tag:blogger.com,1999:blog-6276436620527782297.post1497986215945261848..comments2023-08-12T07:55:32.551-07:00Comments on Jubilee Year -- Cancel Our Debt: The Theory and Practice of Credit Exchanges and Alternative MoneyJustinhttp://www.blogger.com/profile/01023125641719686613noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6276436620527782297.post-11116247535356023672009-10-18T13:13:09.159-07:002009-10-18T13:13:09.159-07:00As I was reading Richard C. Cook's review of T...As I was reading <a href="http://www.globalresearch.ca/index.php?context=va&aid=15651" rel="nofollow">Richard C. Cook's review of Tom Greco's latest book</a> that a selling point for local currency is that banks don't allow accounts in anything but FRNs, so if one wanted to live on a cash basis . . . There'd be no trail.wrafthttps://www.blogger.com/profile/11500342138768626670noreply@blogger.comtag:blogger.com,1999:blog-6276436620527782297.post-50768788263715798942009-10-08T20:58:55.435-07:002009-10-08T20:58:55.435-07:00Hi Justin,
I posted a comment on your real bills ...Hi Justin,<br /><br />I posted a comment on your real bills article.wrafthttps://www.blogger.com/profile/11500342138768626670noreply@blogger.comtag:blogger.com,1999:blog-6276436620527782297.post-25014596552409009942009-10-08T14:23:17.348-07:002009-10-08T14:23:17.348-07:00Thanks for the link tip, wraft, I will read up on ...Thanks for the link tip, wraft, I will read up on that. I have done previous research on Real Bills, and I agree, they are highly applicable to our contemporary situation. Check out my post on the topic and let me know what you think:<br />http://cancelourdebt.blogspot.com/2009/02/real-bill-economy-part-1.htmlJustinhttps://www.blogger.com/profile/01023125641719686613noreply@blogger.comtag:blogger.com,1999:blog-6276436620527782297.post-20426766413453725902009-10-08T08:27:58.983-07:002009-10-08T08:27:58.983-07:00It seems that local currencies could get into disc...It seems that local currencies could get into discounting real bills. Antal Fekete discusses Adam Smith's Real Bills Doctrine at <a href="http://www.thedailybell.com/374/Antal-Fekete-Real-Bills-Doctrine.html" rel="nofollow">The Daily Bell</a><br /><br />Discounting 90 day bills could be a profitable endeavor for local currency organizations.wrafthttps://www.blogger.com/profile/11500342138768626670noreply@blogger.comtag:blogger.com,1999:blog-6276436620527782297.post-11947941369127579762009-08-05T11:34:45.594-07:002009-08-05T11:34:45.594-07:00Ah, very interesting! Thanks for the update on th...Ah, very interesting! Thanks for the update on the security of paper, that is important to know. How much does it cost to print it?Justinhttps://www.blogger.com/profile/01023125641719686613noreply@blogger.comtag:blogger.com,1999:blog-6276436620527782297.post-28667855333473371682009-08-03T14:18:04.207-07:002009-08-03T14:18:04.207-07:00Paper currency is getting more secure all the time...Paper currency is getting more secure all the time, especially with RFID. The Hitachi Mu Chip (http://www.hitachi-eu.com/mu/) is so small, it is barely recognizable. It does not have a lot of memory. It can only hold a 38-digit number, but that is sufficient for preventing counterfeiting. <br /><br />Nevertheless, very interesting article. I like the idea of backing a line of credit in a mutual credit exchange. It could be seen as a security deposit. We at the Community Exchange Network of Portland are debating how we can operate a mutual credit clearing system. The thought occurred to me after reading your article that we could 1) work with local banks, 2) require a security deposit that earns interest 3) require participants to participate in the mutual exchange for a given period, say five years. After the five-year period, the depositor could withdrawn their funds at will and participate in the mutual exchange.Anonymousnoreply@blogger.com