Competing currency being accepted across Mid-Michigan

http://www.connectmidmichigan.com/news/story.aspx?id=481793

New types of money are popping up across Mid-Michigan and supporters say, it's not counterfeit, but rather a competing currency.

Right now, you can buy a meal or visit a chiropractor without using actual U.S. legal tender.

They sound like real money and look like real money. But you can't take them to the bank because they're not made at a government mint. They're made at private mints.

"I sell three or four every single day and then I get one or two back a week," said Dave Gillie, owner of Gillies Coney Island Restaurant in Genesee Township.

Gillie also accepts silver, gold, copper and other precious metals to pay for food.

He says, if he wanted to, he could accept marbles.

"Do people have to accept dollars or money? No, they don'," Gillie said. "They can accept anything they want or they can refuse to accept anything."

He's absolutely right.

The U.S. Treasury Department says the Coinage Act of 1965 says "private businesses are free to develop their own policies on whether or not to accept cash, unless there is a state law which says otherwise."

That allows gas stations to say they don't accept 50- or $100 bills after a certain time of day in hopes of not getting robbed.

A chiropractic office in Lapeer County's Deerfield Township allows creativity when it comes to payment.

"This establishment accepts any form of silver, gold, chicken, apple pie, if someone works it out with me," said Jeff Kotchounian of Deerfield Chiropractic. "I've taken many things."

Jeff Kotchounian says he's used this Ron Paul half troy ounce of silver to get $25 worth of gas from a local station.

While the government and banks don't accept them, many others do.

So why is there interest in these competing currencies?

Is it just novelty or is there something deeper?

Coming tomorrow on NBC25 news at 6 p.m., you'll see why supporters of competing currencies say their money is worth more and is inflation proof.

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Category:

Education

Tags:

• money
• inflation
• currency
• gold
• silver
• copper
• ron
• paul
• hyperinflation

[jhanders]

This is merely the beginning... cutting out the bankster criminal class is a foundation to regaining our freedom and dignity.

Learn, trade, embrace your power over their banking con job. Get out of fiat as fast as you can folks!

[lostinthemix]

Stupid reporter says "it looks and sounds like real money" thats because it IS real money you stupid fucking reporter, Gold AND Silver have and always will be REAL money, it's been that way for 5,000 yrs!!

[CausalObserver74]

yes an alternative currency would be wonderful but an alternative tax free currency would be even better!

[rebelspirit1000]

I hope each state makes it's own currency that is backed by Silver. Show these greedy banksters. CIVIL WAR, REVOLT! Sic Semper Tyrannis! Don't tread on me, mothafucka!!!!!!!!

[aviomaster]

@laffredo --- Tell the government to keep their fiat Dollars , do you know what is that mean -- one word - WAR

[NCIcaucus]

People are really waking up!!

[bubbles4436]

There would be no need for competing currencies or alternative currencies if we had money that was not issued as debt by banks.

The debt burden distorts the economy and inflicts many financial problems for everyone (except bankers and the rich).

The state should create legal currency, not borrow it.

[laffredo]

I think all local economies across America should develop their own competing currencies and tell the US government that they can keep their dollar.

[kingofthepaupers]

Jct: Despite the glitch at the 49 second mark, it does herald good news. Each transaction done with our own chips means the bankster loansharks got no interest. Har har har. Africans have no bank accounts and little cash and pay by transfering cell-phone minutes! Banksters get no vig. Har har. Banksters going broke with almost no one enjoying their trip to destruction. Who needs bank cash when we can trade phone social credits?

[SpreadingTruths]

The jew bankers (Rothschilds and others) created the Federal Reserve and the income tax so they could rob us by messing with our money system. That's why it's all fucked up to hell. Now they're using all this money they stole from us to try to make a one world government and make us all their slaves. Jews are hell bent on ruling the world.

[SpiritSphere12]

Glad to see copper being used as money. In my opinion when the average joe can't afford silver then they will turn to copper in order to preserve their wealth though this precious metal. the government over the years has ben slowly pulling out copper from the money supply and replacing it with worthless zinc with copper coating. 1 real copper cent is worth 2.5 cents just because of the copper content. Look for 1981 pennies and before those are 95% copper anything after that is just zinc folks.

[Empowered001]

Good to see that the worthless debt money printed by the Federal Reserve is meeting the alternative method.