Tuesday, August 28, 2012

Admist Euro Collapse Alternative Currencies Appear In Spain

It doesn't have to be gold or silver, though I would argue that they are the truest form of money, it can be anything.  In the end when money is suppossed to be a representation of the time it took to do a job and the value of our time.  And many Spanish towns are doing just that, creating alternative currencies based on hours or whatever metric they deem sufficent.  Mr. Bernanke and the FED should take note of this as it has even started springing up here in the good ol'
 US of A.

Personally I would be a little hesitant to accept a communitys script since it would be hard to exchange it with businesses and organizaitons outside said community.  Though that could admittedly change as in the 19th century local cities and banks issued their own 'dollars' with their own exchange rates to other competing currencies.  But until that happens I'll accept the greenback, while secretly wishing I was paid in silver or gold.

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Seattle resident whose real name is Kevin Daniels. This blog covers the following topics, libertarian philosophy, realpolitik, western culture, history and the pursuit of truth from the perspective of a libertarian traditionalist.