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(Westword)   Coloradans are so high they created their own legal tender, man   (blogs.westword.com ) divider line
    More: Spiffy, Colorado, Brok McFerron, local currency, profit motive, alternative currency  
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5854 clicks; posted to Main » on 23 Aug 2014 at 4:14 AM (2 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



42 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2014-08-23 12:22:46 AM  
Yeah... Somehow I doubt the feds are cool with you calling it tender. But since there's a 10% per transaction cap, it might be an exchangeable coupon. Just because they're letting the pot slide doesn't mean they're giving you free reign,
 
2014-08-23 02:03:11 AM  
Ugh.  Local currencies are the worst.  Try traveling to anywhere else in the UK and using one of these:

i.imgur.com
 
2014-08-23 04:19:00 AM  
upload.wikimedia.org

Who loves ya baby!
 
2014-08-23 04:27:02 AM  
i.imgur.com
 
2014-08-23 04:37:37 AM  
Buying local eh? Stuff made in America? Most of the time, made in America means that it was made in an American owned factory in Usbkkkk(that's 4 k's)stan.
 
2014-08-23 04:45:00 AM  
www.emperornorton.org
This guy was a farking hero.
 
2014-08-23 04:48:34 AM  
How in the fark is this not a violation of the US Constitution? Only the federal government has the authority to issue currency.
 
2014-08-23 04:50:16 AM  
www.screenused.com
 
2014-08-23 04:51:59 AM  

gozar_the_destroyer: How in the fark is this not a violation of the US Constitution? Only the federal government has the authority to issue currency.


It's an idea only as strong as the folk who believe in it. And people on both sides of the spectrum repeatedly shiat on it.
 
2014-08-23 04:52:52 AM  

gozar_the_destroyer: How in the fark is this not a violation of the US Constitution? Only the federal government has the authority to issue currency.


The federal government doesn't care; as long as they are on the correct side, politically speaking. You can bet your donkey that the fed would be all over something like this in a consistently republican state.
 
2014-08-23 04:55:51 AM  
I tried to twist my mind around their stupid justification for this currency, and I'm just not dumb enough. Or high enough.
Correct me if I'm wrong, but if I understand the lady's trying to say in, "Because dollars are issued as debt and interest, every dollar that comes into the economy is married to two or three dollars of debt", she's directly linking the national debt to the issuance of dollar bills, and I'm not even sure where to start there. Does she think countries with a positive credit balance don't use money?
 
2014-08-23 04:56:22 AM  
FTA: The U.S. dollar works for what it was meant to do -- it was designed for a purpose, which was to stimulate growth.

Did I miss that day in economics 101? Money was made to stimulate growth, not to be exchanged for goods and services in lieu of bartering?

/maybe the author's just really high
//and has been for several decades
 
2014-08-23 05:00:28 AM  
I just wanted to add -- seems more like a tax evasion scam cloaked in authority, to me.
 
2014-08-23 05:04:35 AM  

starsrift: I tried to twist my mind around their stupid justification for this currency, and I'm just not dumb enough. Or high enough.
Correct me if I'm wrong, but if I understand the lady's trying to say in, "Because dollars are issued as debt and interest, every dollar that comes into the economy is married to two or three dollars of debt", she's directly linking the national debt to the issuance of dollar bills, and I'm not even sure where to start there. Does she think countries with a positive credit balance don't use money?


She is saying that the system in which the government needs to borrow money from a privately owned central bank at an interest in order to put money in circulation is farking retarded.
 
2014-08-23 05:07:13 AM  
And thus begins a real life episode of It's Always Sunny in Philadelphia.
 
2014-08-23 05:08:00 AM  
By becoming a COjacks business member, that business can buy COjacks at face value for their own spending

A business can buy COjacks at half of face value

If you live in Colorado and can show that you live in Colorado, you can buy COjacks at a discounted rate. You can buy COjacks at a four-to-five ratio, so if you give us four bucks we give you five COjacks or say $80 for one hundred COjacks



So if I'm a business, I can either buy them at face value, or perhaps half of face value, or perhaps 80% of face value.

