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Alternate currencies seem to be legal in the US. There's a minor movement of people setting up local currencies to encourage doing business with local merchant
by metageek 15y ago
Alternate currencies seem to be legal in the US. There's a minor movement of people setting up local currencies to encourage doing business with local merchants.
http://en.m.wikipedia.org/wiki/Local_currency http://en.m.wikipedia.org/wiki/Local_currency
- 8plot 15y agoOne guy named Bernard von NotHaus created the "Liberty Dollar" and is now facing a 45 year prison sentence. After a little googling, it's unclear why exactly he is being punished, but this how one article summed it up: "Congress has exclusive power to coin money in the U.S. and to regulate its value, according to the Treasury Department."
- euroclydon 15y agoHe's being punished primarily because his coins look too similar to U.S. coins.
- daniel1980fl2 15y agothats why he will rot behind bars on tax payers money, just like every one american out of 10. because his eagle was too similar looking to golder eagle. America -- land of free (from common sense and fairness of try)
- rprasad 15y agoCounterfeiting, mostly. The coins he made looked like normal US coins, except that the presidents were swapped out for Ron Paul or other anti-establishment figures.
- lutorm 15y agoThis makes me wonder: is it illegal to use non-US coins for transactions in the US? Like if I use Euro-coins? (I say coins because there seems to be a specific prohibition on issuing "coin" and not other forms of currency unless they resemble US dollar bills.)