Comments on: Letter to the Governor of California

By: Matt Franko

Matt Franko — Wed, 01 Jul 2009 22:07:59 +0000

FWIW I did a similar email. Here is the link to Arnold's email correspondence system if anyone else wants to show support for these ideas. Resp,

By: warren mosler

warren mosler — Wed, 01 Jul 2009 21:15:06 +0000

the reason they hesitate to take them for tax payment is because they fear getting that many fewer ‘real’ dollars.

however the new spending power far outstrips that effect by definition

they also might have bond indentures they would be concerned about as the bond payments are based on $ revenues

By: barton

barton — Wed, 01 Jul 2009 19:32:37 +0000

I sent the Governor’s office an email asking them to take Bill’s suggestion seriously and urging them to get in touch with him. Of course I am a nobody and being who they are, they will probably make Bill out to be some crackpot, but hey, it’s worth a shot! It really could have a dramatic, and positive impact for an economy as large and important as California’s.

By: KingofthePaupers

KingofthePaupers — Wed, 01 Jul 2009 17:53:59 +0000

Jct: Thereâ€™s nothing wrong with small denomination California State IOUs if I or anyone else can pay their taxes with them. When Argentinaâ€™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 wonâ€™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.