Community Currency Slide Show
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Transcript of Community Currency Slide Show
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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