The topic of Stable Currencies is multi-facetted between monetary root problems, multi-levelled economic solutions and serious financial, social and environmental effects. Among the list of monetary problems are:

Our approach is rooted in the realization that

1. today's political and economic problems  is the outcome of a historic evolution that began with the founding of Central Banks in Sweden and England
2. there is no one formula but there are a number of solutions on a number of levels; these vary between Central Banks, Banks, Governments, Lords, MPs and Citizens
3. the lack of awareness of the devastating mechanism of National Debts and their resulting interest payments is virtually 100%; even most people keen on 'debt cancellation' do not realise that the 'mechanism of dependency' lies in the issuing of currency as debt. Hence it is required that we all widen our horizons and deepen our understanding to include the larger picture.

A 'Stable Currency' issued and managed wisely would be 'green money' in our pockets, i.e.

1. SOLUTIONS to Stabilise Monetary Exchanges for Trade and Employment 

This is the basis for discussion of Forum meetings at the House of Lords in London, England.

Stable Sterling

The idea of keeping Sterling in parallel to the Euro and to make it a debt- and interest-free model for the Commonwealth of Nations.         

          The idea of taxing those billions of trillions of financial transactions that are speculative and fundamentally unproductive.

This is the principle of using conventional money to introduce interest-free 'trade pounds'. Even though these trade pounds have purchasing power only among members of the company, they are considered 1 : 1 with the national currency, for pricing and tax purposes. Companies pay a 'service charge' in cash of generally around 7% and 'account managers' look after a group of members to facilitate trading. 

LET’S BARTER

On the grassroots level, this idea has captured the imagination of some 2500 groups world-wide. People print their own cheque books to keep track of their local currency. LETSLINK London co-ordinates some fifty groups.  

LETSLINK LONDON

Southwark Social Investment Forum is a group actively applying the principles of an alternative regeneration programme in a specific local authority area where LETS, Barter, Time currency  [here called Hourbank], Credit Unions and a fairly responsive local authority already exist. It meets at the Clink Debtor's Prison Museum every second Thursday 6-8 pm and is open to everybody who wants to talk about money! Contact: Canon Peter Challen

Wales comes under 'Objective One' in Brussels, i.e. it is considered poor enough to receive certain funding.  The Welsh Assembly has applied for this funding which has been granted but needs to be matched - by the UK Government for example. 

Have a look at the Early Day Motions Data Base of the UK Government and read EDM 314 submitted by Dafydd Wigley MP for Plaid Cymru, the Welsh Party.

My own selection of EDMs consists of all those that relate to financial and monetary matters. They would all be unnecessary, if the real cause of debt-based capitalism was addressed. 

Here is a discussion paper which I wrote for Jane Taylor, co-editor of Positive News and which was commented  by Prof. Bernard Lietaer, author of The Future of Money, published in German and Prof. Margrit Kennedy, author of Interest- and Inflation-Free Money, translated into 12 languages.  

TimeDollars - to reward volunteering with interest- and inflation-free money 

        On top of chronic and increasing lack of money, financial problems are being created through 'extraordinary' banking practices. Fortunately, there are lots of self-help groups who offer practical solutions:

SAFE - Struggle Against Financial Exploitation

Specialising in Barclay's Bank
Telephone Keith Whincup on 0208 855 2006 or visit http://www.bank-ers.co.uk

Independent Banking Advisory Service

An excellent website based on the personal experience of Lloyd's Bank ruining their  business. Email Brenda Weatherill

National Association of Banks and Insurance Customers 

A great service in Cardiff and on the Net!
Email Stuart Cliffe 

Bankruptcy Advisory Service

Another victim turned fighter
Telephone Gill Hankey on 01482 633 035

When Corporations Rule the World

The excellent book by David Korten and the 
People-Centred Development Forum in Bainbridge Island, USA

FEASTA 

The excellent Foundation for the Economics of Sustainability in Ireland

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