Currency of the Future?

Discussion in 'Economics' started by Delirious, Jul 7, 2007.

  1. bluud

    bluud

    You're talking about Bank of America, right? ... BoA sucks ... it's a total rip-off ... I still have accounts with them but they suck ... go for HSBC savings ... no monthly fees ... and an annual return of 5.05% ... plus you can do everything online without ever having to talk to an agent ... even open an account ... you can withdraw money from your savings account from anywhere in the world ... there are no withdrawal or deposit fees ... if you have say 100$ in your HSBC account for 10 days ... and then you withdraw your money from an HSBC ATM in say Cyprus ... not only you will not be charged but in the end of the month you will receive the 10 day interest earned for the 100$ ... (5.05 * 10/365) = 77 cents ... just pointing to the fact that they are much more honest than BoA

    http://www.us.hsbc.com/1/2/3/personal/savings

    One of America's highest savings account rates
    No monthly maintenance fees
    No minimum term


    but then you have BoA [​IMG]

    http://www.bankofamerica.com/deposits/checksave/index.cfm?template=save_overview

    and probably a billion other hidden fees
     
    #21     Jul 10, 2007
  2. Have had BoA for over 15 years. Love them. I don't get hit with all those fees.
     
    #22     Jul 10, 2007
  3. a friend was just mentioning regional currencies to me, like the North Carolina Plenty, and Ithaca Hours. These may be an interesting sustainable community idea to look into. It could wind up an unconventional way to teach your daughter about regional commerce and community economics
     
    #23     Jul 10, 2007
  4. What?
     
    #24     Jul 10, 2007
  5. sorry it's early and i've been traveling for days.... all i meant was that regional currencies could be an interesting way to teach his daughter about economics on a community level. i really don't know much about them
     
    #25     Jul 10, 2007
  6. No worries, I understood what you were saying. I've just never heard of "regional" US currencies. Are we talking Civil war period or something?
     
    #26     Jul 10, 2007
  7. #27     Jul 10, 2007
  8. These are getting more popular everyday.

    Its funny. A very smart person I know said that he believes there will be a move for some states to secede from the USA. Not in the near future but maybe 20-50 years. Primarily due to the major illegal immigration(why should the folks in Maine pay for the hordes stampeding across TX for example) issues the gubment cares to do nothing about. Throw in a stifling federal tax increase and rapid devaluing of the $ and you may have the makings for such an event. These local currencies may be the start.
     
    #28     Jul 10, 2007
  9. Ah yes. Very credible. My favorite was this quote:

     
    #29     Jul 10, 2007
  10. bluud

    bluud

    He could also look into:

    Linden Dollars
    http://secondlife.com/whatis/economy-market.php

    related news:
    http://www.forbes.com/entrepreneurs...ng-worldofwarcraft-gaming-cx_1021wharton.html


    ***********

    quote: "Virtual Banking Licenses Sold!"

    http://www.entropiauniverse.com/en/rich/5000.html

    related news:
    http://www.ukfastblog.co.uk/03/05/2006/the_most_virtual_dollar_ever_spent___gaming_pays

    [​IMG]
     
    #30     Jul 10, 2007