| As humanity increasingly loses faith in debt-backed fiat currencies run by opaque central banks and corrupt governments, the city of Barcelona, Spain, is the latest to announce plans to try something new — a local currency. The goal of the proposed alternative monetary system, according to local officials, is to stimulate business in the city and surrounding areas, especially local small and medium businesses still reeling from the economic crisis that ravaged the nation in recent years.
With over three million people in Barcelona, it could become the largest experiment of its kind, according to analysts. But not everybody is convinced, with some commentators suspecting ulterior motives...............................................Full Article: Source
|