Alternative currencies getting more attention in Michigan

Alternative currencies getting more attention in Michigan

www.datelinezero.com

Like water, the Market will remove the obstruction with force if necessary. It can take time, because the Market is patient and subtle, and seemingly harmless. But it will cut through mountains if it needs to. (Think: The Grand Canyon.)

The State should be careful. In fact, the State should be afraid.

(visit the link for the full news article)


Related News Links:
business.financialpost.com

Related AboveTopSecret.com Discussion Threads:
Michigan Says No to Feds - Starts using its own currency

The article looks at the media coverage from last week, and the most recent coverage, all of it positive. NBC was practically boasting about how folks in Michigan are bartering with alternative currencies. A few articles referenced a law saying that business owners have final say over what currencies will be used.

As someone who lives in Michigan, I think that I'll jump right on this and start asking local business owners if they accept the Liberty Dollar or something similar.

www.datelinezero.com
(visit the link for the full news article)

[edit on 28-7-2010 by mother1138]

I foresee a massive msm campaign that accuses terrorist of using these "alternative" currencies to push laws against them in existence.

Are there any real numbers of how many people accept these alternative/real currencies ?

reply to post by no special characters


I think you just hit the nail on the head with that one. It will be for our own good of course. No way this will go on too long without getting checked.

Originally posted by no special characters
I foresee a massive msm campaign that accuses terrorist of using these "alternative" currencies to push laws against them in existence.

Are there any real numbers of how many people accept these alternative/real currencies ?

I live in Michigan and work all over lower Michigan and have never even heard of this so my guess is it's not too big...probably a fad that will pass.

reply to post by mother1138


If anyone here lives in Michigan and is interested in doing what they can to help expand the Michigan currencies please PM me.

Originally posted by Digital_Reality
reply to post by no special characters

 

I think you just hit the nail on the head with that one. It will be for our own good of course. No way this will go on too long without getting checked.

THERE IS NO LAW, that I know of, where it states that we must ACCEPT Federal Reserve Notes as payment of debt. They are debt instruments only. IOU's for the gold that FDR stole from the public and gave to the Rothschilds.

Show me the LAW!!!! I'm not from Missouri either.

reply to post by jfj123


First post here. If everyone thought like that, we are pretty much doomed to be slaves and might as well be on our knees kissing the governments feet.

Second line. Wait, third I guess.

[edit on 28-7-2010 by havenvideo]

in the town i live in hastings mi. thare is a currencie that you can use in most down town stores. kinds of like gift cards that most of the stores take. i seen a ad on tv for it.i think you can get them at the bank also.

Originally posted by havenvideo
reply to post by jfj123

 

First post here. If everyone thought like that, we are pretty much doomed to be slaves and might as well be on our knees kissing the governments feet.

Second line. Wait, third I guess.

[edit on 28-7-2010 by havenvideo]

But this is just another type of currency. Based on your logic, you shouldn't like this currency either.
Also, ever hear of bartering ??????

also, just curious but do you know how you can purchase these "currencies" ???

[edit on 28-7-2010 by jfj123]

I'd like to know what this currency is backed by. Is it a fiat currency, such as the federal reserve notes, or is it worth its amount in gold or silver? I mean for all we know it's simply backed by federal reserve notes. How does one acquire this money? If you have to buy the currency with federal reserve notes, then it's really nothing more than a federal reserve note by proxy. Who has the authority to print it? What sort of anti-counterfeiting measures are in place? This seems like a great idea on the surface, but a few things are needed. Safe measures need to be implemented to assure that some guy in his basement can't just print out as much money as he wants and go on a shopping spree. I'm pretty sure no place of business is going to pay their employees with it, and the government isn't going to accept it as payment for tax. While it may be legal for a business to accept any payment method they see fit, it definitely isn't legal to stiff Uncle Sam. So, as much as I would like a way to rid ourselves our dependency on the federal reserve, I don't see how this will work.

reply to post by nesta


You raise a lot of valid concerns my friend. Perhaps you would have some thoughts on the subject and could share your ideas on what you think is a good foundation for a "banking" or payment system.

- Is it sufficient to have it backed by a precious metal ?
- Would it be a government or private company that issues these ?
- What would decide on the value ?
etc.. ?

reply to post by no special characters


Ya I wonder if that would happen if enough people do business off the official market through the use of bartering with gold and silver, if the government wouldn't step in at some point.

Lansing is pretty hard up for revenue right now. So I would imagine that any transaction that doesn't use Federal currency would be seen as a threat, because there is no tax being collected.

reply to post by daddio


Law? You'll see soon enough. Govt NOW can impute the value of transactions and demand payment of taxable value in currency acceptable to them. You want to object? G'ahead Make their day. Kinda like they do with tips nowadays, they assume 15% of gross and bill for that.
The new financial reform will track everything and assign tax to whatever they infer you did financially, Can I prove it? Not exactly, we're not allowed to read it, but i know it's in there

Why are many states taking so many actions into their owns hands these days?? Defiance of federal issues or do they know of future events where these action may be prudent?? just a thought

reply to post by no special characters


I really don't know if backing it with precious metals would be viable or not, but it needs to have value in any case. I'm sure there are many ways to attach value to the currency. I'm not sure what the best way to go about this would be. I think it would be beneficial to implement a system that minimizes inflation and gives all the power over the currency to the market, how or if this can even be done will require some brainstorming. As for who issues it, this can be tied into my answer to your first question. If the currency can simply be printed up whenever more is needed, inflation will definitely happen, and power will be in the hands of people. So again, if we could think of a system where currency is controlled by the market and backed with intrinsic value, we could limit corruption and not allow the issuer to control the amount issued. Again, I haven't thought of a way to do this and I don't claim to know how. I'm pretty sure I inadvertently answered the third question.

Every once and a while people come into the place I work at trying to use Canadian Dollars. Of course we say no, but I guess that is an alternative currency.

I have had people try and pay with casino chips before, I have had women offer "services" for a room too. All of which I have denied.

Michigan is pretty much a doomed state as far as I am concerned, without manufacturing jobs or any other industry, I really don't see Michigan ever turning around. After all, Detroit isn't really a vacation destination kind of city. (unless of course your an urban survivalist or insane.)

Originally posted by whatukno
Every once and a while people come into the place I work at trying to use Canadian Dollars. Of course we say no, but I guess that is an alternative currency.

I have had people try and pay with casino chips before, I have had women offer "services" for a room too. All of which I have denied.

Michigan is pretty much a doomed state as far as I am concerned, without manufacturing jobs or any other industry, I really don't see Michigan ever turning around. After all, Detroit isn't really a vacation destination kind of city. (unless of course your an urban survivalist or insane.)

Just another ignorant post. Big surprise coming from you
Every state has it's ups and downs. To claim MI is "doomed" .....how absurd ! MI is a state in a downswing now but will return at some point. It's not like the federal government is going to cut MI loose.

reply to post by jfj123


I said pretty much doomed, not certainly doomed. Without any kind of jobs for this state for the people that live here, it's going to be difficult for Michigan to return.

Every state may have it's ups and downs, but Michigan has been going down since the 70s.

You have Detroit which is a cesspool hell hole that should just be abandoned completely. The auto industry is just barely getting by, no one has any plans to make this state better, the candidates for governor read like a who's who of criminal industry.