Local currencies

The Transition Movement is spreading ideas and practice to build more resilient localised communities that will be better prepared in the event of a breakdown of the complex systems of the Machine World. Financial collapse is the first of the five stages of collapse identified in Dmitri Orlov’s study of societies that experience widespread collapse. Therefore the creation of local currencies  that encourage exchange based on local production of goods and services is a growing phenomenon around the world. This article describes one such local currency that has been established in the Hudson River Valley to the north of New York city.

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