Tag Archive for Ithica dollars

Retro: Interest free Community cash: In each other we trust

gold_american_eagle_coin.top SOURCE U.S. Mint

Photo: United States $50 Gold Piece SOURCE U.S. Mint

from CNN money

States seek currencies made of silver and gold

By Blake Ellis @CNNMoney February 3, 2012: 10:53 AM ET

NEW YORK (CNNMoney) — A growing number of states are seeking shiny new currencies made of silver and gold.

Worried that the Federal Reserve and the U.S. dollar are on the brink of collapse, lawmakers from 13 states, including Minnesota, Tennessee, Iowa, South Carolina and Georgia, are seeking approval from their state governments to either issue their own alternative currency or explore it as an option. Just three years ago, only three states had similar proposals in place.

“In the event of hyperinflation, depression, or other economic calamity related to the breakdown of the Federal Reserve System … the State’s governmental finances and private economy will be thrown into chaos,” said North Carolina Republican Representative Glen Bradley in a currency bill he introduced last year. . . . Read complete Report

Back in 1995 in the “old” THEI paper fanzine we featured a full length story on Ithaca Dollars, the first ever anti-federal reserve, interest free method of exchange in the U.S. since 1913. . .

from youtube

The idea has grown although not much is mentioned in the press. This video from CNN is an exception.

from CNN Money