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money,money, money, money....

Colt Super
At one time in our Country, individual banks and, I think, municipalities, as well as other entities, issued their own currency. I'm pretty sure this happened during the Great Depression (and during the period of our Manifest Destiny).

Could this still be done, without the risk of immediate imprisonment??

Maybe sorta like barter ??

I'm seriously curious about this.

Doug
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Comments

11 comments

Date Votes
  • COLT
    ...Got a good scanner??...oh wait, that might not pass the "imprissonment" part...[:D]

    ani-texas-flag-1.gif
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  • kristov
    If I remember correctly it was the Great Depression that put an end to this issue of so called National Bank Notes, simply because the U.S. Treasury wanted to be the only game in town when it came to money.
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  • spasmcreek
    so whats any diff than the business in texas now accepting messico pesos for payment...supposedly increased business 30%....just another hole in the dike to drown America
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  • Talented
    There have been several attemts to create Electronic currencies

    Like E-gold and many othter(pokerplayers especially know all bout that)...But they all getting stopped by the rich and powerfull....
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  • kristov
    quote:Originally posted by spasmcreek
    so whats any diff than the business in texas now accepting messico pesos for payment...supposedly increased business 30%....just another hole in the dike to drown America


    I'd say they are playing it smart because the way things are going the Peso is going to be worth as much or more than the Dollar.
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  • bgjohn
    Sunshine Mines made a 1 troy oz silver round (coin) a few years back. They are about the size of a silver dollar but a little thicker. If the world of paper money ever collapsed these would be worth having. Paper would still be worth having if you needed to wipe your butt!
    JM[^]
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  • Henry0Reilly
    The US Government has a monopoly on currency. It wasn't all that long ago that citizens were not even allowed to own gold.
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  • bgjohn
    In 1964 LBJ made a statement that "silver has become too valuable to use for money".

    The Federal Reserve controls the value of our money. Big mistake? They made the great depression worse by their actions.
    JM
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  • Talented
    and the Federal reserve were started by and still is mostly owned by private interests...
    I think i recall.
    and now they make sure that nobody else can do what they themselfe did once upon a time
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  • buschmaster
    it must be that they don't allow other currency, because they want to avoid having the value of the dollar go down the toilet. or influenced by some large bank.

    probbaly, "e-currency" would have to be in the denomination of the US dollar and in actuality just be a money transfer service, like a credit card or GayPal.
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  • joeaf1911a1
    Doug: Having lived through the whole depession of '29 I never saw anything other than American curency used. Possibly in some "Company
    Towns" such as coal mining towns with "Company Stores" but not were I
    lived. However "barter" was widely used and accepted for a lot of things in farming and fishing towns here.
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