Gold Nuggets as ‘super coupons’ – a ‘virtual currency’ of the barter kind

John C Turmel calls himself the ‘anti-poverty engineer’ and has been the most active ant-usury campaigner I have come across. He does not buy a book that doesn’t have ‘usury’ in its index, he says!

With the Gold Nugget Network he has developed a neat system that allows

  • shops to save money when advertising with couponsĀ 
  • buyers to save money by getting discounts.

Here is his home page.


Town Mayor takes his salary in Bristol Pounds: may they come as an app and may many mayors follow suit!

Salt Spring Dollars are a community currency i...

Salt Spring Dollars are a community currency issued by the Salt Spring Island Monetary Foundation. The currency is used by both tourists and local residents of Salt Spring Island. “Salt Spring Dollars”. Salt Spring Island Monetary Foundation . . Retrieved 2011-04-27 . (Photo credit: Wikipedia)

Well, this is the least expected and most promising news I had in my inbox today:

New Mayor Takes Entire Salary in Local Currency

I can’t even remember when it was that I started the first Local Exchange Trading System (LETS) in London, as the Green Money Network. It must have been in the 80s, when I had started Turning Points @ St. James’s which is still running as Alternatives. 80 members had signed up in no time, but they wouldn’t trade. So they needed meetings – which we made happen at the LSE – where people socialised and still wouldn’t trade.

It’s obviously a big difference whether my mum used her local currency in the former DDR in rural Brandenburg quite happily or whether Londoners should learn to change their ways of relating to each with their means of payment.

If only Bristol Pounds were available as an app and all town mayors were to follow Bristol sooner rather than later!

The Unemployed Exchange Association

Here’s the success story of people who organised themselves in the USA in 1932, when money was worthless.

Do things have to get much worse for people to do similar things here and now???

“Barter Rupees” for Yogis

Ramesh Patel has been a long standing Indian friend whom I met because he had bought the crockery for his vegetarian restaurant for barter money in the US. He now called to ask whether I could write about it for a large Indian organisation of Yogis.

So I thought I’d share it here, too: Barter Rupees – A Proposal for Yogis

Dutch Barter System Challenges Bankers

This article is about possibly the most effective regional currency put in circulation – juxtaposing it against the key thinkers and systems around: the right analysis, the right motivation and thus the right governance. May it succeed and serve as a model!

Why I don’t love Bartercard any more

Isn’t it a pity when great ideas are implemented in ways that are not so great?

Well, Wayne Sharpe, the founder of Bartercard, told me clearly why he did it: he saw a commercial opportunity. That’s great, for Bartercard could be a social business in the way that Nobel Peace Prize winner Prof. Dr. Muhammad Yunus thinks the future of capitalism could be influenced by people like you and me – despite the “establishment of institutions and governments” that are notoriously slow and ineffective.

Now he writes: … in simple terms we have been unable to use the event really.. our attempts to try to gain press or credibility from this have not really been effectual, as frankly our demographic target market does not fit into the higher level agenda.

Continue reading

Challenging the Recession – after the event

Thanks to Brad Meyer from Collaboration, we can offer video recordings of the event before lunch here.

After lunch, a number of us met in Room 14 – the Gladstone Room – where the most extraordinary cross-connections became apparent: between law firms and banks, between victims an ‘co-victims’. The realisation that ‘victims’ are NOT alone and thus not on their own seems to have been very healing in itself.

We plan to follow on with more supportive MPs in June.

Thanks to CompleteMediaGroup, the event was bigger and better, since we had over 20 journalists attending.

CompleteMedia wanted to “create the debate” for their client Bartercard. Was that achieved? Only time will tell…

Meanwhile, Austin Mitchell’s Early Day Motion Enforcement of Bank of England Act 1694 is gathering signatures. Will you WriteToYourMP and ask him / her to sign?