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article imageOp-Ed: The Brixton Pound goes digital

By Alexander Baron     Jan 23, 2012 in World
London - If you've never heard of the Brixton Pound, it's time you did. It is one of several local currencies circulating in Britain, and one of the ways ordinary people can break the monopoly of credit.
Brixton appears to be a little out of sync with the rest of the country, because the people behind the Brixton Pound held their Christmas Party only last Thursday, January 19. In other ways though, they are ahead of the times. In case you didn't know, the government may print and mint a certain amount of money, but the private banking system has the monopoly of credit, which it creates as a debt and dispenses at its caprice. On a global or even a national scale, there is not a lot that can be done about that, but at the local level, ordinary people have decided to take up the challenge by issuing their own currencies, including in Brixton. The Britxon Pound was launched in September, 2009; it has its own website, and now it has another presence in cyberspace because it has recently gone digital.
Although far from the first such local currency in Britain or anywhere, it is to date one of the most successful. There are other ways for people to trade outside of the normal system too, in particular LETS and barter, both of which now have well developed networks, although all three need to be developed further if we are to get out of the mess the banksters have gotten us into.
This opinion article was written by an independent writer. The opinions and views expressed herein are those of the author and are not necessarily intended to reflect those of DigitalJournal.com
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