Bank of Niihau

http://www.federalreserve.gov/

Originally Banks wrote certificates that represented physical currency, that were exchanged and used in its place.   These are called Bank Notes (US$D).  Now since Bank Notes are printed money - via a Printing Press - a country can print its own money without needing hard currency (metals or whatever).  A set amount is sometimes invented based on notes printed -- you print $100M in paper currency THEN you own $100M in currency for the Bank or in credit.  Today this can be open for abuse if it remains intangible as credits on a computer system (as with Bit coins).  Time Dollars work for the working class by exchanging goods (products) or services for units of Time/Labor, each may be equal to physical paper money for tax purposes.  Some foreign banks (in Grand Cayman islands) are sanctuaries for people to "hide their assets from the IRS."  This was the case in Swiss Banks a long time ago.  The "Bank of Niihau" is a future project for the Kingdom.  Island currency is only used on the island and outside influences are exchanged at the entrance port.  The Kingdom being not actually on the island itself, at present; the island is only used as a symbolic location.  Island currency is the Kahelelani - $1000 USD = 1 Kah.  This may be printed up as business cards on a Printing Press or other forms. 

M7 UEIR 2016.