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Page added on July 24, 2015

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Local Currency — Money for Us, Not the Bankers

“Back in the 1930s on the Olympic peninsula, people were paying their taxes in alternative money…The banks shut them down. This is an example of the monopoly the banks have, and the level of control they have over peoples’ economic lives… People need to know [local currency] is a possibility, an option, a realistic tactical and powerful way to take back your economic power from the bankers.” Fourth Corner Exchange co-founder Francis Ayley says the current debt-based global money system is an unsustainable Ponzi-scheme that will crash. By contrast, local currencies are unlimited, based on whatever members want to exchange. He and director Lia Ayley share the nuts and bolts for new members starting to exchange, how values are set, and exchanges involving both Life Dollars and US dollars. The biggest challenge, they say, is changing our mindset from the scarcity built into the existing monetary system to one based on relationships, cooperation and plenty. Episode 292. [fourthcornerexchange.org]

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9 Comments on "Local Currency — Money for Us, Not the Bankers"

  1. ghung on Fri, 24th Jul 2015 8:06 am 

    18 U.S.C. § 486:

    Whoever, except as authorized by law, makes or utters or passes, or attempts to utter or pass, any coins of gold or silver or other metal, or alloys of metals, intended for use as current money, whether in the resemblance of coins of the United States or of foreign countries, or of original design, shall be fined under this title or imprisoned not more than five years, or both.

    Whoops.

    https://en.wikipedia.org/wiki/Liberty_Dollar

  2. penury on Fri, 24th Jul 2015 9:07 am 

    Really? How do they come up with such dreck?

  3. idontknowmyself on Fri, 24th Jul 2015 9:54 am 

    This is What M King Hubbert said.

    I was in New York in the 30’s. I had a box seat at the depression. I can assure you it was a very educational experience. We shut the country down because of monetary reasons. We had manpower and abundant raw materials. Yet we shut the country down. We’re doing the same kind of thing now but with a different material outlook.

    We are on our way to shut down the global supply chain because we are not intelligent enough as a specie to change the financial rule and give money to people in order to keep a minimum load on the supply chain.

    In 1929, the depression mainly affected USA, now it has the potential to bring down the supply chain of the whole word.

    A bit like a light dimmer has minimum and maximum load, there is probably a minimum load need to keep the supply chain alive.

    The best will be to give some money to people to keep the supply chain alive and start to shutdown globalization.

    After witnessing the incompetence of Greek negotiation, I have few hopes that the human specie will do anything other then continuing BAU.

    I don’t know what the future will be, but it will be wise as this point to stock up on life necessite, like soap, food, ..

  4. dave thompson on Fri, 24th Jul 2015 10:18 am 

    Local currency happy talk. As if the corporate industrial military banking media complex will roll over and let that happen. Lets see if Planty shows up now that I have commented.

  5. ghung on Fri, 24th Jul 2015 10:29 am 

    Yeah,idontknow, the way I see it, most systems have a minimum operating level (MOL, like an oil pipeline) before they experience an inflection point and fall to a different level entirely. In complex systems it’s hard to predict which subsystem(s) will cause a cascade effect when all parts of the overall system are under stress, which is my assessment; all of our systems are under stress on some level. Camel backs, straws, all that.

    Timing these things is the real bitch. General outcomes? Not so much. The Four Horsemen ride in any time they feel like it.

  6. Davy on Fri, 24th Jul 2015 11:38 am 

    When the descent gathers steam dysfunction, economic abandonment, and irrational policies will increasingly be the norm. This means the old laws may stay in place even though they have no place in a new reality. I personally think depending on the descent trajectory many laws and customs will be on the books but people will ignore them. The authorities will be prioritizing law enforcement. If a community decides to use a local currency I doubt that will be on their radar screen. Yet, until we have a descent event IOW economic crisis I think it is wise to follow the laws and pay your taxes.

  7. idontknowmyself on Fri, 24th Jul 2015 12:13 pm 

    Some news from oil sand companies:

    Encana cut 200 jobs this month, reports $1.6B loss in latest quarter

    http://calgaryherald.com/business/energy/encana-builds-58-million-fund-for-severance-transition-costs

    Canadian and Australia dollars are now down. Canadian dollars is crashing and making import much more expensive.

  8. Jimmy on Sat, 25th Jul 2015 12:56 am 

    Trade and Barter will come back but these local currency ideas are a joke.

  9. Makati1 on Sat, 25th Jul 2015 3:33 am 

    I’ll trade you a piglet and 2 young chickens for that pair of leather boots… Done! Who needs money?

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