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Money

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Money is the central focus of a capitalist society and it's extremely difficult to get away from that focus. Some try to work with money in ways that benefit a community rather than just individuals. Networks supporting locally-owned businesses are one way; "community currencies" are another.

Others have no faith in national "fiat" currency since it can be printed by the government in quantities with no apparent limitations, and has no real backing in reality. It is "faith-based".

For other related information, see our Barter and Work pages.


dollar index

Chart courtesy of Kitco - www.kitco.com

Local Currency

Local Currency, also called Community Currency, is paper currency printed and distributed locally, of value only within a community. This currency remains in the community instead of being removed by distant owners. It circulates from person to person, business to business, benefiting the entire community as it does.

Local currency can also empower citizens who may not normally be involved in the economic life of their community. And it's popular when no one trusts the national currency.

Local currency, which invoves use of locally-printed money, is often confused with barter, which involves only goods and services and no currency. We recommend you also see our Barter page.

How local currency can help solve the problems of unemployment, the environment, and community breakdown. The philosophy, history and potential for the 21st century.

Extensive information and resources on complementary community currency systems and local exchange networks

Linking people, land, and community by building local economies. Named after the author of Small Is Beautiful: Economics As If People Mattered

On community currency and other systems

Local currency in Ithaca, New York

Detailed information on the Ithaca community currency

Locally issued paper money from a well established community currency project in Ithaca, New York

Hometown money book and samples of money

A trading network supported by its own internal currency. It is self-regulating and allows its users to manage and issue their own "money supply" within the boundaries of the network.

But actually about LETS

From Transaction.net ncluding links to communities using the system

Community barter [currency] system in Thai village

A time-based currency where one hour helping another earns one Time Dollar

From Global Ideas Bank

Local Economy

Many people are recognizing that locally-owned businesses are much more beneficial to a community than businesses owned by outsiders or chains with little or no connection to the citizens and well-being of the community. Around the U.S. and in other countries, local citizens and businesses are supporting each other to the benefit of all.

Helps communities and locally-owned businesses mutually support each other

Study done in the Andersonville neighborhood of Chicago. It found:

Local merchants generate substantially greater economic impact than chain retailers.

Development of urban sites with directly competitive chain merchants will reduce the overall vigor of the local economy.

Modest changes in consumer spending habits can generate substantial local economic impact.

For every $100 in consumer spending with a local firm, $68 remains in the Chicago economy vs. $43 for spending at a chain store.

For every square foot occupied by a local firm, local economic impact is $179 vs. $105 for a chain store

Benefits to communities and citizens in patronizing local businesses

Building long-term economic empowerment and prosperity in communities through local business ownership, economic justice, cultural diversity and a healthy natural environment.

Often local business prices are lower than chain stores, and the money you spend there stays in the community.

Financial benefits to the community of locally-owned businesses

Reviving Locally-Owned Business - From the New Rules Project


Gold and Silver

Historically during hard times gold and silver have always become extremely valuable. Why should it be any different this time?

[Most Recent Quotes from www.kitco.com] [Most Recent Quotes from www.kitco.com]

100% backed by gold and silver. Based on Islamic dinar. Internet payments.

100% backed by gold. Also e-silver, e-platinum and e-palladium. Internet payments.

Online transactions in gold. Used for savings as well.

From Wired magazine

Precious metals. Up-to-the-minute price charts.

Information about 1933 gold confiscation in the U.S. and reportable gold sales

Article on gold and silver bullion coins for survival purposes

From GoldEagle.com

Organization formed and funded by the world's leading gold mining companies to promote the demand for, and holding of, gold by consumers, investors, industry, and the official sector. Why, how and where to invest in gold.