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Long queues as people attempt to get their money out of the banks
Aren't you expecting to wake up any day to a headline like this? I mean finance companies are falling like flies, and anyone who says the global financial system is robust and that this is a short term blip that might last for a year or two, like it did in the '80's might want to look again. Our human population has grown by almost two billion since 1985, and the price of our most powerful and all pervasive energy source, fossil fuels, is now taking leaps and bounds.
A community issued and managed means of measuring exchange must surely be one response to possible, and actual, runs on the banks. When deposits are no longer honoured by more and more institutions, and savings evaporate over night, one has to think there might be a better alternative.
This afternoon, I was fortunate to have been able to spend some time with a learned gentleman who educated a friend and myself in the finer details of a system that could serve this purpose with ease, simplicity and in a fun way. Much thought has gone into possible methods for initiating, promoting and supporting the implementation of this system.
Watch this space.
I guess there are two
I guess there are two conditons. The first is to be part of an operating trading environment where the network is formed, goods and services are being traded and the 'currency' is in use. The second state which applies to most of us out on the fringe or in the getting-started state is that we would like to think there is an alternative currency system available to us and some sort of network in place even if we havent utilised it yet.
So for many of us the existence of and ability to join a network of common interest is the key starting point. This of course fits the classicial definition of the reason for a medium of exchange - indeed it's probably the key ingredient of the role of the State - together with provision for security of the State.
Interesting how the inertia and insensitivity of the national State - its lack of agility in the face of rapidly changing forces - is leading to the setup of more nimble and relevant States-within-States which are better able to provide individuals with the security they seek for the necessities of life.