I’m half way through reading Detlev Schlicter’s excellent book Paper Money Collapse, when I came across this….
A group of independent traders in Bristol are launching their own currency, with the backing of the council and a credit union.
The “Bristol Pound” will be printed in notes, and also traded electronically.
Marvellous… and backed by our good friends at the City Council. Have they inadvertently understood the need for monetary reform? Will we start to see currencies popping up everywhere in defiance and in direct competition with the banksters cartel? Lets hope so. But I doubt it, sadly I suspect this is more about marketing than serious reform but I hope those that are involved are educating themselves on the way money has been hijacked from the people by those that wish to control and manipulate economy for their own ends however innocent or misguided they may be.
Heres some more quotes from the article
“Big companies just hoover up money from a local area,” he told me.
“Money goes into their financial system and typically out into London and into the offshore sector.”
But by definition, Bristol pounds must stay in the city. Spend a tenner in a Bristol bakery, and they must use it to pay their suppliers or staff. In turn, those companies will have to use the money within the local economy.
“We’ll be driving more business to independent traders, and ensuring the diversity of our city, which is one of the things people love about Bristol,” Mr Mundy said.
Well done Mr Mundy I look forward to hearing more