April 3, 2013
That the money in your bank account is not cash at all, not pieces of paper sitting in a bank vault waiting for you to withdraw them, but mere digital ones and zeros in the bank’s database, capable of being subtracted from your account at a moment’s notice, or even less. Cash that is not in your hand, it turns out, is not cash at all.
In fact, there exists right now the globe examples of alternative currencies that are currently existing alongside the Federal Reserve notes and Euros and other bankster-manipulated debt-based fiat money systems that are already helping facilitate transactions and grow local economies all around the globe. [See this and this and this and this and this.]
Just as currencies like Ithaca Hours and Mountain Hours have proven themselves to be successful, so have many complementary currencies withered away from lack of community support.