Reply #100: Time for a people's currency?

[dreamnightwind]

First, I found this article to be shrill and biased. That's not to understate the size of what the recent Fed papers release showed, it is truly astounding. But I get little perspective from this article, not much differentiation between money that was run around the track to keep the beast moving (but eventually repaid) and money that we are unlikely to recover. And that's an analysis I'd really like to see.

Regarding the overall situation, I think, just for kicks, we should look into moving to a People's Currency, that can be adopted by we the people. This currency would not carry the taint of empire, and it would spend only in the grass-roots.

Our U.S. currency is hopelessly controlled by the oligarchs. Just forget about it, it's not based on anything real anyway, and start building an organic alternative. Get local grocers to accept it. They can buy from local farmers who accept it. Hire tradesmen who use it.

Seems like this would be very difficult to get widely adopted, but if it did, it would be a way out of the trap we find ourselves in. New game.