Forget Dollars, Make Your Own Currency

'Complimentary' monetary systems next big thing, futurist says

By Kevin Spak, Newser Staff

Posted Apr 14, 2009 3:00 PM CDT

(Newser) – Futurist Douglas Rushkoff is trying to talk Craig Newmark into creating “craigbucks,” a specialized currency for trading goods on Craigslist. Rushkoff, who notably predicted the rise of social media, thinks do-it-yourself “complimentary currency” is the future of money, Portfolio reports. Complimentary currencies... Read full story »

COMMENTS

Read the comment policy

You need to Log in to Newser to comment. Don't have an account yet? Sign up now!

4 comments

A snapshot of the day's best news stories.

View Larger Grid

All Today Yesterday Pick a Date

What's Popular Now on Facebook

'Serpent Pastor' Dies of Snake Bite

Miami Face-Eater Identified

Portfolio (Source Grid »)

Opposing view: The gold standard is coming back
Portfolio

Call for global currency grow louder
Star (Malaysia)

Money

currency • currency exchange • Craigslist • futurists • complimentary currencies

More Newser Stories

Japan, China Cut Currency Deal, Shun Dollar

Leaders also discuss North Korea

(NEWSER) - Japanese Prime Minister Yoshihiko Noda met with Chinese President Hu Jintao in Beijing today, and emerged with a number of deals—including one that will marginalize the US dollar in Asia. The countries agreed to promote direct yuan-yen trades, the Wall Street Journal reports; until now, the money has usually been converted to dollars first. Japan will also hold yuan in its typically dollar-dominated foreign-exchange reserves. More»

Dollar Nears 3-Year Low

Set for biggest weekly plunge since January

(NEWSER) - The dollar’s value today remained near its lowest in three years against multiple currencies, and it’s set for its largest weekly drop since January, Reuters reports. The figures follow the Federal Reserve’s suggestion that it had no immediate plans to tighten its monetary policy, prompting a big sell-off of the dollar. With the dollar index down 0.1%, the euro held close to a 17-month high reached yesterday; it’s poised to break $1.50. The Australian dollar, meanwhile, is near its highest value in 29 years against the US dollar. More»

G20 Nations Brush Off Goals by Geithner

He's proposing better guidelines on currency rates, deficits

(NEWSER) - G20 officials aren’t likely to accept US proposals to better monitor exchange rates along with trade deficits and surpluses, an insider tells Reuters . Timothy Geithner had hoped to set numerical targets for surpluses and deficits as well as "norms" on currency rate policy. "Right now, there is no established sense of what's fair,” he told the Wall Street Journal . More»

Japan Jumps Into Currency Market to Weaken Yen

Investors cheer, but analysts worry

(NEWSER) - Japan has taken the extraordinary step of intervening in the currency market in an effort to drag down the soaring yen. Japanese monetary authorities bought dollars and sold trillions of yen, driving the yen down from 84.5 yen to the dollar to 82, the New York Times reports. Their goal: to protect Japanese exports, which have taken a beating this year as the yen hit a 15-year-high against the dollar. Japanese investors cheered, sending the Nikkei up 2.3%, according to Bloomberg . More»

Dollar Headed for Biggest Gains Since '81: Bankers

Greenback set for 17.1% gain against euro

(NEWSER) - The dollar is poised for its biggest advances in 28 years, according to Deutsche Bank, which predicts a 17.1% gain against the euro by the end of the year. Other banks polled by Bloomberg are similarly bullish about the greenback, which has just endured its worst quarter since 2002. Currently trading at $1.40 per euro, it should strengthen to $1.20 by year's end, according to Deutsche. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

Forget Dollars, Make Your Own Currency

'Complimentary' monetary systems next big thing, futurist says

currency • currency exchange • Craigslist • futurists • complimentary currencies

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Japan, China Cut Currency Deal, Shun Dollar

Leaders also discuss North Korea

Dollar Nears 3-Year Low

Set for biggest weekly plunge since January

G20 Nations Brush Off Goals by Geithner

He's proposing better guidelines on currency rates, deficits

Japan Jumps Into Currency Market to Weaken Yen

Investors cheer, but analysts worry

Dollar Headed for Biggest Gains Since '81: Bankers

Greenback set for 17.1% gain against euro

About Us

Site

Community

Site Maps

Tools

More News

What is Newser?