from WakingTimes Website
Did you know for instance that all
over the world alternative currencies are popping up? No? Well, buckle up
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
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.
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?
On top of that, the system of interest
redemption and payment drives people into competition for their share of the
The rise of alternative currencies
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 colors and flavors, some of which we’ll explore below.
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.
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.
The world is going free
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.
Sorry guys, I’m dying to tell you more. But be patient.
Meanwhile, find some
more inspiration here!