Alert Whatcom Citizens re Probable $ Crash> See The Silver Lining Inside the Dark Cloud!!! - Transition Whatcom2024-03-28T12:42:17Zhttps://transitionwhatcom.ning.com/forum/topics/alert-whatcom-citizens-re?feed=yes&xn_auth=noI applaud the LETSystem you a…tag:transitionwhatcom.ning.com,2011-02-23:2723460:Comment:442112011-02-23T11:39:56.697ZRick Aiellohttps://transitionwhatcom.ning.com/profile/RickAiello
I applaud the LETSystem you and others are promoting because anything that can be used to generate business, provide funds for people who need them and allow people to purchase based upon their own labor, trade or goods, is a good, valid system. Anything that gets people away from the private currency of the central bank in whatever country is also a valid system. However, there are some drawbacks to the LETSystem. First, it is only local. Second, there is a registry that keeps track of…
I applaud the LETSystem you and others are promoting because anything that can be used to generate business, provide funds for people who need them and allow people to purchase based upon their own labor, trade or goods, is a good, valid system. Anything that gets people away from the private currency of the central bank in whatever country is also a valid system. However, there are some drawbacks to the LETSystem. First, it is only local. Second, there is a registry that keeps track of everyone and their activities. Third, some consideration is given for taxes if one uses cash combined with the LETSystem, and information is shared with the Internal Revenue Service.<br/><br/> All of these are drawbacks and I would not use or encourage others to use such a system. It sounds like a checks and balances, debits and credits system, run by private individuals, where everyone knows everyone else's business, which to me is another drawback. It is a step in the right direction because it is an attempt to get away from "the man" and the private currency. But I have a better suggestion.<br/><br/> It is an alternative currency based on labor and run by the people through a public bank the people (not the state) control. It is non interest-bearing and incurs no debt, and is made lawful by the passage of a state law as an alternative currency. It grants money to the people for specific needs AND to the government, so there is NO taxation necessary. It can restore the economy of any state that implements in within 30 days.<br/><br/> The reason is it not based on gold or silver is explained in the attached essay, which describes this currency and the project it is part of, the Stop Federal Tyranny Now! project, which is described at <a href="http://www.citizensoftheamericanconstitution.org/homepage.htm" target="_blank">www.citizensoftheamericanconstitution.org/homepage.htm</a>. The essay is 28 pages, but I believe you will find it rather informative. Thanks for writing this. Many…tag:transitionwhatcom.ning.com,2011-02-22:2723460:Comment:440192011-02-22T03:51:03.096ZAngela MacLeodhttps://transitionwhatcom.ning.com/profile/AngelaMacLeod
Thanks for writing this. Many of us are working on the kind of preparedness and resiliency you are writing about. Though maybe not enough, fast enough. I have to work right now so can't spend more time replying. i just wanted to say "I hear you, thank you".
Thanks for writing this. Many of us are working on the kind of preparedness and resiliency you are writing about. Though maybe not enough, fast enough. I have to work right now so can't spend more time replying. i just wanted to say "I hear you, thank you".