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Local Currencies - Replacing Scarcity with Trust

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Uploaded on Feb 8, 2007

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. Episode 49: [www.fourthcornerexchange.com]

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