reply to post by TheImmaculateD1
you got me thinking..
A banknote (often known as a bill, paper money or simply a note) is a kind of negotiable instrument, a promissory note made by a bank,, payable to the
bearer on demand, used as money, and in many jurisdictions is legal tender.
but THIS is interesting......Many U.S. communities are creating their own currencies now. They try to help consumers and companies to fight the global
financial crisis and the recession.
The idea, borrowed from the Depression era when the currencies were known as "scrip", is designed to boost local spending and keep money circulating
within the community.
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.
In Traverse City, Michigan, more than 100 businesses accept "Bay Backs", among them restaurants, B&Bs, a doctor, accountant and even a tarot card
Local currency, on a much larger scale, is currently at work in the European Union. There are several countries within the Union that still use their
own national currencies instead of Euro – the official currency in EU.
so WHY NOT..!!
In the early 18th century each of the thirteen colonies issued their own banknotes. During the American Revolutionary War, the Continental Congress
issued Continental currency to finance the war. The federal government of the United States did not print banknotes until 1862. However, almost
immediately after adoption of the United States Constitution in 1789, the United States Congress chartered the First Bank of the United States and
authorized it to issue banknotes.
we should go back to the STATE run banking, printing and BACKING of money/.banknotes..!