United Liberty
Currency
Native American Response to Banking Crisis
Mon, 12/08/2008 - 12:09pm | posted by Matt Wittlief
The Lakota people of the north-central U.S. have established the Free Lakota Bank. It is touted as the “world’s first non-reserve, non-fractional bank that issues, accepts for deposit, and circulates REAL money” in the spirit of Austrian economics.
The bank charges a fee for the protection of your savings, which are measured in ounces, and for those who wish to put their savings at risk, there is an investment fund. Deposits to the fund are frozen for one year, but have a healthy return of over 7%. Loans are granted from the investment fund are distributed to applicants based on the merit of the investment - imagine that!
BJ Lawson Talks About Guerilla Currencies
Sat, 04/11/2009 - 2:47pm | posted by Michael O. Powell
BJ Lawson talks on Fox Business about the use of the BerkShare, a new local currency being accepted by some small businesses in hopes of stimulating the stagnant economy.
Obama Believes That China Is Manipulating Its Currency
Mon, 01/26/2009 - 7:39am | posted by Matt Wittlief
This week, Treasury Secretary-Designate Timothy Geithner faced hearings on his appointment from the Senate Finance Committee. In response to written questions submitted by the Senators (Chuck Schumer (D-NY) in this case), Mr. Geithner had this to say:
Indiana and the Gold Standard
Fri, 01/16/2009 - 4:06pm | posted by Matt Wittlief
Indiana State Senator Greg Walker (R) has introduced a bill before the General Assembly to require the State Treasury to accept gold as a competing currency in the state of Indiana.
The Libertarian Party of Indiana has taken this stance:
STRONGLY SUPPORT: We liked the idea when LPIN gubernatorial candidate proposed this at an October press conference. We liked it more when he talked about it during the debates. We liked the idea at a national level when Congressman Ron Paul championed this message on the campaign trail. Imagine a currency that has real value and the effect this move would have on stabilizing a very unstable economy.
The complete details can be found here.
