The Occupy Movement Is Launching A Money Cooperative

Posted by Eudaimonia 12 years, 9 months ago to Politics
11 comments | Share | Flag

Three separate points.
1) Occupy become bankers?
I don't know whether to laugh hysterically or shake my damn head.

2) As run under Occupy's philosophy: <sarc>Oh, yeah, *that's* gonna work!</sarc>

3) As run under Gulcher's philosophy: Hey! Wait a minute! There might be something to this!

All Comments

  • Posted by Rocky_Road 12 years, 9 months ago in reply to this comment.
    "I'm worried that the esoterica of it will strongly play against it."

    As it does, since it was not ever imagined to be understood, or adopted, by the unwashed masses.

    Sort of like The Gulch...exceptional members only!
    Reply | Permalink  
  • Posted by Rocky_Road 12 years, 9 months ago in reply to this comment.
    You lost me when you saluted Michael Moore with anything short of your middle finger!

    Since the basis of the Occupy Movement is to 'draw and quarter' ALL producers, you have chosen a strange political bed-fellow....
    Reply | Permalink  
  • Posted by Rocky_Road 12 years, 9 months ago
    What a cosmic joke.

    They are going to protect their clients from all of the 'risks' of dealing with the established banks, and the "U.S. economy"...but they are dependent upon the same Federal Reserve System that we all are. Until they establish their own currency (which is illegal), they offer nothing. This is like giving up Starbucks, for your neighbor's kid's lemonade stand....

    Not to mention that they have promised FDIC insurance: "To get FDIC insurance, which the cooperative promises, which bank will the Occupy Money Cooperative team up with?"

    Losers, pretending that they aren't....
    Reply | Permalink  
  • Posted by $ MikeMarotta 12 years, 9 months ago
    Nothing teaches like experience. I wish them well. Just a couple of notes:

    1. It is NOT illegal to have your own currency. See here:http://www.michigancoinclub.org/Baybucks.htm

    What is illegal is having your own COINS as MONEY - serious technicality in the law - though you can have your own TOKENS in coin-like form, and many entities (such as casinos) do.

    2. While credit unions are defined by a membership population, that can be simply locale; such community area credit unions do exist in several states.

    Again, I wish them well for the same reason that I salute Michael Moore as a successful capitalist.
    Reply | Permalink  
  • Posted by Eudaimonia 12 years, 9 months ago in reply to this comment.
    I've looked into bitcoin enough to be intrigued by it.

    Until I have hands on with it, I don't want to form too weighted of an opinion.

    My initial thought on it is that: I use Public/Private key encryption to sign my email, so it is easy for me to understand bitcoin, but the topic is a difficult one for the non-IT person to comprehend.
    I'm worried that the esoterica of it will strongly play against it.


    Reply | Permalink  

  • Comment hidden. Undo