As any 5 year old child knows, the best way to cure the economic crisis is obviously to print your own cash, thus further devaluing the cantralised banking system right? Right. (I mean, it worked for Germany in the 1930s didn’t it…) Luckily for those of us suffering because Americans couldn’t pay their mortgages, plenty of small US towns are stepping up to help us out by..you got it..printing their own cash!
According to estimates there are now around 75 seperate currencies in circulation around the country, from Ithaca Hours in NY to the ironically named Detroit Cheers.
In Detroit, where unemployment stands at 22 per cent, three businessmen are distributing more than $4,500 worth of Detroit Cheers for customers to spend in any of a dozen shops.”The world is just now reeling from economic chaos. In Detroit, that’s how we always roll,” Jerry Belanger, a local restaurateur and one of the trio, told the Detroit News.
Here at Electric Spectre we do business in used military goods, but it’s nice to know all those Dairy Queen vouchers we saved will be worth something in the future.
LINK (Telegraph)
2 Comments
I actually think this is a good idea – having your on money I mean, not printing endless amounts. They’ve got this sort of thing going on for local markets where vouchers can be exchanged only at local shops – essentially a local currency. Bring it on I say.
Btw, it was in the 20s that Germany suffered from hyperinflation. Sorry.
I actually kind of agree-but that doesn’t sound nearly as doom-ridden and terrifying does it? Also-a pox upon my badly-rememebered political history-feel free to sub this if you like, as a dedicated journalist, I’m pretty much making this shit up in my lunch hour readers!