American open currency standard

American open currency standard

American open currency standard (david morgan

This article relies on a single source for the majority of its information. On the talk page, you can find relevant discussion. Please contribute to the advancement of this article by adding citations to additional sources. Locate sources: JSTOR – “American Free Currency Standard” – news, newspapers, books, and scholars (November 2019)
The American Open Currency Standard (AOCS) is a non-profit group dedicated to encouraging the use of metal as money as an alternative to fiat money. AOCS grants approval to new currencies, assists new currency issuers in developing brand identity, and encourages merchants to adopt AOCS-approved currencies in compliance with its mission. Robert Gray, who was previously a Regional Currency Office for Liberty Dollar and is now the Executive Director of AOCS, created the organization in 2007. When Ron Paul was the Chair of the House Financial Services Subcommittee on Domestic Monetary Policy and Technology, Robert Gray testified before the Committee. 1st

Adam kokesh on the federal reserve and sound money

The AOCS has developed a shared standard for the slew of community currencies springing up across the country. Communities and individuals may design their own medallions using the accurate, recorded norm. AOCS medallions and rounds, regardless of design, can be used to exchange for products and services as long as they meet the norm.
AOCS also promotes and supports the expansion of a Merchant Marketplace, a directory of businesses that accept AOCS-approved gold, silver, and copper medallions in exchange for products and services.
Due to volatility in a metal’s value in dollars, Euros, and pounds, previous attempts to create a commodity-backed alternative to fiat currencies have largely failed (or whatever currency is used in a particular country).
In reality, currencies like the US Dollar aren’t really “money” because they don’t have any inherent value. Only because retailers and individuals recognize them as payment for goods and services do they have value.

The gold standard explained in one minute

It’s incredible to think that, after a year of [mostly losing] the fight for my life, fortune, and sacred dignity, we’re just two weeks away from the one-year anniversary of the M2 bankruptcy. But today, the remaining members of our team are back to doing what they do best: generating value and benefit by advancing decentralized commodity monetary structures.
I decided toward the end of 2013 that I’d be more successful if I moved a continent or two away from the drama. I needed some time to clear my mind, step back, and critically analyze all that had happened. As a result, I booked a flight to Southeast Asia and haven’t looked back.
Eating from street vendors and staying in hostels with strangers is really humbling, and it has provided me with many valuable learning opportunities. One that comes to mind is the fact that, despite being surrounded by a diverse range of cultures, sects, cuisines, and languages, merchants in the area are unconcerned about the amount of money you spend.
It’s a stark contrast to the states, where most companies only welcome US Dollars and feel they’re bound by law to do so. Most vendors don’t care if you pay in Rupiah, Ringgit, Sing Dollars, gold, silver, or Bitcoin. You show them what you’ve got, they pull out a calculator, and a polite negotiation (mostly of hand signals and gestures) ensues, with both parties satisfied.

Why the us dollar is the king of currencies

This article relies on a single source for the majority of its information. On the talk page, you can find relevant discussion. Please contribute to the advancement of this article by adding citations to additional sources. Locate sources: JSTOR – “American Free Currency Standard” – news, newspapers, books, and scholars (November 2019)
The American Open Currency Standard (AOCS) is a non-profit group dedicated to encouraging the use of metal as money as an alternative to fiat money. AOCS grants approval to new currencies, assists new currency issuers in developing brand identity, and encourages merchants to adopt AOCS-approved currencies in compliance with its mission. Robert Gray, who was previously a Regional Currency Office for Liberty Dollar and is now the Executive Director of AOCS, created the organization in 2007. When Ron Paul was the Chair of the House Financial Services Subcommittee on Domestic Monetary Policy and Technology, Robert Gray testified before the Committee. 1st

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