Wooden money
Рет қаралды 41,803
4 жыл бұрынDuring the Great Depression, when cash was hard to come by, the city of Tenino, Washington printed its own scrip on bits of wood. Now, the antique printing press is busy again producing wooden currency, adorned with Latin, for those hard-hit by the COVID shutdown. Luke Burbank reports.
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@GregStallion 4 жыл бұрын
Remember, money is something that we literally just made up.
@sumobowler3790 4 жыл бұрын
are you familiar with The Venus Project and their ideas for a resource based / no money economy? check out their KZfaq channel and Facebook page
@henrygustav7948 4 жыл бұрын
@@sumobowler3790 have you ever read David Graeber Debt the first 5000 years? It explains how money works, all money is a recording of debt, not a store of value. It really is something we make up and many still don't understand.
@sumobowler3790 4 жыл бұрын
@@henrygustav7948 i have not, i'll check it out. i did hear this earlier in Jan and found it interesting and informative. while i abhor the use of money, i do listen to and have read most of Dave Ramsey. if we're going to continue doing something as barbaric as using money, his teachings are the least barbarous. www.npr.org/2020/01/21/798140390/the-story-of-money-how-human-behavior-shapes-economies-and-vice-versa
@henrygustav7948 4 жыл бұрын
@@sumobowler3790 Hmm here is a video, it is really eye opening and helps people to understand why money and taxes and markets go hand in hand. I think you can also think of it as the basis for Modern monetary theory which explains how fiat money works and how modern economies work. David Graeber Debt- The first 5000 years kzfaq.info/get/bejne/ecB5fLGJza2ok6c.html&t Basics of modern money kzfaq.info/get/bejne/iqp8Z8Zpy7OzdJ8.html&t
@LM01234 4 жыл бұрын
sumo bowler looking into it now thanks
@sooz9433 4 жыл бұрын
What a Wonderful story... thank you CBS Sunday morning. 🖤
@jack_a_roe1117 4 жыл бұрын
This is so wonderful
@shellypain 4 жыл бұрын
Why isn’t that woman receiving unemployment and the $600 per week bonus? She is just exactly the person who it was designed to serve. She is why I pay my taxes.
@sunshine3914 4 жыл бұрын
My tiny town, which serves two other large districts, kept bus drivers on the payroll.
@davanmani556 4 жыл бұрын
That paperwork is hard to do.
@kannyplay9831 4 жыл бұрын
I feel the same way. Idaho was so late get that money to people they were all scrambling to keeping their apartments and healthcare. It was the most vulnerable among us that were hurt.
@MyOutsider 3 жыл бұрын
Some businesses are shady and refuse to pay unemployment under the guise that you're not qualified or eligible for unemployment benefits. They do the same thing in Tennessee where I live. Just like most of us in the USA are turned away from health insurance under the same guise of "You're not eligible for this" bs. Its why I don't have health insurance but yet I was diagnosed with Autism at a therapy clinic who put me on a program they used called safety net since I didn't have insurance :/
@MnkyShots 3 жыл бұрын
She is actually a really sweet lady That is all 🤟
@Brainhoneywalker 4 жыл бұрын
Love finds a way. May they have health, happiness, safety, and all they need, through these times. KUDOS!!
@davanmani556 4 жыл бұрын
Isn’t that an old version of bitcoin?
@larrysouthern5098 4 жыл бұрын
Believe it or not.. the people in Venezuela in south america.. have used their own form of currency ( not their government) after their economic crash..and it works for them!! Is there a future for that here in the US??? ( Bartering comes to my mind!!!)...
@nghtwtchmn129 4 жыл бұрын
During the Dust Bowl days some teachers were paid in script, which were basically IOUs. Local merchants might or might not accept it in lieu of cash.
@nghtwtchmn129 4 жыл бұрын
Some "company towns" once paid mill workers or miners in script that was good only at the company store. It was a form of feudalism.
@carloszenteno 4 жыл бұрын
Who redeems the "wood bills"? The town government? So it is like a local food stamp program? Who gets the money? How? People in need or all the town? You have to apply for it? Very interesting concept.
@muzerhythm2242 4 жыл бұрын
I was curious how this all works too and found an article from CNN about it. Here's the link: amp.cnn.com/cnn/2020/06/20/us/tenino-washington-wooden-money-trnd/index.html
@julieholt7889 4 жыл бұрын
Are you familiar with Universal Basic Income? Andrew Yang has some excellent books that dive into this idea.
@carloszenteno 4 жыл бұрын
@@julieholt7889 Yes I am. But this is only for people in need, not for the whole town. Also, I read a long time ago that one of the Dakotas has printed its own money, separate from the dollar and it was legal.
@UsernamerAlreadyTakn 4 жыл бұрын
Not enough was answered in this
@henrygustav7948 4 жыл бұрын
kzfaq.info/get/bejne/ecB5fLGJza2ok6c.html&t This is how money has functioned for thousands of years, anyone can create money, the problem lies in getting people to accept your iou. Which is why the usd for example is widely accepted, because it promises that it will always be good to pay your taxes with.
@TheDoomWizard 4 жыл бұрын
We're all in survival mode I'm vlogging to keep sane
@acuff86 4 жыл бұрын
The simplicity is beautiful.
@misterblack6521 4 жыл бұрын
I would rather pay this way instead of a damn microchip implant in my hand or forehead to scan.
@georgewashington8260 4 жыл бұрын
Good luck after the Secret Service sees this...
