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Central Banks Nervous As Alternative Currency With David Bowie's Face Goes Viral
Submitted by John Vibes via TheAntiMedia.org,
One of the best ways for the general public to take power back is to develop alternative currencies — both local and global — that allow people to trade outside of the corporate-government banking systems and central bank notes.
Many people in different areas of the world have been moderately successful at implementing local currencies, such as Mountain Hours or Ithaca Hours, which have gained traction in the U.S.
In London, an interesting alternative currency bearing the face of pop singer David Bowie has recently come into circulation. According to Market Watch, the local currency is specialized for the Brixton community in southwest London. It is officially called the “Brixton Pound.”
Tom Shakhli, manager of the Brixton Pound effort, said:
“They are using it because they want to feel connected to the local area. Every time you use it, you’re like a financial activist. You’re taking part in this act which is subverting the norm, which is to hand over your £10 note very passively.”
Shakhli pointed out that the project is intended to make a statement about the foundation of money, as well as provide an alternative to the current monopoly.
Shakhli said that his main goal with the project is to ask:
“What is money? Does it have to be either printed by the state or created by the banks? Why can’t money be localized? Why can’t money feature a pop star or a black historian? Does it have to feature establishment figures?”
So far, there are currently 200 local businesses that have signed up to participate in the Brixton Pound program.
The increasingly popular Brixton Pound is making central banks nervous — and rightly so. Following the success of the Brixton Pound, new alternative local currencies are now popping up all over the U.K. The Oxford Pound, Kingston Pound, and Palace Pound are just a few of the currencies that have been recently introduced. The Bank of England has been forced to respond to these local currencies because of their popularity, deeming them “voucher schemes” and warning the public that they are unprotected when using them.
A document released by the Bank of England claims that:
“Local currency schemes lead to significant and unanticipated impacts on aggregate economic activity.”
According to the document, the Bank of England will also attempt to delegitimize local currencies by
“Design[ing] features and marketing material [to] help users recognise that local currency paper instruments are like vouchers and not banknotes.”
* * *
For the economy to really be in the hands of the people, it is necessary to decentralize the currency and to have an open-source network of competing currencies that are community based and easily exchangeable. While it is impossible to predict how we will trade a century or even five years from now, we can still observe how people are innovating within their own areas and take those lessons into account for when state and bank issued currencies finally diminish in value to the point where they are unusable.
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How about a ''Johnny Rotten'' pound? Picture of John Lydon
Originally a pound, was a troy pound of Sterling silver. The paper we get today from the BoE is nothing more than vouchers.
Talk about irony... Where's my pound of silver Mr. Carney? What's your "promise to pay" worth?
The fucking cheek.
I still like the Freddie Mercury pound idea.
https://www.youtube.com/watch?v=D2yymMhjRu8
BowieCoin. Put all your Mattress money into it. I did.
Finally more people are thinking about what money is. This is really great becaue it doesn't take long to see the FRAUD banksters are committing against fellow citizens of their nations. Arrest the banksters of the Bank of England for treason.
I hope Obama doesn't hear about this...
How about a John Lennon POUND?
IMAGINE
How much for that BigMac and fries? 10 Yellow Submarines??
North London (big Jewish community) could have the Schyloch Boteach pound. Pigtails, blackhat and fleas surrounding his head
how about the salt pound, then the banksters can go pound salt!
When they say protected they mean.
If you come to me with your voucher I can say no thanks I want the pound, you then have to come up with a pound no police will enforce your voucher for exchange. If you came to me with a pound and i said no thank I want the voucher the law would say that I MUST take the pound or the debt is discharged.
It's not talking about protecting the value LOL.
For those here who don't know it, Brixton is the primarily BLACK part of London.
Are you naturally ignorant and bigoted, or did you have to take special lessons?
“Local currency schemes lead to significant and unanticipated impacts on aggregate economic activity.”
