Local Currencies – Replacing Scarcity with Trust – Money as Debt

Local Currencies – Replacing Scarcity with Trust

Uploaded on Feb 8, 2007

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 money when members trade goods and services. Communities with local currencies will be less affected when recession or depression hits the mainstream economy.

http://www.fourthcornerexchange.com
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Money As Debt (full length)

Uploaded on Mar 28, 2011

Money as debt is a very interesting documentary, that everyone should see.
To me it was a bit shocking and a real eye-opener. It explains in a lot of ways why it is such a mess in this world.

It explains in a very simple and easy to understand way:

* How money is created and where it really comes from.
* How our moneysystem works.
* How banks can loan such insane amounts of money.
* Why everyone is so heavily in debt.
* Why our money is worth less and less.
* Why asking interest over a loan is not a good idea.
* Why the stuff we buy gets crappier and needs to be replaced sooner.
* That modern banking is the biggest scam ever.
* How totally screwed we really are.
I urge everyone to hand this documentary to friends and family.

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