Spending alternative currency

thCA9N68X1Normally, for a UK alternative to ‘Sterling spending’ – people have to exchange Sterling for Local Currency. This means losing one spending source for another; which is counter-productive.

If you refer to our page headed: ‘Wiping debts out’, you’ll read about our proposals to give out FREE local currency, which won’t entail you losing your ‘Sterling’.

WHAT WILL GIVE PEOPLE CONFIDENCE TO ‘EXCHANGE’ IN A free ALTERNATIVE LOCAL CURRENCY?

Value will be assured by Village Farms UK, who will only issue the number of local notes, which are backed in value by the local farmland it owns and it’s business order book (i.e. It’s sales revenue or investment income assured by it’s ‘customer partners’).

Unlike banks, Village Farms UK will not put out spending power that is increased way beyond its capital base – as was done to cause the banking crash of 2008; when banks had loan debts outstanding against actual reserves of capital they held – of as low as 0.5% of their debts. It was a bubble which was bound to burst, because banks use ‘Fractional Reserve Lending – lending way beyond it’s own capital limits.

The purpose of Village Farm’s local currency initiative, is to provide exchangeable spending power which boosts local living standards and jobs; in addition to that which is created by available Sterling spending.

WHAT IS SO GOOD ABOUT YOUR LOCAL CURRENCY IDEA?

Because it can be issued as we see fit FREELY, it won’t incur further debts, or repayment liabilities. Neither will it incur account costs – as our ‘notes’ will never return to a bank; so no re-lending can occur, which usually entails borrowers paying interest charges.

Because as individual consumers, each of us can decide how, when, where and what to do – to get better value – from ‘who’ we choose to deal – with a choice of local and national currencies.

Because our local notes will only be usable locally, constantly staying in circulation, Village Farm note spending power will not disappear to another area; so the volume of exchange in goods and services will increase locally – especially as we add more notes into circulation – backed by our own asset base.

WHY HAVE YOU CHOSEN TO DO THIS?

To cement a relationship with our potential customer base (referred to as: ‘customer partners’) who will give us an edge, over whatever competition we may have.

Also because it is high time that people’s living standards could rise ‘positively; without creating debt and without worry about falling ‘Sterling’ values, pension pay-outs and other manipulations caused by central policy or international financial price adjustments.

N.B. As a currency issued FREELY, Village Farm notes will never prove to be a liability to anyone; as do all the ‘Sterling’ debts owed by everyone at the moment.

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