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 astonishing the number of people talking for granite that tiny pieces of paper they are carrying around on them retain real value. Assorted ways to exchange and value goods are developing at an all time rate. Some are even endorsed and used and by the famous and wealthy. While it is improbable they will overtake common types of money like euros or dollars, they are gaining popularity.
These alternative means of trade often become more popular during rough economic times. National money begins to dry up and people still have needs that need to be met. Families still have to buy food, they still have to pay bills and for goods and services. People have had to come up with creative ways to meet all these needs that are not illegal while still being accessible to the average 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 established corporations are starting to get in on this. Larger companies like amazon and starbucks and are also offering amazon coins and starbucks stars. These rewards can be easily exchanged for services and goods from the companies. A few years back other big companies tried using this approach, like camel and marlboro with camel dollars and marlboro miles. Both could easily be exchanged for different novelty items from the parent 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 astonishing the number of people talking for granite that tiny pieces of paper they are carrying around on them retain real value. Assorted ways to exchange and value goods are developing at an all time rate. Some are even endorsed and used and by the famous and wealthy. While it is improbable they will overtake common types of money like euros or dollars, they are gaining popularity.
These alternative means of trade often become more popular during rough economic times. National money begins to dry up and people still have needs that need to be met. Families still have to buy food, they still have to pay bills and for goods and services. People have had to come up with creative ways to meet all these needs that are not illegal while still being accessible to the average 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 established corporations are starting to get in on this. Larger companies like amazon and starbucks and are also offering amazon coins and starbucks stars. These rewards can be easily exchanged for services and goods from the companies. A few years back other big companies tried using this approach, like camel and marlboro with camel dollars and marlboro miles. Both could easily be exchanged for different novelty items from the parent 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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