Get mailed with new posts
Adventures in mutual credit
I only attended for one day, but this is what i learned about currency initiatives within Transition Towns.
I can't find the answer to this question.
I understand that the Bank of England is wholly owned by the government.
I understand that the National Debt is owed in large part to the Bank of England Does that mean that the National Debt is owed by the government to the government? Is there a paradox here?
This report briefly covers the field of non-commercial mutual credit software, discussing the issues and challenges they collectively face in meeting the needs of the movement. The author's purpose is to draw out some themes of collective concern to a few small, under-resourced, and disparate projects which are working along very similar lines, and to encourage discussion. The intention is not to make direct comparisons but to take a higher view, with concrete examples.
Disclaimer: The author is the developer of the Drupal module and Co-founder of Community Forge
Community Forge hosts community web sites including a complementary currency payment system.
We're making a leap of faith.
I read Thomas Greco's 'The end of money and the future of civilization'. He talked about mutual guarantor groups, which are common in microcredit loans. This idea had natural appeal because it's more about trust in people than arbitrary formulae, and it has predecessors in many cultures and works very well.
Auroville in South India (population: 2000 ish), is a conscious experiment in building a model city of the future, in accordance with the ideals of the esteemed Sri Aurobindo and the Mother. Work is going on here with energy, permaculture, transport, education, therapies, water treatment, art, development, (typically in the surrounding villages), spirituality and of course currencies.
Just for reference, here is the hopelessly bloated list of what I think needs to be done, as soon as possible in order to create change from below in the global financial system.
Response to Worcester Alliance's proposal for a Worcester Pound (document no longer online).
Some folks in Worcester are planning to introduce a local pound. I would like to offer an opinion during this design phase.
I would like you to consider a different local currency mechanism to the ones being used in Totnes, Lewis, Brixton, and Sussex.