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Amikas' Local Currency - Common Cents (cą) If we want to actually solve the problem of people having no place to live, we need to look at the root causes. One reason there is such an explosion of people without housing is that we are in the throws of a severe economic crisis. While our government has bailed out the banks, this has failed to address the scarcity of money, credit and jobs on Main Street. We need to be willing to rethink traditional ways of looking at community development, business and money and try alternatives that will get us through this crisis and perhaps even set us in a while new economic direction where the economy of our communities is not at the mercy of the greed and gambles of Wall Street.
We are currently working on developing a local currency to use in San Diego, not just within Amikas, butextending out to the larger community. This currency system is based on a mutual credit system. It will be entirely digital, working similar to a debit card, that traders can use by swiping in a hand-held reader or logging on to the Amikas website.
Click to see a general overview of what we are planning.
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