Local Currencies - Replacing Scarcity with Trust -English
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...
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 is 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
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[30 May 13] US dollar losing hold as world currency - English
With each year the American dollar is shrinking in percentage as the world\\\\\\\'s currency supply. The implications could mean a serious decrease...
With each year the American dollar is shrinking in percentage as the world\\\\\\\'s currency supply. The implications could mean a serious decrease in the dollar\\\\\\\'s influence as countries around the world look for alternatives. When compared to other prominent world currencies, the dollar has been experiencing a 15-year low. That\\\\\\\'s according to the International Monetary Fund. And, this indicates that more countries are willing to use other forms of currencies to do business. Experts say it\\\\\\\'s a fault of the US banking system and the Federal Reserve. If the dollar weakens in influence worldwide, it will be harder for the US to print money and pay its debts. In addition, looming battles over budget sequestration in Washington could rekindle long-standing fears of fiscal stability.
Colin Campbell, Press TV, Washington
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