Hah! Says the most corrupt institution in the World, who without any remorse WHATSOEVER devalues honest workers livelihood in order to enrich their croney colaborator friends around the globe. C'mon! Your actions are becoming more and more transparent. More and more people are waking up to your schemes. I mean, there are some that will never wake up, but we really aren't counting on these lost souls!
https://www.youtube.com/watch?v=dLYafk0Lui0
https://www.youtube.com/watch?v=iYYRH4apXDo
Ziggy Stardust bucks or notes in a time of Space(ed-out) Oddity.
Caitlyn Jenner $3 notes next?
"Ground control to Major Tom,
Your circuit's dead,
There's something wrong.
Can you hear me, Major Tom . . . ?
Can you hear me, Major Tom . . . ?
Can you hear me, Major Tom . . . ?"
Well and Britain/UK has lost some banks to Nationalization since they can't keep their dicks in their pants.
Bank of England, US Federal Reserve, Riksbank, ECB set the policy that has led to failure.
Royal Bank of Scotland Group Plc,Royal Bank of Scotland Group Plc*,,,,,,,,,,,
Ticker,RBS LN Equity,,,,,,,,,,,
Includes Loans to:,"Citizens Bank of Pennsylvania, RBS Citizens NA, RBS Securities Inc., RBS Securities Inc., Royal Bank of Scotland NV/New York NY, Royal Bank of Scotland Group PLC, Citizens Bank of Pennsylvania, RBS Citizens NA and Royal Bank of Scotland NV/New York NY",,,,,,,,,,,
Identified in Fed Documents as:,"CITIZENS BK OF PA, RBS CITIZENS NA, RBS Securities Inc., RBS Securities Inc., ROYAL BK OF SCOTLAND PLC NY BR, Royal Bank of Scotland Group, CITIZENS BK OF PA, RBS CITIZENS NA and ROYAL BK OF SCOTLAND PLC N",,,,,,,,,,,
Capital Raised From Home Governments,"$74,000.00",,,,,,,,,,,
Programs,"TAF, TAF, TSLF, ST OMO, TAF, CPFF, DW, DW, DW",,,,,,,,,,,
Country,Britain,,,,,,,,,,,
Industry,Banking,,,,,,,,,,,
"Average Daily Balance
From 8/1/2007 to 4/30/2010","$21,424.96 ",,,,,,,,,,,
Peak Amount of Debt,"$84,500.00 ",,,,,,,,,,,
Peak Date,10/10/2008,,,,,,,,,,,
Number of Days In Debt to the Fed,661,Market Cap,Percent of Market Cap,CPFF,TAF,ST OMO,TSLF,TAF,TAF,DW,DW,DW
-
Before the 2008 collapse and the general financial crisis, RBS Group was very briefly the largest bank in the world and for a period was the second largest bank in the UK and Europe (fifth in stock market value), and the fifth largest in the world by market capitalisation. Subsequently, with a slumping share price and major loss of confidence, the bank fell sharply in the rankings, although in 2009 it was briefly the world's largest company by both assets (£1.9 trillion) and liabilities (£1.8 trillion).[8] It received significant support from the UK government, which, as of August 2015, holds and manages an 73% stake through UK Financial Investments (UKFI).[2]
-
HBOS Plc,HBOS Plc*,,,,
Ticker,HBOS LN Equity,,,,
Includes Loans to:,Bank of Scotland PLC/New York and Bank of Scotland PLC/New York,,,,
Identified in Fed Documents as:,BANK OF SCOTLAND PLC NY BR and BANK OF SCOTLAND PLC NY BR,,,,
Capital Raised From Home Governments,"$27,000.00",,,,
Programs,"TAF, DW",,,,
Country,Britain,,,,
Industry,Banking,,,,
"Average Daily Balance
From 8/1/2007 to 4/30/2010","$8,260.12 ",,,,
Peak Amount of Debt,"$18,000.00 ",,,,
Peak Date,11/20/2008,,,,
Number of Days In Debt to the Fed,672,Market Cap,Percent of Market Cap,TAF,DW
-
On 13 October 2008, the Treasury would infuse £37 billion ($64 billion, €47 billion) of new capital into Royal Bank of Scotland Group Plc, Lloyds TSB and HBOS Plc, to avert financial sector collapse or UK "banking meltdown"... looks like 40% ownership was planned for HBOS Plc.
