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Portland Local Currency

In order to minimize reliance on the debt-riddled US Dollar, local communities...
In order to minimize reliance on the debt-riddled US Dollar, local communities throughout the country have been developing local currencies. These currencies are based on the average hourly earnings of each region and are legally exchanged as cash.

The value of community currency is to increase the exchange of products and services that are produced in the Portland metropolitan region. The dollar that you spend at Home Depot goes to headquarters in Atlanta, while that money, spent at your local hardware store will stay in Portland, fostering community growth.

In addition, mature community currency programs focus on sustainability, zero-rate community development loans, and many other projects that are managed by members.

If you are interested in community currency and what it can do for Portland, drop a line to  tsexton@pdxhours.org and share your thoughts.

homepage: homepage: http://www.pdxhours.org


nice idea 28.Nov.2006 20:54

futureist

local shareholdings were the method by which communities built themselves up through major constructions. Now governments do this with bonds, while private companies (essentially principalities of the marketplace) seek fewer and fewer restrictions on how much of the market they can control. This is what the US is doing in it's hold on the petrodollar.
Our whole economy is based on oil imported from other countries.
If an oil crash occurs, the major questions are - which industries will likely stay afloat and which will falter, what population centers will need relocating as a result of depression or habitat loss due to global warming? (neo-cons are seriously thinking about that one - it's called disaster capitalism)

SO IN WHAT MEASURE does one calculate the value of labor worked? By what calculations do we determine the land value itself and tax with breaks for environmentally sound living.
Land Redistribution based on equal rights is one method and could be the best (a bit pretentious i know) but it's a great method to reassert our values about ownership society.

Well, the next question HOW DO WE GET THERE TOGETHER?
peace is the only way? The love of Jesus, what percentage of military call themselves Christians?

who's gotta better idea?

good idea, but what happen to Cascadia Hours? 29.Nov.2006 09:59

Ecotopian Yeti

I think this is great, but curious as to what happen to Cascadia Hour Exchange

 http://portland.indymedia.org/en/2005/12/330430.shtml

 http://portland.indymedia.org/en/2005/11/328329.shtml

 http://portland.indymedia.org/en/2006/07/342615.shtml

 http://portland.indymedia.org/en/2006/07/342681.shtml

Ofcourse the Oregon Country had its own currency before partitioning and aneexation into the American Empire and the British Crown Colony

wiki entry:

Beaver Coins
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Beaver Coins, also known in Pioneer days as Beaver Money, were gold coins briefly minted by the Provisional Government of the Oregon Territory in the late 1840s. The coins were available in 5 and 10 dollar denominations. Their name comes from the prominent beaver depicted on the obverse of the coins. Today these coins are quite rare and valuable.

The influx of settlers into the Oregon Country produced a shortage of circulating currency. The population at the time resorted to using gold specks or minting their own gold coins for use in trading. Many settlers began lobbying the territory's new government to correct this situation.

The Provisional Territorial Legislature at Champoeg then gave the approval for the Oregon Exchange Company to mint currency. Although the Oregon Exchange Company was mostly a private organization, the territorial legislature set the coin's values, authorized a mint, and appointed the officers to the mint. The mint was located in Oregon City, Oregon.

After Oregon's official U.S. territory status, the Oregon Exchange Company became an entirely private enterprise continuing its operations until Governor Joseph Lane ruled the operation unconstitutional.

The opening of the United States Mint branch in San Francisco, California would also play a part in the demise of the "Beaver Coins". The new mint branch made a large supply of gold and silver U.S. currency both available and nearby.

Circulating value
The "Beaver Coins" were meant to be equal to gold U.S. currency of the same value. However, it was found that these coins contained ten percent more gold than their intended counterparts.


Legality of the coins
While the U.S. Constitution expressly forbids component polities of the U.S. to produce coinage, it was argued by the Provisional Government of the Oregon Territory that "necessity knows no laws". It could also be argued that during the Anglo-American joint occupation of Oregon, the territory was not officially part of either government, and any established government could act as it wished. This runs contrary to the agenda of the provisional government which actively sought to be brought into the United States.

However, after Oregon was officially organized as a U.S. Territory the coins were clearly unconstitutional. Joseph Lane, the first U.S. territorial governor, remedied this upon his examination of all the provisional government's laws, striking only the law calling for the minting of coinage.

The formal U.S. Government's reaction to the coins was to buy them up at a premium rate in exchange for U.S. currency. The coins were called up by the San Francisco Mint and taken out of circulation.

 http://en.wikipedia.org/wiki/Beaver_Coins
Cascadia Hour
Cascadia Hour
Beaver Money
Beaver Money

Portland Dollar Website 25.Jan.2007 07:15

Shane Brookings

If you want to change the system, you must first withhold the money that fuels it.