Local Currencies - Replacing Scarcity with Trust

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. www.fourthcornerexchange.com

Author: peakmoment
Length: 27:38
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Tags: alternative  Corner  currency  Exchange  Fourth  LETS  local  system  trading