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Worldwide, communities and initiatives spring up who transition to a culture of strong sustainability and harmony with the natural world. What is it that makes them tick?
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A land backed currency issued by a Local Authority

A land backed currency issued by a Local Authority | Transition Culture | Scoop.it

This paper develops the case for a currency issued by a local authority and proposes a contract where a land levy is paid to council in exchange for local dollars to assist would-be purchasers to buy land. It addresses both land and money together. It argues for a currency that has a built-in incentive to circulate fast. It will supplement the existing interest-bearing monoculture of a national currency. It introduces a local Citizen’s Dividend. Local currencies need to shift up a gear. It describes the probable effects of such a marked change in the scale of complementary currencies, where they are issued in millions rather than hundreds of dollars. It argues that such a currency will stabilise the price of property, cause new prosperity, move business towards sustainability, stimulate new industry, create new jobs and move to a low carbon economy. The knock-on effects on the central government are discussed. It argues for a smooth gradual introduction of this dual currency system linked to land.

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A 375-Year-Old French Bank Forgives Debts of Paris' Poorest

A 375-Year-Old French Bank Forgives Debts of Paris' Poorest | Transition Culture | Scoop.it

Just as France was being chastised for excessive national borrowing with a sovereign debt downgrade, thousands of lucky French people had their financial obligations forgiven after the country's oldest bank decided to simply wipe their slate clean.

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Coming soon: a world without money and banks.

Who in their right mind would be so bold as to predict the end of money and banking as we've known it (besides yours truly, that is)?

Well, how about the Governor of the Bank of England?


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Let's not pussyfoot around with the banks

Let's not pussyfoot around with the banks | Transition Culture | Scoop.it
A closer examination of money creation shows the need for major banking reform.

 

The New Economics Foundation's Tony Greenham makes the case for a radical change in the way banks can "create" money and the need for a fundamental banking reform.


Via Willy De Backer
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Alternative currencies, monetary systems | Comparison tables - SocialCompare

Alternative currencies, monetary systems | Comparison tables - SocialCompare | Transition Culture | Scoop.it
Alternative currency is a term that refers to any currency used as an alternative to the dominant national or multinational currency systems (usually referred to as national or fiat money). Alternative currencies can be created by an individual, corporation, or organization, they can be created by national, state, or local governments, or they can arise naturally as people begin to use a certain commodity as a currency.
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A Haitian Bank Thrives After the Quake by Helping the Poor

A Haitian Bank Thrives After the Quake by Helping the Poor | Transition Culture | Scoop.it
After the quake, Fonkoze stepped up and took deposits, doling cash out as remittances—all the while keeping the hole in its vault hush-hush.

 

With more than a quarter-million customers, Fonkoze, a Creole abbreviation of "the Shoulder to Shoulder Foundation," is Haiti’s largest microfinance group. Fonkoze is a full-service nonprofit bank for the poor, offering financial services from credit to insurance and savings. The average savings account has just $60 in it.

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Kiva’s Secret Project To Let You Give Peer-To-Peer Loans

Kiva’s Secret Project To Let You Give Peer-To-Peer Loans | Transition Culture | Scoop.it
Microlending website Kiva’s original proposition was simple: Make an interest-free loan to someone who no bank will touch. The site, which launched in 2005, became wildly popular, as people gleefully gave a few dollars to struggling businesspeople in the developing world, and then saw that business grow and had their money repaid.

But many lenders assumed--not surprisingly, given Kiva’s marketing and web design--that the smiling face on the other end of the PayPal transaction got the exact cash they lent out. A minor kerfuffle ensued in 2009 when a blogger broadcast the fine print of Kiva’s website, revealing the nuance that a donation actually goes to take on the risk of a loan already made to that person by a microfinance institution. In other words, the person you chose to fund already had his loan. You just make it possible, retroactively.

 

Now Kiva is launching a program to do, essentially, what everyone thought they were in the first place.

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