I'm going to assume that you can buy cojacks from the cojacks company, but they won't buy them back from you.  This means that the currency will just endlessly circulate amongst businesses who have agreed to take them.  But why would a business want to take them, when they can just buy them for half price or 80% of the price or whatever the hell it is?

Also, if you can buy them from the cojacks company but not sell them back, then won't the total sum of cojacks go up and up, causing the value of each one to steadily go down?
 
2014-08-23 05:13:49 AM  
Ummm... Making your own money is illegal, like really illegal, like federal government hammering you illegal. It really boils down to that they can't tax it.

Coupons sort of get around that by having a minimum value (1/20th of a penny the last time that I looked) but also the maximum value is usually 50% (as in buy one, get one free). Stores can do whatever they want (double coupons) but they have to be manufacturers coupons and not store coupons.
 
2014-08-23 05:15:51 AM  
It's like money but without the convenience! Yay!

starsrift: I tried to twist my mind around their stupid justification for this currency, and I'm just not dumb enough. Or high enough.
Correct me if I'm wrong, but if I understand the lady's trying to say in, "Because dollars are issued as debt and interest, every dollar that comes into the economy is married to two or three dollars of debt", she's directly linking the national debt to the issuance of dollar bills, and I'm not even sure where to start there. Does she think countries with a positive credit balance don't use money?


She's talking about and misunderstanding the money-creation power of fractional-reserve banks in private lending, not the national debt.
 
2014-08-23 05:18:21 AM  

DerAppie: starsrift: I tried to twist my mind around their stupid justification for this currency, and I'm just not dumb enough. Or high enough.
Correct me if I'm wrong, but if I understand the lady's trying to say in, "Because dollars are issued as debt and interest, every dollar that comes into the economy is married to two or three dollars of debt", she's directly linking the national debt to the issuance of dollar bills, and I'm not even sure where to start there. Does she think countries with a positive credit balance don't use money?

She is saying that the system in which the government needs to borrow money from a privately owned central bank at an interest in order to put money in circulation is farking retarded. she has squirrels living in her brain

 
2014-08-23 05:18:35 AM  

2chris2: By becoming a COjacks business member, that business can buy COjacks at face value for their own spending

A business can buy COjacks at half of face value

If you live in Colorado and can show that you live in Colorado, you can buy COjacks at a discounted rate. You can buy COjacks at a four-to-five ratio, so if you give us four bucks we give you five COjacks or say $80 for one hundred COjacks


So if I'm a business, I can either buy them at face value, or perhaps half of face value, or perhaps 80% of face value.

I'm going to assume that you can buy cojacks from the cojacks company, but they won't buy them back from you.  This means that the currency will just endlessly circulate amongst businesses who have agreed to take them.  But why would a business want to take them, when they can just buy them for half price or 80% of the price or whatever the hell it is?

Also, if you can buy them from the cojacks company but not sell them back, then won't the total sum of cojacks go up and up, causing the value of each one to steadily go down?


Yes, but you can basically pay your employees in company scrip and still act self-righteous about it.
 
2014-08-23 05:21:00 AM  

SquiggsIN: starsrift: I tried to twist my mind around their stupid justification for this currency, and I'm just not dumb enough. Or high enough.
Correct me if I'm wrong, but if I understand the lady's trying to say in, "Because dollars are issued as debt and interest, every dollar that comes into the economy is married to two or three dollars of debt", she's directly linking the national debt to the issuance of dollar bills, and I'm not even sure where to start there. Does she think countries with a positive credit balance don't use money?

google "why is the federal reserve bad" and you'd find enough to read for months.


The first 500 pages of hits would be gibberish written by mentally unbalanced Teatards and Sovereign Citizens.
 
2014-08-23 05:22:02 AM  
lh3.googleusercontent.com

lh6.googleusercontent.com
/name that farker
 
2014-08-23 05:28:07 AM  
You can have any currency you want, but you can't force people to accept them. You know on real dollars where its says "for all debts public and private"? You can offer me all the Funny Munny you want as payment, but if I demand dollars the US courts will force you pay me in such .
 
