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BSOSCBlog.com • View topic - JPF Urgent Report Task Force #7-ICE (Intentional Community E

JPF Urgent Report Task Force #7-ICE (Intentional Community E

JPF Urgent Report Task Force #7-ICE (Intentional Community E

Postby jpf1030 » Wed Feb 24, 2010 5:45 am

Howdy BSOSC Leaders, et al,

Here's your broken record repeating once again as over the last couple of years to get out of US dollars and into your preparedness commodities.

We are putting our walk where our talk is in getting BSOSC Task Force #7-ICE (Intentional Community Economy) developed as quickly as possible. Time appears to not be on our side in getting ready for a dollar disastrous event. We in BSOSC are only one of many groups and communities around
the nation feeling grave concern.

The following article was published about 3 weeks ago. It relates not only the many private groups developing alternative
currency, etc., but businesses and towns. The pressure of the
contraction of the economy is resulting in unprecedented effort
toward protective alternatives, such as our ICE.

We are toward the leading edge of such efforts, thanks to guidance we've taken from books by Thomas Greco and Tom Baugh. We have posted some of our efforts on the BSOSC blog/forum, www.bsoscblog.com. You can look under the ICE category in the forum for postings. This report will be posted there as well.

The below article had many hyper-links which did not stay attached when I copied it below. Therefore, I went to each of the sites to get the URL's which I have included in red font. I also went to the sites with barter currencies and pasted copies of photos of their currencies in the body of the article.

There was one link in the article with a question as to how much US Dollar currency is in circulation. I copied and pasted the most revealing chart. Below it, in red font, I posted my "conspiratorial" analysis in the way of 7 questions. Since I'm a country bumpkin', maybe someone more financially sophisticated that is receiving this could answer my questions.

We have a huge amount of work to do in building the foundation for ICE. Greg Dahl and George Karpati are the co- chairmen of Task Force #7- ICE. They could urgently use more people in committees in their task force. If you care one whit in protecting yourself in the event of a crash of the US dollar, please become a committee chairperson or member.

I am doing all I possibly can to help them with the R&D, as evidenced in this report and others heretofore sent. It is so important that I would devote more time, but I'm equally helping the other 6 Task Force leaders in their many R&D efforts.

I reckon the day will soon arrive that each one of us will express much gratitude to Greg and George for what they accomplish in our behalf through their efforts.

We will have an awesome 7 1/2 minute animated video to show you all at the BSOSC meeting Saturday that virtually says it in a nutshell as to what Task Force #7 is so diligently working on.

Happy Preparedness Trails,

jpf .--- .--. ..-.
KF7GKD -.- ..-. --... --. -.- -..
*******************************************************************
Article:
Struggling towns printing their own cash

In an echo of the Great Depression, local currencies with their own special flavors are popping up all over in attempts to give commerce and communities a lift.

By SmartMoney

Last year, two Detroit tavern owners were sitting at the bar, sampling their beverages and bemoaning the local economy -- no one in the city had cash, and when they did, they spent it in the suburbs. Then the pair hit on a solution: Print their own money.

It is, after all, perfectly legal for anyone to issue currency, as long as it doesn't look too much like a U.S. dollar . Thus was born the Detroit cheer, a local scrip accepted by a handful of city businesses, including a pizzeria, an electrician and a doggy day care center.


http://wpcontent.answers.com/wikipedia/ ... _cheer.jpg

* What world currencies are worth
* http://moneycentral.msn.com/investor/ma ... rates.aspx

Residents can also exchange it at a few area bars for greenbacks, but the cheer is vastly more colorful. It features a chiseled, naked Greco-Roman superhero (the Spirit of Detroit) towering Godzilla-like over the city skyline, cupping a tiny family in one hand and a sunburst representing God in the other. He's a lot more fun than George Washington .

And Detroit isn't the only city sporting its own currency. Since the market tanked nearly 18 months ago, there's been an interest in local scrips not seen since the Great Depression .
King Dollar's Volatile Year
Go to CNBC
Residents in tiny North Fork, Calif., just launched the North Fork share,

http://nfshares.com/images/stories/site ... e_half.jpg

and folks in Piedmont, N.C., spend the newly issued the plenty,

http://theplenty.org/wp-content/uploads ... 00x130.jpg

a currency depicting local flora and fauna like the ever-popular turkey vulture. http://theplenty.org/wp-content/uploads ... 00x130.jpg

Brooklyn, N.Y., is preparing to launch the torch, while South Bend, Ind., is set to print what it calls MACs.
http://michianacurrency.org/

Susan Witt, the executive director of the E.F. Schumacher Society, a think tank devoted to decentralized economies, says she gets calls daily from towns across the nation looking to join the movement. http://www.smallisbeautiful.org/

In most cases, these communities are simply looking to boost local commerce. The currency has to be spent in town, obviously, because it's worthless anywhere else. But a growing distrust of the U.S. dollar is also at work.

