The Noah project

Toefoot · Nov 24, 2013

Great information on Homesteading. Christian Homesteader that created a document on living off grid. He covers solar, composting, composting toilet among other things 170+ pages.

http://www.christianhomesteaders.org/Abundaculture.pdf

DennisTate · Feb 17, 2014

Toefoot said: ↑

Great information on Homesteading. Christian Homesteader that created a document on living off grid. He covers solar, composting, composting toilet among other things 170+ pages.

http://www.christianhomesteaders.org/Abundaculture.pdf
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Intriguing!!!!

Do you think that he might be willing to expand his operation to include the printing up of a local currency?

http://www.christianforums.com/t7701455/

North American churches should each have their own currency!

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I am of the belief that each large church in North America should discuss the printing up of their own church currency unit such as has been done by a group of socially active citizens in Calgary, Canada with their CalgaryDollars.ca

Here is a good article on how important local currencies were during the Great Depression:

Whatcom Watch Online - Story Display

City in Austria Printed Local Currency

Worgl, like many other European towns and cities, was hit hard by the Great Depression. There was mass unemployment; four of the five local factories had closed, and the people were starving in the streets. Nobody had any money to buy anything. One of the features of an economic depression is that there is not enough money in circulation to ensure that people can meet their basic needs, and in the 1930s, the shortage of currency in many countries of the world became catastrophic.

The mayor of Worgl, together with local businessmen, decided to try to break this economic impasse by creating their own local currency. They printed and issued 60,000 Austrian shillings worth of local currency. These shillings could only be spent in Worgl, so they remained in the local community and were exchanged over and over again.

The positive impact was immediate and surprising to everyone. In only six weeks, unemployment disappeared, all the factories had reopened and everyone had food. For the inhabitants of Worgl, the economic depression was gone. This dramatic transformation became known as the “miracle of Worgl.” Surrounding towns, inspired by the success of Worgl, immediately started printing their own local currencies.

Sadly, the miracle did not last long. When the Austrian Central Bank heard about Worgl’s local currency, they initiated legal proceedings against the mayor and local businessmen. According to Austrian banking law, it was illegal for anyone except the Austrian Central Bank to issue money. The bank won the court case, and the mayor was ordered to shut down the local currency, which he did, under threat of imprisonment. The town then returned to the devastating economic depression of the 1930s, with all the human pain and suffering associated with this catastrophe. Factories closed, and once again, the people starved.

Alternative Currency in the U.S.

Irving Fisher, an American professor of economics at Yale University, visited Worgl before the local currency was suppressed and witnessed the ‘miracle’ firsthand. When he returned to the United States, Fisher spread the word by traveling and lecturing across the country, advocating the use of the Worgl ‘scrip’ everywhere. Inspired by his vision, hundreds of communities began issuing their own currency, and by 1934 there were over 1,000 local communities using ‘scrip’ throughout the U.S.

Every one of these communities experienced a tremendous rejuvenation of their local economies. They thrived while others suffered. Fisher then met with President Franklin D. Roosevelt, proposing the implementation of government-sanctioned local ‘scrip’ in every community in America. When FDR consulted with his top financial advisors and bankers, however, he was advised to shut all the ‘scrip’ systems down, which he did. Instead, he borrowed large amounts of money from bankers, at interest, and used it to pay for the Reconstruction Finance Corporation and the other work-creation projects, which collectively came to be known as the ‘New Deal.’ So ended the last widespread use of a local currency within the U.S.
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Surely everybody who reads this article would agree that we have many advantages over the people who lived in Worgl, Austria during the Great Depression?!

If they can do it....why can't we?

Here in Canada the only problem that we have to watch out for is that we must pay the same rate of taxation if we earn Calgary Dollars as if we had earned Canadian dollars....so we have to keep our level of bartering at the point where our tax bill doesn't get to high.....but if we volunteered our time and our church earned a local currency from another church....it could be amazing where this could lead!

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The Noah project

Toefoot Well-Known Member Past Donor

DennisTate Well-Known Member Past Donor

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