-
Barclays Plc,Barclays Plc*,,,,,,,,,,
Ticker,BARC LN Equity,,,,,,,,,,
Includes Loans to:,"Barclays Bank Delaware, Barclays Bank PLC/NY, Barclays Bank PLC/NY, Barclays Capital Inc./Old, Barclays Capital Inc./Old, Barclays Capital Inc./Old, Barclays PLC and Barclays Bank PLC/NY",,,,,,,,,,
Identified in Fed Documents as:,"BARCLAYS BK DE, BARCLAYS BK PLC NY BR, BARCLAYS BK PLC PARK AVE BR, Barclays Capital Inc., Barclays Capital Inc., Barclays Capital Inc., Barclays PLC and BARCLAYS BK PLC NY BR",,,,,,,,,,
Capital Raised From Home Governments,$0.00 ,,,,,,,,,,
Programs,"TAF, TAF, TAF, PDCF, TSLF, ST OMO, CPFF, DW",,,,,,,,,,
Country,Britain,,,,,,,,,,
Industry,Banking,,,,,,,,,,
"Average Daily Balance
From 8/1/2007 to 4/30/2010","$19,105.23 ",,,,,,,,,,
Peak Amount of Debt,"$64,890.20 ",,,,,,,,,,
Peak Date,12/4/2008,,,,,,,,,,
Number of Days In Debt to the Fed,724,Market Cap,Percent of Market Cap,CPFF,ST OMO,TSLF,PDCF,TAF,TAF,TAF,DW
-
Standard Chartered Plc,Standard Chartered Plc,,,
Ticker,STAN LN Equity,,,
Includes Loans to:,Standard Chartered Bank/New York,,,
Identified in Fed Documents as:,STANDARD CHARTERED BK NY BR,,,
Capital Raised From Home Governments,,,,
Programs,TAF,,,
Country,Britain,,,
Industry,Banking,,,
"Average Daily Balance
From 8/1/2007 to 4/30/2010",$836.65 ,,,
Peak Amount of Debt,"$2,850.00 ",,,
Peak Date,11/6/2008,,,
Number of Days In Debt to the Fed,462,Market Cap,Percent of Market Cap,TAF
-
Lloyds Banking Group Plc,Lloyds Banking Group Plc*,,,,
Ticker,LLOY LN Equity,,,,
Includes Loans to:,Lloyds TSB Bank PLC/New York NY and Lloyds TSB Bank PLC,,,,
Identified in Fed Documents as:,LLOYDS TSB BK PLC NY BR and LLOYDS TSB BK PLC MIAMI AGY,,,,
Capital Raised From Home Governments,,,,,
Programs,"TAF, DW",,,,
Country,Britain,,,,
Industry,Banking,,,,
"Average Daily Balance
From 8/1/2007 to 4/30/2010",$323.47 ,,,,
Peak Amount of Debt,$505.90 ,,,,
Peak Date,12/27/2007,,,,
Number of Days In Debt to the Fed,661,Market Cap,Percent of Market Cap,TAF,DW
-
Lloyds: As of August 2015, HM Treasury held a 12.97% shareholding through UK Financial Investments.[3]
-
HSBC Holdings Plc,HSBC Holdings Plc*,,,,,,,
Ticker,HSBA LN Equity,,,,,,,
Includes Loans to:,"HSBC Bank USA NA/New York NY, HSBC Holdings PLC, HSBC Securities USA Inc., HSBC Securities USA Inc. and HSBC Bank USA NA/New York NY",,,,,,,
Identified in Fed Documents as:,"HSBC BK USA NA, HSBC Holdings PLC, HSBC Securities (USA) Inc., HSBC Securities (USA) Inc. and HSBC BK USA NA",,,,,,,
Capital Raised From Home Governments,,,,,,,,
Programs,"TAF, CPFF, TSLF, ST OMO, DW",,,,,,,
Country,Britain,,,,,,,
Industry,Banking,,,,,,,
"Average Daily Balance
From 8/1/2007 to 4/30/2010",$461.38 ,,,,,,,
Peak Amount of Debt,"$3,736.10 ",,,,,,,
Peak Date,3/12/2009,,,,,,,
Number of Days In Debt to the Fed,324,Market Cap,Percent of Market Cap,ST OMO,TSLF,CPFF,TAF,DW
Brighton England (down on the South coast has had Brighton pounds for quite sometime.
