Question about this article...........

[Ponce]

If the government were to come out with a new currency at a exchange rate, let's say, of 3 new one for one old one...... would this home made dollar be the same?
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Apr

15

08:17
Let's Make Some Money!

Tags: ECONOMY
It is within the power of any state facing severe budget shortfalls to issue dollar denominated certificates in lieu of actual dollars, Federal Reserve Notes that are nothing more than certificates themselves. Scrip is paper money created out of thin air as is the currency issued by the Federal Reserve, a private bank that is not affiliated with the Federal Government. The Fed lends money to the government at interest, and as it is currently the sole source of currency the government must continually borrow additional funds to pay the growing interest. It a vicious cycle, a Ponzi scheme that has grown a national debt of $12.8 trillion.

[BillBoard]

Is there a link?

[Ponce]

Sorry........here ya go.

http://consciousape.ning.com/profiles/blogs/lets-make-some-money

[Ash_Williams]

The thing with California is that they issued the IOU's and these were NOT accepted back as payment of taxes. That's what the author fails to realize. Simply issuing their own scrip would result in their own scrip coming back to them when what they really need is FRNs to pay those who would not accept IOUs or scrip. Real problems generally don't get solved by printing money.

[Ponce]

A town internal bank would give $105.00 of towns money for $100.00 of fiats.

The towns businesses would make up for those extra $5.00

Also........the town businesses would give another 5% discount for those with the towns money when buying at THEIR stores.

The towns internal bank would redeem the towns money for fiat on demand at a rate of 1=1..... the other 5% would be for administrative cost and to help the towns poor.