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Alternative Currencies Explained: Summit County Mountain Hours with Wayne Walton & Joby Weeks

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reedr3v's picture

Fantastic video, IMPORTANT concept

and plan for communities to disempower the Fed.

Turmel: Why has Ron Paul never promoted community currency?

Jct: With so many of Ron Paul's supporters as alternative currency supporters, how can our friendly dinosaur still be pushing yellow rock? Doesn't he get it?

For Those Intetested :

http://www.depressionscrip.com/

Lots of info. Don't let Depression scare you off.

Community Currency can be KEY to keeping the Wolf from the door when central systems fall apart. In the USA, some 300 or more local Scrip issues circulated.

Currently,"Ithica Hours" are a best example of Community Currency.

http://www.ithacahours.org/

The Wörgl Experiment: Austria (1932-1933) is a sterling example from history.

The city had 500 jobless people and another 1,000 in the greater community area. 200 families were absolutely penniless.

The city had 40,000 Austrian schillings in the bank. This money was placed with a local savings bank as guarantee for issuing Wörgl’s own 40,000 schilling’s worth of local stamp scrip. It was paid out for community works and returned to pay local taxes. Along the way it was used for individual transactions.

The Scrip had a built in monthly 1% face denomination depreciation, so it circulated quickly throughout the community, providing work and "CASH flow" along the way.

Six nearby villages copied the system.

SEARCH The Wörgl Experiment for insight.

The Constitution is a Trust : http://www.The-Legacy.Info