- Thread starter STEVE G.
- Start date
Juan Dolio - South Beach of the Caribbean !!!
You would be free to buy anything in the area- its up to you what currency you would use.
This plan already existed in San Pedro when the Cristobal Colon refinery paid their employees in vouchers that were spendable in San Pedro and surrounding area. Worked well... back then. The vouchers were made out the individual who was registered as the payee. Unknown third parties couldn't cash them in without the ID etc..
Its your life, not the few pesos you own, that might have some value worth protecting and that's the primary objective here.
sorry for the length and taking up so much space, but read this as a background for the currency idea: happening today all over the USA for some pretty good reasons:
US Communities print their own currency to keep cash flowing
SolveeCoagula
Posts:
Joined: 2008-01-20
US Communities print their own currency to keep cash flowing
By David Coates, The Detroit News, via AP
In Detroit, three downtown businesses have created a local currency, or scrip, to keep dollars earned locally in the community.
A small but growing number of cash-strapped communities are printing their own money.
Borrowing from a Depression-era idea, they are aiming to help consumers make ends meet and support struggling local businesses.
The systems generally work like this: Businesses and individuals form a network to print currency. Shoppers buy it at a discount — say, 95 cents for $1 value — and spend the full value at stores that accept the currency.
Workers with dwindling wages are paying for groceries, yoga classes and fuel with Detroit Cheers, Ithaca Hours in New York, Plenty in North Carolina or BerkShares in Massachusetts.
Ed Collom, a University of Southern Maine sociologist who has studied local currencies, says they encourage people to buy locally. Merchants, hurting because customers have cut back on spending, benefit as consumers spend the local cash.
FIND MORE STORIES IN: United States | North Carolina | New York | Massachusetts | Indiana | Institute of Certified Public Accountants | Depression-era | Plenty | Berkshires | Bureau of Engraving | University of Southern Maine | Tom Ochsenschlager | Piedmont Biofuels
"We wanted to make new options available," says Jackie Smith of South Bend, Ind., who is working to launch a local currency. "It reinforces the message that having more control of the economy in local hands can help you cushion yourself from the blows of the marketplace."
About a dozen communities have local currencies, says Susan Witt, founder of BerkShares in the Berkshires region of western Massachusetts. She expects more to do it.
Under the BerkShares system, a buyer goes to one of 12 banks and pays $95 for $100 worth of BerkShares, which can be spent in 370 local businesses. Since its start in 2006, the system, the largest of its kind in the country, has circulated $2.3 million worth of BerkShares. In Detroit, three business owners are printing $4,500 worth of Detroit Cheers, which they are handing out to customers to spend in one of 12 shops.
During the Depression, local governments, businesses and individuals issued currency, known as scrip, to keep commerce flowing when bank closings led to a cash shortage.
By law, local money may not resemble federal bills or be promoted as legal tender of the United States, says Claudia Dickens of the Bureau of Engraving and Printing.
"We print the real thing," she says.
The IRS gets its share. When someone pays for goods or services with local money, the income to the business is taxable, says Tom Ochsenschlager of the American Institute of Certified Public Accountants. "It's not a way to avoid income taxes, or we'd all be paying in Detroit dollars," he says.
Pittsboro, N.C., is reviving the Plenty, a defunct local currency created in 2002. It is being printed in denominations of $1, $5, $20 and $50. A local bank will exchange $9 for $10 worth of Plenty.
"We're a wiped-out small town in America," says Lyle Estill, president of Piedmont Biofuels, which accepts the Plenty. "This will strengthen the local economy. ... The nice thing about the Plenty is that it can't leave here."
US Communities print their own currency to keep cash flowing
SolveeCoagula
Posts:
Joined: 2008-01-20
US Communities print their own currency to keep cash flowing
By David Coates, The Detroit News, via AP
In Detroit, three downtown businesses have created a local currency, or scrip, to keep dollars earned locally in the community.
A small but growing number of cash-strapped communities are printing their own money.
Borrowing from a Depression-era idea, they are aiming to help consumers make ends meet and support struggling local businesses.
The systems generally work like this: Businesses and individuals form a network to print currency. Shoppers buy it at a discount — say, 95 cents for $1 value — and spend the full value at stores that accept the currency.
Workers with dwindling wages are paying for groceries, yoga classes and fuel with Detroit Cheers, Ithaca Hours in New York, Plenty in North Carolina or BerkShares in Massachusetts.
Ed Collom, a University of Southern Maine sociologist who has studied local currencies, says they encourage people to buy locally. Merchants, hurting because customers have cut back on spending, benefit as consumers spend the local cash.
