Money & the Rise of the Alternative Currency

February 17, 2012 | By | 4 Replies More

Wiki Image

Giving Is All We Have

We’ve entered an exciting transformative period in which the role of money in our society is being reconsidered. Did you know for instance that all over the world alternative currencies are popping up? No? Well, buckle up then!

Money is essentially created to overcome the limitations of reciprocal trade by creating a quantitative ecosystem that makes exchange and value storage more flexible. But our current monetary system comes with some downfalls as well, which have become ever so apparent in our current time frame.

Some issues around money

Money promotes hoarding: For instance, €90 now is worth €100 in a years’ time at an interest rate of 11% (I know, I know, approximately ;-). So it promotes today’s hoarding of money instead of investing it in sustainable productive resources. Demurrage, which is instigating a negative interest rate is an instrument to promote the latter.

Money doesn’t bare true value: the true value in a transaction between you and a baker is the bread that’s baked. We tend to ascribe value to money, where in fact it doesn’t have any unless it is backed by an asset or commodity (which in fact often isn’t the case).

Money drives immoral decision making: Money is an abstract figure. Accumulate billions of them and our brains lose sight of the reality behind that figure. Take for instance the sub-prime mortgage crisis in 2008; our bankers cut up spreadsheet numbers into risk-assigned variables and resold them into packages to a party willing to take the higher risk-return rate. Not one of them considered the idea of the potential disastrous effects a moral appeal. After all, they’re just numbers, right?

Money alienates us from each other: money has a tendency to render every interaction into a transaction. On top of that, the system of interest redemption and payment drives people into competition for their share of the pie.

The rise of alternative currencies

Acknowledging these downfalls of our current monetary system, some alternatives arise. These so-called complementary currencies are designed to encourage investing in productive assets rather than hoarding. On top of that, they encourage (local) trade and cooperation and are less susceptible to inflation because they are backed by an external reference such as a commodity or service rather than the fiat of a central authority. They come in various colours and flavours, some of which we’ll explore below.

Time Banking, also known as services exchange or Time Trade, is backed by hours of work delivered. It is nowadays primarily used by communities to provide and incentive for work such as teaching children, helping the elderly or just what we used to refer to a being neighborly. But it has its social goal as well. By participating you gain credits for your time invested, gain the opportunity to meet others, confidence and on top of that, it gives a sense of meaning to life. So it builds social capital within a community. Timebanking is applied within communities all over the world. Some examples? Caire (Dutch), Ithaca Hours (US) Timebanks USA, TimeBanking UK.

Another alternative currency is for example Regiogeld in Germany. Basically, this is a alternative currency backed by the national currency with the goal of promoting local trade in the community.

Now, some electronic currencies are evolving as well, such as Bit Coin, their main advantages being that there is a fixed quantity (just like metal, gold) and no one has the ability to create new bitcoins, there’s no interest so it promotes investment in sustainable assets and there’s no need for a central authority.

The world is going free anyway: peer-to-peer.

Enabled by peer to peer advances online, we have a decreasing necessity for large corporations. In times of insecurity, we tend to seek security and progress in each other. We can slowly see how the world is going free, as millions of us around the world are freely giving and sharing places to stay over, music, skills, knowledge & compassion. It all stems from the natural urge of everything in our universe to want to be free.

Complementary currency systems such as time banks are the next step in evolution towards a world that revolves around unconditional giving. Slowly but steadily, we getting there.

Giving is All we Have doesn’t stand still either and is currently participating in a ground-breaking initiative to fuel that evolution, of which I’m sure you will hear more within a year. Sorry guys, I’m dying to tell you more. But be patient. Meanwhile, find some more inspiration here!

The Future of Money from KS12 on Vimeo.

Tags:

Category: Activism, Business, Community, Evolution, Governance, Ideas, Law & Punishment, Money, Society

Comments (4)

Trackback URL | Comments RSS Feed

  1. Ted Parrish says:

    My dead grandmother could write articles better than this…are you kidding me? What about the Liberty Dollar fiasco? What about Utah’s recent law passed, recognizing silver and gold coin as legal tender? What about the state of Virginia, who currently has a Bill on the table to follow Utah? What about the history of money, like a time when SALT was legal tender? What if I offered to pay you a one oz. GOLD bullion coin for your $1,500. garage sale item? Does that make me a criminal?

  2. dimitri says:

    Enslaved populations have no need for money. They are allowed to hold only that which supports their biological existence. Be very suspicious of anybody propounding a moneyless society. All they want is control over YOU.

  3. Victor Gagnon says:

    I tend to agree with dimitri. One must be aware, first of all, of who has all the money? If I have all the money then I get to say what changes will be made for me to make more money or to simply have more power. Some will try like the Euro. There is no conspiracy here, its plain and simple, its those that have all the money, and lots of it, that controls how much we have. How many of you simply carry cash only today or pay by cash (paper that the Federal reserve prints) or do you just have a card. We are almost in a moneyless society now. Credit cards and debit cards etc, plastic is our money for most of us. Yes there are many who want to make some changes but really if you don’t have all the money you don’t get to make the rules and the rules will only be changed if it benefits those who have all the money (gold, paper, silver, copper, etc). So is money the root of all evil? and some say that its the love of money which is the root of all evil but do we not all love money and live in a world of lack, which means, not enough time to make enough money to get to the future and yet the future never comes. Remember if I had all the money then you would have to cow tail to me, I would make all the calls (banks). Focus on those who have all the money and you will notice they are mostly silent but their profits are always increased and reported to us in the form of the economy is doing well because we are doing well. Then in my opinion the future of money means control. If you have none (money), regardless of what it looks like, then you don’t get to eat, or live and those who have all the money really don’t care if you die tomorrow.
    So in my opinion it matters not what money looks like but how it controls us. It is the ultimate control of beings on this planet. We live in Lack!!

