Originally Posted By: kallog
OK I think I see how Toronto Dollars works. Never heard of temple dollars but maybe it's the same.
Kallog, temple money, in the form of pure silver, gold, copper and bronze coins, was used in an interest-free money system operated at the Temple in Jerusalem. This system was used in Bible times for the just distribution of goods and services. When thieves corrupted the system, Jesus turned over the tables of the moneychangers, who he called thieves. This is what got him arrested and crucified. See Matthew, Mark, Luke and John.

Kallog, you go on
Quote:
A bit like a lottery to pay money to charity with the hope of not having to actually pay it.

Some poor [censored] ends up footing the bill when he's holding a pile of expired dollars or the system collapses and he only gets 90% of their face value back.

A bit like the Lehman Brothers minibonds investors wink
Kallog, none of the above bears even a close resemblance as to what the Toronto Dollar experiment, which has been going on since 1998, is all about. Participating merchants have no complaints.

Speaking as one who lives outside the Toronto Market and who has attended numerous Toronto-Dollar events: The merchants love what they get in return for being involved, including the free advertising that they get by using the system. Otherwise they would not stay involved.

BTW, The merchants only pay the 10% fee if they want to opt out of the system. Meanwhile, they are free to spend all the dollars they have and a lot of products get moved.

BTW, how much reading have you actually done about the history, nature and function of money, especially the kind we call complementary community currency (CCC)?

NO REAL COMMUNITY NEED EVER BORROW AND PAY INTEREST ON MONEY TO MONEY-MANIPULATORS WHO LIVE OUTSIDE IT. IT IS POSSIBLE FOR ANY REAL COMMUNITY TO CREATE ITS OWN INTEREST-FREE MONEY. TO FIND OUT HOW, READ THE FOLLOWING:

1. www.transaction.net The work of Professor Bernard Lietaer, a reformed money-manipulator

2. http://www.alor.org/Library/The%20Guernsey%20Market%20House%20Scheme%20.htm

3. http://www.xat.org/xat/usury.html A MUST-READ SHORT HISTORY of how we have been duped. Note what happened to Lincoln and others who stood up to and opposed the money-manipulators.

4. http://www.hazelhenderson.com/editorials/politics_of_money.html


Edited by Revlgking (03/30/11 03:18 AM)
Edit Reason: Always a good idea!
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