@DIYMikeT 4 жыл бұрын
It should be ok, since Regular money is backing it. Back in the old days, when corporations wiould build dams and big structures, they would setup towns with homes and grocery stores for the works. The workers would be get paid in fake currency created by the Corporations. They could use this currency in the town created by the corporations only. Real money backed the fake money it was just at teh corporate level. The company would by the products for the grocery store,entertainment, etc with real money.
@thedropoutsociety9080 4 жыл бұрын
Great story ..love seeing things like this..good job mayor
@scrappycatz 4 жыл бұрын
Awesome!
@525Lines 4 жыл бұрын
Right on!
@katherinekinnaird4408 4 жыл бұрын
Prayers for Tenino Washington I used to live in Lacey I love it there
@juliegilleland7947 4 жыл бұрын
This is so cool!
@TheSlugger76 4 жыл бұрын
That’s great would love to have one for memories great job
@WoodyAllenManiac 4 жыл бұрын
Where are the masks?
@sunshine3914 4 жыл бұрын
Jason Tempel - Yeah, tell your surgeon that, should you happen to be operated on.
@kenc2257 4 жыл бұрын
@Jason Tempel Yeah! We should certainly be skeptical of the blockchain contamination protocol.
@margo3367 4 жыл бұрын
The reporter was wearing one, but he soon went without it. The point of the story was 'hard times due to the pandemic...' Sigh.
@jeffdahmer1008 2 ай бұрын
Theu don't work
@chrisfinch8637 4 жыл бұрын
If this kind of money was ever legal anywhere, I'd already be saving tons of it for my bank account. Question is, though: where are you ever going to find an ATM that can carry wooden money? The odds of that are one to infinity times infinity.
@johncote2776 4 жыл бұрын
"I guess I'm a Mayor"
@guillermo3564 4 жыл бұрын
Their weed dispensary might take it, but I bet the meth dealers won't.
@sunrisemorninglory9109 4 жыл бұрын
Great episode! Just wished more people were wearing masks!
@user-ku5xo1ph9l 4 жыл бұрын
Where’s her mask where’s the mayors mask ?
@mtjoy747 3 жыл бұрын
Post-"nuke war" bitcoin, LOL, for when the computers are down with EMP, like in the TV series Dark Angel.
@Bucky1836 3 жыл бұрын
Bottlecaps....if you know you know 🤣
@Grahzzyvtvlog 4 жыл бұрын
Wonder how much wood would a woodchuck chuck if a woodchuck could chuck wood
@kenc2257 4 жыл бұрын
I would say...a couple bucks worth.
@tedbiernacki376 4 жыл бұрын
No mention of Berkbucks ! We printed money in Berkshire County, MA, on paper a long time ago !
@Redrumin237 4 жыл бұрын
My family are all from Dalton/Pittsfield. I had never heard of the BerkShares before. That’s really cool. Of course I always knew about Crane Co and then producing the paper for the US currency
@JasonSpencer88 4 жыл бұрын
Types of money are just promissory notes. Nothing special. Fraud is what ruins it.
@henrygustav7948 4 жыл бұрын
All the info is out there #learnMMT.
@rawrbro69 4 жыл бұрын
This is so interesting. Do they just turn the money in for cash in the end or? I like this ideal
@mtjoy747 3 жыл бұрын
We could use salt to pay people, but that is SO last millenium
@CameronEly 4 жыл бұрын
Is this legal?
@Wizardof 4 жыл бұрын
... and meanwhile at an office at the B.E.P., uniformed officers are passing the time watching this.
@mattofthenorth 4 жыл бұрын
Interesting...Maybe it’s a good way to save if you knew there’s a chance you could get a sliver every time you reached in your wallet or purse. 🤷🏻♂️ Take that Bitcoin! 🌞💵🌲
@jc2333 4 жыл бұрын
Teach me to use the machine .
@terryfriend16 4 жыл бұрын
Digital dollar?
@kingofmexico5268 4 жыл бұрын
Can I use monopoly money too??
@videomanicful 4 жыл бұрын
Nice story, but I only noticed the reporter not social distancing with a madk.
@meggiejane8795 4 жыл бұрын
Don't judge people only God can!
@kenc2257 4 жыл бұрын
@James Mccourt Well...Yahweh, certainly, by tradition. Otherwise, for the demi-gods, it could be left to your personal discretion.
@chrispavin3938 4 жыл бұрын
Great story but why is she shopping without a mask on?
@julieholt7889 4 жыл бұрын
UNIVERSAL BASIC INCOME! We are all humans with basic needs. If you’re interested in this, check out Andrew Yang!
@henrygustav7948 4 жыл бұрын
The problem is how we distribute the real goods in the economy that people produce. We need people producing goods and services for peoples basic needs.
@jeffdahmer1008 2 ай бұрын
Would destroy our economy
@leadartist420 4 жыл бұрын
Proves A Soft Sort Of Slavery Slavic Servitude ha
@DIYMikeT 4 жыл бұрын
Obviously they are trading in wooden money for real money at some point in tge life cycle. Some one or entity is backing this cake money with the real thing. You can't just print money and magically start using it edit I watched the video again. so its its basically a stimulus check , from city hall. City hall is using federal money or local taxes to pay for the stimulus money . As long as the local taxes or federal money can pay for this wooden money , then it should be ok. Their is risk for the small business though, if the money runs out.
@DIYMikeT 4 жыл бұрын
@Jason Tempel I watched the video again. so its its basically a stimulus check , from city hall. City hall is using federal money or local taxes to pay for the stimulus money . As long as the local taxes or federal money can pay for this wooden money , then it should be ok. Their is risk for the small business though, if the money runs out.
@MnkyShots 3 жыл бұрын
Facts.It's the gossip of town that someone ppl
@jimboslice9472 4 жыл бұрын
How ignurt