Tag Archives: wealth

Local Currencies

Berkshares

LOCAL CURRENCIES: Some communities are partially opting out of the debt-money system that is ruling us, failing us, and taking our wealth. They issue their own currency and back it with goods and services produced locally.

The local-currency movement displays a fascinating set of trends: away from globalization, away from corporate control, away from central government control, away from homogenization, away from commercial banking control over wealth and credit, and away from the appalling unsustainability of credit-money at compound interest.

These trends are all good things; all things that could ultimately tend to the preservation of local values, and diverse human cultures and types, across the planet. I wish them well!

What is Wealth?

inaugural noteWhat is money, really? What is wealth? And what do ‘economic stimulus’ and war and foreign aid do to our wealth?

by Kevin Alfred Strom

based on the American Dissident Voices broadcast of July 10, 2004

IN 1957, Julian Huxley wrote about the dangers the world might face in 2007. He told of a world wracked by environmental destruction, falling standards of living, the despair and desperation of the hopeless, and a decline in the creative spirit that makes all culture and science possible.

He glimpsed the future in racially-mixed India, where he saw the streets teeming with the homeless in such numbers that one had to pick one’s way carefully along the sidewalks at night to step over the sleeping bodies, wrapped in a few filthy rags and nothing else — hundreds of thousands living their lives, voiding their wastes, and making their hopeless, pathetic yet fecund love right in the open on the pockmarked pavement, and sharing that “home” with dirty, starving, roaming cattle.

One evening he saw a policeman directing traffic at a busy intersection as twilight fell. As the darkness deepened, he saw a man and a cow approach the policeman from opposite directions, curl up at his feet and begin to compose themselves for the night, right there, almost touching him — with the officer taking no notice whatever and continuing with his duties. It was what was ‘normal.’ It was what was expected. It is where we’re headed unless something is done.

Continue reading What is Wealth?