With a failing economy spreading out to cover more and more aspects of service, retail, online products and banking institutions, many more people are curious why government should control the money supply. Called micro-currency and alternative currency this growing trend is gaining in popularity in all parts of the world.
It is amazing how people take it for granite that small pieces of printed paper they use and carry around with them really have any value. Various ways to value or exchange goods are starting to sprout up at a growing rate. Many of them are being used or endorsed by the rich and famous. While it is very unlikely they could ever overtake ordinary forms of currencies like dollars and euros, they are gaining momentum.
These unconventional types of bartering generally become increasingly popular during hard economic times. Centralized government money begins drying up and the people still have wants that must met. Families still must purchase food, they still must pay for bills, goods and various services. People came up with very creative ways for them to meet all these needs that will not be illegal while staying accessible to the typical person.
In the U. S. The federal reserve controls all money. While Americans can use this currency, actually it is not theirs. Defacing or counterfeiting us currency in the states is a federal crime that can land you in prison. Armed with this knowledge it is astonishing that thirteen states are looking to their state governments for to begin minting their own money.
Another popular trend is bitcoins and litecoins. One of the biggest advantages these have is that they are completely decentralized. They are fast, easy and completely anonymous world wide. People seem more than willing to put their faith in technology over more traditional economic institutions like banks.
A more local version is called berkshare in Berkshires used in the mid western part of MA. There are about 400 local small businesses that will accept them in place of U. S. Dollar. This also includes some 13 different banks which act as an exchange station. This helps to build closer community ties with businesses that accept and their patrons.
Even large corporations are getting on the bandwagon too. Large companies like starbucks or amazon are offering their starbucks stars or their amazon coins. These items are exchanged for different goods and services from each company. In the recent past other companies have used this business model like marlboro or camel with marlboro miles or camel dollars. Both were used to exchange for various novelty items when they were sent to the company.
Most advocates for alternative currency use believe they are a simple means of returning power back to the common people who live on the very fringe of this fiscal success. This will give people like the underemployed, elderly or disabled a fighting chance at economic freedom. As things start to get worse it will not be what items you have, so much as what you still have that you could exchange for something else. And this is what all these people are really banking their future on.
It is amazing how people take it for granite that small pieces of printed paper they use and carry around with them really have any value. Various ways to value or exchange goods are starting to sprout up at a growing rate. Many of them are being used or endorsed by the rich and famous. While it is very unlikely they could ever overtake ordinary forms of currencies like dollars and euros, they are gaining momentum.
These unconventional types of bartering generally become increasingly popular during hard economic times. Centralized government money begins drying up and the people still have wants that must met. Families still must purchase food, they still must pay for bills, goods and various services. People came up with very creative ways for them to meet all these needs that will not be illegal while staying accessible to the typical person.
In the U. S. The federal reserve controls all money. While Americans can use this currency, actually it is not theirs. Defacing or counterfeiting us currency in the states is a federal crime that can land you in prison. Armed with this knowledge it is astonishing that thirteen states are looking to their state governments for to begin minting their own money.
Another popular trend is bitcoins and litecoins. One of the biggest advantages these have is that they are completely decentralized. They are fast, easy and completely anonymous world wide. People seem more than willing to put their faith in technology over more traditional economic institutions like banks.
A more local version is called berkshare in Berkshires used in the mid western part of MA. There are about 400 local small businesses that will accept them in place of U. S. Dollar. This also includes some 13 different banks which act as an exchange station. This helps to build closer community ties with businesses that accept and their patrons.
Even large corporations are getting on the bandwagon too. Large companies like starbucks or amazon are offering their starbucks stars or their amazon coins. These items are exchanged for different goods and services from each company. In the recent past other companies have used this business model like marlboro or camel with marlboro miles or camel dollars. Both were used to exchange for various novelty items when they were sent to the company.
Most advocates for alternative currency use believe they are a simple means of returning power back to the common people who live on the very fringe of this fiscal success. This will give people like the underemployed, elderly or disabled a fighting chance at economic freedom. As things start to get worse it will not be what items you have, so much as what you still have that you could exchange for something else. And this is what all these people are really banking their future on.
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