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.
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.
The new currency has a one to one parity with the US dollar, although when an individual buys into the scheme they receive 125 Ithaca dollars for their first $100 deposit. This equates to i$100 to spend in the community and i$25, which they can donate to a cause of their choosing “as a thank you for sacrificing the liquidity that you had with those US dollars,” explains Morris.