North Carolina Town Prints Own Currency to Support Local Business

by Roy C | April 11, 2009 at 01:44 pm
1168 views | 83 Recommendations | 30 comments

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North Carolina Town Prints Own Currency to Support Local Business

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North Carolina Town Prints Own Currency to Support Local Business

Would you like to return to something practical, a latter-day version of Jeffersonian democracy, sustainable, and something that empowers the people, allowing them to meet their needs locally with full participation?

No article here, just the video that has been included.

Here you have an entire town dedicated to its own independence, with a bio-fuels co-op, Piedmont Bio-fuels, a farm, local book publishing enterprise, schools to support the co-operatives and all the rest and now their own currency.

The interview is with Lyle Estelle, the author of Small Is Possible.

The second video is from Fox Business News and features some of the other communities who have come up with new community-based currencies such as "the Berkshire", and is quite a good report.

For me, entering into the now dangerous area of editorialization (!!), this is a phenomenal development. Men and women such as the ones you hear about here will be the backbone and spearhead of the people's new world order, one that actually serves us, rather than elites.

My question to you who are interested and even excited by this topic is: would you guess that the person, an acquaintance, who sent me this link, was on the left or the right and was a dedicated member of an existing traditional religion, a New Age free form believer or an atheist?

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2
Roy C

All the republicans have been able to come up with is another round of tax cuts, while the democrats propose spending bills that they "hope" will revive an economy that needs re-structuring.

This is an example of that re-structuring.


2
aurealeus

This is actually happening in many places throughout the country.  Local currencies tend to work out well in small rural towns but their ability to function as viable tender in the larger metropolitan cities and beyond is questionable. Additionally, once (and if) these types of currencies take hold and start growing in competition with the dollar, you can bet your sweet bippy that the FED and USGovt. will quickly step in and enact laws against it, claiming that it devalues the already devalued (bogus) national currency a.k.a. "Federal Reserve Notes"

In response to your question at the end regarding  "left / right and religion"

I'm leaning towards straight down the middle of the road traditional libertarian/ constitutionalist.

END THE FED

1
JeffHuang

Interesting Idea. Thanks for the post.

0
Amy Judd

Interesting, it's not a bad thing to take matters into your own hands I suppose.

1
jazzyzazzy

This is a great idea,good on them.

0
sara star

How refreshing. Is it still legal?

2
Roy C

Yes, very much so.

This occupies a middle ground between barter and traditional money.

As the local economy grows, it can expand, too. Once the currency gets accepted in a wider geographic range, you can do all sorts of things.

For one thing, we just de-couple from dependence on the federal reserve. The de-coupling is both psychological and economic. A real path to independence.



0
steffanileman

Wow!

1
Roy C

Wow that squared!

Yeah, when you combine energy independence with an independent food supply and your own currency, you don't need to worry about if the Chinese are going to lend you some money or not so you can go and buy a big-screen TV or get some needed medical treatments.

You also participate in a real community, with a real sense of it being a community. That is the end of "alienation", if you ask me.

2
aurealeus

The concept behind "community-based currency" is that it can be traded equitably according to production throughout cities and towns and nationally should the concept catch on. (similar to barter but having something of value in reserve...remember the Gold/Silver Standard that use to back our national currency?) Because these community-based currencies operate on a system similar to barter, using their own currency as a medium of exchange, they tend to work well in smaller close-knit communities where most everyone knows each other forming the foundation of a secure public trust.

The problem with our current "Federal Reserve System" is the fiat currency it circulates is worth nothing and is based wholly upon DEBT.  A Federal Reserve Note is just that.... a Note, that has debt with a promise to pay attached from the moment it is LENT to the U.S. and put into circulation with interest. With each transaction, the debt accumulates causing the U.S. to BORROW more from The FED at MORE interest and so the vicious circle goes on and on until it inflates out of control and the bubble bursts.  Remember this when a bank offers to give you Credit?  In reality it is a play on words because what they in fact offer.... is debt. Kinda like an advertisement that says " BUY NOW AND SAVE".  How are you saving when you are spending?  

