13/2012 5:08:29 AM PST by Bronzy
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To: rarestia

There you go again.

Busting the fantasy bubble with reality.


8 posted on 11/13/2012 5:09:48 AM PST by IMR 4350
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To: SampleMan

And silver; actually that’s a very good idea. It won’t ever happen, but it is a good idea. The Gov’t of parasites, by parasites, for parasites can’t steal what they can’t see! And add to that a boycott of any and all businesses, particularly the national chain stores. If we’re lucky we’ll see Best Buy and JC Penney go bankrupt and that’s a few thousand more Obamacans out of work.


9 posted on 11/13/2012 5:12:40 AM PST by Rich21IE
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To: IMR 4350
So how about tea-party currency for member to barter with each other
10 posted on 11/13/2012 5:16:22 AM PST by tophat9000 (American is Barack Oaken)
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To: rarestia

Why honey don’t you get it...it’s all based on ‘good faith and credit.’

Now, I did mention just yesterday though that conservatives need to start looking into a conservative barter system of some sort. A private monthly ‘get together,’ to swap goods and services(?) between like minded individuals.

But as rightly pointed out, there are still IRS implications here. But then we all know no one shall buy, sell or trade without the required marks....


11 posted on 11/13/2012 5:24:08 AM PST by EBH (0bama is guilty of willful neglect of duty.)
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To: EBH

But...truth be told, we need to figure out a way to live in this New America.


12 posted on 11/13/2012 5:27:06 AM PST by EBH (0bama is guilty of willful neglect of duty.)
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To: DeaconBenjamin
Good thing it isn't precious metal, or the Gubmint would swoop down and confiscate it all.

Rachel Carson? Really? Sheesh!

13 posted on 11/13/2012 5:27:56 AM PST by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
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To: rarestia

They call in the goon squad. The squad surrounds the offender, cross their arms and look really, really disappointed until the offender breaks.


14 posted on 11/13/2012 5:28:06 AM PST by Vermont Lt (The dude abides.)
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To: rarestia
What do these limp-wristed vegans do when someone refuses to pay up for services rendered or goods purchased?

It is a backwards-assed approach to "employment"... here's some money for what you promise to do in the future (who thought this up, the Nobel Committee?) Sounds more like a tax-avoidance scheme than anything else. You can't be taxed on "income" that isn't "the coin of the realm". But I'll bet the IRS will take a swing at it anyway.

Spain is mentioned in the article as having alternative currencies... looks like the writer was trying to focus on areas hit hard economically. However, there have been fifty or sixty regional currencies that have sprung up all over Europe in the past decade. Germany is a trend leader in that regard - and it is said to be on much more solid economic ground. Well, regional currencies hadn't been seen in Deutschland since the Great Depression and the Weimar Republic.

15 posted on 11/13/2012 5:30:46 AM PST by Charles Martel (Endeavor to persevere...)
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To: all the best
Here is academic paper on Bitcoin:
http://bitcoin.org/bitcoin.pdf
16 posted on 11/13/2012 5:37:11 AM PST by Bronzy
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To: DeaconBenjamin
Anyone remember the Liberty Dollar?
17 posted on 11/13/2012 5:40:43 AM PST by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
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To: Bronzy

Bitcoin is the BIGGEST fiat currency in existence... after the U.S. dollar, of course.

Don’t get sucked into that scam.


18 posted on 11/13/2012 5:42:23 AM PST by bolobaby
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To: tophat9000
People that have the goods and services that people need every day, end up with a lot of promises for goods and services which they may rarely need or never need.
19 posted on 11/13/2012 5:47:10 AM PST by IMR 4350
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To: bolobaby
Bitcoin only has value because some people choose to accept it...this is precisely *NOT* the definition of a fiat currency.

I am not saying you should put all of your money in Bitcoin...in fact I am skeptical of it because the market has not really stabilized. It is however interesting because of the inherent scarcity built into the system and the cryptographic guarantees that can be made about it.

20 posted on 11/13/2012 6:00:28 AM PST by billakay
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To: billakay

Good luck with that.


21 posted on 11/13/2012 6:05:41 AM PST by bolobaby
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To: Charles Martel
You can't be taxed on "income" that isn't "the coin of the realm".

Check again, the IRS can tax barter transactions, and they would ordinarily deem this one (or maybe not with such a liberal icon on the front).

22 posted on 11/13/2012 6:07:12 AM PST by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
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To: DeaconBenjamin

Hmm... PG County and Baltimore? I guess EBT cards don’t work as well as the old food stamp scrip currency, and I’d bet that’s how this “local currency” is funded.


23 posted on 11/13/2012 6:17:58 AM PST by VanShuyten ("a shadow...draped nobly in the folds of a gorgeous eloquence.")
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To: DeaconBenjamin

Just wait until Junior gets some of this “money”, scans it into his computer, fires up his color laser printer and begins to emulate the Federal Reserve.


24 posted on 11/13/2012 6:24:24 AM PST by Oatka (This is America. Assimilate or evaporate.)
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To: DeaconBenjamin
I've been doing barter but not for an alternate currency. I barter for stuff I can easily get for FREE via coupons then trade it for stuff that I either need or that I know can be easily bartered. In both categories is Grey Goose vodka. I use some of it for myself but most I just rebarter for other stuff that I do need.

I don't mess with that play money.

25 posted on 11/13/2012 6:35:45 AM PST by PJ-Comix (Beware the Rip in the Space/Time Continuum)
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To: DeaconBenjamin

Well, since the dollar is backed by the full faith and credit of the US government, I’d say this funny money is every bit as good as the dollar.


26 posted on 11/13/2012 7:14:57 AM PST by I want the USA back
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To: Charles Martel

There are also businesses accepting punts (in Ireland) and deutschemarks (in Germany).


27 posted on 11/13/2012 3:33:14 PM PST by DeaconBenjamin (A trillion here, a trillion there, soon you're NOT talking real money)
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