Local Currency — Money for Us, Not the Bankers (292)


“Back in the 1930s on the Olympic peninsula, people were paying their taxes in alternative money…The banks shut them down. This is an example of the monopoly the banks have, and the level of control they have over peoples’ economic lives… People need to know [local currency] is a possibility, an option, a realistic tactical and powerful way to take back your economic power from the bankers.”

Fourth Corner Exchange co-founder Francis Ayley says the current debt-based global money system is  an unsustainable Ponzi-scheme that will crash. By contrast, local currencies are unlimited, based on whatever members want to exchange. He and director Lia Ayley share the nuts and bolts for new members starting to exchange, how values are set, and exchanges involving both Life Dollars and US dollars. The biggest challenge, they say, is changing our mindset from the scarcity built into the existing monetary system to one based on relationships, cooperation and plenty.  [fourthcornerexchange.org]

Watch our 2006 interview of Francis Ayley:  Local Currencies – Replacing Scarcity with Trust (episode 49).

Watch video | Audio | iTunes | Janaia’s journal: Local Currency – Better Than Money


  1. Not sure how you get around this…

    18 U.S.C. § 486:
    Whoever, except as authorized by law, makes or utters or passes, or attempts to utter or pass, any coins of gold or silver or other metal, or alloys of metals, intended for use as current money, whether in the resemblance of coins of the United States or of foreign countries, or of original design, shall be fined under this title or imprisoned not more than five years, or both.
    See: https://en.wikipedia.org/wiki/Liberty_Dollar

    Nice idea, but not legal, and not original.

    • No coinage is involved in this alternate currency…it’s an exchange system.

    • It is legal.
      It does not involve coins.
      It is original. The currency I have created is unique because, after 45+ years as a monetary reformer who has read everything I have been able to get my hands on, I can say with confidence that the exact monetary specifications of Life Currency have never existed before.
      That is three strikes, you are out.
      The minimum you could do is to read our FAQ http://www.fourthcornerexchange.org/FAQ.php before posting wrong information and wrong opinions.

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