Milwuakee may begin printing its own $$

NEW -> Contingent Buyer Assistance Program
Yes, local coupons might go a LONNNNG way. Its funny that the FEDS haven't shown up to put a squash on this.... I can just imagine the horror of said meeting.

-bix
 
milwaukee needs to tread lightly. they're walking the fine line between the mass mailing the local pennysaver and undermining congress's constitutional authority "To coin Money, and regulate the Value thereof..."

that line of the constitution is followed by:

"To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;"

then i recalled reading these headlines in the news yesterday:

Pentagon to Detail 20,000 Uniformed Troops Within the United States

putting on my tinfoil hat for a moment... coincidence??? methinks the people of milwaukee are in for a real a$$-whoopin'.
 
acpme said:
milwaukee needs to tread lightly. they're walking the fine line between the mass mailing the local pennysaver and undermining congress's constitutional authority "To coin Money, and regulate the Value thereof..."

that line of the constitution is followed by:

"To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;"

then i recalled reading these headlines in the news yesterday:

Pentagon to Detail 20,000 Uniformed Troops Within the United States

putting on my tinfoil hat for a moment... coincidence??? methinks the people of milwaukee are in for a real a$$-whoopin'.
Click to expand...
They can do whatever they want as long as they avoid 3 things: representing their own securities as being backed by the Federal government, allow the exchange of their currency for Federal Reserve notes, and allowing their currency to be used outside of the state borders or in interstate-commerce.

If we get to the point of armed military patrolling the streets and enforcing laws, especially under Obama, I think we can kiss the Constitution goodbye. Not that I think Obama will become a dictator, rather that we will be in full blown rebellion against the government.
 
acpme said:
milwaukee needs to tread lightly. they're walking the fine line between the mass mailing the local pennysaver and undermining congress's constitutional authority "To coin Money, and regulate the Value thereof..."

that line of the constitution is followed by:

"To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;"

then i recalled reading these headlines in the news yesterday:

Pentagon to Detail 20,000 Uniformed Troops Within the United States

putting on my tinfoil hat for a moment... coincidence??? methinks the people of milwaukee are in for a real a$$-whoopin'.
Click to expand...

There is an extensive history of local currencies in the US. They have not had trouble with the US Treasury because they do not purport to be dollars. Seehttp://www.appropriate-economics.org/materials/local_currencies_catalysts.pdffor an example.

For another interesting example, visit Second Life. The Linden Dollar has an exchange rate with the US Dollar (and other major currencies). Seehttp://secondlife.com/whatis/economy-market.phpSecond Life presents a particularly interesting example, because in principle you could follow every single transaction as a long running natural experiment. So far, the Second Life real estate market is healthy.
 
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