Local Currencies - Replacing Scarcity with Trust

[BR_Parkway]

Run time: 27:38 https://www.youtube.com/watch?v=Aflp7jC1Yuw   Posted on YouTube: February 09, 2007 By YouTube Member: Views on YouTube: 0   Posted on DU: November 16, 2009 By DU Member: BR_Parkway Views on DU: 202

 
The best discussion of not just how towns are doing their own currencies - but the underlying concepts highlighting the differences between them versus our national economy

Peak Moment 49: 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. http://www.fourthcornerexchange.com