When the Treasury prints billions to bail out banks and automakers, people look for alternatives. These folks may look nutty now, goes the quip, but wait till the dollar goes the way of the Argentine peso. Then you'll be exchanging a wheelbarrow of cash for a bay buck, local currency boosters say.

Minting money isn't easy, of course. The Detroit bar owners spent $2,000 to print $4,500 in cheers, thanks in part to an initial run on flimsy paper. ("It costs money to make money," co-founder Timothy Tharp says.)

HowmuchUSpapercurrencyisincirculation?


JPF: I went to the link for the above question and paste it below, then the article continues below that:

The Value of United States Currency in Circulation
currency circulation

JPF: The numbers in the above chart leave some very
interesting questions unanswered:

1) Just the news media reported money spending by Congress
has been from $1 Trillion up each year since 2008. Since
the chart shows the govt printed $629 million in 2008, which
is less than 1/1000th of the money the govt. issued just in
bailouts, what happened to the 99.9% of the money issued
since it was not printed into currency?

2) Is it nothing but electronic credit dollars sitting in central
bank accounts?

3) If the govt really did print $629 million of currency in 2008,
which one would presume was average for both 2007 and
2009, where is all the cash for those three years?

4) If you doubt the cash is missing, look in your purse, money
clip, piggy bank to see how many bills of any denomination
you have dated later than 2006. I will buy you a cup of coffee
or hot chocolate if you can find a single one!!!

5) If you look at the govt. own life expectancy for paper bills in
the above chart, from 1.8 years to 2.0 years for up to $20
bills, why are you most likely only going to find bills much
older than the life expectancy?

6) If the govt is not secretly phasing out the present currency in
preparation for a new currency, why do none of their own
numbers or physical presence of 2007-2009 currency not jive
with tangible evidence? No wonder there is such a cash
shortage if there evidently is not enough available to even
cover the fractional reserve requirements for banks to create
their 10x more money through loans.

7) The fed decreased cash in a major contraction of supply,
escalating the magnitude of the Great Depression. If banks
actually possessed the cash reserves of freshly printed cash
from all the "quantitative easing", free of the many hidden

encumbrances, they would be lending like crazy via the 10:1
fractional reserve lending law.If this is not happening again
or banks are not holding it for a coming currency exchange,
then where is all the new cash currency that has supposedly
been pumped into the economy over the last 3 years?

Something "stinks on ice" with what is going on in the US
currency system or I've become a raving lunatic conspiracy
theorist! This is the reason I am working hard and fast with
our Task Force #7 - ICE (Intentional Community Economy)
to get our local economic system developed as quickly as
we can. I hope all of you also smell something wrong so I'm
not completely alone in questioning all the above that makes
no rational sense if everything really is ok as we are told.

Ok, now that I have given my rant and spiel, back to the
conclusion of the article...

In North Fork, Josh Freeman and his crew spent days cranking out bills on the ancient letterpress in his garage. And once a local currency is printed, it's a struggle to keep the stuff in circulation.

Towns often find the scrip flowing to the local food co-op, which soon complains that suppliers won't take it. Until Piedmont's plenty was reissued with the backing of U.S. dollars, it was kept alive mainly by the local bio-diesel seller, who used it to pay his interns.

There have been a few successes, though. The western Massachusetts berkshare is accepted by an estimated 400 businesses and has circulated to the tune of $2.5 million -- not bad for a region with 20,000 residents.


http://www.berkshares.org/images/galler ... 6_0010.jpg


The hours currency, issued in Ithaca, N.Y., is so entrenched that the local transit system is planning to accept it.

http://www.ithacahours.org/

Still, University of Southern Maine sociologist Ed Collum says his study of 82 local currencies revealed a disheartening 20% survival rate. Collum favors an increasingly popular twist on local currencies: the time bank, which has residents swapping labor hours rather than cash. This newer solution lets the unemployed participate without spending money .

But a quick glance at such listings might leave you wondering what the heck is going on in these towns. At central Vermont's Onion River Exchange, http://www.orexchange.org/
services recently offered included basics such as haircuts but mostly oddities like puppet shows, trips to the dump and left-handed knitting. Among the service requests were a call for rawhide goat skins and a plea from someone named Pam, who "flushed a hair-catch thingy down the toilet and needs help getting it out."

This article was reported by Anne Kadet for SmartMoney.

Published Jan. 29, 2010
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