Maria Villacreses, a member of the Allentown, pennsylvania, Community Exchange Bank, gets married.  Villacreses, uses her work and membership in CEB to store up “Time-Dollars” that she was able to use to pay for her wedding day makeover, and reception, which included a seven-layer cake.  Had Villacreses attempted to pay for her wedding with Federal Reserve Notes (Bills of Credit), she would have been deeply in debt for years.

       [added 3/20/2022] Thanks to Freedom’s Phoenix for this entry.

Subsequent Events:

8/13/2010                   11/28/2012

Authority:

References:

‘Banks’ Allow Members to Pay With Time, Not Cash – ABC News
abcnews.go.com/US/wirestory?id=10813039&page=1

Current U.s. National Debt:

$36,167,124,467,492

Source