LOCAL COMPLEMENTARY "ORGANIC" CURRENCIES Whom ever issues the money is the Sovereign. However, money that results from debt is unsustainable. Recent events in the EU have taught many a hard lesson: that the Euros or Dollars or Yen or Pesos in your bank account are only as secure as the bank that is holding them. In fact, the lesson is deeper than that. That the money in your bank account is not cash at all, not pieces of paper sitting in a bank vault waiting for you to withdraw them, but mere digital ones and zeros in the bank's database, capable of being subtracted from your account at a moment's notice, or even less. Cash that is not in your hand, it turns out, is not cash at all. As opposed to this system of financial control by a few bankers, heading as it is toward a seemingly inevitable financial collapse that threatens to crash the entire world economy, there are many alternate ideas for facilitating transactions. Some believe the answer lies in more technological solutions, pointing to the recent success of the online crypto-currency Bitcoin as an example of a different way to think about money. There exists right now examples of alternative currencies that are currently existing alongside the Federal Reserve notes and Euros and other bankster-manipulated debt-based fiat money systems that are already helping facilitate transactions and grow local economies all around the globe. These alternative systems do not require a resolution to be passed in congress or parliament, and do not require any wholesale change in the international financial order. These currencies already exist and are already thriving in numerous localities around the globe. Complementary currencies provide a way for communities to bypass the inflation tax and arbitrary confiscation that defines the modern era of central-bank administered currency. Just as the fiat money printed up by these central banks (or issued as debt in the form of back loans) are backed up by the collateral of the people's promise to pay later through the sweat of their own labor, so too can these complementary currencies be issued through the people's own labor. The difference being that in this system, the money is not controlled by banksters in closed door meetings in far away offices, but by the people themselves, in their own back yards. Now, similar ideas are springing up all across America and around the globe. From mutual credit systems to time banking to private currencies and social currencies, there are no shortage of ideas for how to transition off of the current system in a gradual manner while increasing and facilitating local trade. Whether buying bread, filling a pharmacy prescription, getting a haircut or going to the doctor, some residents of Montreuil, France, are rejecting the euro in favor of 'La Peche', a local community currency. In France, local currencies are growing in popularity as trust in state institutions erodes. An elaborate coupon system lets locals pay for services and goods with special local banknotes, which are recycled and kept within the community. France, Europe's second largest economy, has at least 20 different types of complementary currencies. Worldwide there are over 4,000 community-centered money schemes. The problem with the Euro is that it's not just a mode of exchange, but it also became a mode of speculation to feed banks. While local currencies support local projects on the ground, which means it works for us, the people. Banks play enough with money but at the end of the day ordinary people have to pay for mistakes and losses. This is why people want to have a currency they will be sure will serve them and not disappear in a fiscal paradise, global finance systems, or banks. The intentional 'currency wars', at first criticized were later deemed acceptable by G20 nations as a way to guide their economies back on track. COMPLIMENTARY CURRENCY LINKS: * http://mtnhours.com * http://ithacahours.org * http://timebanks.org/about * http://berkshares.org * http://qoin.org * http://C-C.info * http://monneta.org/index.php?lang=EN * http://ComplementaryCurrency.org KEYWORDS: Local Currency, Complementary Currency, Organic Money, Alternative Currencies, Mountain Hours, Ithica Hours, Time Dollars, Clearwater Tampa, TimeBanks, TimeBanking, Edgar Cahn, TradeQoin, Usury-FREE Currency, Wayne Walton, Paul Glover
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Duration: 19m 43s
Rating: 6