2014-08-23 05:30:04 AM  
We're not like replacing the dollar man, we're merely putting the power to produce money into the hands of the people man.  The people namely referring to me and my creepy friend Dingo, who happens to have a much better printer than I do.
 
2014-08-23 05:30:33 AM  

DerAppie: starsrift: I tried to twist my mind around their stupid justification for this currency, and I'm just not dumb enough. Or high enough.
Correct me if I'm wrong, but if I understand the lady's trying to say in, "Because dollars are issued as debt and interest, every dollar that comes into the economy is married to two or three dollars of debt", she's directly linking the national debt to the issuance of dollar bills, and I'm not even sure where to start there. Does she think countries with a positive credit balance don't use money?

She is saying that the system in which the government needs to borrow money from a privately owned central bank at an interest in order to put money in circulation is farking retarded.


Well, yes, that would be stupid. Not to mention doing it at an interest rate of 200-300%!
 
GBB
2014-08-23 05:40:28 AM  
www.dadsguidetowdw.com
 
2014-08-23 05:50:50 AM  
I couldn't understand the explanation. I assume that was the intent.

Essentially, it is the same as Chuck e Cheese tokens, except they are paper and more than one merchant agrees to accept the tokens.
 
2014-08-23 05:57:14 AM  
So is it weed realated currency. "Gimmie 5 joints for a spliff!"

Do they take Canadian tire dollars too?
 
2014-08-23 06:03:00 AM  
nirnadler.files.wordpress.com
 
2014-08-23 06:29:47 AM  
One of my favorite examples of this is from Bernard Lietaer, a transition economist -- (paraphrasing) a guy walks into a hotel and says he's going to be in town for the evening and he wants to look at the hotel room, but he's not sure he wants to stay there. He throws a hundred dollars on the counter at the hotel and tells the hotel manager that he's going to walk upstairs and check out the rooms. The hotel manager grabs the hundred dollars, runs into the kitchen and pays his cook. He says, sorry this is late. The cook says it's okay, runs to the back door and pays the grocer and the cook says hey, sorry I'm late on the grocery bill. The grocer says thank you, turns around and pays the prostitute standing on the corner and says thanks for last night. The prostitute runs back into the hotel and puts the hundred dollars back on the counter and says this is for my room.

Sure, because hookers offer easy-credit payment plans all the time. Lay now, pay later.
 
2014-08-23 08:22:32 AM  

robohobo: [www.emperornorton.org image 552x326]
This guy was a farking hero.


"Everybody understands Mickey Mouse. Few understand Hermann Hesse. Hardly anyone understands Albert Einstein. And nobody understands Emperor Norton."

/Couldn't copy and paste for the life of me
//Had to type it out by hand
///Nobody understands the slashies
 
2014-08-23 09:13:07 AM  
But can you roll them up and snort coke through them?

/CokeJack?
 
2014-08-23 09:34:17 AM  
www.matteoionescu.com
 
2014-08-23 09:34:47 AM  

bighairyguy: But can you roll them up and snort coke through them?

/CokeJack?


nah, the resins make them all sticky and the bolivian marching powder would just stick and clog up the tube
 
2014-08-23 10:19:53 AM  
i291.photobucket.com
 
2014-08-23 10:21:24 AM  
I guess you would call this a "scrip tease".
 
2014-08-23 10:47:17 AM  
Sure, 0bama and H0lder let this slide. Meanwhile my state makes some minor changes that, by coincidence, happen to disenfranchise all minority voters, and all the sudden everybody's up in arms.

So unfair.
 
2014-08-23 11:00:28 AM  
I'd be legally tender for a but of marijuana.

(Hi Megarian!)


/ Only because I can't recall another Farkette's name, for some reason. Probably senility.
 
2014-08-23 12:03:42 PM  
http://www.lietaer.com/2010/03/the-worgl-experiment/ One of the more interesting and successful alternative currencies.
 
2014-08-23 05:44:49 PM  
Should work as well as these did.
s29.postimg.org
 
2014-08-23 10:02:02 PM  
www.awmok.com
 
2014-08-24 04:03:09 PM  
x4.fjcdn.com
 
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