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Author Topic: Phoenix Coin interest  (Read 2540 times)
steelhouse
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May 28, 2012, 04:05:51 PM
 #21

If you back a currency with a U.S. dollar, instead of all the inflation going to federal government, it would go to local government.   What this means if you back $10 billion in local dollars, all the inflation would benefit the local community.  If the city placed that money in stocks or bonds, all the dividends and interest would be profit.
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