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Replace Tobacco as a currency with Marijuana. It's to late in...

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hagetaka

5,856 Posts.

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28/09/16

22:45

Post #: 19491824
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Originally posted by 11up ↑

Let us get back to banks , which implies trust in trade and currency.

Tobacco was and still is a currency and is taxed to the hilt.

If the Government can tax a " commodity " it has some " worth " to the people /traders.
Governments rely on ATM amongst others " ratings agencies " whom are crucial in the recent GFC
debacle.
Am almost certain the ratings agencies would give a triple aaa rating to most tobacco houses.
So the " banks " are most likely to " invest " in tobacco?!

So trust in tobacco at least it is a usable commodity. Unlike fiat " money ".

Cheers View attachment 270854

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Replace Tobacco as a currency with Marijuana. It's to late in the day for me to look up and post about it, however, I'm sure google has lots of references to marijuana as a currency in the lead up to prohibition.
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