In what is an extremely positive development, the English city of Bristol has created its own local currency. It is called the Bristol Pound and it came into official existence for trade yesterday at 12:11pm local time. This just further solidifies what I believe is an irreversible trend toward decentralization of money away from banking cabals and corrupt government’s globally. No matter how you wish to express your contempt for crooked government/Central Bank currencies does not matter. What matters is that you do it. So go out and exchange your fiat for physical gold and silver, utilize Bitcoins in your business, or go out and create your own local currency. It is by taking action on the corrupt money system that we will regain our dignity, freedom and free markets. Alternative currencies, no matter what they may be, represent the wooden stake in the heart of financial vampires.
Personally, one thing that I am experimenting with is accepting Bitcoin donations through my website (see the menu tab below the main picture) to familiarize myself with the system. I also wrote a related article on the subject recently titled Bitcoin: A Way to Fight Back Against the Financial Terrorists?
Interestingly, ever since I started launching the remodeled website about three weeks ago, Bitcoin has surged in value by 25% from about $10 per Bitcoin to $12.50 at the moment. Not to say those gains will continue, but it is interesting nonetheless.
Anyway, without further ado, here are some excerpts about the Bristol Pound from the UK’s Telegraph:
Creators of the Bristol Pound claim that a local currency has the potential to significantly increase the amount of spending power in the region and ensure that it is channelled into local, independent businesses.
Ciaran Mundy, co-founder of the Bristol Pound, told AFP last month: “Eighty percent of the money leaves the area if it is spent with a multinational – but 80pc stays if it is spent at a local trader.”
“The perception of banking and money is that it’s a very ruthless system: people are out for what they can get,” he added. “This is about saying yes to something new. It’s tapping into a different set of values about money.”
More than 300 local shops and other businesses, including butchers, bakers and plumbers, have joined the currency. Interest in the scheme proved so strong that the launch had to be postponed from May to September.
Full article here.