do Canadian laws prevent its people from creating a local monetary system?
and if you were able to legally create a local monetary system
what would the money be backed by?
if you choose something like gold or silver or the stock market to back the money then the value of the money will fluctuate way too much.
even the electronic bits will fluctuate with the money that is used to buy the bits with.
think about this , if you were on a deserted island with someone who had cans of food.
and you had a handful of thousand dollar bills , which would
have more value?
the food or the paper.
you'll need to find something that can not lose its value to use to back the money you make , something that can not be linked to the established Canadian currency..
but what could that be.
could you set prices on certain goods so that when the new money is used to purchase those goods those prices will never increase or change?
maybe you could purchase the right to buy a loaf of bread
with one of the new dollars and if the price of a loaf of bread goes to 5 dollars Canadian , your new dollar will still buy a
loaf of bread.
why not just buy gold and silver and hold.
