Local Currencies - Replacing Scarcity with Trust
Uploaded by: peakmoment
Video Description:
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. www.fourthcornerexchange.com
Tags for this video: alternative Corner currency Exchange Fourth LETS local system trading
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| Comments for this video on YouTube |
| Bravo to Francis ... ( 1 year ago by zyby) |
| Bravo to Francis Ayley. As for the presentation it has good quality camera work and sound but get a new presenter who can ask intelligent questions (Sorry Jania ). And change the dated electronic incidental music. |
| I've watched ... ( 1 year ago by econdemocracy) |
| I've watched several of her other interviews, Janaia is very well informed and articulate. The only reason this one isn't as good as some of the others is the fellow is HARD to interview. Speaks in very short sentences. Makes claim and closes his mouth. That kind of. Thing. He's a bit too slick/forprofit too. Interviewing him is a tough job. |
| The most famous US ... ( 1 year ago by econdemocracy) |
| The most famous US local currency is probably Ithaca Hours. The founder, Paul Glover, along with the hosts of this website, have more ambitious project ideas: a community alternative to Wall Street itself, economicdemocracy dot org /alternatives-to-wallst.html |
| Interesting. ... ( 1 year ago by scott715) |
| Interesting. History has shown that gold and silver emerge as the money commodities when government fiat (decree) is out of the picture. But there's no reason that these alternative money systems shouldn't be able to compete with hard money (gold and silver) and fiat money (dollar/euro/yen/etc. debt paper). Google "What Has Government Done To Our Money?" and read the book online or download the mp3s for free. |
| excellent interview ... ( 1 year ago by nathan49nathan) |
| excellent interview. local currency is an extraordinarily powerful tool. I hope there are more interviews on new paradigms that also have practical tools to implement them. |
| Although I haven't ... ( 1 year ago by peakmoment) |
| Although I haven't yet read the book, I've heard that Riane Eisler's new book "The Real Wealth of Nations" presents a new paradigm based on a CARING economics, and suggests policy that could move us in that direction. |
| For several years I ... ( 6 months ago by whatpeoplewantonline) |
| For several years I worked for a local Barter company in Florida. This is not a perfect system. You do not get the same level of service or quality or priority from merchants when they know that you are not a "regular" cash customer and instead are a barter customer. Cash is King!!! |
| I worked for a ... ( 6 months ago by whatpeoplewantonline) |
| I worked for a barter company in Florida and the truth is that merchants do not give the same priority, level of service or quality products to barter currency customers. In fact many regard barter transactions with disdain. Cash is King!!!! |
| I worked for a ... ( 6 months ago by whatpeoplewantonline) |
| I worked for a barter company here in Florida and the truth is that merchants do not give the same level of service, priority or quality goods to barter transactions. In fact they treat alternative clients with disdain behind the scenes. Cash is still KING!!!! |
| I'm all for it, but ... ( 6 months ago by MillionthUsername) |
| I'm all for it, but he said current banking is "free market". It is NOT! Good grief! If it was, who would use it? What he's doing is free market. He can't "close down" the international bankers, but they can close him down - because their system is based on force and fraud. Alternative systems are voluntary, hence free. Is it "legal"? Like he said, it depends on how successful it is. Local and state governments need to protect these efforts. A successful currency is revolutionary. |
| If people were ... ( 1 month ago by toastedpiano) |
| If people were trully smart enough about 'money' they would realise that they only need to record with a book keeping entry their economic activity they do with oher people, the government cannot tax on a book keeping entry, the absurdity of the income tax would then be revealed. It exists to control and restrict the creation of wealth. Governemnts usually then say that you have to find them the dollars equal to the value of the economic produce, and if you don't they will take what is yours. |
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