Page 1 of 2 12 LastLast
Results 1 to 10 of 15

Thread: This Is Kind Of Interesting

  1. #1
    Inactive Member cincygreg's Avatar
    Join Date
    April 17th, 2001
    Posts
    7,366
    Follows
    0
    Following
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quoted
    1 Post(s)

    Post This Is Kind Of Interesting

    Had heard about things like this, but never read too much about it...

    Communities print their own currency to keep cash flowing
    Updated 1d 23h ago

    In Detroit, three downtown businesses have created a local currency, or scrip, to keep dollars earned locally in the community.

    By Marisol Bello, USA TODAY
    A small but growing number of cash-strapped communities are printing their own money.
    Borrowing from a Depression-era idea, they are aiming to help consumers make ends meet and support struggling local businesses.

    The systems generally work like this: Businesses and individuals form a network to print currency. Shoppers buy it at a discount ? say, 95 cents for $1 value ? and spend the full value at stores that accept the currency.

    VIDEO: Scrip: It's all the rage
    Workers with dwindling wages are paying for groceries, yoga classes and fuel with Detroit Cheers, Ithaca Hours in New York, Plenty in North Carolina or BerkShares in Massachusetts.

    Ed Collom, a University of Southern Maine sociologist who has studied local currencies, says they encourage people to buy locally. Merchants, hurting because customers have cut back on spending, benefit as consumers spend the local cash.

    "We wanted to make new options available," says Jackie Smith of South Bend, Ind., who is working to launch a local currency. "It reinforces the message that having more control of the economy in local hands can help you cushion yourself from the blows of the marketplace."

    About a dozen communities have local currencies, says Susan Witt, founder of BerkShares in the Berkshires region of western Massachusetts. She expects more to do it.

    Under the BerkShares system, a buyer goes to one of 12 banks and pays $95 for $100 worth of BerkShares, which can be spent in 370 local businesses. Since its start in 2006, the system, the largest of its kind in the country, has circulated $2.3 million worth of BerkShares. In Detroit, three business owners are printing $4,500 worth of Detroit Cheers, which they are handing out to customers to spend in one of 12 shops.

    During the Depression, local governments, businesses and individuals issued currency, known as scrip, to keep commerce flowing when bank closings led to a cash shortage.

    By law, local money may not resemble federal bills or be promoted as legal tender of the United States, says Claudia Dickens of the Bureau of Engraving and Printing.

    "We print the real thing," she says.

    The IRS gets its share. When someone pays for goods or services with local money, the income to the business is taxable, says Tom Ochsenschlager of the American Institute of Certified Public Accountants. "It's not a way to avoid income taxes, or we'd all be paying in Detroit dollars," he says.

    Pittsboro, N.C., is reviving the Plenty, a defunct local currency created in 2002. It is being printed in denominations of $1, $5, $20 and $50. A local bank will exchange $9 for $10 worth of Plenty.

    "We're a wiped-out small town in America," says Lyle Estill, president of Piedmont Biofuels, which accepts the Plenty. "This will strengthen the local economy. ... The nice thing about the Plenty is that it can't leave here."





    Could see this growing into a lot of other areas as well.
    "The question isn't what are we going to do today, the question is what aren't we going to do today"-Ferris Buehler<p>T.T.Y.L. Greg

  2. #2
    Sheriff Beachcomber's Avatar
    Join Date
    March 26th, 2006
    Posts
    1,352
    Follows
    0
    Following
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quoted
    0 Post(s)

    Re: This Is Kind Of Interesting

    Another sign of increasing lack of trust in the federal government. A la lanterne!

  3. #3
    Inactive Member cincygreg's Avatar
    Join Date
    April 17th, 2001
    Posts
    7,366
    Follows
    0
    Following
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quoted
    1 Post(s)

    Re: This Is Kind Of Interesting

    It is an interesting concept. I'm pretty sure most people would be pretty good with $5 off every hundred they spend.
    "The question isn't what are we going to do today, the question is what aren't we going to do today"-Ferris Buehler<p>T.T.Y.L. Greg

  4. #4
    Senior Hostboard Member Geral's Avatar
    Join Date
    July 29th, 2021
    Posts
    160
    Follows
    0
    Following
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quoted
    7 Post(s)

    Re: This Is Kind Of Interesting

    There are number of companies present all over the world, striving to give their customers the best value for their investment.

  5. #5
    Senior Hostboard Member Geral's Avatar
    Join Date
    July 29th, 2021
    Posts
    160
    Follows
    0
    Following
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quoted
    7 Post(s)

    Re: This Is Kind Of Interesting

    To multiply your investment, you can open an e-commerce store. As an ecommerce store owner, you can be under intense pressure to cut down on the overhead of developing your store. To focus more on using online, the best way to achieve your goal is to create a Magento store efficiently, easily, and inexpensively! The company https://belvg.com/magento-development helps online stores to follow the path in accordance with the latest market trends. Create your dream online store with us and experience the masterpiece of your business.

  6. #6
    Junior Hostboard Member dora_monast's Avatar
    Join Date
    September 20th, 2021
    Posts
    1
    Follows
    0
    Following
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quoted
    0 Post(s)

    Re: This Is Kind Of Interesting

    I advise you to follow the link if you are interested in e-commerce and module-presta https://module-presta.com/prestashop-services.html

  7. #7
    Junior Hostboard Member alexandrgauk's Avatar
    Join Date
    September 22nd, 2021
    Posts
    2
    Follows
    0
    Following
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quoted
    0 Post(s)

    Re: This Is Kind Of Interesting

    I read all the comments, I like your opinion on the subject. You can find more information by following the link to this website Magento Website Development. Professional Magento Support — BelVG Extensions Store

  8. #8
    Junior Hostboard Member doraflores's Avatar
    Join Date
    October 7th, 2021
    Posts
    5
    Follows
    0
    Following
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quoted
    0 Post(s)

    Re: This Is Kind Of Interesting

    Upon seeing all the comments, I understand that you can find the information you need by following the link to this website

  9. #9
    Junior Hostboard Member doraflores's Avatar
    Join Date
    October 7th, 2021
    Posts
    5
    Follows
    0
    Following
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quoted
    0 Post(s)

    Re: This Is Kind Of Interesting

    I've looked through everything people have written here and realized that you can find the information you need by following the link to this website

  10. #10
    Junior Hostboard Member doraflores's Avatar
    Join Date
    October 7th, 2021
    Posts
    5
    Follows
    0
    Following
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quoted
    0 Post(s)

    Re: This Is Kind Of Interesting

    I have reviewed everything that people write here and realized that you can find the information you need by clicking on the link to this website JasseWaller's MOBAFire Profile: League of Legends (LoL) Community Profile

Page 1 of 2 12 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •