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PeakOil is You

PeakOil is You

Scrip Based Local Economy

Discussions about the economic and financial ramifications of PEAK OIL

Scrip Based Local Economy

Unread postby Cloud9 » Mon 13 Jul 2009, 08:35:20

Unemployment has skyrocketed, foreclosures are happening on every street and government is cutting its budget. People are leaving the county to find work or to move back in with their parents. The government is scrambling for new sources of revenue as old sources dry up. We are suffering from a cash flow problem. This problem may become even more critical as the Federal Government pursues its goal of hyperinflation in an effort to re-inflate the financial bubble.

Unemployment and foreclosures are images we are all familiar with. In school, we read about these things happening in the Great Depression. Now we are seeing them with our own eyes.

Just like in the Great Depression, citizens are going to start losing their property because they cannot pay their property taxes. This will bring about the final collapse of the tax base and end government as we know it. Without action, the social safety net will fail.

The purpose of government in our political system is to sustain the environment in which the individual can procure food, shelter and safety. These elements are the three pillars of security. Failure to protect these elements is a failure of government. A failed government loses its legitimacy to rule.

The primary sources of security are land and labor. The county has an abundance of both. All that is necessary to sustain the local population is the bringing together of the available land and labor to provide food, shelter and personal security for the local population.

An abundance of labor lies in the legions of unemployed and under employed. More legions sit idly in the county detention facilities.

The county has an abundance of land. The county has legal claim against millions of dollars in real property in the form of tax liens. These leans represent value; they are levied against property of real value. These liens could be the basis for the creation of a county currency in the form of scrip. This scrip would be backed by the tax liens held by the county. They could be used to fuel the local economy.

The county comptroller could be given the authority to print up a county currency that could be used as a means to allow the county to be paid in kind. A person unable to pay his taxes but willing to work could work for the county and be paid in scrip. This scrip could be used to pay his taxes. A farmer could pay his taxes in cattle or grain which would be exchanged for scrip. Those needing assistance would be paid in scrip which could be exchanged for locally produced goods and services.

Hundreds of acres sit ready for cultivation. Hundreds of homes sit vacant. The unemployed sit waiting.

htp://www.usatoday.com/money/economy/20 ... crip_N.htm
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Re: Scrip Based Local Economy

Unread postby pablonite » Mon 13 Jul 2009, 09:19:04

Cloud9 wrote:The county comptroller could be given the authority to print up a county currency that could be used as a means to allow the county to be paid in kind.

Possible on a county level in certain locations perhaps but what is happening right now in America is by design.

The banks own the debts, the collateral on those debts, have a steady income from the interest on those debts and because of this own America and its "government". With the money supply firmly in the control of private banking interests instead of with the people is a form of economic slavery.

A shortage of a man made construct like money is quite ridiculous if you think about it.

Slavery is likely to be abolished by the war power, and chattel slavery abolished. This, I and my European friends are in favor of, for slavery is but the owning of labor, and carries with it the care of the laborers, while the European plan, led on by England, is that capital shall control labor by controlling wages. . . . The great debt that capitalists will see to it is made out of the war must be used to control the value of money. To accomplish this, the Government bonds must be used as a banking basis. . . . We are now waiting for the Secretary of the Treasury of the United States to make this recommendation. It will not do to allow greenbacks, as they are called, to circulate as money any length of time, as we cannot control that, but we can control the bonds and through them the bank issues.

"Hazard Circular" circulated to U. S. banks during the campaign for the National Bank Acts during the Civil War.
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