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Local Currency

Achieving Self-Funding Local Sovereignty As Food Systems Collapse

“Deglobalizing” and “dedollarizing” have been much in the news. Reducing dependence on the global supply chain and the U.S. dollar are trends that are happening not just internationally but locally. In the United States, we have seen movements both for local food independence and to divest from Wall Street banks. The burgeoning cryptocurrency movement is another push to “dedollarize” and escape the international bankers’ control grid. This article is a sequel to one discussing home gardens and community food co-ops as local counter-measures to an impending food crisis.

Italian Town Prints Own ‘Currency’ To Help Locals And Businesses

Castellino del Biferno is a small town in south Italy's Molise region with only 550 residents. Minting money is something town mayor Enrico Fratangelo has been studying for over twelve years. The Covid-19 pandemic gave him the opportunity to test his skills. "We decided to mint money to make sure the local economy could withstand the impact of the situation. However small this economy may be, there are three or four businesses still open, without considering bars or pubs," Fratangelo explained. "Ducati" Banknotes are distributed to the residents in accordance with their economic needs. They have already spent thousands of "Ducati" at their local shops. Every two weeks, the shops return the "Ducati" to the town council and get the corresponding amount in euros.

Bitcoin, Blockchain, And Local Currencies

The world is on fire lately with the exponential growth of Bitcoin and other electronic cryptocurrencies. While some see these as speculative bubbles that are tied to nothing, used on the dark web to ransom hacked computers, and profligate users of electricity, others see Bitcoin and its ilk as our liberation from nation states and their central banks. Both could be true. Perhaps more important is that the platform underpinning Bitcoin, called blockchain technology, and later advances such as Ethereum, have the potential to completely transform the way that the world operates. Many people see the rise in Bitcoin as the result of a growing distrust in governments, official/artificial fiat currencies, corporations, institutions, and other people.

The Attitude Of Solutions

By Paul Glover. The United States’ largest problems — job loss, wage cuts, foreclosures, crumbling bridges, medical costs, school taxes, pollution, crime, hunger, national debt and war — each have many solutions. Real solutions do not wait for government or corporations. They depend on each of us, starting where we live, with whoever is ready to begin. For 45 years, I’ve responded to news with solutions. When I hear bad news, my reflex is to imagine a solution, design it, then begin it. Guided by common sense alone, and without waiting for precise diploma, I’ve started 20 organizations and campaigns.They provide practical alternatives for food, fuel, housing, health care, urban design, education, transportation, sanitation, finance, and jobs. Millions of lively patriots are already enjoying building a new America.

European Nations Such As Sweden And Denmark Are ‘Eradicating Cash’

By Michael Snyder for The Economic Collapse - Did you know that 95 percent of all retail sales in Sweden are cashless? And did you know that the government of Denmark has a stated goal of “eradicating cash” by the year 2030? All over the world, we are seeing a relentless march toward a cashless society, and nowhere is this more true than in northern Europe. In Sweden, hundreds of bank branches no longer accept or dispense cash, and thousands of ATM machines have been permanently removed. At this point, bills and coins only account for just 2 percent of the Swedish economy, and many stores no longer take cash at all. The notion of a truly “cashless society” was once considered to be science fiction, but now we are being told that it is “inevitable”...

Local Currency, Berkshares, Gets International Attention

“They’re beautiful,” she coos as she shows off the colored bills, which are unlike any other. “You can take pride in spending them.” Maggio frowns on dollars, preferring something else, called a BerkShares. The currency is available only in the Berkshires region of western Massachusetts. The area, which long ago embraced the organic and shop-local movements, decided in 2006 to take it a step further by creating its own currency. Town leaders hoped it would encourage people to shop only in stores in Berkshire County. “When you have BerkShares in your pocket,” Maggio said, “you might not go to McDonald’s. You might choose to go to a locally owned restaurant.”
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