Communities print their own currency to keep cash flowing By Marisol Bello, USA TODAY A small but growing number of cash-strapped communities are printing their own money. Borrowing from a Depression-era idea, they are aiming to help consumers make ends meet and support struggling local businesses. The systems generally work like this: Businesses and individuals form a network to print currency. Alternative currency An alternative currency (or private currency) is any currency used as an alternative to the dominant national or multinational currency systems (usually referred to as national or fiat money). They are created by an individual, corporation, or organization, they can be created by national, state, or local governments, or they can arise naturally as people begin to use a certain commodity as a currency. Mutual credit is a form of alternative currency, and thus any form of lending that does not go through the banking system can be considered a form of alternative currency.
GiftPunk: A Twitter Tool for Giftcasting Recently I’ve been thinking about communities, and how to build them. Communities are in some sense defined by the flow of gifts, rather than market-based transactions. Perhaps the kinds of behaviour encouraged by the market is one of the reasons communities have been in decline in recent history. As one person put it to me recently, “community building is a truly 21st century problem.” Resources for Community Currency Activists Direct link to the book... The War on Freedom This book, on many levels, is a miracle, not unlike the mysterious process of Birth, and revives our collective aspirations for Hope, Peace, Justice, Joy and Life to prevail against those in power who scream for War. Piercing the smoke and mirrors of propaganda, misinformation, the largest psychological “Special Operation” ever pulled on humanity, the book calmly, carefully, meticulously examines the facts, the evidence of the crime of the century, and documents the clear need for a real, open, public inquiry of 9-11. Much of the C.I.A.’s budget is devoted to controlling the public mind, for there is no greater threat, today, to the powers that be, than an informed American public. Enormous resources have been squandered to distract, mislead, deflect, frighten attention from a deep understanding of the events of September 11th, what actually happened, why it happened, who has benefited, and who is paying the price.
The future of work vision by Podio « The art of life and work There’s ample debate today around the need for a change in the way we work and how the future of work will look like. The reasons for this topic to be increasingly talked of usually come to reasons such as: the tools we currently use fail to really help us get work done in a context of increasing uncertainty, change & need for greater collaboration, both inside and outside company boundariesthe disengagement and energy drain of employees is affecting all sorts of organizationsa younger generation is entering the workforce with different expectations regarding the workplace I’m very passionate about the theme of the future of work maybe because I feel reason #1 often and because I’ve seen reason #2 happen a lot. #PunkMoney: How to Print Money on Twitter NB: For a more up to date post on #PunkMoney, go here. In the Middle Ages, producers created their own money as a promise to deliver goods and services in the future, and spent it with people who trusted them. The promisee, who became the bearer of a new credit note, could transfer it to a third party as payment, by signing it on the back. If a note ever came back to the issuer, it would be redeemed for whatever it was a promise for. Personal currencies were effective forms of trust-based local money when bullion was in short supply. Today, as we face another shortage of sovereign money, why not revive the old practice with new technology?
How to make a difference - Culture change - 10 steps to creating your own local currency In March 2007 Transition Town Totnes launched the UK's first Transition Currency - a complimentary currency, backed by Sterling, that strengthens the local economy. Since then three other Transition Towns have followed. The value of these projects is that they raise the profile of local businesses and start community-wide conversations around issues like the fragility of the international banking system, climate change and peak oil. Lambeth council estimates that the positive media coverage generated by the Brixton Pound is worth around £100,000. Metacurrency Collabathon: a wealth system After Sibos, Q4 is usually the period of the year when I try to re-boot, to refresh my sources, to be a sponge and take-in new knowledge. It’s when I start painting for the next year. When the themes and trends for next year start emerging.
What’s your X? Amplifying technology moonshots Last week, we ran an experiment. We hosted a gathering, called “Solve for X,” for experienced entrepreneurs, innovators and scientists from around the world. The event focused on proposing and discussing technological solutions to some of the world’s greatest problems. What should Peer-to-Peer Money be? Thinking about debt outside the twin intellectual straitjackets of state and market opens up exciting possibilities. For instance, we can ask: in a society in which that foundation of violence had finally been yanked away, what exactly would free men and women owe each other? What sort of promises and commitments should they make to each other? This post is more about principles than detail; though I intend to follow up with more information about Pebble, a project I am collaborating on to create money around trust, soon.
Local Currency Systems Growing Local Monetary Reform — Do It Yourself! If you are concerned about monetary monopoly, you will find this list both useful and encouraging. Homegrown currency systems are flourishing. Local currency See Emissions Reduction Currency System for community based initiatives aimed at emission reduction In economics, a local currency, in its common usage, is a currency not backed by a national government (and not necessarily legal tender), and intended to trade only in a small area. As a tool of fiscal localism, local moneys can raise awareness of the state of the local economy, especially among those who may be unfamiliar or uncomfortable with traditional bartering. They encompass a wide range of forms, both physically and financially, and often are associated with a particular economic discourse.