B.J. Lawson and Susan Witt on Fox Business - Local Currencies on the Rise!

http://LawsonForCongress.com
http://CampaignForLiberty.com http://draftkokesh.com/

BJ Lawson (who was called "Ron Paul Jr." during his campaign for Congress) joined Susan Witt on Fox Business to talk about their interesting work with local currencies, the Plenty and the BerkShare, April 10, 2009.

Category:

Nonprofits & Activism

Tags:

• Berkshare
• Plenty
• BJ Lawson
• Susan Witt
• Campaign for Liberty
• YALiberty
• Fox Business
• Lawsonforcongress
• Federal Reserve
• EndtheFed

[BlueSkies360]

that is the way to go! Now let's back it with gold and watch people moving to that state and get wealthy :)

[jboyko3]

This is kind of like what the confederacy did during the civil war. And I don't have a problem with this so much as I do a very simple question... What is being used to back this currency. The Dollar? Well I personally am not very comfortable with paper being used to back paper if that is the case. If I'm going to have faith in a receipt, I'd at the very least like to know what I have to look forward to as a hard asset for my good faith in an initial investment.

[jboyko3]

I've been noticing a lot of this lately. I think it's some kind of glitch in YT's system. I've been seeing a lot of legitimate comments being marked as spam.

[jobyweeks]

ink and paper are still worthless. Its all about silver and gold. Whats up with the chick that cant even talk right? Its agonizing!

[Arlo003]

Why is this marked as spam? How does a comment get marked as spam?

[jpace4revolution]

Real money is gold and silver and cannot be counterfeited . Don't use paper use silver. American Open Currency Standard uses silver and is real money. Once people understand AOCS they realize they don't really need a bank.

[eurohim]

More fiat isn't the way. Just use gold and silver instead. That way you don't have to worry about their value collapsing because gold and/or silver have value in themselves as opposed to those pieces of paper.

[fakechicken]

local organic food is kind of more practical than gold or silver in almost any situation. but just like fed notes, if someone with those commodities agrees to exchange them for your currency, then yes, you can gain those assets with it.

[psbyowner]

can you buy real assets with it? like gold, silver, land? if not, then i wouldnt go all in on something like this.

this is a FEMA initiative, actually. in an emergency (such as complete dollar devaluation) local communites would have to support themselves.

[fakechicken]

Hyperinflation is why the original PLENTY failed. I know it's difficult to get excited over anything dealing with economics these days, but an active local currency actually is a step in the right direction. I live outside Pittsboro and I've seen a concert, bought dinner, and got a used book with PLENTYs. The owners of those businesses, their employees, other users of the currency and I all benefited from those transactions.

[fakechicken]

it's a start. It's not like someone in Raleigh has $7 million in gold bullion to start up a real local currency. The point is that by using the local market, they have a 9:10 exchange rate, giving the consumer a 10% discount on all purchases. if you ask for PLENTY as change for a transaction in fed. res. notes, it's like giving the merchant a 10% tip. the merch. can concert to FRN for tax time, but other than that, the dollars would state in the immediate area and bolster the local economy.