Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: george76

The national governments should perhaps worry about this.

A corporate currency would be tied to the corporations products. So and Exxon “Petro” or Amazon “Booker” would, in effect have an intrinsic value based upon the value of the product being marketed because corporations could not issue more of the currency than could be redeemed for the products they provide.

That would make them safer currencies in many ways.


2 posted on 02/13/2013 5:46:14 PM PST by Fai Mao
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Fai Mao

Everything old is new etc. Until the 1930s most paper money in Canada was issued by private banks; the two largest banks here continued to issue notes until 1944.


10 posted on 02/13/2013 7:00:26 PM PST by Squawk 8888 (True North- Strong Leader, Strong Dollar, Strong and Free!)
[ Post Reply | Private Reply | To 2 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson