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The project attempts to disseminate and promote an alternatively organized collective economic system. This system is based on community empowerment through the creation of its own currency as part of a locally adapted economic system, confronting the disenfranchisement of the community by an economic system that encourages passives roles.
The Community Currency Fund project attempts multiple goals. One main goal is to bridge the different currencies of local economies across the United States by creating an interchangeable currency. For that reason the Floating Lab Collective has created it own currency "ëks" (exchange). The first stage will begin by disseminating the "ëks" through asking people to receive the money instead of regular dollars as members of the collective consume regular services. We will collect the receipts as proof of exchange, in that context the first stage uses the original idea by JSG Boggs.
The economic value of a dollar is based on extrinsic variables (inflation, balance of trade and investment). The value of the U.S. dollar in relation to other economies is suffering depreciation. The intrinsic value of our own currency is merely based on the premise that our currency is "an object of art" as such has as value aggregated in the artistic process, opening a dialogue about accessibility and the creative process, as an engine to resist the passive actors that consumers become in the context of an economy in decline. We will also create a new standard (like the gold standard) based on principles of participation adapted to the local resources available.
Other Community Currency Fund project premises are to archive community currency, centralize information of different local systems created (failures and successes), and create a network of communities to exchange information, produce economic information (like a financial page of the currencies across USA), micro loans, etc.
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