Promoting Local Currencies

What is local currency?

Why Local Currency

local Currency

local Currency

Why using a local currency?

During crises in the past century many initiatives have risen creating local currencies. Local or regional currencies keep the money flow in the region, what gives less unemployment and a stronger local economy. Mostly the value of the currency is tied to the national currency until that currency starts to have such behavior that it might be wiser to connect to Gold or Silver, or in some cases, foreign currencies.

In this period of time we have the debt crisis. There is no mathematical way we can calculate our way out of our debt. We have enslaved our children by creating debt on their heads from the day they are born, on their future… This was the promise of the kapitalistic consumer ideology, and all wanted to win. No one checked the rules that were set, who was going to be the great winners in this money game. Now again we are in the midst of rising unemployment, and in many countries people are rising up against the ‘too big to fail’ banks and their bail outs, paid on our heads in debt on the future of our children..

Ithaca Hours

Ithaca Hours

 

Local currencies don’t only keep the money in the local community, but their is another great aspect that local currency can offer. Money is an agreement. In the times we used gold and silver as a currency, people would lend it at interest. Why deal with the risk of losing it, if there wasn’t anything to gain by it? Nowadays we have paper currency, or fiat money. It isn’t backed up anymore by rare minerals like silver or gold. It as an agreement, worth nothing but the paper and ink. Not talking about the digital money that has no cost on it’s existence at all, or the money created by fractional reserve banking. To charge interest on money created out of thin air, is from our point of view, the biggest scam ever played.

Berkshares

Berkshares

 

Local currencies do create money out of thin air, but there will be no interest charged. Money is not a merchandise. It is a means for economies to function. It is a servant, not the ruler of the world like we know it now… It is not for borrowing to buy yourself a new Iphone, but for businesses it is a wonderful way of investing in your enterprise.

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