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The "War on Cash" - Printable Version

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The "War on Cash" - Magda Hassan - 05-01-2017

Local communities can and will just create their own currencies. Indian and Arab communities have used gold and jewels.


The "War on Cash" - Lauren Johnson - 05-01-2017

Magda Hassan Wrote:Local communities can and will just create their own currencies. Indian and Arab communities have used gold and jewels.

I believe in the US it is illegal to issue a new currency.


The "War on Cash" - Magda Hassan - 05-01-2017

Lauren Johnson Wrote:
Magda Hassan Wrote:Local communities can and will just create their own currencies. Indian and Arab communities have used gold and jewels.

I believe in the US it is illegal to issue a new currency.

Too late. Been going on for years. Can't be stopped.

http://timebanks.org/

http://www.lightlink.com/hours/ithacahours/

http://www.cyberclass.net/turmel/bankmath.htm

http://www.complementarycurrency.org/ccDatabase/les_public.html


The "War on Cash" - John Knoble - 06-01-2017

If they're going to require people to use banks (private institutions with deposit insurance that is woefully inadequate in the case of a major banking contraction), they ought to offer banking through the Postal Service backed by the full faith and credit of the government as a number of other countries do.


The "War on Cash" - Peter Lemkin - 06-01-2017

I went to Norway this past summer after not having been there for quite some years. I was there for many weeks and while I intended to, I never got around to getting cash - and didn't need to - EVERY possible purchase, now matter how small, can be made with a payment card. It already is a cashless society by and large. In fact, some gas stations and other stores will not take cash.