
“Philadelphia isn’t the only community experimenting with this idea. Other areas, like the Berkshire area of Massachusetts, have a similar currency (theirs is called BerkShares, not to be confused with Buffett’s Berkshire). The exchange of Equal Dollars is a $2.5 million operation, according to RHD. BerkShares claims that it circulated over one million BerkShares circulated in the first nine months of operation and over 2.7 million to date (roughly pegged at $.95 U.S. per BerkShare). Ithaca HOURS, touted as the oldest local currency in the country, currently has over $100,000 in circulation.”
Related posts:
Rumsfeld: Obama hasn’t justified Syria attack
Trump executive order keeps Guantanamo Bay military prison open
Ingham County judge rules Detroit bankruptcy be withdrawn
Hollande begs UK Labour Party to back bombing ISIS in Syria
Mo Farah held by US customs on suspicion of being a terrorist as he returned to family home for Chri...
NATO airstrike kills two Afghan children
End Of The Silk Road: FBI Says It's Busted The Web's Biggest Black Market
How Long Can a Cop Keep You After a Traffic Stop? No One's Sure
Iran's Ahmadinejad meets successor after being ousted in election
Bitcoin dealer sentenced to four years in prison
U.S. Government Calls for Limits on Companies' Use of Web Data
Amnesty calls on U.S. to explain its ‘license to kill’ with drones
Bitcoin developers offer $10,000 virtual bounty to fix mystery Mac bug
With military at ‘turning point,’ defense chief Leon Panetta avoids bold moves
Inside the Bitcoin advocates’ closed-door meeting with federal regulators