REAL MONEY is created through the production of goods and services and without interest, where the currency produced is a representation of the true-value of the goods and services produced. In a perfect value-based system, money would be printed according to what is in production. As products and services are taken out of production (sold) the money supply does not need to grow until new products are produced and because there is no debt attached, thereby stabilizing the currency (economy) and allowing for higher profits because of less debt and resulting in lower taxes. As new products and services are produced, new money is created in proportion to producion in order to purchase those goods and services. The result is a sufficient supply of money available for everyone who wishes to purchase that which is produced as well as a stable currency that meets the demands of the consumer and the economic needs of the community.

1
aurealeus

In case anyone is interested and/or participating.

There are "Tea Party" events (think - The Boston Tea Party) scheduled all over the country next week on April 15th where tens of thousands are expected to protest against unfair taxation.

The Tea Party effort is just a small piece of a much larger movement aimed at restoring the basic free-market principles our country was built on. The Constitution, for the most part, is being ignored by our current government and they intend on working together to correct the problem.

The Tea Party effort is a grassroots, collaborative volunteer organization made up of every day American citizens from across the country that takes pride in the fact that they've built a 50 state network of leaders and activists using nothing more than the internet, a few websites and a burning desire to restore freedom.

Lots (and I mean LOTS) of information can be found just by goooglingggg.



2
TheCameraObscura

The tea party is not a grassroots movement.


The principle organizers of many of the local events are actually the lobbyist-run think tanks Americans for Prosperity, Freedom Works, and Newt Gingrich’s American Solutions.


Fox News is also promoting this protest against the president of the United States.

10-12 Republican Congressmen and Governors, including Mark Saford who turned down much-needed education funds for South Carolina will be speaking at a tea party.

So will David Vitter, whose economic contribution includes employing prostitutes.

The constitution is not being ignored by the current government, but it was ignored by the Bush administration which trashed the 4th amendment and habeas corbus, and instituted indefinite illegal detentions, warrantless wire tapping and torture of innocent people.

Barack Obama gave the middle class the biggest tax break they have ever had, he is doing a fine job to "correct the problem."

Where were all these tea baggers when Bush spent 3 TRILLION in Iraq, killing innocent people?

1
aurealeus

The Tea Party started out as a grassroots movement with everyday people by promoting through blogs, chatrooms, and various other internet avenues.  While some groups such as Arron Russo's Restore the Republic eventually got on board and other new groups have since formed, it began and remains, a grass-roots movement.  Efforts are also underway by some to form a New Continental Congress to discuss further options.  Eventully all these fringe groups will unify their base to create Real Change. Not the same ol, same ol, good buddy what can I do for you, do for me regimes as has been for a century.

I think it's great that Newt Gingrich, Gov. Sanford and the others you mentioned are participating. It shows that not only everyday citizens are answering the call but finally some influential others are also. There are many other elected officials throughout the country that will also be attending as key speakers in all the various cities where Tea Parties are being held.  There is certainly no evidence whatsoever that the Tea Party Movement is some kind of orchestrated effort disguising itself as non-partisan. In fact, the evidence suggests quite the opposite with people coming from All walks of life and persuasion in support of fair taxation and related issues affecting our quality of life and nations economy.

Whatever the reason that people get involved, this type of involvement can only result in wider exposure for the cause of reducing taxes and cutting government waste and eventully all the trouble makers will be weeded out. We don't need tax breaks and stimulus packages... we need tax relief by ridding ourselves of the IRS monster that was born out of the Federal Reserve Act of 1913 and methods of control against wasteful spending of our tax dollars by elected officials.

While it is true that the tabloid Fox channel, The Huffington Post and some others want to use the event as a protest against the Obama Administration's bailout bills, (your hard earned money going to private domestic and foreign bankers and corporate execs.) most demonstrators are very aware that the problems have deep roots in our nations history caused by shady and unlawful amendments and Bench Decisions that have manipulated and effectively changed the true intent of the Constitution over time.

