[this page is still being update 2016]
"If we want to restore an preserve soil fertility, if we want to preserve and restore small and mid-size farms and promote organic agriculture, if we want to diversify and decentralize our food supply and revitalize local communities, if we want to preserve biodiversity, if we want to remediate polluted and depleted aquifers, if we want to promote human health and childhood nutrition - if we want these and many other related benefits, or even if we merely wish to defensively invest a portion of our assets in a food-system safety net, then we are going to have to figure out how to deploy capital appropriately, in new ways, in meaningful quantities, and for the long term. Can we design ways for regional investors to invest in regional food enterprises? Could there be Slow Money Bonds, similar to municipal bonds, but investing in local food systems?" ~ Woody Tasch "Inquiries into the Nature of Slow Money"
What if every business in your community pledged just 1% to local organic farmers and Community Supported Agriculture?
In late 2009, an online organization calling itself “Move Your Money” spearheaded a campaign to persuade Americans to transfer their funds from large financial institutions, such as Bank of America and JP Morgan Chase, to local community banks.
Since the financial crisis began, according to a Zogby poll, almost one in 10 American adults has moved her or his money from a large bank to a closer, more personal one.
Though it may seem a waste of time and an inconvenience to transfer your funds to a local bank, consider this: If you know someone who lost her or his to job to the recession, or if your retirement savings took a major hit, or if the funds that you had set aside to pay for college shrank drastically in size, or if you have ever wrung your hands in frustration at the latest jobs report, Wall Street shenanigans, or the sheer magnitude of the bank bailouts, and wished there was something you could do — well, now there is.
The greatest benefit of more people moving their money away from the banks largely responsible for this economic mess is that they will be less capable of wreaking such havoc in the future. As hackneyed and cliché as this advice has become, Gandhi’s immortal axiom, “You must be the change you wish to see in the world,” is abundantly applicable in this instance.
Not only does the possibility of a more secure economy exist, we are capable of shaping that future from Main Street on up. We petition you to reconsider continuing to bank with large, national institutions; instead, you can do your part in strengthening your community and securing your local economy by watching this video and then visiting the Move Your Money project for helpful advice and tips for doing just that.
Edgar Cahn came up with Time Dollars as "a new currency to provide a solution to massive cuts in government spending on social welfare. If there was not going to be enough of the old money to fix all the problems facing our country and our society", Edgar argued, "Why not make a new kind of money to pay people for what needs to be done? Time Dollars value everyone’s contributions equally. One hour equals one service credit. Cahn wrote two books, Our Brother’s Keeper and No More Throw-Away People.
The largest and most active Time Bank in the United States is the Dane County TimeBank in Madison, Wisconsin with over 1,000 members, a Youth Court and connections to Community Supported Agriculture. The Dane County TimeBank co-hosted "TimeBanking in Action," the TimeBanking International Conference in 2007, and co-hosted the TimeBanking Conference, "Time For Justice, A Wealth of Opportunity" in June 2009.
TimeBanks USA is the hub of a nationwide network of TimeBanks offering training and support to timebanks around the country. It developed Community Weaver software now widely used with over 11,000 participants. In the US there are now 101 TimeBanks listed in the Time Banks Directory.
TimeBanking has spread to over 37 nations and six continents. In England, Scotland, Wales and Ireland, TimeBanking has spread rapidly. In Wales there has been a particular focus on the development of 'Agency Timebanks' to engage local people as contributors to public service and community Agency Timebanking in Wales There are 116 in operation and another 87 under development; the government and national volunteer organizations have been particularly supportive. They are promoted as a tool in community regeneration.
STATE OWNED BANKS?
We have been learning about the success of North Dakota's State owned bank over the decades so we wanted to post this video we found and add it to the growing list of resources on the 'Great Economic Transition' page.
Here are some links for further reading and research: