Usury-Free Currency Competes with Federal Reserve Notes





Wayne Walton is a leading proponent of local currencies. He is well-known as an expert on organic money. He has also spoken extensively on the subject. Local currencies have become more popular as towns and cities try to keep local business thriving. Instead of relying on dollars printed by the Federal Reserve, locales around the country are trying to keep their economies local. Such private monetary systems are sometimes called organic currencies. Supporters of private money say their currencies are created without debt. Critics say such plans can be dangerously unstable. One of the towns adopting a local form of monetary exchange is the college town of Ithaca, New York. The home of Cornell University is also the location of Ithaca Hours. This currency has been highly successful. It is now accepted by over 900 local vendors. This program is now the model of the new Mountain Hours being introduced in Summit County, Colorado. Walton is our guest on the show today. LIVE: http://NextNewsNetwork.com Facebook: http://Facebook.com/NextNewsNet Twitter: http://Twitter.com/NextNewsNet Sub: http://NNN.is/the_new_media Meet the Next News Team: http://youtu.be/2QnNKwQ2WkY Hashtag: #N3 About: Next News Network's WHDT World News program airs daily at 6pm and 11pm Eastern on Comcast, DirecTV and Over-the-Air and Online at http://NNN.is/on-WHDT WHDT World News is available to 6 million viewers from South Beach to Sebastian, Florida and to 2 million viewers in Boston, Massachusetts via WHDN. WHDT broadcasts on RF channel 44 (virtual channel 9) from Palm City and is carried on cable TV channels 44 (SD) and 1044 (HD) by AT&T, on cable channels 17 (SD) and 438 (HD) in West Palm Beach by Comcast, on satellite channel 44 (SD) in West Palm Beach by DIRECTV, and on WHDN-Boston which broadcasts on RF channel 38 (virtual channel 6) from the Government Center district in downtown Boston. More about WHDT: http://en.wikipedia.org/wiki/WHDT #NNN



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