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Friday, 14 October 2011

Protesters – And Perhaps States – Consider Launching Their Own Currency

WashingtonsBlog

Protesters Consider Launching Their Own Currency

David DeGraw – a key organizer in the Occupy Wall Street protests – reports:
From last night’s GA [Occupy Wall Street "General Assembly"] meeting: “Work began today on a proposal trying to implement a currency for this movement. The Wall Street banks and their best customers, the multinational corporations control the source and flow of $$$$. This is an open invitation for you to join us in this process! We will be meeting at 11am every day, every week, until we’re done, at the red cube in the Southeast corner of Liberty Park.”
The Powers-That-Be Don’t Like Competitive Currencies

As I’ve previously noted, the average life expectancy for a fiat currency is 27 years … every 30 to 40 years the reigning monetary system fails and has to be retooled.

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