The United States Constititution has been ignored and/or violated on many occasions and continues to be so. As shown by some recent examples and as so blatently expressed by President George W. Bush in November of 2005, when Republican Congressional leaders filed into the Oval Office to meet with the President to talk about renewing the controversial USA Patriot Act and an aid expressed concern that the provisions in this law undermine the Constitution.  President Bush responded by shouting "Stop throwing the Constitution in my face, It's just a goddamned piece of paper!" In another example, Attorney General Alberto Gonzales, while still White House counsel, wrote that the "Constitution is an outdated document." This is the tone we hear much too often today and it is time to make it stop.

While in office, Bush proposed numerous amendments to the constitution. members of Congress have proposed some 11,000 amendments over the last decade, ranging from repeal of the right to bear arms to a Constitutional ban on abortion. The United States Supreme court has handed down many decisions over the last century adversely affecting the rights of the people under the Consititution. Just look at the 14th Amendment, it was intended to protect the newly freed slave and others during Reconstruction after the Civil War but the greedy corporations lobbied and sued in court, (and won) demanding the same rights as the individuals it was intended for. You can read more about it here.

Justice Scalia said "Tinkering with the Constitution comes from a loss of rights. We can take away rights just as we can grant new ones, Don't think that it's a one-way street." And don't buy the White House hype that the USA Patriot Act is a necessary tool to fight terrorism. It is a dangerous law that infringes on the rights of every American citizen and, as one brave aide told President Bush, something that "undermines the Constitution of the United States."

The war in Iraq is wrong. The Bush Administration lied to us about the reasons for invading and that is how we got there. The government and the media has worked hard over the years in the dumbing-down of Americans and it took the financial collapse of a nation and world economy to finally snap people out of it. Now we are facing Trillions more in bailing out private companies and banks both foreign and domestic. The worldwide banking cartel is the root of the problem. They have been funding both sides of every war since World War l.

Put aside for a minute, political affiliation or personal beliefs. It doesn't matter if you are a Democrat, Republican, Independent or Batman. It doesn't matter if you support the invasion or Iraq or not. Despite our differences, the Constitution has stood for two centuries as the defining document of our government, the final source to determine - in the end - if something is legal or right including our civil rights. Every federal official - including the President - who takes an oath of office swears to uphold and defend the Constitution of the United States. I took a similar oath when I served in the armed services and to this day... stand by that oath. If the people don't act and defend what Bush calls "just a - piece of paper".... who will?  The time has come to roll back and repeal all laws that are unconstitutional and benefit the few and special interests.

As for prostitution, I don't believe that applies here since I'm sure prosititutes have no problem finding employment as shown by the scandals on both sides of the isle who have employed their services on many occasions in the past.

The "tea baggers" (as you call them) are involved now.......how 'bout you?

2
batvette

I'm with you on the constitution's significance and that has some personal ramifications for myself, look up what Bush's citizen corps and other Stasi programs have become, it's called gangstalking and I've been targeted and harrassed for a couple of years now- there are snitches all over my neighborhood in San Diego and they treat the purposeful ruination of a fellow American and attempt to drive us into homelessness, incarceration or institutionalization by violent outburst, or even suicide, as a sick new thrill sport of empowerment and adventure.

Potentially HUNDREDS of THOUSANDS of Americans might already be involved, this is not a "could happen" it's a  DID and STILL IS GROWING nightmare:

  http://www.gangstalkingworld.com/Resources.html

See the section labelled "articles", especially the ACLU report on surveillance. See the "corbett report".  It is factual, not propaganda or speculatory and the government websites detailing these programs are all there, and it's just as shocking how little details they divulge. In short, all over America, your neighborhood watch group that wanted your help and wanted you at their open meetings in the 80's and 90's, closed those doors but expanded their powers all in the name of stopping terrorism- with fanatical, ideologue American "patriots" now on the lookout for the state, looking for "people who don't belong" and ANY suspicious activity, lawful or otherwise, to be handed to the FBI or other DHS agencies where they keep a file on you- WHEN THE DHS HANDLED 817,073 CRIMINAL CASES BETWEEN 2004-2007, AND ONLY 12 OR .0015% WERE FOR TERRORISM.  (sorry for shouting)

