tag:blogger.com,1999:blog-2733966002781439008.post7300688030378408500..comments2023-04-06T08:38:46.797-07:00Comments on Money, Blockchain & Infinity: The Local In Alternative CurrenciesSaulhttp://www.blogger.com/profile/15934295201162532937noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2733966002781439008.post-12503788974868305342009-01-08T08:11:00.000-08:002009-01-08T08:11:00.000-08:00@MarkI guess what I am trying to get at is the fac...@Mark<BR/>I guess what I am trying to get at is the fact that the money leaves the local economy is more a function of the monetary system (and the particular debt money that sends all of the money back to the original bankers and this is true even for the large corporation) then a function of "globalization".<BR/>My goal is (and I will put a post up about this) to advocate alternative currencies that are not bounded by a physical concept of local but more global and virtual networks of locality.Saulhttps://www.blogger.com/profile/15934295201162532937noreply@blogger.comtag:blogger.com,1999:blog-2733966002781439008.post-51068689933559072882009-01-08T05:00:00.000-08:002009-01-08T05:00:00.000-08:00I see where you are headed but I'm not sure I agre...I see where you are headed but I'm not sure I agree. Perhaps it's more accurate to say the Internet economy is more of a global village then my local community. Whey you shop at a large chain store and spend a dollar, .82 cents of each dollar leaves your area for the company's headquarters and bank which could be in another city or country. That money is never returned and spent with another local business. A geographic boundary for local money keeps those dollars within that boundary to be re spent with another business. The dollar spent locally recirculates to be spent again and again. The dollar spent at Wal-Mart, leaves the area never to be seen again, this suck available cash assets out of a community.<BR/>Mark<BR/>editor@dgcmagazine.comMark Herpelhttps://www.blogger.com/profile/16570867131790072001noreply@blogger.com