Future of money: Alternative currency

Alternative currency is generally used in conjunction with conventional money; one may use local currency at the farmers' market and regular greenbacks at the super market.It doesn't try in any way to replace cash, "says Christoph Hensch a Swiss national and former banker living in Christchurch New Zealand. Rather, it offers a way "for people to share and redeem value they have in the community". He says the currencies are most useful in geographical areas or social sectors where money doesn't flow sufficiently , citing , for example, New Zealand's Golden Bay , which is so remote that sometimes nearly functions as it's own economy.

Alternative means of trade often surface during tough economic times. "When money gets dried up and there are still needs to be met in society , people come up with creative ways to meet those needs",says Peter North , a senior lecturer in geography at the University of Liverpool and the author of two books on the subject.

I support the fact that alternative currency can change the future of money because it is a means of empowerment for those languishing on the margins of fiscal life , granting economic agency to people like the elderly , the disabled or the underemployed , who have little opportunity to earn money. For example, in some system one can "bank" Time Dollars for tasks like child care and changing motor oil. It's not whether you are employed or what financial assets you have that matter. Each person has "value" that is "exchangeable" on the basis of time spent or on a given task. For other informations on alternative currency, log on to " Google search engine ", type " Local Exchange Trading System".