Barter Money Over USD or CAD?
In case you are not yet familiar with the Liberty Dollar, it is a private ‘barter’ currency. It not only circulates in the United States but also in other countries.
(Q) What is private ‘barter’ money?
(A) Any kind of money you want it to be.
Private currencies can be anything from a photocopy piece of paper to a round gold or silver medallion. If you can convince the merchant to accept your private money, then you can circulate it for others to spend (barter) with that merchant or other merchants.
Fortunately, the Liberty Dollar is NOT just a piece of paper. They have actual silver in secure vaults partially backing their currency and their ’rounds’, discs or medallions (whatever you choose to call them, just don’t call them coins) are made of precious metal either pure Silver or Gold.
Unlike minted US coins which are now crafted of inexpensive ‘not so’ precious metal like nickel or zinc, Liberty Dollars are really heavy and have real value. This private money is so popular that over $20 million dollars worth of LDs are in circulation. They also have a digital version, the eLibertyDollar. In fact the new US One Dollar Coins have a distinctively familiar look….hmmmm.
Its the chicken and the egg all over again!
However, since LDs are so strange and new, they tend to get a lot of negative press and criticism. Now, some may say, there is no such thing as bad press, as long as the name is spelled correctly. Even on occasion I have also kicked them when they were down and added to that bad PR burden…but the Liberty Dollar seems stronger today than ever.
If you have time check out their recent newsletter, while its a mouthful, it is pretty interesting reading and definitely worth following. I’ve followed them now for about 5 years and sometimes its wild! There are over two dozen popular private currencies I am aware of circulating in the US.
Wow. I was under the impression that the Liberty Dollar was simply a collectors coin (sorry, disc) and was unaware that anyone was actually using them as currency. Just another example of the growing trend of complimentary currencies. Many businesses looking to increase their sales and offset their cash flow are turning to another complimentary currency: barter. You can learn a lot about barter at http://www.barternews.com or our website http://www.bizx.com.
Best of all, when the local currency is pegged to the Time Standard of Money (how many dollars/hour child labor) Hours earned locally can be intertraded with other timebanks globally!
In 1999, I paid for 39/40 nights in Europe with an IOU for a night back in Canada worth 5 Hours.
U.N. Millennium Declaration UNILETS Resolution C6 to governments is for a time-based currency to restructure the global financial architecture.
See my banking systems engineering analysis at http://youtube.com/kingofthepaupers with an index of articles at http://johnturmel.com/kotp.htm