If you smoke pot or engage in one of a number of behaviours (even frequenting adult bookstores in some regions, you are now a sexual deviant!) considered unacceptable  you are now a threat, and an enemy of the state- accordimng to the DEA YOU  provide funding for terrorism!  And they can legally  hire "informants" to harrass and rid the neighborhood of you using Directed Energy Weapons similar to what the DOJ and DOD have announced they are ready to put in the hands of law enforcement. The radio frequencies they operate at are beyond the range of currently available (to consumers) equipment so this is the one thing which is admittedly difficult to prove, and we're not sure if they are active military, sheep dipped ex military now employed by the DOJ/DHS, or maybe even volunteers/contractors from private sector.. The snitch program, however,  is easily documented and widespread. The only way you can identify them is to see them communicate with "Stasi Signals". Google the term, there's lists out there.

Up until recently when people denied all this I didn't have a lot to say. I now know there are enough factual links out there to open government admissions they have actively done this to say people pretending we've not become what we stood against- and I served on an aircraft carrier from '79-83 to defend against- they are playing a dangerous game of ostrich and bear.

And the bear don't have KY.

All that being said, none of us should complain we were lied to about the war in Iraq. We never had any input on the decision, that's not the way out government works, you seem incredibly knowledgeable to just repeat that parroted talking point. Our elected representation on the federal level requested the DCI furnish an NIE on Iraq's weapons programs, which he furnished in October 2002 before their vote on the joint resolution. There was a parallel request from the executive branch. Neither of those branches of government by law could influence Tenet's compiling of that data (intel reform act of 1980) That NIE and its key judgements was the sole influence on the congressional role call which passed the JR into law. The only stream of intelligence during Bush's tenure which played a role in that policy and the NIE was from curveball, who was under scrutiny from Clinton apppointed DCI the whole time. (and curveball was the result of 1998's ILA Clinton signed into law)

the JR had key triggers placed in it that both allowed congress to stop the whole thing if appropriate (48 hour notice) AND believe it or not, bound George W. Bush by law to attack Iraq at the point in time:  A. Hans Blix determined on March 7 Saddam was irrevocably in breach of UN1441, and B. France declared absolute veto power over further resolutions.

So the SOTU address and yellowcake? Wholly irrelevant. No input by the populace and the notion that the legislative branch is dependent upon speeches from the executive branch for roll call on bills is astonishingly ignorant. But of course you knew that.  MOST relevant is the Joint Resolution contains within it not a single lie not point proven wrong. Not one.

(opinion: George and Congress didn't care if Saddam had WMD by march 2003 and what we found is irrelevant- in fact this is why we needed to remove him parallel to petrodollar peril- they knew he was gaming sanctions and if Blix were to declare Saddam as WMD free, which he would have by end of summer, and relaxed sanctions, as Blix indicated he would, Saddam was back on world {meaning HIS world, or the Persian Gulf, as the JR states the threat was to our national interests/national security issues in the gulf-THE OIL} tour and 3 nations coincidentally by far his weapons suppliers of choice, filling his pockets with oil money and doing all the legwork- (imagine how fast China would have drills in there!)- and as Duelfer's CIA report clearly judges he was going to produce a lot more WMD at that time)

Of course I can defend with substantiating links every single point raised as factual above, if not the opinion I form from my perception of those facts.

And that is that Bush and Cheney are a couple of jerks that allowed the media to so preoccupy the minds of America with thinking Iraq was the crime they were committing upon humanity, when it was right here in America. Every T was crossed and every I was dotted. Thus no Pelosi impeachment hearings in 2006 over Iraq, and the constitutional offenses so blatant but boring and protracted for media coverage they knew America would lose interest.  

Anyone calling me a Foxnews shill might be advised I haven't had cable for 8 years. Thank you for reading my long winded drivel.

