North Carolina Town Prints Own Currency to Support Local Business

North Carolina Town Prints Own Currency to Support Local Business

We take a look at how one North Carolina town is trying to become more self-sufficient by moving toward being able to feed, fuel and finance itself. The town of Pittsboro houses the nations largest biodiesel cooperative, a food co-op, a farmers market and, most recently, its own currency, the Pittsboro Plenty. Pittsboro is one of a number of communities across the country printing their own money in an attempt to support local business.

Category:

News & Politics

Tags:

• north
• carolina
• currency
• cathrine
• austin
• fitts
• economy
• democracy
• now

[NatureLegalized]

How exciting, hell yeah!

[odin422]

These people arent TALKING they are DOING.

[Rw7451]

lol is this a joke?

[rllang01]

@mattybock "It's really just a bit of fun", eh ? Like I said "the PLENTY is play money".

Forgetful visitors leaving a small bit of change behind is what I call "loose change economics"...

[mattybock]

@rllang01 the idea is that a visitor will not always expchange all of the plenties, meaning a small bit of the cash in town is left by forgetful visitors. also, because you can only spend it in town, you have to support there economy if you have the plenty notes. It's really just a bit of fun and a small boost to the economy. it's not a federal reserve revamp.

[rllang01]

The PLENTY is "on par" with the US FED note, but there hasnt been any issues of inflaton ?

HA !

in other words, the PLENTY is pegged to and backed by the US dollar.

But really, the PLENTY is play money and when its time for real currency, you need plenty of REAL dollars.

[Fivetoone215]

If the plenty became an economic trend and other cities induced their own monetary regime, let's say New York City and a hypothetical currency the "york". The cost of living would make the york much more valuable than the plenty. One of the main goals mentioned by Lyle was to have sustainable circulation in Pittsboro, but if people were using the plenty, then USD would lose value in Pittsboro. Imagine the value of the USD in NYC if the york existed.

[Fivetoone215]

Now assume more US cities each printed monies. Demand for city currency would rise. Cities that are still on a USD basis who have domestic imports, for example, peaches from Georgia(city currency) to a grocery in Pennsylvania(USD) would pay a higher price for peaches. Inflation would occur in PA. United economic stagflation? Thoughts/opnions/criticisms?

[nativeveteran70]

This is incredible - the Americans reclaiming thier towns, county and country.  All towns needs to do this and the Local Sheriff should enforce the law - not federal police or international bankers.

[vention4wh]

Awesome! When things get bad, this town is going to be better off.

If democracy now had more shows like this and less shows defending the illegal aliens, I wouldn't have canceled my monthly donation. As it was for a while there it seemed all she spoke of was the noble efforts of illegals to get their well deserved amnesty, but she didn't mention a word about how illegals drive wages down for working class Americans. It finally drove me so crazy I canceled.

[cleveland1945]

This is showing that America's heartland is starting to get fed up. This should serve as a warning to DC.

[ChiefOren]

With all static aside, the main oposition to this will come from the IRS that can't acess the value of income of the Plenty. Expect a class action by the IRS against you. Second, what makes your curency different from the Liberty Dollar? I can only hope that you win your day in court. I doubt you will, but damn, go for it.