Well this is a fun solution. It is an interesting idea and I actualy see potential in a post fed world as the pendulum swings away from the big ones. If 1929 happens again, this will fix it quickly. However over long term any local currency will be inefficent. It is too easy to destroy them through speculation or counterfiting, they have large costs for world business and cannot be accepted anywhere. What we need is one simple, sound, easy to review value world currency. One that will predictable and set to known easily available factors. One that can expand as much as an economy can expand and contract as much.
Well that is my I have a dream speech. Sure enough these coupon skims, bitcoins, gold should not be banned, but used in a similar fashion as now.
Maybe these local currencies will open the door, as you say, to that one currency where transparancy will finally be accepted as the only viable way. No hidings and no trickery. Where every piece of information will be available, at all times! Central Banking system seriously needs to disband and disspaear, for the benefit of 99%!
Holy, holy, hold on to anyone, hold on to anyone
But just let me be
Holy, holy, hold on to anyone, hold on to anyone
But let go of me
There is no reason the currency has to be limited to Brixton, any town can honor it if they choose to.
In England, a pound note is issued by the Treasury as seigniorage. The power of currency is why banksters want to ban it.
In other words, tangible physical note is actually beneficial to population, and it can go on to do trade or be saved.
The seigniorage to Treasury allows taxes to drop.
The real problem is BANK CREDIT, which is remaining 97% or so of circulating supply. Bank credit comes at interest and is LOANED into supply, not spent.
Bank Credit is intangible ledger money at inception, and has a debt instrument counterpart. Banksters make intangible credit as money and bulk of economy runs on these digital credit numbers, not currency.
Transacting in a credit world is debiting and crediting double entry ledgers across the banking system. Reserves are used by banks to balance their ledgers. A check deposited in one bank settles with the issuing bank on the overnight (reserve) market.
When one swaps digital bank credit numbers by buying physical notes, digital (also called on-account) credit numbers morph, as physical note relates more to Treasury than to banks. In other words, when converting digital on-account credit to actual physical notes, there is a power transfer ...and notes have much more power than does bank credit. This is why holding cash is sometimes a good thing, especially if banksters are emitting too much of their credit.
Treasury allows bank credit to swap for their Treasury notes, as part of the deal for giving banks money power, namely that bank credit is good for paying taxes, good for settlment of legal debts. Treasury allows bank credit numbers (created from loans) to buy their physical currency.
In case of U.S., physical notes relate to original gold certificates and Treasuries that started Federal Reserve system. Coins are issued a seigniorage, but not bills. Physical notes in the U.S. are first demand against the original "wealth' of Federal Reserve system.
A physical note is a claim on gold certificates and original TBills. Congress wrote into law in order to recall FED and shut it down, if FED got out of hand.
This power of currency is why Banksters want to ban it. They don't want demands on their original "assets." If bulk of money supply was Treasury money, then there would be fewer debts. Treasury money is not loaned into existence. Fewer debts means less interest/usury for banksters.
Treasury money settles debts and can circulate forever without vanishing from existence. Physical money wears out but is usually replaced to go back into circulation.
With local currencies (LC) one buys at a discount, and LC circulates locally buying goods at face value. For example, one can buy a local currency pound at .90 and it buys 1.00 worth of goods/services. Local circulation is a way of helping local economies, as this money does not go down the yellow brick road to OZ (doesn't go away to money centers). Local currency is usually not good for legal settlements, so it is constrained in its circulatory path.
Brixton pound has other "Art" on their notes, not just David Bowie.
The Pound note is also backed by one pound of sterling silver. That's why the pound is worth over 1.5 USD. Can you believe some welfare cases in England are pulling in 40,000 Pounds a year? What would that be worth if the Pound was still backed by sterling silver.
