[LINK] The shocking reason the U.S. wants to stop Facebook’s Libra

[Kim Holburn]

I noticed that.  I seem to recall that in the past banks created their own currency.  

https://www.therightnote.com.au/articles/private-banknotes-in-australia-1817-1901/ <https://www.therightnote.com.au/articles/private-banknotes-in-australia-1817-1901/>

Surely in other countries too.

> On 2019/Jul/11, at 2:28 pm, JLWhitaker <jwhit at internode.on.net> wrote:
> 
> On 11/07/2019 9:16 AM, Kim Holburn wrote:
>> >Money has, until the rise of decentralized cryptocurrencies, been an instrument of the state and central banks. Never before had a company decided to just start issuing money of their own. Until now.
>> >
> Historically not true. Look up scrip.
> 
> Jan
> 
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Kim Holburn
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