In Tom Greco’s 2009 book, The End of Money & the Future of Civilization, he writes: “The politicization of money, banking, and finance has enabled the concentration of power and wealth in few hands. Government and banking have colluded to create a political-money system than embodies a ‘debt imperative’ that results in a ‘growth imperative’ which forces environmental destruction and rends the social fabric. Under this arrangement, the banking cartel gets the privilege of creating money as debt and charging interest on it, while the central government gets to spend as much as it wants without regard to its limited tax revenues or the popular will.
“The growth god is dead. The era of seemingly endless growth is, in fact, coming to an end. Shall we lament its passing and try to sustain it a little bit longer, shall we passively watch as our world crumbles into ashes, or shall we welcome the crisis as the opportunity we’ve been hoping for to create the kind of world we want?”
In light of our current economic instability, national and global, Sustainability Action has launched an effort to create a local complementary currency that will help our local economy thrive, and also be able to weather a global economic upheaval. We intend this complementary currency to be a multi-faceted exchange system between all levels of the local supply chain of goods and services.
A planning group has begun meeting to learn in what ways a local complementary currency will serve our needs and benefit our community. We are exploring how it may function, how to enlist the participation of keystone businesses, how to launch it and expand its use, and what form it will take, whether an electronic trade system, cash currency, time bank, or a combination of these.
Our planning group is helping each other to understand the basics of money and to become more “money literate”. We welcome anyone who has creative ideas and energy to help organize this project. If you are interested in helping, please send an e-mail to – - firstname.lastname@example.org