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A Safe Bet: Print Your Own Money!

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With all the talk of hoarding gold bullion in these turbulent times, a novel article in CNN Money appeared recently that suggested something totally different – print your own money and keep it in the community. As faith in governments is at an all time low, citizens across the globe have either saved their obsolete currencies and are now running into banks with shoeboxes stuffed with pesetas or francs to exchange for the euro – or are starting to reinstate said currencies regionally. Or they’re making up their own.

Villages in France, Spain, the U.S. and the UK are ‘taking the bull by the horns.’ “In Britain, residents of Bristol will launch their own currency in May this year, the Bristol Pound, the Daily Mail reported. Over 100 businesses have already signed up to accept the alternative to Britain’s pound in a move geared to boost local businesses…” So, might this all be a mini-revolution in the making? Not really, because ultimately the national banks have to recognize the currency, just as they recognize the euro or bullion. But, it is an interesting show of ‘people power’ and one that makes the populace’s dissatisfaction with governmental ineptitude even more apparent.

And as the CNN piece reports, the new currencies at least have original artwork, like the town in Brazil that “encouraged its 23,000 residents last year to spend money locally with the capivaris, the local currency decorated with the face of a rodent.” Hey, it beats looking at another dead figurehead on your cash, doesn’t it?

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William R. Feins , freelance journalist from London, UK; he received his B.A. degree in Economics and his Masters in Sociology. William has always been interested in the mechanics of business and the inspiration of original thinkers, and firmly believes that the former can’t succeed without the latter. In his spare time, he enjoys the ridiculous spectacle of watching table tennis on a big screen (preferably at a pub) and reading weighty tomes about World War II.

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