This is a very, VERY bad sign.
Posted by happycrow on April 7, 2009
It’s not as bad as you think since you can’t use this local currency to pay the electric bill and your food purchase options are limited. Gas, fuel, other things also are strictly international and therefore won’t be covered with stuff.
I had heard about the Berkshares awhile back, and really it sounds more like a better way of running the barter system than keeping money in a local area.
If it’s being done as a convenience tool, that’s one thing. If a town is doing it in order to survive… that’s a very different thing.
Welcome to the Company Store era again. This is beginning to sound like a coal-mining town where you got paid in company script instead of cash. That actually was how the Coal Miners Union was finally able to win some concessions from the Coal Companies. Employees had to be paid in LEGAL TENDER and company script was most definately not that.
I… do you know, I was going to respond with something specific but I can’t seem to nail it down through the haze of dread I’m feeling.
Yee-ow; wow what a bad idea. In the presence of legal tender (money you must accept), other tender only ends up biting the holder. Until the Federal Reserve is abolished, I’ll take my pay in federal reserve notes, thank you…
You know, from your title I actually thought this was some odd Tolkien reference….
I had thought the same thing at first, but I figured an “Oh Shit” wouldn’t apply to the return of the high elves.
Actually that would be the Noldor; the Valar are the super-powerful spirits who sit around being unhelpful.
Fill in your details below or click an icon to log in:
You are commenting using your WordPress.com account. ( Log Out / Change )
You are commenting using your Twitter account. ( Log Out / Change )
You are commenting using your Facebook account. ( Log Out / Change )
You are commenting using your Google+ account. ( Log Out / Change )
Connecting to %s
Notify me of follow-up comments via email.
Get every new post delivered to your Inbox.
Join 219 other followers