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Michigan Says No to Feds - Starts using its own currency

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posted on Jul, 21 2010 @ 03:29 PM
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Originally posted by Survivorman
What they are doing is NOT illegal...


Under US law, small communities can produce their own currency so long as it does not include coins and does not resemble federally-issued money. The currencies are not a tax dodge as the income to participating businesses is liable to tax.


Source


yes it is liable for tax
however, it is 10 times harder to track
by the IRS

These companies do not report this
to the Gov or to the Fed Res.
So basically it is just like under the table
money.

You will not get a 1099 income form
or a W-2 wage statement for said
currency.




posted on Jul, 21 2010 @ 03:35 PM
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reply to post by Mr. Tinkertrain
 
I think the people that supply the Federal Reserve Notes want what we do for the dollar.






posted on Jul, 21 2010 @ 03:38 PM
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Originally posted by Mr. Tinkertrain

Might as well pay for a 60 inch sony television with a rock.



Or a worthless piece of cloth that was once tied to a hunk of gold. LOL



posted on Jul, 21 2010 @ 03:39 PM
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I guess the only options for my area is either to have no bank or to bank with a credit union (thats what I changed to).



posted on Jul, 21 2010 @ 03:45 PM
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To be honest, I know of companies here in Michigan that Barter tens of thousands of dollars of goods and services every year, it's the same principle. It's all based on the worth people assign your "scrip". Back in the Original 13 days, each colony had their own.



posted on Jul, 21 2010 @ 04:17 PM
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Originally posted by Danbones
South dakota has done it right they have started their own state bank

motherjones.com...’s-only-state-owned-bank-became-envy-wall-street


Absolutely! And to top it all off, S Dakota was the only state that showed a fiscal surplus because of this. This is probably why the feds pushed the financial reform bill through - because of the potential to us sovereigns to have a non govt bank handling our cash.



posted on Jul, 21 2010 @ 08:59 PM
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Thanks OT I didn't think any one caught that.
If all the states started their own banks to handle their revenues and credit, and their citizens revenues and credit, and based the value of their scrip on production like pre world war two Germany did, and legalized hemp and decriminalized drugs, it would be all over for the NWO in a couple of years. America would be exporting the ideal of the republic to everyone who saw it in action...

nothing in my post is conjecture...it has all been seen to work...



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