Local Money

Now write down:

* two underused resources in your community:

people, businesses, voluntary groups

* two unmet needs in your community:

people, businesses, voluntary groups

4000 complementary currencies???

Where are they all?

http://bit.ly/CC_Resource

http://bit.ly/CCIA_Project

More chains: regulation

Currency Diversity

Virtual currencies

National currency

legal tender for debts and taxes

Loyalty currencies

Sectoral currencies

Local and regional currencies

http://bit.ly/Currency_Diversity

Marty from Mars visits Earth

Why focus on currency?

Marty from Mars goes home

Why focus on currency?

Crisis, what crisis?

Growth must continue!

Better training: ethical trade

Different breeds: new currencies

Local currencies can help you be HAPPY!

Money is information

Money is also a convenient way

to LOSE a lot of information

Flexibility of money has hidden costs

Who will tame the Money Beast?

More chains: more regulation

Different parents: monetary reform

Better training: ethical enterprises

More chains: more regulation

New breeds: complementary currencies

Different parents: monetary reform

Better training: ethical enterprises

New breeds: complementary currencies

Why did nobody see the finance crisis coming?

Crisis is Normal

1970-2007

Four Money Tamers

http://bit.ly/QueenLSE1

http://bit.ly/QueenLSE2

124 systemic banking crises

208 currency crises

63 sovereign debt defaults

http://bit.ly/IMF_Crises

* Reregulation

* Social Enterprise

* Monetary reform

* New currencies

Follow the Money

Whichever strategy you choose: good luck!

What is a currency?

Currency is a mechanism that shows a flow:

* goods & services exchanged

* service to my community

* protection of the environment

Growth must continue!

Chorus of politicians and media sings...

Are humans crazy?

You are consuming

one and a half planets

Consulting and training

http://bit.ly/Currency_Consult

"Local Money - what difference does it make?"

http://bit.ly/Local_Money

“People Money – the Promise of Regional Currencies”

with Margrit Kennedy & Bernard Lietaer

http://bit.ly/People_Money

LIKE and SHARE People Money on Facebook

http://bit.ly/People_Money_FB

Why do we need local currencies?

local resources wasted

local needs not met

Now happening with local currency…

Local Currency World

How do local currencies work?

What can local currencies do?

Grow local businesses

Boundaries for protection

Belgium

Switzerland

Germany

Necessary skills

'shop local' alone is weak strategy

local economy is like leaky bucket

Boundaries: ethical

Boundaries: geographical

* money stays in region

* consumers support local supply chains, businesses, jobs

Pay local taxes:

Talente Tauschkreis, Austria

Pay local government employees:

Brixton Pound

Bristol Pound

Pay for car parks and buses:

City of Nantes, France, 2014

* community decides what trades acceptable

* NOT value free but value driven

* trading rules ensure governance

England

Kenya

http://bit.ly/Bangla_Pesa

Size of task

Design Management Governance

Cost recovery PR Marketing

Credible regional currency has all of them in team

How do you design a local currency?

Grow local communities

+

=

Design methodology - gives you a framework

Currency

Trading network

Establish local medium of exchange not used for speculation under control of local people

+

Social network

(matching information about resources and needs)

Four players in local economy

local currencies AND national currency

DUAL currency economy is stronger

Wales

http://bit.ly/Creation_Time

USA

http://bit.ly/Equal_Dollars

Local

government

Voluntary

organisations

Individuals

Businesses

Design around their resources and needs