Local Currencies - Replacing Scarcity with Trust

Francis Ayley established over a dozen local currencies in the UK before moving to the U.S. He contrasts our standard, scarcity- and debt-based money system with local currencies in which "there's always as much as you need." Local currencies like his Fourth Corner Exchange issue money when members trade goods and services. Communities with local currencies will be less affected when recession or depression hits the mainstream economy. Episode 49: [www.fourthcornerexchange.com]

Comments

1. Google " Particle Notes Currency "
2. Take CCs one step further: https://www.facebook.com/theqse/posts/10153755755320817
3. I tried to find the article referred to in the video, but I did not manage to find it does anyone can provide me with the link?
4. So, in post-1929-crisis Germany, when Hitler said jews* had to be vanished from there, he was basically right? (trying to sum up a painfully long question in a few words)
   *NOTE: The word "jews" here is about the ones who are in control of most banks in the world and behind some of the most disruptive actions to keep people from pursuing freedom. Not about jew as a race.
5. As founder of Ithaca HOURS local currency, I've written the book "Hometown Money," to explain how to start and manage community cash. Hometown Money: How to Create Community Currency
6. This is fascinating.  This man presents a point of view that I have come to believe on my own.  I hope more people wake up to this perspective.  
7. watch “fake speech corrects mankind's course” A "better" lip read, the Independence Day inheritance cap introduction. Emergency executive order is enacted to employ all, and eliminate national debt. Is this "balancing act" the systematic redirecting mankind's momentum so desperately needs? /watch?v=OWX8LNN66uA
8. Another issue that I brought up was how do you pass on your LDs, if you die. And they do not have a concrete system for that as well. This guy was tap dancing around this. I would not touch this currency at all costs. Apparently someone in the system was trying to redeem all of his LDs for $5/unit. So much for keeping its value. Stay away from this Ponzi scheme!
9. He claims that each LD maintains its value, it went from 10 USD to 12 USD. It looks like he made up that value himself. I had raised the question about how many LD units are in circulation. And he seemed to come up with a very BS figure of 1.4 million. I said in disbelief, there are over 14 million USD in valuation of this currency. And he and his ugly wife tried to retract and say..oh no it depends on how you calculate it. She was a total bitch BTW, when I brought up BitCoin. Cont.
10. You're absolutely right. I live in B'ham (HQ) and went to a couple of meetings (including today) and this monetary system is extremely flawed. First of all, he is the central manger of all this exchange. He claims that there is transparency, but even by looking at the website, it really is not. Another thing is that all members have to pay a yearly membership fee in 25 USD. You can't use your LDs to pay this. It is kind of ironic b/c if it had value/demand, you'd think they would. Cont.
11. First of all there is nothing wrong with currency competition, and nothing wrong with "For Profit" banking either. The Federal Reserve Bank maintains it's monopoly over the money supply through force and government intervention. That is NOT the free market. He is completely misguided when it comes to that discussion. Free Markets is exactly what he is doing. Free Markets force banks, and corporations to produce products people want, demand, or they fail and disappear. Free Markets are KEY!
12. lol, what century are you from? People travel, accents change. He could even have a parent from another country and still be from the UK. I think his accent is actually very British.
13. its not free market if the government gives it monopoly power.
14. Have you considered that, perhaps, he didn't want to go into all the irrelevant details about where he grew up as opposed to where he was born and/or where he lives now and/or what nationality either of his parents had, etc.? Assuming malintent or dishonesty tells a lot more about you then about him.
15. My book "Hometown Money" explains how we did it in Ithaca, New York. See video "Labor: the New Gold Standard."
16. @philoplatt I meant to say that when you "sell" something for money, you don't think of yourself as a lender because you can transfer the debt easily.
17. we can change the whole US to this system if we just understand that a dollar is an IOU. the owers name is not on the dollar - it's at the bank on a balance sheet. the bank gives you a bunch of IOU's and charges you interest for borrowing from someone else! you don't think of it as a loan because you can transfer the debt conveniently
18. @rationalityRules, Francis has been in the US a long time, so his accent may have gotten ....blurred. He described to us a number of local currencies he helped set up, I believe along the western side of the UK. Does where he come from alter his message?
19. If that would happen it would actually be step forward and i am for it. But much better way would be Resource based economy. Thumbs up for progress whatever would happen !!
20. Dollar bills are the bars that hold you captive in the debtor prison