... and pestilences, ...in divers places. Matthew 24:7
"The last time this small town in Washington State printed local dollars out of wood was in the Great Depression. Now, the town of Tenino, a community of fewer than 2,000 people near
Seattle, has fired up the printing presses after 90 years to fight the virus-induced downturn that has decimated the region.
Tenino residents who can prove economic hardships caused by the virus pandemic are eligible for $300 per month in wooden dollars, subsidized by the local government grant program. So far, the city printed $10,000 of local currency for residents to only be used at businesses in city limits.
Fournier's central idea is pulled straight from Tenino's history. During the Great Depression, the city printed sets of wooden dollars using that exact same 1890 newspaper printer. Within a year, the wooden currency had helped bring the economy back from the dead.
By reinstating the old currency now, Fournier has accidentally become part of a much bigger movement. With businesses worried about keeping the lights on and people scrambling to find spending money, communities have struggled to keep their local economies afloat.
So they've revived an old strategy: When in doubt, print your own money."
ZeroHedge
"The last time this small town in Washington State printed local dollars out of wood was in the Great Depression. Now, the town of Tenino, a community of fewer than 2,000 people near
Tenino residents who can prove economic hardships caused by the virus pandemic are eligible for $300 per month in wooden dollars, subsidized by the local government grant program. So far, the city printed $10,000 of local currency for residents to only be used at businesses in city limits.
Fournier's central idea is pulled straight from Tenino's history. During the Great Depression, the city printed sets of wooden dollars using that exact same 1890 newspaper printer. Within a year, the wooden currency had helped bring the economy back from the dead.
By reinstating the old currency now, Fournier has accidentally become part of a much bigger movement. With businesses worried about keeping the lights on and people scrambling to find spending money, communities have struggled to keep their local economies afloat.
So they've revived an old strategy: When in doubt, print your own money."
ZeroHedge
