posted on Dec, 7 2009 @ 05:56 PM
Originally posted by octotom
As the report stated, one "potomac" is worth 95¢. So, when the business goes and exchanges five potomacs, they'd only get $4.75 as opposed to
Cup of Coffee = $5
Cup of Coffee = 5.26P
Whereas P = Potomac
Same amount of money. When the US Dollar tanks, the potomacs will not.
inflation causes US dollar to virtually lose 5 cents of value.
The potomac would not lose value, and then be worth 100 cents, instead of 95.
This is my take on it.
This is a very good idea and I thought about doing something similar but I do not live in a large enough town for something like this to kickoff.
Someone invests in graphic designers (me), accountants, printers and equipment, etc and starts a very large mint. The currency must be backed by
gold, and must be able to be exchanged for the paper currency at any time. If this started in NYC or another large city, it could just be a solution.