Comments on: Are California IOUs Constitutional? http://dqydj.net/are-california-ious-constitutional/ Enlightened Discussion for the Night and Weekend Crowd. Tue, 16 Feb 2010 22:30:59 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: PKamp3 http://dqydj.net/are-california-ious-constitutional/comment-page-1/#comment-87 PKamp3 Wed, 08 Jul 2009 14:27:57 +0000 http://dqydj.net/?p=322#comment-87 Joe, it's true, but you can't leave the population out of the blame. The California Ballot Proposition system (see http://en.wikipedia.org/wiki/California_ballot_proposition) allows the people to vote for things without voting for a method to fund it. I've railed against populism before, but California takes the cake with this system to vote by poll. Joe, it’s true, but you can’t leave the population out of the blame. The California Ballot Proposition system (see http://en.wikipedia.org/wiki/California_ballot_proposition) allows the people to vote for things without voting for a method to fund it. I’ve railed against populism before, but California takes the cake with this system to vote by poll.

]]> By: Joe http://dqydj.net/are-california-ious-constitutional/comment-page-1/#comment-81 Joe Wed, 08 Jul 2009 06:15:52 +0000 http://dqydj.net/?p=322#comment-81 Regardless, the state of California is in a deep financial mess. Sadly, the Democrats and Republicans in the region can't seem to agree on anything and this whole mess is getting worse with prolonged hardball politicking. Regardless, the state of California is in a deep financial mess. Sadly, the Democrats and Republicans in the region can’t seem to agree on anything and this whole mess is getting worse with prolonged hardball politicking.

]]> By: Carnival of Personal Finance #212 | Smart Money http://dqydj.net/are-california-ious-constitutional/comment-page-1/#comment-73 Carnival of Personal Finance #212 | Smart Money Mon, 06 Jul 2009 05:22:40 +0000 http://dqydj.net/?p=322#comment-73 [...] Quit Your Day Job presents Are California IOUs Constitutional?, and with this economics/law article on the legality of California IOUs in the context of [...] [...] Quit Your Day Job presents Are California IOUs Constitutional?, and with this economics/law article on the legality of California IOUs in the context of [...]

]]> By: Carnival of Personal Finance #212: Independence Day Around the World Edition | Darwin's Finance http://dqydj.net/are-california-ious-constitutional/comment-page-1/#comment-72 Carnival of Personal Finance #212: Independence Day Around the World Edition | Darwin's Finance Mon, 06 Jul 2009 03:59:48 +0000 http://dqydj.net/?p=322#comment-72 [...] Quit Your Day Job presents Are California IOUs Constitutional?, and with this economics/law article on the legality of California IOUs in the context of [...] [...] Quit Your Day Job presents Are California IOUs Constitutional?, and with this economics/law article on the legality of California IOUs in the context of [...]

]]> By: PKamp3 http://dqydj.net/are-california-ious-constitutional/comment-page-1/#comment-70 PKamp3 Sat, 04 Jul 2009 16:19:24 +0000 http://dqydj.net/?p=322#comment-70 KingofthePaupers, This article suggests that at least one group, retailers, won't have the ability to use these IOUs for taxes: http://www.sfgate.com/cgi-bin/blogs/pender/detail?&entry_id=42871 KingofthePaupers,

This article suggests that at least one group, retailers, won’t have the ability to use these IOUs for taxes:

http://www.sfgate.com/cgi-bin/blogs/pender/detail?&entry_id=42871

]]> By: KingofthePaupers http://dqydj.net/are-california-ious-constitutional/comment-page-1/#comment-69 KingofthePaupers Sat, 04 Jul 2009 14:21:55 +0000 http://dqydj.net/?p=322#comment-69 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. Sorry... forgot to say great post - can't wait to read your next one! 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.
Sorry… forgot to say great post – can’t wait to read your next one!

]]>