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Erich Bloodaxe BSN

(14,733 posts)

1. There have been similar solutions attempted in various places over time.

Reply to DetlefK (Original post)

Sun Jun 28, 2015, 10:09 AM

Jun 2015

I think it's a good idea, but governments tend to disagree, getting snippy about other currencies circulating in their boundaries.

But it would boost local economic activity, keeping more money circulating internally, rather than being drawn off by leeching multinationals and 'foreign investors'. (And let's face it, such 'investment' only exists specifically for the purpose of exploiting people and taking 'profit' from them for the shareholders.)

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Highlight:

A solution for Greece, invented by a russian farmer and a school-student [View all] DetlefK Jun 2015 OP

There have been similar solutions attempted in various places over time. Erich Bloodaxe BSN Jun 2015 #1

What would happen in the US if, say, each state had their own currency? PoliticAverse Jun 2015 #8

Scrip and alternate currencies like this are legal in the US and while uncommon do circulate. Chan790 Jun 2015 #9

I do think that Denmark and the UK still use their own currency, but do accept Euros. djean111 Jun 2015 #2

The market would ultimately set the exchange rate pscot Jun 2015 #3

Isn't that like when California was printing IOUs? (nt) Nye Bevan Jun 2015 #4

Interesting idea - and it operates enlightenment Jun 2015 #5

The entire Western world owes Greece a major debt of gratitude that it can KingCharlemagne Jun 2015 #6

Thinking outside the box Betty Karlson Jun 2015 #7