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Peak Moment 49: Francis Ayley established over a dozen local currencies in the UK before moving to the U.S. He contrasts our standard, scarcity- and debt-based money system with local currencies in which "there's always as much as you need." Local currencies like his Fourth Corner Exchange issue ... More
Added Feb 9, 2007
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Duration 27:38 | views 18874
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Tags fourth corner exchange alternative currency local trading system lets
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Recent Comments (39)
RoosterTreeComicLit Says:
So, do the disabled starve?
stevenwagner Says:
Google Bitcoins
philoplatt Says:
I meant to say that when you "sell" something for money, you don't think of yourself as a lender because you can transfer the debt easily.
philoplatt Says:
we can change the whole US to this system if we just understand that a dollar is an IOU. the owers name is not on the dollar - it's at the bank on a balance sheet. the bank gives you a bunch of IOU's and charges you interest for borrowing from someone else! you don't think of it as a loan because you can transfer the debt conveniently
peakmoment Says:
@rationalityRules, Francis has been in the US a long time, so his accent may have gotten ....blurred. He described to us a number of local currencies he helped set up, I believe along the western side of the UK. Does where he come from alter his message?
rationalityRules Says:
I'm all for monetary libertarianism, but the issue I have with this is he says he's from the UK when he clearly isn't. Why lie? Kind of spoils the rest of what he says... I'm from the UK, and I can guarantee that is not an accent familiar to our shores! Germany, maybe; Afrikaans, possibly. Who cares. I've no problem with where somebody is from, until they feel they need to cover it up.
shogu666 Says:
If that would happen it would actually be step forward and i am for it. But much better way would be Resource based economy. Thumbs up for progress whatever would happen !!
Castle3179 Says:
Your friend is very profound.
decycle1 Says:
Dollar bills are the bars that hold you captive in the debtor prison
steviewonder417 Says:
so what is this about the tenth time weve had a so called peak? do some research on well recovery rates and their relation to abiogenic oil to get a clearewr picture on why peaks come and go and how its related to price fixing.
peakmoment Says:
@steviewonder417. The International Energy Agency acknowledged the peak of conventional oil in fall 2010. Pretty much downhill from here -- that is, we've gotten the cheap and easy-to-get oil. They wouldn't be drilling thousands of feet down in the gulf or offshore Brazil or the Alberta tar sands if there were a cheaper way to go.
steviewonder417 Says:
still waitin for that peak! oil is abiotic and the industry and those protecting them are just fixing prices!
tmackintl Says:
This is so right on and refreshing! Actually I've been working on a LETS myself for several years and I am always amazed that most people just do not get it. A friend told me that fish do not talk about water, and people do not talk about money for the same reasons. This is something that everyone needs to be thinking and talking about. While I agree that a LETS is the way to go, I also realize there must be many good solutions out there.
treasurefindermd Says:
Check out my video on Alternative Currency Copper Bullion Medallion!
SuperBoogerhead Says:
Everyone should read the future of money by Bernard Lietaer. He should be saying money is ambiguous. He is selling that the main stream monetary system is a good bad issue. He isn't a charismatic speaker but his research is based on the New Deal economists and Silvio Gesell. Saving the ecosystem and lessening the carbon footprint is easier with an ethical monetary system that accounts for commoditiies and a resources impact on the environment.
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budoracle Says:
You sound like an idiot.
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billybong78 Says:
He sounds like a commie
ManicEightBall Says:
This is total BS. This guy is just using fancy words to obscure an old idea that people have known about for years, and is not a miracle cure. He isn't working with money. He isn't doing anyone any favors.
JoeTube27 Says:
We need to end the monetary system all together. Money has to create scarcity to have value. How stupid can you be? Abundance is the key to have a society not scarcity to have money work. Economics is the devil.
TheJoker7682 Says:
That's bogus! The money should become more valuable! But, only because our actual physical economy is valuable, that in essence is what defines the value of the money. The physical productivity and the time of it. That could make it cheap if the values offset one another the currency is still valuable because of what it can be traded for. In truth, you want it to have neutral value. It is a medium of exchange and a store of physical value represented by people's acceptance of it over time......
TheJoker7682 Says:
That's bogus! The money should become more valuable! But, only because our actual physical economy is valuable, that in essence is what defines the value of the money. The physical productivity and the time of it. That could make it cheap if the values offset one another the currency is still valuable because of what it can be traded for. In truth, you want it to have neutral value. It is a medium of exchange and a store of physical value represented by people's acceptance of it over time......
kingofthepaupers Says:
Jct: As the financier of Michael Linton's first LETS software in Dbase II, I'm always gratified when I hear of people who made use of the freeware to set up their own interest-free anti-poverty lifeboats.