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The Great Transition
Policy news & blueprints for the transition to a new Sustainable and Social Economy
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Shareable: Greek Town Taps Bartering for a More Shareable City

Shareable: Greek Town Taps Bartering for a More Shareable City | The Great Transition | Scoop.it

"As Greece continues to search for solutions to its national economic crisis, the port town of Volos has adopted an old-school barter system to help its citizens muddle through. Five years into their recession with 21 percent unemployment, some Volos residents who were short on Euros but long on other resources created a local currency (called TEMs in Greek) that is traded based on non-monetary contributions into the online system."

 

Are alternative currencies the better response to the current debt crisis?

 

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Making Money for Business: Currencies, Profit, and Long-Term Thinking

Making Money for Business: Currencies, Profit, and Long-Term Thinking | The Great Transition | Scoop.it

Belgian banking and currency expert Bernard Lietaer and community developer Gwendolyn Hallsmith present some of their stimulating ideas on how to re-engineer our monetary systems for the sustainability revolution.

 

A bit technical and out-of-the-box but the kind of innovative thinking that we will ultimately need. Much more realistic than the mumbo-jumbo presented by EU leaders as the "historical" solution for Europe.

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James Rickards: Paper, Gold or Chaos?

James Rickards: Paper, Gold or Chaos? | The Great Transition | Scoop.it
History is replete with the carcasses of failed currencies destroyed through misguided intentional debasement by governments looking for an easy escape from piling up too much debt.

 

Listen to this Chris Martenson blog podcast interview with James Rickards on how some governments (including the US) have started to get out of the debt crisis by cheapening their currencies. End result: currency collapse.

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