Brooklyn’s own currency: can secession be far behind?


A few weeks ago the curious g posted Think local, spend local – currency that is, dealing with the rise of local currencies, a/k/a scrip. Many people believe that creating their own currencies will stimulate local recovery faster than US federal currency, in addition to creating a stronger sense of community. There are nearly 100 US communities experimenting with local currencies.

The Brooklyn Torch project is one of  the newer ones. It’s a local currency project aimed at providing Brooklynites with a tangible medium of exchange that will support both the local area businesses and artists in the community. The Brooklyn Torch project will launch in North Brooklyn.

Listen to the co-founder of the Brooklyn Torch project, Mary Jeys, talk about the how and whys of launching the Brooklyn Torch on WNYC’s The Brian Lehrer Show.

Can the Brooklyn Torch succeed the way the Ithaca Hour and the BerkShare have? I wonder if the size and scale of the locality have any effect. Is this a step toward secession for Brooklyn?

Photo: © 2005 Janet Giampietro

2 Responses to “Brooklyn’s own currency: can secession be far behind?”

  1. KingofthePaupers Says:

    Jct: When the local currency is pegged to the Time Standard of Money (how many dollars per unskilled hour child labor) Hours earned locally can be intertraded with other timebanks globally! In 1999, I paid for 39/40 nights in Europe with an IOU for a night back in Canada worth 5 Hours. You can too.
    U.N. Millennium Declaration UNILETS Resolution C6 to governments is for a time-based currency to restructure the global financial architecture.
    See on growth of the international time-trading network.

  2. janet g Says:

    Hi there:

    You certainly are enthusiastic in your quest for a time-based currency. All the best with restructuring the global financial architecture. There seem to be many like-minded people out there with you.


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