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What is the private currency system?
What are private currency certificates?
What is an Alternative currency?
What is a personal currency (or private trade dollars) (or due-bills)?
Why use private currency?
Why trade? Why not just use regular money?
How do I keep this from interfering with my cash business?
What assets, products and/or services can I purchase using my private currency?
You can buy real estate, cars, boats, aircraft, business services, household items, etc. You can buy virtually anything using your private currency apart from government services, taxes, and utilities.
What is the cost to set up private currency trading at my business?
Remarkably little. Here is what you might need to get underway: 1) copies of the various forms in the “Forms Section” at a few cents per copy; 2) a ream or two of perforated paper stock; 3) a few hours customizing private currency certificates with PhotoShop or other graphic programs; 4) printing the certificates on your copy machine or at a copy service for a few cents per sheet.
What does using a private currency system offer a small company?
Who should be buying with their own private currency?
Would this work for someone without a business?
Is the use of private currency completely legal?
100%. They are due bills issued by a business to make purchases. Virtually every major retail chain now issues and uses “scrip” in the following forms: gift cards, prepaid cards, gift certificates, vouchers, reward points, airline frequent flyer miles, loyalty points, land scrip, company scrip, phone cards, trade certificates, trading stamps, token coins such as subway tokens, IOUs, arcade tokens, tickets, points on some credit cards, or “points” on some websites or discount coupons. The above scrips are the private money (currency) that private companies printed. Private currency is issued directly by a business and spent and redeemed at that business. These scrips, however, could change hands any number of times before being presented for redemption. But those are the companies’ trade dollars.
You could also issue your currency, and it’s 100% legal.
Is income derived from using an alternative currency taxable?
Generally, most all forms of income have some tax implications regardless of the form or character of the income. The private currency program is not a tax-avoidance way of doing business. Please, contact your accountant for tax advice.
How long might I continue using the private currency?
Indefinitely. Managing a trade economy makes you something of your own banker. Every effort should be made to strengthen the image and value of one’s trade dollars as they can be a source of pride to your company, with others anxious to do trade business with you. As your trade dollars achieve a more outstanding reputation, they will bring greater purchasing power, increasing your cash.
What kind of products do people buy with private currency trade?
Virtually all products and services are traded using private currency. Of course, certain things are not tradable (taxes and utilities, for example).
Is this like a trade club?
Not at all. The private currency system is not a club and is far more than what we commonly think of as trade. People use their traditional currency or dollars and euros, etc., to make purchases. They endeavor to use their own private money, which monetizes their products and services, similarly to traditional currency.
What is the starting point to determine if I need a private currency?
What do you mean by “vanishing inventories”?
Most people have or are linked to vanishing inventories of some type but have suffered them so long they may no longer see them. A motel, for example, maybe tickled pink to maintain a seventy percent occupancy rate and fail to appreciate that they may have $500,000 a year simply disappearing night after night. Some of that $500,000 may be converted to advertising and other things the motel needs in the private currency system. Virtually all professionals have substantial vanishing inventories that disappear when the sun goes down. In trade, many things are perfectly marketable that have been bypassed in the cash economy.
What are other examples of vanishing inventories?
New digital technologies have revolutionized manufacturing and many service trades. Their capacity to handle more business has been dramatically expanded, resulting in ever-increasing vanishing inventories. With its vast opportunities for advertising, the Internet has created perhaps the greatest of all vanishing inventories. More traditional examples of those with vanishing inventories include unleased space in a warehouse; service crews available to do more jobs if there were customers available; a professional with office time not billed out; a school with room for more students; a bus or plane with empty seats; a restaurant with empty tables in the dinner hour; a theater with empty seats at show time; a limousine with no passengers in primetime; unused print, radio or TV ad time. Vanishing inventories of time and space are so common we rarely take note anymore and fail to see their gargantuan potential.
What do you mean by “Plus-Business”?
Buying and selling with trade is generally looked on as “Plus-Business.” That is a sale or purchase that would not otherwise have occurred in the cash market. In considering the value of “Plus-Business,” one should, in most cases, forget about fixed overhead, as that cost occurs whether or not you do a trade transaction.
How does wholesale purchasing power relate to using private currency?
Using private currency results in “Plus-Business” and is profitable for most companies because their spread between wholesale and regular retail can be substantial. For example, some companies would likely be unable to trade successfully because they have so little spread. However, when needed business purchases are made with private currency in place of cash, any company can justify trading because the trade value becomes reflected in the company’s bottom line as cash.
Is private currency valuable in good economic times as well as during bad times?
Its use is for any economic climate
Can I use trade dollars to buy family or personal things?
When you own the business, this is easily done. Some users of private currency give substantial amounts to their spouses to negotiate for services and other things needed at the house.
What is a Trade Proposal Form?
How do I determine how many trade dollars to print?
How can one be sure that the trade dollars issued by others will be honored?
A personal currency certificate is a signed due bill and should be enforceable as a legal obligation to be honored as specified on the certificate. Almost any legitimate business would do anything to avoid soiling its reputation by reneging on such a clear obligation as its issue of money.
Would my private currency certificates be a secure way to do business?
Yes, it is, in fact, very secure. Every private currency certificate should be signed or stamped and is at some point returned to the person or business that issued it for redemption by the holder who can verify its authenticity. This process makes private currency very secure, perhaps more secure than a bank check which goes to the bank and not to the issuer for approval and redemption.
How do I customize private currency?
You should find the process relatively simple. See section — “Customizing Your Trade Dollar Certificates” — for full instructions with examples, and this may be all some will require to begin a program in alternative private currency. However, all forms, including a selection of currency certificates, can be downloaded as templates on our website: www.usetradedollars.com.
Who is a trade broker?
Who should I contact if I have more questions?
Who becomes a trade broker?
How secure is my information?
Can a business do this without a trade broker?
What is private currency or trade dollars (credit) used for?
Can I convert private currency to cash?
How do trade brokers assist their clients?
These brokers are people who have educated themselves in the use of private currency and put this knowledge to work on behalf of clients. Brokers help clients pinpoint under-performing or vanishing resources and use these assets to make purchases for clients. They are often on call 24/7 to take things the client has and exchange them for something the client needs and wants.