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With a record number of Americans going without health insurance, local currencies are one of the few ways the uninsured can afford medical care.
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Five local currency communities you should know about.
Worried that the Federal Reserve and the U.S. dollar are on the brink of collapse, more than a dozen states have proposed using their own alternative currencies of silver and gold.
Unlike individual communities, which are allowed to create their own currency -- as long as it is easily distinguishable from U.S. dollars -- the Constitution bans states from printing their own paper money or issuing their own currency. But it allows the states to make "gold and silver Coin a Tender in Payment of Debts."
To the state legislators who are proposing state-issued currencies, that means gold and silver are fair game, said Edwin Vieira, an alternative currency proponent and attorney specializing in Constitutional law. And since gold has grown exponentially more valuable, while the U.S. dollar continues to lose ground, the notion has become increasingly appealing to state lawmakers, he said.
"The Brixton Pound unveiled its second issue of notes on Thursday 29th September 2011.They feature four Brixton Heroes – David Bowie, Luol Deng, Len Garrison & Violette Szabo – and a wealth of ..."