0
aurealeus

"....you seem incredibly knowledgeable to just repeat that parroted talking point"

I understand and agree with much of your post.  By now I assume that most people know the true reaons why we invaded Iraq. I was mainly concentrating on the other topics and already thinking my post as being long-winded, decided to leave that particular point as stated.

Thanks for taking the time to fill in some of the blanks.

1
anonymous comment

It's called many things:  gang stalking, community-based harassment, mobbing, and organized stalking, among other terms.  What "batvette" says about it is true.  It's damned difficult to convince the average American that these activities are going on right under their noses as these operations are invisible to most, which "batvette" correctly reports.

3
batvette

I think all can agree that the only honorable "patriotism" one can have in all this is not to flag or a place with lines on a map or a CinC of a particular party, but to the constitution and most relevant the Bill of Rights.

http://www.archives.gov/exhibits/charters/bill_of_rights_transcript.html

As I think you indicated we swore to defend the constitution against all enemies foreign and domestic when we enlisted in the military. When people think how the world had long admired America, it was really on the basis of that nearly perfect piece of paper, as it was a refinement of the Magna Carta and we've drifted away from this covenant to stand as  a beacon of freedom for humanity.

At what point does the traitor become the patriot or vice versa, for overthrow of those who usurped power for personal gain?

1
batvette

Obama pours the same koolaid as Bush did, it's just more appealing so you're drinking it faster.

Tell me, is Obama a member of CFR? What think tank does Zbigniew Brezninski have an office in? (he's one of the key people who got him into office)

And do you realize the President most responsible for our current financial problems is not Bush but Clinton? He took campaign contributions from the Chinese and comnpanies doing business with them and altered every policy imaginable to facilitate the industrial revolution in China.  

As for the war in Iraq, well google "petrodollars" and if you realize alot of this is because that 35 year arrangement is slowly unravelling- now imagine if that while thing came down overnight in 2003 or so.... that's right, we removed Saddam because he had switched Iraq's oil sales to Euros and sanctions were going to end and Iran and Venezuela were set to join him. With the US seizing assets of Arab Muslim nations suspected of terrorist ties they were looking to diversify their holdings as well, by the end of 2003 with China, Russia and France having equal parts of a 25 year exclusive drilling rights agreement to Iraq's oil- now surveyed to be the largest reserves in the world- the US faced economic catastrophe.  Congress knew that, that's why they voted for it.

Forget all that, I'm replying to your post because such partisan sentiment is getting nowhere and suggests that because Bush is gone all is swell. It's not.

Obama's tax cuts cannot close all the factories in China or add value to the dollar. BTW, what is a "middle class"?

1
Roy C

Good post.

A "middle class" is what we used to have, a rare entity in the world of nations. Ours consisted of skilled tradesmen and well-paid factory workers, office workers and government bueaucrats.

A "middle class" person of the '50s and early and mid-'60s could afford a house on one salary, and one parent, almost always the wife, could stay home, or often just work part-time.

They had on TV, a car, a vacation, a medical plan. Their kids went to half-decent schools and on to college or entered a trade.

The oil boycott and the '70s with its inflation, the result of trying to conduct the War in Vietnam and the War on Poverty as the same time caused inflation, along with the rise in oil prices. When we had a recession, the inflation continued because the economy was now internationalized and the price of oil internationally determined what our purchasing power was worth.

We lost about 20% of our purchasing power and we have never gotten it back.

1
batvette

Remember the days when small towns were built around factories that produced things people wanted, the people took great pride in making them and you went to high school and got out and got a job at that factory? If you worked hard and saved a little you could put a kid in college and he went a little farther than you did.  That factory fed the town and built a Walmart down the road..... the factory withered then closed and the Walmart kept the town bustling while people lived off the assets of the town, maybe working at the Walmart...  it was not a sustainable situation, the factory produced something needed outside the town or country... we witnessed this since the 70's.

