This cooperative system could change the way we educate our children calling us to put more emphasis on building concrete skills that are useful in our own community as opposed to primarily serving those outside of it. This, in turn, could also increase the power of the local economy. During the Great Depression of the 30s, many local currencies sprang up, allowing communities to survive the worst (4) economic crisis in U.S. history.
Many of us today don't know or fully understand how the American monetary system
works. We often don't understand where our money comes from or what it is used for
by the government and large multi-
national corporations. We often don’t know that it facilitates and is dependent upon the perpetual growth of debt. According to Crystal Arnold, in Creating Currency for a Resilient Local Economy, "Economic textbooks describe
In America, that agreement is that U.S. legal tender will be accepted to pay all debts. If that agreement was not held, and our money was not accepted for the exchange of goods and services, our dollars would
then mean absolutely nothing.
Doing so would create a beneficial flow of money into our community without supporting the oppressive monetary system currently established throughout the country, nor the destruction and
domination that it funds (6) throughout the world.