Leave a Reply

Must Watch Videos

The Awakening – Clash of Civilizations

The Awakening – Clash of Civilizations













Zen Gardner, Guest
Waking Times

Despite the furious efforts of the world’s Machiavellian destroyers, humanity is waking up. We’re seeing significant progress in exposing the ongoing brutal Gaza extermination, the mass revelation of chemtrails and other neo-scientific incursions, the disastrous effects of EMFs of every source, GMO food manipulation, … More

July 23, 2014 | By | 4 Replies More
Raw Milk Versus Pasteurized—Which Is Safer?

Raw Milk Versus Pasteurized—Which Is Safer?













Dr. Mercola
Waking Times

The United States lags far behind many other nations when it comes to food safety and nutritional recommendations, and this is perhaps particularly true when it comes to raw milk.

The fact is, large dairy farmers operating under the factory farm model simply cannot produce raw … More

July 23, 2014 | By | 2 Replies More
Toxic Hot Seat—What You Don’t Know About Flame Retardant Chemicals Can Hurt You

Toxic Hot Seat—What You Don’t Know About Flame Retardant Chemicals Can Hurt You













Dr. Mercola
Waking Times

Fear of fire is primal. No one wants to burn to death. This is undoubtedly why it’s so difficult to repeal laws relating to the use of fire retardant chemicals—even though experiments show they do not work… and worse, they’re actually exposing you to … More

July 21, 2014 | By | 1 Reply More
Humans of Manufactured Purpose

Humans of Manufactured Purpose













Raghav Bubna, Fractal Enlightenment
Waking Times

Until we are born we don’t have any perception of existence riddling within us, we are lovingly thrust into birth by the biological frivolity of corporeal matter and witness the first moments in our life of purest expression.

As children we interact through experience … More

July 18, 2014 | By | 2 Replies More
Not Just the Bees – Pesticides Wiping Out Birds Too

Not Just the Bees – Pesticides Wiping Out Birds Too













Heather Callaghan, Contributor
Waking Times

Netherlands researchers fear the second coming of Silent Spring.

“Neonicotinoids were always regarded as selective toxins. But our results suggest that they may affect the entire ecosystem,” says Hans de Kroon of Radboud University and co-author of a study recently published in Nature journal.… More

July 18, 2014 | By | 2 Replies More

Activism Works

Seizing Control of Our Destinies

Seizing Control of Our Destinies













Julian Rose, Contributor
Waking Times

In 1381, at a time of great repression for the British agricultural work force, an extraordinary people’s revolutionary named Wat Tyler sprang to his feet and announced, “England should be a nation of self governing communities,” to which he added, “ No lord shall exercise … More

July 28, 2014 | By | Reply More
Triumph For Citizens in Florida As Hughes Oil Company Drops Fracking Project

Triumph For Citizens in Florida As Hughes Oil Company Drops Fracking Project













Julie Dermansky, DeSmogBlog
Waking Times

On Friday morning, Dan A. Hughes Oil Company and the Collier Resources Company agreed to terminate their lease agreement, with the exception of the Collier Hogan 20-3H well, next to the Corkscrew Swamp Sanctuary in Naples, Florida.

Hughes Oil dropped its plans to drill … More

July 14, 2014 | By | 1 Reply More
A Forgotten Community in New Orleans: Life on a Superfund Site

A Forgotten Community in New Orleans: Life on a Superfund Site













Julie Dermansky, DeSmogBlog
Waking Times

Shannon Rainey lives in a house that was built on top of a Superfund site in the Upper Ninth Ward of New Orleans.

“I bought my house when I was 25, and thirty years later, I still can’t get out,” she told DeSmogBlog.

Rainey’s … More

June 23, 2014 | By | 1 Reply More
Wave of GMO Labeling Victories Emboldens Movement to Take Back Food Democracy

Wave of GMO Labeling Victories Emboldens Movement to Take Back Food Democracy













Michele Simon, EcoWatch
Waking Times

The East Coast has been getting most of the attention lately on the state by state effort to label genetically-engineered food. Vermont recently passed a bill and New York State’s bill is now moving. But let’s not forget about the western states, which are also … More

June 11, 2014 | By | 1 Reply More
Monsanto’s Roundup Found in 75% of Air and Rain Samples

Monsanto’s Roundup Found in 75% of Air and Rain Samples













John Deike, EcoWatch
Waking Times

A new U.S. Geological Survey has concluded that pesticides can be found in, well, just about anything.

Roundup herbicide, Monsanto’s flagship weed killer, was present in 75 percent of air and rainfall test samples, according to the study, which focused on Mississippi’s highly fertile … More

May 27, 2014 | By | 2 Replies More