http://www.creditwritedowns.com/2009/06/california-is-to-begin-handing-out-ious-tomorrow.html a finance news and opinion site Mon, 22 Mar 2010 06:53:58 +0000 hourly 1 http://www.creditwritedowns.com/2009/06/california-is-to-begin-handing-out-ious-tomorrow.html#comment-5775 Banks to stop accepting California’s IOUs - Credit Writedowns Tue, 07 Jul 2009 11:46:58 +0000 http://www.creditwritedowns.com/2009/06/california-is-to-begin-handing-out-ious-tomorrow.html#comment-5775 [...] worthless.  Fitch has downgraded California to near-junk status.Note: I should point out an error from a previous post.  I said that California IOUs would pay 5% interest.  Unfortunately, they will pay only [...] [...] worthless.  Fitch has downgraded California to near-junk status.Note: I should point out an error from a previous post.  I said that California IOUs would pay 5% interest.  Unfortunately, they will pay only [...]

]]> http://www.creditwritedowns.com/2009/06/california-is-to-begin-handing-out-ious-tomorrow.html#comment-8441 KingofthePaupers Wed, 01 Jul 2009 18:49:48 +0000 http://www.creditwritedowns.com/2009/06/california-is-to-begin-handing-out-ious-tomorrow.html#comment-8441 Jct: There’s nothing wrong with small denomination California State IOUs if I or anyone else can pay their taxes with them. When Argentina’s government workers were faced with cuts, their unions talked 6 state governments into paying them with small-denomination state bonds which could be used to pay for state services and taxes and which everyone accepted as useful currency. Best of all, when the local currency is pegged to the Time Standard of Money (how many dollars per unskilled hour child labor) Hours earned locally can be intertraded with other timebanks globally! In 1999, I paid for 39/40 nights in Europe with an IOU for a night back in Canada worth 5 Hours.<br>U.N. Millennium Declaration UNILETS Resolution C6 to governments is for a time-based currency to restructure the global financial architecture. See my banking systems engineering analysis at <a href="http://youtube.com/kingofthepaupers" rel="nofollow">http://youtube.com/kingofthepaupers</a><br>Too bad California State IOUs won’t be accepted in payment for state taxes and services like state bonds were in Argentina. Too bad California State IOUs will be denominated too big to use as local currency. Too bad Argentina people were smart enough to avoid the tent-cities catastrophe and California people are too stupid to follow their example. Jct: There’s nothing wrong with small denomination California State IOUs if I or anyone else can pay their taxes with them. When Argentina’s government workers were faced with cuts, their unions talked 6 state governments into paying them with small-denomination state bonds which could be used to pay for state services and taxes and which everyone accepted as useful currency. Best of all, when the local currency is pegged to the Time Standard of Money (how many dollars per unskilled hour child labor) Hours earned locally can be intertraded with other timebanks globally! In 1999, I paid for 39/40 nights in Europe with an IOU for a night back in Canada worth 5 Hours.
U.N. Millennium Declaration UNILETS Resolution C6 to governments is for a time-based currency to restructure the global financial architecture. See my banking systems engineering analysis at http://youtube.com/kingofthepaupers
Too bad California State IOUs won’t be accepted in payment for state taxes and services like state bonds were in Argentina. Too bad California State IOUs will be denominated too big to use as local currency. Too bad Argentina people were smart enough to avoid the tent-cities catastrophe and California people are too stupid to follow their example.

]]> http://www.creditwritedowns.com/2009/06/california-is-to-begin-handing-out-ious-tomorrow.html#comment-5719 KingofthePaupers Wed, 01 Jul 2009 12:49:48 +0000 http://www.creditwritedowns.com/2009/06/california-is-to-begin-handing-out-ious-tomorrow.html#comment-5719 Jct: There’s nothing wrong with small denomination California State IOUs if I or anyone else can pay their taxes with them. When Argentina’s government workers were faced with cuts, their unions talked 6 state governments into paying them with small-denomination state bonds which could be used to pay for state services and taxes and which everyone accepted as useful currency. Best of all, when the local currency is pegged to the Time Standard of Money (how many dollars per unskilled hour child labor) Hours earned locally can be intertraded with other timebanks globally! In 1999, I paid for 39/40 nights in Europe with an IOU for a night back in Canada worth 5 Hours.<br>U.N. Millennium Declaration UNILETS Resolution C6 to governments is for a time-based currency to restructure the global financial architecture. See my banking systems engineering analysis at <a href="http://youtube.com/kingofthepaupers" rel="nofollow">http://youtube.com/kingofthepaupers</a><br>Too bad California State IOUs won’t be accepted in payment for state taxes and services like state bonds were in Argentina. Too bad California State IOUs will be denominated too big to use as local currency. Too bad Argentina people were smart enough to avoid the tent-cities catastrophe and California people are too stupid to follow their example. Jct: There’s nothing wrong with small denomination California State IOUs if I or anyone else can pay their taxes with them. When Argentina’s government workers were faced with cuts, their unions talked 6 state governments into paying them with small-denomination state bonds which could be used to pay for state services and taxes and which everyone accepted as useful currency. Best of all, when the local currency is pegged to the Time Standard of Money (how many dollars per unskilled hour child labor) Hours earned locally can be intertraded with other timebanks globally! In 1999, I paid for 39/40 nights in Europe with an IOU for a night back in Canada worth 5 Hours.
U.N. Millennium Declaration UNILETS Resolution C6 to governments is for a time-based currency to restructure the global financial architecture. See my banking systems engineering analysis at http://youtube.com/kingofthepaupers
Too bad California State IOUs won’t be accepted in payment for state taxes and services like state bonds were in Argentina. Too bad California State IOUs will be denominated too big to use as local currency. Too bad Argentina people were smart enough to avoid the tent-cities catastrophe and California people are too stupid to follow their example.

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