Jerry Day’s Federal Reserve challenge:
If “End the Fed” is to be anything more than a mantra, then we must have a plan in place for how to actually end the fed and what we do after it’s gone.
Consider Alternative money, local community currency, and a Local Exchange Trading System (LETS).
Be prepared for the next financial crisis.
The community currency system under investigation is the Token Exchange System (TES), a component of the larger Local Economic Direct Democracy Association (LEDDA) framework under development by the Principled Societies Project.
At first, makerspaces – also known as hackerspaces, techshops, tech centers, and many other names – seemed to be perfect storms of local talent converging and organizing into something impressively novel and innovative.
As strange as this may sound, a “promise to pay” made by a bank to you is termed money because these promises serve in effect as money. In other words, our global monetary system is made up of things like IOU’s, bonds and guarantees, but there is no actual money.
… open an account with one of the many decentralised peer-to-peer alternative currency exchanges that will become available. These won’t be connected to any bank which means that you can transact anywhere in the world without using dollars, euros or yen. Instead, you will trade with alternative currencies. Naturally, there will be no bank charges, no transaction fees and certainly no interest.
We often view finance as a niche area characterised by numbers, complex graphs, and professionals wielding obscure techniques, but the sector is in fact underpinned by human relationships, power dynamics and philosophical concepts that we all intuitively understand. Realising this is a great step towards keeping the financial commons open.
local currencies are growing in popularity as trust in state institutions erodes
The “Walipini” is an underground greenhouse developed for South American mountain regions over twenty years ago. It was made to allow for edible plants to be grown year-round, no matter how severe the winter got. It’s cheap, simple, and could change everything.
The discussion (global system of value) goes beyond “MONEY” and “CURRENCIES” to ask you: What Is Value? I can tell you that I consider all life has value. Furthermore, I consider many have been robbed as they live in poverty…
Though I have and continue to share alternatives to fractional reserve banking, I recognize the difficulty some people have for considering money alternatives, the action to simply start discussing alternatives and doing, rather than waiting for the governments is helpful.…