What is a Pound Sterling or Brixton Pound worth if there is little investment in the UK and Few Good Paying Full Time Jobs?? In Rotschild's Bank of England or UK Treasury?
Well the Gold Sovereigns and Silver Sovereigns are worth what the market will bear.
Still was wondering...
One of the Rathskellers was at the London School of Economics before getting a Doctorate from Chicago university and before Joining WW II and working in Intelligence... David Rockefeller I think.
He had great relationships in England, and also seemed to become a Socialist or follow Liberal Socialism and humanitarian causes.
So I think the UK turn of the Century was very Socialist Leaning as was the USA.
Could this be why the Crown and the Government did nothing to encourage Investment within the UK???
Monarchs and Capitalist hated Communism and the Labor Movement, so with a Trade Economy and little Investment they could control the people better.
- 20th Century was a long war by Capitalist against the Labor Movement, Communism, and Socialism... though it was always a close fight
when trying to be secure in your finances, the simplest thing to do is to think of the money supply reverse pyramid. put bluntly, it looks something like this:
\ deposits /
\ cash /
\gold/
V
From tragedy and hope:
In each country the supply of money took the form of an inverted pyramid or cone balanced on its point. In the point was a supply of gold and its equivalent certificates; on the intermediate levels was a much larger supply of notes; and at the top, with an open and expandable upper surface, was an even greater supply of deposits. Each level used the levels below it as its reserves, and, since these lower levels had smaller quantities of money, they were "sounder." A holder of claims on the middle or upper level could increase his confidence in his claims on wealth by reducing them to a lower level, although, of course, if everyone, or any considerable number of persons, tried to do this at the same time the volume of reserves would be totally inadequate. Notes were issued by "banks of emission" or "banks of issue," and were secured by reserves of gold or certificates held in their own coffers or in some central reserve. The fraction of such a note issue held in reserve depended upon custom, banking regulations (including the terms of a bank's charter), or statute law. There were formerly many banks of issue, but this function is now generally restricted to a few or even to a single "central bank" in each country. Such banks, even central banks, were private institutions, owned by shareholders who profited by their operations. In the 1914-1939 period, in the United States, Federal Reserve Notes were covered by gold certificates to 40 percent of their value, but this was reduced to 25 percent in 1945. The Bank of England, by an Act of 1928, had its notes uncovered up to [250 million, and covered by gold for 100 percent value over that amount. The Bank of France, in the same year, set its note cover at 35 percent. These provisions could always be set aside or changed in an emergency, such as war.
...
We have said that two of the five factors which determined the value of money (and thus the price level of goods) are the supply and the demand for money. The supply of money in a single country was subject to no centralized, responsible control in most countries over recent centuries. Instead, there were a variety of controls of which some could be influenced by bankers, some could be influenced by the government, and some could hardly be influenced by either. Thus, the various parts of the pyramid of money were but loosely related to each other. Moreover, much of this looseness arose from th fact that the controls were compulsive in a deflationary direction and were only permissive in an inflationary direction. This last point can be seen in the fact that the supply of gold could be decreased but could hardly be increased. If an ounce of gold was added to the point of the pyramid in a system where law and custom allowed 10 percent reserves on each level, it could permit an increase of deposits equivalent to $2067 (much more today as the book was publised in 1966) on the uppermost level. If such an ounce of gold were withdrawn from a fully expanded pyramid of money, this would compel a reduction of deposits by at least this amount, probably by a refusal to renew loans.
of course, all this is quite obsolete today, would require the rule of law, and the gold standard....
Big story here.
I count 17 Local Currencies in the USA.
http://www.centerforneweconomics.org/content/active-local-currencies
I'm hung up on seignorage.
What other methods are there to add money supply, Money Stock, to the Economy other than monetary seignorage??
Normally I don't think of the Treasury or Federal Reserve as buying debt in a normal year to expand money supply.
