Community Currency Slide Show

8/14/2019 Community Currency Slide Show

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The Perfect Storm

Economic crisis Aging Boomers

Peak Oil

Climate Change


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Economic Crisis


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Foreclosed Futures

By the end of 2008, over 1,000,000

people lost their homes to foreclosure.


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Aging Boomers


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We are here

U.S. Peak1973

World Oil Production:Peak Oil


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World Oil Consumption


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Climate Change


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Sea Level Rise


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Eighty-seven countries have gone through a majorcurrency crisis in the last 25 years.


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Hyperinflation Devaluation ???

The dollars loss willmake local economic

problems worse.We can take mattersinto our own hands

by introducing localforms of exchange.


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We will see the return of private currenciesin the 21 st Century.

Alan Greenspan ~1997Ex-Chair, U.S. Federal Reserve


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Depression Era Scrip


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What is currency?

Currency is an agreement - like amarriage, a contract, a business deal to

use something as a medium of exchange.Currency Money

Money is legal tender the accepted

payment of taxes and debts


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Local CurrencyAllows communitiesto create wealththrough local value

exchange.Thousands of localcurrencies in use.

Adds stability andvalue to the localeconomy.


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Local Currencies = LocalWealth

Unemployed people work to be done

Underutilized service providers people who need services

Food people who are hungry

Supplies teachers and farmers

Housing homeless

Health preventative care

Complementary currencies bring together unmet needs withunused resources:


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Global Local Currency Growth

USA + Canada

UK

Benelux

Germany +Austria

Other Europe

0

500

1000

1500

2000

2500

3000

3500

4000

4500

8 4 8 5 8 6 8 7 8 8 8 9 9 0 9 1 9 2 9 3 9 4 9 5 9 6 9 7 9 8 9 9 2 0

0 0 2 0

0 1 2 0

0 2 2 0

0 3

Argentina

Elsewhere

Japan

Other Europe

Italy

Germany +

AustriaFrance

Benelux

UK

Australia

New Zealand

USA + Canada

Number of social purpose complementary currencies in adozen countries (1984-2003)

Source: Bernard Lietaer


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Social and CommercialPurpose Currencies

Social Purpose: poverty eradication,

elderly care, community service, GHG reductions.

Commercial Purpose: business loyalty commercial barter


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Time BanksOnion River Exchange


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Time Bank ExchangesHelp at Home

Wellness

Home Repair

Companionship

Education

Community Activities

Arts, Crafts, andMusic

Transportation

Recreation

Business Services


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Climate Change


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Carbon CurrencySome Examples

Carbon Currency Natural Savings Currency

Wellness Token

City,County, State

City,County, State

BusinessesBusinessesBusinessesBusinessesIndividualsIndividuals BusinessesBusinesses

Carbon Currency

PurchasesPurchases

R e d e m p t i o n

R e d e m p t i o n

CO2 CO2

CO2

O f f s e t T r a d i n g

Local Offset MarketsGlobal Carbon Markets

R e t i r

i n g

PurchasesPurchases

Slide courtesy of Bernard Lietaer


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Commercial BarterSystems

WIR: Swiss Commercial Barter Network 1973 2003Number of Participants 20,402 76,618Turnover - Swiss francs 196 million 2.521 billionBalance -Swiss francs 83 million 1.028 billion


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Local Exchange TradingSystem

Mutual CreditSystemBacked by goods

and servicesEarned byproviding goodsand services toother members of the network

Peterborough LETSExchange

Founded May 1994

Active Members 200Total Trading to Date $375,000

Trading in 99 - 00 $57,200

Individual Membership Fee From $15

to $35

Business Membership Fee From $35to $100


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Circular Flow of Trade


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Loyalty Currencies

Reward for buying local

Frequent Buyer miles

Allows communities tocreate wealth with thegoods and services that

are readily availablelocally.


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Local Fiat Currencies Fiat currencies are issued by a centralauthorityTheir value is based on issuers

guaranteeThey need to be managed to controlinflation


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Circular Flow of Exchange

Labor &CapitalMarkets

Firms Households

ProductMarkets

Government

BanksNeed completeloops to launcha local exchangesystem


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It is not the creation of wealth that is wrong,but the love of money for its own sake.

Margaret Thatcher

For more information:

www.global-community.orgwww.global-laser.org

www.earthcat.org

Community Currency Slide Show

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