Comments on: The future of money http://www.techsploitation.com/2009/05/29/the-future-of-money/ Technology - Science - Pop Culture - Sex Thu, 05 Jan 2012 02:02:25 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Eric Garland http://www.techsploitation.com/2009/05/29/the-future-of-money/comment-page-1/#comment-153103 Eric Garland Wed, 17 Jun 2009 12:02:16 +0000 http://www.techsploitation.com/?p=184#comment-153103 This is a rapidly developing megatrend, and it may accelerate as places like California declare total insolvency. Local currencies develop when the banking complex wakes up in a panic one morning and says "Sorry, you are just as hardworking as yesterday, but you're all broke now." Everybody frets for a few days, then says, "Hey Frank, I'll put in a porch for you in exchange for some groceries," and then local economies develop from that point onward. I mean, who's going to trust their economic health to the Federal Reserve much longer? Things are bound to go local and DiY. This is a rapidly developing megatrend, and it may accelerate as places like California declare total insolvency. Local currencies develop when the banking complex wakes up in a panic one morning and says “Sorry, you are just as hardworking as yesterday, but you’re all broke now.” Everybody frets for a few days, then says, “Hey Frank, I’ll put in a porch for you in exchange for some groceries,” and then local economies develop from that point onward.

I mean, who’s going to trust their economic health to the Federal Reserve much longer? Things are bound to go local and DiY.

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