The Phaserl


Legal Tender & 5 Things I learned from D.C.

by Rob Gray, Open Currency:

As some of you know, I had a rare opportunity to testify August 2nd 2012 before the House Financial Services Subcommittee on Domestic Monetary Policy regarding parallel currencies. For a full video of the hearing, click the image on the left. It all passed so fast, and the reality didn’t set in until I left the chamber.

My first thought upon walking out of the building was really anti-climatic: “I spent all this time over the past week for that?” And to think I could have focused my time and energy somewhere else. Nonetheless, testifying in front of the House Domestic Monetary Policy subcommittee was a learning experience. Unfortunately, I don’t think they’re going to invite me back anytime soon. So here’s what I got out of it:

1) It’s easier to get in to congress than it is on a plane – Maybe it’s part of the new regime’s open-door policy, or maybe it’s always been like this, but apparently it’s really easy to enter the lion’s den. Simply walk in the front door, stick you cell phone and keys in a bowl, and walk right on through the metal detector, complete with shoes, jacket, belt, pocket change, lighter, liquids, gels (you don’t even need a 1-quart bag!) and anything else you feel like bringing in. There are no guard dogs, no intimidating desk clerks, and you don’t need an I.D. or boarding pass (or any other doc that proves you should be there).

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