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The economic crisis and the bailing out of the banks by taxpayers has made us all aware of the vulnerability of our financial system. We need to think urgently about how to reclaim the power that the bankers hold. In past recessions and depressions across the world, communities have done just that - by creating their own forms of money. Local Money shows how this is possible. This book is an inspiring guide that helps you understand what money is and how you can create money that stays in the community - building loyalty between consumers and local traders rather than losing wealth to the corporate chain stores. It explains how alternative currencies can work with local banks and credit unions to strengthen the local economy, supporting the local production of necessities such as food and energy while helping to reduce the community's carbon emissions. Local Money draws on the long history of local currencies, from Local Exchange Trading Schemes and 'time banks' to paper currencies such as BerkShares, Ithaca 'Hours' and German regional currencies, which circulate between local businesses as an alternative to their losing trade to the 'big box' retailers. The story culminates in the development of the first Transition currencies, the Totnes, Lewes, Stroud and Brixton Pounds.
"If you're ready to embark on the rather exciting journey of local money in your town, this is the most helpful book I've come across so far." Make Wealth History "Transition groups and others interested in finding alternatives to big money and the big banks will find plenty to stimulate their efforts as they work to biuld a resilient economic future for their communities." Blackmore Vale Magazine
Series: The Local Series
Number Of Pages: 240
Published: 13th May 2010
Country of Publication: GB
Dimensions (cm): 22.0 x 22.0 x 1.91
Weight (kg): 0.73