Aljazeera’s The Stream on alternative currencies

Aljazeera’s The Stream reports on how people declare economic independence by establishing alternative currencies.

“People and businesses are establishing micro-currencies in the wake of the global financial crisis in order to take matters into their own hands. These small alternative forms of money are used as a way to promote local commerce and challenge the current economic system.

Critics, however, claim they are merely a gimmick. Others say it is a way to keep money within a local economic area while forming resilience against the volatility of the global system.

In this episode of The Stream we speak with Eric Garland (@EricGarland), Heloisa Primavera (@jelenabartermad) a sociologist in Buenos Aires, Argentina and Peter North, a senior lecturer at the University of Liverpool.”

Watch episode (YouTube)

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  1. how people declare economic independence by establishing alternative currencies.
    Jct: Darned right they do. Even a person-to-person currency works fine. The Most Revolutionary Act liberates us from using their enslaving mort-gage death-gamble money. In 1999 I paid for 39/40 nights in Europe with a IOU for a night back in Canada worth 5 Hours registered at my own P2P timebank Facebook page listing my Offers, Wants, Hours given, Hours received. Find UNILETS UNISET to see how I set mine and how you can set up yours. When the 99% run our own underground timebank, their gold won’t do the 1% much good and they’ll have to get a job too.