There are a lot of easy comparisons that magnified, show the problem. I think of the "two hammers" you could buy at Sears.  The Craftsman hammer was $20 and you could barely break it if you tried. The Chinese one next to it was $2, you had to buy a new one every year no matter what, whether it broke or was so ugly you loaned it out and didn't want it back. here was reason to buy the $20 hammer for many people. People in foreign countries even had a reason if they didn't like bad hammers. This leads to dollar recovery if  the dollar dips, our hammer gets to be a better buy for a guy in South America or Europe who likes good hammers.

 (a company called a/d/s/ in Massacheusetts made audio equipment so good it was a niche brand in Europe and Japan, for instance, I still have one of their flagship amplifiers and it's unrivalled by the Chinese stuff 20 years later)

Essentially policies were altered in the 90's which facilitated the transfer of manufacturing know how- which in the past amounted to corporate espionage- to allow Chinese factories to produce a hammer an American company could tag as its own. If they didn't get it right the first time the engineers of the American hammer company told them what they did wrong. Some Americans insisted on their $20 hammers, and the Chinese hammer rose to $3-4 as it got better, and the other American hammesr tried to drop to $15 to compete but the quality suffered and soon the hammers were identical.

Now the world buys one hammer, it's Chinese and ir's adequate. The American hammer, those who invented it and the forging process the Chinese now use, is a memory. For a while we all had cheap good hammers, now we have nothing to buy them with.

Now 1.3 Billion hammer factory workers want their own hammer and the industrial activity will virtually destroy the earth. What do you do if you're in charge of planning the best for the future of the world?

Stop making hammers, any way you have to. I believe our current financial situation is by intent, and if the powers that be care about their children, would concoct a similarly self destructive future for China. They weren't goimg to stop global warming by waiting for volunteer participation.

1
aurealeus

Readers might also be interested in learning that there will also be rallies on April 25th at every Federal Reserve location across this nation in an attempt to inform, educate and communicate to the public and our elected officials to support HR 833, which is intended to repeal the Federal Reserve Act of 1913 in an effort to end and abolish the Federal Reserve System.


More info here

2
CynicalPatriot

Anything we can do to can do to let our Politicians how upset we are about there greed and corruption is a step in the right direction?


Your Freind,

Don - The Cynical Patriot

1
TheCameraObscura

How exactly will these people pay taxes with their own currency?  Answer, they won't. next answer, jail.

1
aurealeus

Once the FED is abolished, there would be no further need for the IRS since the main function of the IRS, and the reason it was created is to collect taxes from (wages) income.  Government would become smaller and would collect only taxes that are apportioned as outlined and allowed by the U.S. Constitution.

1
Roy C

No, you can exchange your barter dollars for real ones and pay your taxes. You don't cut yourself off from the system, you de-couple to a large extent.

And, eventually the government will accept your legal tender if it is of value, the same way governments used to accept payment in potatoes and other food stuffs.


0
jumpingone

A similar system was running in Australia were credits are used for barter why not just make a by American local list

0
Roy C

I am just getting acquainted with all this. I will follow through and, yes, you could make a buy America list, but I think that there is the attempt here to make for as much autonomy as possible.

1
René

Sounds like some of the things the Solari Circles are doing.

Catherine Austin Fitts helped get them started, detaching from the 'Tapeworm Economy.'

1
Evil World News and Weather Network

Globalization (aka NAFTA) killed the textile mill as well as every other industry in this country. We need to take back our independence one town at a time. This is a great story of how a few people got together and grew a co-op.

0
batvette

This is symptomatic but taking back anything is problematic, as the damage was the loss of intellectual properties like manufacturing know how (processes, which as I said earlier were called industrial espionage if stolen) and the internet has been a two edged sword of easily transferred information.

We saw leaps and bounds in technology like computers but it has been a matter of transfer of wealth from America to the nations that ended up producing them. If you invented something today you will find a Chinese company making it tomorrow for half the cost and three more the next day for half of that. Not possible 30 years ago and the internet is a major cause of this "globalization".

Hey, free porn tho.

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