FIND MORE STORIES IN: United States | North Carolina | New York | Massachusetts | Indiana | Institute of Certified Public Accountants | Depression-era | Plenty | Berkshires | Bureau of Engraving | University of Southern Maine | Tom Ochsenschlager | Piedmont Biofuels
"We wanted to make new options available," says Jackie Smith of South Bend, Ind., who is working to launch a local currency. "It reinforces the message that having more control of the economy in local hands can help you cushion yourself from the blows of the marketplace."
About a dozen communities have local currencies, says Susan Witt, founder of BerkShares in the Berkshires region of western Massachusetts. She expects more to do it.
Under the BerkShares system, a buyer goes to one of 12 banks and pays $95 for $100 worth of BerkShares, which can be spent in 370 local businesses. Since its start in 2006, the system, the largest of its kind in the country, has circulated $2.3 million worth of BerkShares. In Detroit, three business owners are printing $4,500 worth of Detroit Cheers, which they are handing out to customers to spend in one of 12 shops.
During the Depression, local governments, businesses and individuals issued currency, known as scrip, to keep commerce flowing when bank closings led to a cash shortage.
By law, local money may not resemble federal bills or be promoted as legal tender of the United States, says Claudia Dickens of the Bureau of Engraving and Printing.
"We print the real thing," she says.
The IRS gets its share. When someone pays for goods or services with local money, the income to the business is taxable, says Tom Ochsenschlager of the American Institute of Certified Public Accountants. "It's not a way to avoid income taxes, or we'd all be paying in Detroit dollars," he says.
Pittsboro, N.C., is reviving the Plenty, a defunct local currency created in 2002. It is being printed in denominations of $1, $5, $20 and $50. A local bank will exchange $9 for $10 worth of Plenty.
"We're a wiped-out small town in America," says Lyle Estill, president of Piedmont Biofuels, which accepts the Plenty. "This will strengthen the local economy. ... The nice thing about the Plenty is that it can't leave here."
At my colmado we offer a home delivery service. From 7am till 10 pm and we have a lot of clients for this. It costs 20 RD$. On Wednesday night we had a call for sandwiches, rum, cigarettes and change for 2000 RD$. Normal. The manager left on his bike to deliver it. Outside the house where he was to deliver it, one of our best customers and only about 3 minutes from the colmado, he was attacked by 3 Dominicans with guns. they took the delivery, the change, his motorbike, his cell phones and his wallet.
They are not just attacking Gringos here, but now Dominicans too.
matilda
They are not just attacking Gringos here, but now Dominicans too.
matilda
At my colmado we offer a home delivery service. From 7am till 10 pm and we have a lot of clients for this. It costs 20 RD$. On Wednesday night we had a call for sandwiches, rum, cigarettes and change for 2000 RD$. Normal. The manager left on his bike to deliver it. Outside the house where he was to deliver it, one of our best customers and only about 3 minutes from the colmado, he was attacked by 3 Dominicans with guns. they took the delivery, the change, his motorbike, his cell phones and his wallet.
They are not just attacking Gringos here, but now Dominicans too.
matilda
Just spoke to one of the guys who works as a dive instructor here and they got robbed at gunpoint at home last Saturday by 3 Dominicans.
Maybe the same criminals
They are not just attacking Gringos here, but now Dominicans too.
matilda
Just spoke to one of the guys who works as a dive instructor here and they got robbed at gunpoint at home last Saturday by 3 Dominicans.
Maybe the same criminals
I would argue that Juan Dolio has now become a target and is getting a better share of delinquent trash than one would consider relative to its size. I would not want to consider the lack of police activity as contributing to the increase in the thefts/assaults in the area. Perhaps the entry/exit via the boulevard now needs to be restricted, like in Casa de Campo.
Just a thought.
Just a thought.
Fernandez wrote: I would not want to consider the lack of police activity as contributing to the increase in the thefts/assaults in the area.
*X*X*X*X*X*X*X*
A few weeks ago our caretaker called the police at 3AM to report there was a man with a gun at the property next door (nobody currently living there) This man was trying to come over the wall to our apartment property. The only thing keeping him from coming over was the guard dog who was barking furiously.
The caretaker told the police where we were in relation to Giulia's Cafe.
The police response? They didn't know where Giulia's cafe was located so they couldn't come.
*X*X*X*X*X*X*X*
A few weeks ago our caretaker called the police at 3AM to report there was a man with a gun at the property next door (nobody currently living there) This man was trying to come over the wall to our apartment property. The only thing keeping him from coming over was the guard dog who was barking furiously.
The caretaker told the police where we were in relation to Giulia's Cafe.
The police response? They didn't know where Giulia's cafe was located so they couldn't come.