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Currency

Central Bank Digital Currencies: A Revolution In Banking?

September 20, 2016 Ellen Brown, www.counterpunch.org , , ,
By Ellen Brown for Counter Punch - Several central banks, including the Bank of England, the People’s Bank of China, the Bank of Canada and the Federal Reserve, are exploring the concept of issuing their own digital currencies, using the blockchain technology developed for Bitcoin. Skeptical commentators suspect that their primary goal is to eliminate cash, setting us up for negative interest rates (we pay the bank to hold our deposits rather than the reverse). But Ben Broadbent, Deputy Governor of the Bank of England, puts a more positive spin on it.

How’s & Way’s To Create A Complementary Currency System

July 20, 2016 David McCarthy Maria Reidelbach, www.geo.coop
By David McCarthy Maria Reidelbach for Grassroots Economic Organizing - New alternative and complementary currencies are a growing worldwide trend, and many states in the US have created their own local curriencies. Our local alternative currency, the Hudson Valley Current, has members in several counties straddling the Hudson River, just above New York City. It began with just a few of us; each coming to the idea from very different places. There was a libertarian who didn’t like central control of the monetary system, a Buddhist economic theorist yearning for a more equitable system of exchange, a second-generation newspaper publisher striving to create a better environment for his kids...

Harriet Tubman And The Currency Of Resistance

April 22, 2016 Amy Goodman and Denis Moynihan, www.truthdig.com , ,
By Amy Goodman and Denis Moynihan for Truth Dig - U.S. Treasury Secretary Jack Lew announced Wednesday that the revised $20 bill will feature the portrait of the legendary abolitionist Harriet Tubman. Tubman was born a slave, escaped to freedom and became a conductor on the Underground Railroad, as well as a campaigner for women’s right to vote. She will be replacing President Andrew Jackson on the front of the $20 bill. He was a contemporary of hers, who owned slaves (one of 18 presidents who did so) and became wealthy from their forced labor.
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