Usury-Free Currency Competes with Federal Reserve Notes

Streets of Love - unconventional

Next News Network YouTube Channel

https://www.youtube.com/user/NextNewsNetwork?feature=watch

Published on Dec 24, 2013

Wayne Walton is a leading proponent of local currencies. He is well-known as an expert on organic money. He has also spoken extensively on the subject.

Local currencies have become more popular as towns and cities try to keep local business thriving. Instead of relying on dollars printed by the Federal Reserve, locales around the country are trying to keep their economies local.
Such private monetary systems are sometimes called organic currencies. Supporters of private money say their currencies are created without debt. Critics say such plans can be dangerously unstable.

One of the towns adopting a local form of monetary exchange is the college town of Ithaca, New York. The home of Cornell University is also the location of Ithaca Hours. This currency has been highly successful. It is now accepted by over 900 local vendors. This program…

View original post 164 more words

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s