When the town of Lewes in Sussex launched its own currency, the few people who were aware of this development tended to be sceptical about the chances of it being anything but a momentary fad. That was in the summer of 2007. Now the currency has been in use for over a decade. Although it is used in parallel with the British Pound which it hasn't replaced, the existence of a local currency not controlled by the Banking criminals, is a marvellous thing. The paper currency is issued by the Town Council - and not by the Banks.
The Banking system is a fraud wherein money is created out of nothing, put into circulation as debt, and repaid using real tangible property when debtors default. The usurious system is designed to consolidate wealth (real wealth) in the hands of the self-chosen financial elite, at the expense of the impoverished masses.
Lewes Council have taken a brave step in issuing their own currency; a small step, but a significant one. This has been done before to great success. A good account of how a currency can be issued debt-free as social credit for the benefit of the ordinary people, is available in the booklet 'The Guernsey Experiment' by Olive & Jan Grubiak. Lewes Council are to be applauded.
The Capitalist System is based on Banking. It will take more than setting up Local Currencies, Local Exchange Trading Systems and the like to break the grip of the Bankers, but it will at least deny them the wealth they steal from us in creating money as debt. It is a start.
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