And as I understand it the Treasury sells only T-Bills and Bonds. While the Federal Reserve actually does the exchanges or sales or purchases in a double entry accounting transaction.(debits & credits)
- Higher Reserve Requirement or lower reserve requirements for all banks would change the money supply
- Each year the US Govt has more debt to roll over and more debt to issue... this is FISCAL Policy type money supply increase
- Changing Bond Terms from short to long or vice versa has some effect, but wouldn't expect much difference
- But what am I missing here...?
correct me if i'm wrong but isn't there a central bank money (for the governments) and a commercial bank money (for the common folk)? of course not counting all the shadow banking skulduggery.
reserve requirements are rarely changed (except china) as it would cause immediate liquidity problems for the banks with low excess reserves.
Basel III Agreement seems to have moved forward and should be in effect about now... this had Reserve Requirements that put a strain on all banks or at least the big ones.
High Reserves to prevent the need for Bailouts, Bail-Ins, and market Interventions.
I was just looking at Gold Certificates.
US Has not used Gold Certificates Publically, but Karen Hudes posted a picture image of Gold Certificate/Bond issued by the USA after WWII for use at the IMF or BIS as SDR Reserve.
I had a jpg here somewhere but now can't find it. Anyway the Gold Certificate is now out of date so there is a question on if USA would withdrawal Gold from the IMF/SDR.
I just have not idea if that is true.
https://en.wikipedia.org/wiki/Gold_certificate
https://research.stlouisfed.org/fred2/series/USNUM
I don't know if this chart is the right one, but will look for better one. Looks like $2.6 Trillion
https://research.stlouisfed.org/fred2/series/WRESBAL
https://research.stlouisfed.org/fred2/series/NONBORRES
https://research.stlouisfed.org/fred2/series/BOGNONBR
But I don't know If I have the right chart yet.
"money," or a median of exchange is whatever people agree for it to be. If it's central bank fiat notes, Bowie Bucks, PMs, cigarettes, bitcoins, or caps (bonus for the reference, wink wink,) it doesn't matter.
"Value" is relative and decided by interacing parties.
I would have put Thom Yorke on the face. But thats just me.
FRNS...Faggot Reserve Notes
Are Central banks are vervous about someone else's funny munny? That's a laugh. They couldn't care less.
People can make up whatever "money" they want, whether beads or seashells or pieces of paper, it's whatever the 2 parties decide to agree the value of any medium of exchange.
The fools are those who ACCEPT this munny.
This article gives us no information about how the money is created or destroyed.
A "properly managed" MOE process knows money for what it always has been, is now, and always will be: "A promise to complete a trade".
Money is created by traders getting their trading promises certified. The certificates (money) than are exchanged as the most valued object in simple barter. When the trader delivers as promised, the certificates are returned and destroyed. If the trader defaults, and equal amount of interest is collected to recover the defaults. There is no money in circulation representing this trade before the certification or after delivery. Thus, inflation is guaranteed to be zero and supply and demand for the money is always in perfect balance.
I can guarantee you this new local money is not using a proper process to manage the MOE and thus it is wide open to manipulation. Pretty soon these will start to be compromised and the government will step in to bring order (and assure control).
These people should be less worried about whose face is to be honored (in my opinion, no face should be honored) and should worry more about how they will guarantee universal free creation and acceptance of the money and zero inflation (i.e. perfect retention of value).
I think a good base unit for a media of exchange would be "an unskilled labor hour". Such a measure has been unvarying throughout recorded histroy. And that ties in nicely with the guarantee of zero inflation.
The "unskilled labour hour" in west Africa is about 35 cents. And that's the (high) union wage for international construction companies employing local labour.
The "unskilled labour hour" in the US has been an ounce of silver. A week of middle management is an ounce of gold. The ratio between the 2 has usually been the number of "unskilled labour hours" a manager needs to spend to oversee his minimally staffed laborers, i.e. the number of ounces of silver he could exchange his weekly pay for. Thus it varies depending on the timing of the economic cycle. It used to be tied to agricultural needs, (planting, watering, harvesting), and may still be, though tangentially.
