Category Archives: money

printing money.

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Take the Wooden Money

During the darkest days of the Great Depression, the logging city of Tenino, Washington, created a complimentary wooden currency to help locals survive the economic crisis. Now, almost 90 years later, the town is once again “printing money” on postcard-sized sheets of maple to help locals suffering from financial hardship. Pegged at the rate of real U.S. dollars, the currency can be spent everywhere from grocery stores to gas stations and child care centers, whose owners can later exchange them.

“It worked perfectly,” says Tenino’s mayor Wayne Fournier, who offers residents who demonstrate they are experiencing economic difficulties caused by the pandemic a stipend of up to $300 a month in wooden dollars. These currencies aren’t actual replacements of real money. They are complementary currencies — a broad term for a galaxy of local alternatives to national currencies.

According to research published in Papers in Political Economy in 2018, 3,500 – 4,500 such systems have been recorded in more than 50 countries across the world. Typically they are a localized currency that can only be exchanged among people and businesses within a region, town, or even a single neighborhood. Many are membership programs limited to those who have signed up; they typically work in conjunction with, rather than replacing, the official national currency.

They take many different forms. Relatively few are based on paper money; many are purely digital or exchanged via smart cards. Their goals can span multiple economic, social, and environmental objectives. Some aim to protect local independent businesses. Some promote more equal and sustainable visions of society. Others have been founded in response to economic crises when traditional financial systems have ground to a halt. As the coronavirus pandemic brings on a wave of social and economic tumult, all three challenges appear to be in play at once.

In Tenino, which has a population of less than 2,000, the wooden money is printed using an antique 1890 Chandler & Price letterpress. Since the launch in May, cities from Arizona to Montana and California have been in contact with Tenino for advice about starting their own local currencies.

“We have no idea what is going to happen next in 2020,” adds Fournier. “But cities like ours need to come up with niche ways to be sustainable without relying on the larger world.”

“sharing money is what gives it its value.”

-elvis presley

 

credits: story – Bloomberg City Lab, Peter Young. photo – Jason Redmons, AFP

teriyaki time.

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teriyaki time (not for gambling)

the bag of loot my daughter gave me

with a friendly reminder

to pick up the sushi lunch

and not go to the casino or track

with the cash and the kids.

 

Quote from ‘Dumb & Dumber’:

LLOYD: “I’ll bet you 20 bucks I can get you gambling before the end of the day!?”

HARRY: “No way.”

LLOYD: “I’ll give you 3 to 1 odds?”

HARRY: “Nope.”

LLOYD: “5 to 1?”

HARRY: “Nope.”

LLOYD: “10 to 1?”

HARRY: “You’re on.”

thanks as i wait for you.

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so lucky

that this amazing offer

found its way to me

you will be the first to know

when the

eight million and some change

is in my hands

only a matter of time

now, to figure out

what to do with all of it.

 

Sorry for my intrusion into your comment post.

I really want you to contact me through my official email address esq.advocate.betty@gmail.com regarding a deposit of eight

million five hundred thousand dollars left behind by my late client who is a national of your country.

upon your response, I shall send you detail informations about this fund and why i contact you in the first place.

Thanks as I wait for you.

Betty Nicholet Esq

 

“every man is a damn fool for at least five minutes every day; wisdom consists in not exceeding the limit.”

-ebert hubbard

 

 

 

 

 

image credit: videohive.net

billion.

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when the mega millions jackpot

hit 1 billion dollars tonight

i decided to take my chances

shell out 2 dollars

buy a lucky ticket

and imagine for at least 12 hours

what i would do with my billion

not a bad price for half a day of creative fun.

the winning ticket?

what would you do with a billion dollars if you won?

‘a billion here, a billion there, and pretty soon you’re talking about real money.’

-everett dirksen