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Article: Alternative money has redeeming value: proponents of the repeal of the Federal Reserve Act accuse the Fed of enslaving Americans with debt and are promoting a new currency to replace the greenback. (The nation: new cash).
- Article from:
- Insight on the News
- Article date:
- April 15, 2003
- Author:
CopyrightCOPYRIGHT 2003 News World Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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More than $3 million worth of them are in circulation throughout the United States, with an estimated 30,000 people using them in place of the dollar at an unknown, yet apparently increasing, number of business establishments.
No, they aren't Disney Dollars, but the principles are similar to those of mouse money and, surprisingly, to Federal Reserve notes. Those who use them claim that they are the "real" money, backed by something of value. They mean to make a statement about their lack of faith in the greenback, the world's premier currency.
Five years ago economist and retired mint master of the Royal Hawaiian Mint Bernard von NotHaus began the ...