Comments on: California IOUs don’t look so hot anymore http://blogs.reuters.com/commentaries/2009/07/20/california-ious-dont-look-so-hot-anymore/ Now raising intellectual capital Sun, 08 Nov 2015 08:31:30 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: KingofthePaupers http://blogs.reuters.com/commentaries/2009/07/20/california-ious-dont-look-so-hot-anymore/comment-page-1/#comment-1096 Wed, 22 Jul 2009 10:05:01 +0000 http://blogs.reuters.com/commentaries/?p=1454#comment-1096 Jct: Of course, California IOUs are wanted. There’s nothing wrong with small denomination municipal or California State IOUs if anyone can pay their taxes with them. When Argentina’s government workers were faced with cuts, their unions talked 6 state governments into paying them with small-denomination state bonds which could be used to pay for state services and taxes by everyone.
When the local currency is pegged to the Time Standard of Money (how many dollars per unskilled hour child labor) Hours earned locally can be intertraded with other timebanks globally! In 1999, I paid for 39/40 nights in Europe with an IOU for a night back in Canada worth 5 Hours. U.N. Millennium Declaration UNILETS Resolution C6 to governments is for a time-based currency to restructure the global financial architecture.
See http://youtube.com/kingofthepaupers
Too bad California IOUs won’t be accepted in payment for state taxes and services like state bonds were in Argentina. Too bad California IOUs will be denominated too big to use as local currency. Too bad Argentina people were smart enough to avoid the tent-cities catastrophe and California people are too stupid to follow their example.
If they make IOUs legal tender, I’ll take back every joke I ever made about Girlieman Governor Musclehead if he engineers the California state currency lifeboat.
B

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By: Jordan W http://blogs.reuters.com/commentaries/2009/07/20/california-ious-dont-look-so-hot-anymore/comment-page-1/#comment-1044 Mon, 20 Jul 2009 15:12:56 +0000 http://blogs.reuters.com/commentaries/?p=1454#comment-1044 The only way the economy will ever recover for the consumer is for the US to become energy independent. I found this website to support the 5-year Plan to develop offshore oil and domestic gas resources http://tinyurl.com/mh5p36

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