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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (12330)	12/11/2006 2:15:08 PM
From: Ilaine	Read Replies (1) \| Respond to of 217591

Central banks don't create credit. They are just clearing houses. Credit is quasi-money backed by non-liquid assets like land, fixed capitol, and labor. The only way credit can be created is if the borrower and the lender can agree on a price, which includes the time value of money, and opportunity costs. When the Constitution was enacted, slavery was legal, women couldn't vote, and neither could men who did not own land. I don't regret bidding farewell to those barbarisms, either. As for Confederate money becoming worthless -- what do you expect from a country whose economy depends almost entirely on slavery, after the slaves are freed? Not to mention the fact that the Confederate government issued fiat money to serve its own purposes, not the purposes of business, commerce, and industry. That's always a bad move.

To: TobagoJack who wrote (12330)	12/11/2006 2:59:29 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 217591

MASSACHUSETTS COMMUNITY PRINTS ITS OWN MONEY Just ten weeks after Berk Shares made their debut on the streets and in the cash registers of southern Berkshire County, Massachusetts, trade in this model local currency has been brisk. Berk Shares Inc., the organization sponsoring the project, estimates that 333,000 Berk Shares have already been purchased from the four participating banks. Much of that has already gone into the hands of the 188 participating local merchants and service providers, who, in turn, have spent the currency at other participating local businesses. Berk Shares are attractive bills that celebrate local heroes, landscapes, and the work of local artists. Their use helps keep community assets from leaving the Berkshires for far-off places. Every Berk Share spent means more money in the hands of Berkshire businesses. And as the Berk Shares keep circulating, the effect is cumulative. An estimated 3,000 people have been using Berk Shares on a regular basis for food, movie tickets, clothing, books, music, and a variety of services from legal advice to landscaping, from car repair to carpentry. . . . Berk Shares Inc. is cosponsored by the E. F. Schumacher Society and the Southern Berkshire Chamber of Commerce. Participating businesses accept Berk Shares at full dollar equivalent in payment for goods and services. Some restrictions may apply to accommodate the individual nature of each business. As long as the Berk Shares stay in circulation - for change, partial payment of salaries, and purchase of goods - they will keep full dollar value; however, when merchants accumulate too many in their cash registers, they can redeem the notes at participating banks for 90 cents on the Berk Share, thereby offering regular customers a ten percent discount. www.berkshares.org