Our ability to overproduce others has more to do with the private ownership of the tools of production, (in lieu of whatever the latest GMO flavor of the month happens to be), thus reducing the amount of "misallocated capital" due to the even greater "central planning" dictates burdening other countries and their forms of government. However, we will not be enjoying these diminishing differences for much longer I believe as we are rapidly degenerating into a serious period of distrust of those whose positions, character and conduct were and are designed originally to embody that virtue in both government and finance.
just my observation and stating the obvious.
However, we will not be enjoying these diminishing differences for much longer I believe as we are rapidly degenerating into a serious period of distrust of those whose positions, character and conduct were and are designed originally to embody that virtue in both government and finance.
The unskilled labor (and skilled labor) in Michigan fell in love with themselves (in both the furniture and automotive industries). They forgot that their value was as an easily replaced laborer. But government interfered with importing of laborers less proud of themselves from other regions (e.g. the south ... which is what stocked Detroit in the first place). So the factories moved to the south. And when labor fell in love with itself there, the factories moved to Japan. And then to China.
Regardless. The real value of an unskilled laborer never changed at all. Just the artificial value changed. And traders are very good at judging value and trading accordingly.
What's being discussed here is a unit of measure. How much can an unskilled laborer do?
The "unskilled labour hour" in west Africa is about 35 cents. And that's the (high) union wage for international construction companies employing local labour.
An "unskilled labor hour" in prison solitary confinement is zero. Just as a $100,000 diesel engine is worthless without diesel fuel, so, an unskilled laborer is worthless if there is no work in his localle. Move either to the resources they need, and both perform at the same level as resources already there.
Don't make unnecessary clouds.
The British have a long history of operating alternative currencies.
The Bristol £ has been in operation for years.
A decentraized currency is Feudal era economics coupled with Victorian era Gold standard this is the funeral of the Anglo-America financial complex.
A decentraized currency is Feudal era economics coupled with Victorian era Gold standard this is the funeral of the Anglo-America financial complex.
Bunch of brigands and criminals, they are, what with the voluntary use of a medium of exchange unapproved by their rulers. They'd not have pulled this if we still had old Edward the Longshanks at the helm!
Kike banksters will fight hard to keep their ponzi schemes alive.
i don't know about "official",
.
The One and Only
https://www.youtube.com/watch?v=kNICF-CxG7w
All your Brixton Pounds are belong to us.
It should be stated as a matter of historical record, and as evidence of self-conscious sedition and being "enemy combatants", that most ZHers are among the most informed, ironic, cynical, irreverent, bugger bloody mfers the world has ever known, with eyes wide open as they gaze into the Nietzchean Abyss, daring the Abyss to stare back.
Let it be said that, when the guillotines, firing squads, and gas chambers are fully employed en masse, that ZHers stood firm with flipped birds, eyes wide open (instead of wide shut), and a sardonic grin.
https://www.youtube.com/watch?v=1gYsrptJ6HUI
We're all on the "Highway to Hell" (of our own paving, good intentions or otherwise).
"The only thing better than a bottle of scotch . . . is two bottles of scotch."
-- Bon Scott
Zerohedgers are meme carriers.
Thelonious Monk - Straight No Chaser
https://www.youtube.com/watch?v=D9udeWOjjls
http://www.northcoastbrewing.com/beer-brotherThelonious.htm
The Clash Guns of Brixton
https://www.youtube.com/watch?v=hiQoq-wqZxg
I wonder how much copy protection that paper have, should be certainly easier to replicate fake ones than official currencies. In any case, they are still only replacing paper with another paper so no future.
Putting out fire with gasoline
Somewhat fitting that the men who sold the world are being replaced by someone who wrote "The Man Who Sold The World."
The face of Aladdin Sane ! My fav album by him.
"..warning the public that they are unprotected when using them."
"Just Us" does not realize that they exist to protect the public from their alleged government. LOL
the Hendrix note is a blotter, go ahead lick it and seeeeeeeeeeeeeeee
If it is not backed with anything but faith and paper, then why bother? The idea of local currencies is not bad, and could well take hold in a collapse, but it would be running up against a barter system - where actual products are traded.
ISIS dinar?
"zionotes" currency... burn them all & give me gold n silver
We know Major Tom's a junkie