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In Times of Crisis, Why Not Create Your Own Currency?

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In light of the Greek referendum and the “No” vote, Greece’s financial system is uncertain to say the least. 11 million people face, at best, a highly volatile period until the banking and financial system is consolidated and can establish a clear direction as to what currency and system of exchange will be used. While we wait and see whether the European Central Bank will be forthcoming with emergency aid to Greek banks, it is worth exploring alternatives to the current situation. In times of crisis such as this people start to reassess current models and mediums of exchange, as national currencies either become worthless or redundant. When a currency completely fails and people lose faith and trust in national currencies, alternative currencies come into their own.

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Alternative Currencies to the Rescue

Alternative currencies, also known as community or complimentary currencies, are mediums of exchange used as an alternative to national or multinational currency systems. They can be created by an individual, corporation, or organizations, and used either in conjunction with or as a substitute for local, state, or national currencies. Most complementary currencies are developed as local currencies and are limited to certain regions. Throughout history there have been numerous alternative currencies, globally today it is estimated there are at least 4,000 in use. (1)

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The idea behind local currencies is to facilitate trade, keeping the flow of money within local communities. This helps establish an internal trade barrier, as the currencies are useless outside the city or region of issue. Local currencies are not backed by national governments and are strictly intended for use in a specific geographic area. Bitcoin is an example of an alternative currency which allows owners to make transactions without going through a financial intermediary such as a bank. As well as no (or minimal) transaction fees, Bitcoins can be used to purchase goods and services anonymously through various merchandisers without being tied to any currency. Rob Hopkins, founder of the Transition movement, suggests the current monetary system is dependent on constant economic growth: “Instability and loss of faith in national currencies could lead to economic paralysis, potential resources and labour going to waste simply because of a lack of reliable trading systems. Local currencies can provide solutions while stimulating local trade and re-localization efforts.” (2)

Berkshares – A Real World Example of an Alternative Currency

Dubbed a “great economic experiment” by The New York Times, BerkShares are a local currency for the Berkshire region of Massachusetts. Federal currency is exchanged for BerkShares at seven branch offices of four local banks and spent at more than 400 locally owned participating businesses. The circulation of BerkShares encourages money to remain within the region, building a greater affinity between the local business community and its citizens. BerkShares serve as a tool for community economic empowerment and development toward regional self-reliance. The currency distinguishes between the local businesses which accept the currency from those that do not, fostering stronger relationships between the responsible business community and the citizens of the region.

Anyone in the Berkshire Region may spend BerkShares or accept BerkShares for payment. BerkShares can be obtained at participating bank branches in exchange for U.S. dollars at a rate of 95 cents per BerkShare. These federal dollars remain on deposit at the BerkShares Exchange Banks in order to allow citizens to redeem them for dollars at the same exchange rate. For example, 95 dollars yield 100 BerkShares and 100 BerkShares yield 95 dollars. BerkShares can be spent at face value to pay for the goods or services offered by participating businesses—for example, 10 BerkShares can be used for a $10 purchase. Every business listed in the BerkShares Directory and displaying the “BerkShares Accepted Here” sign has committed to taking full or partial payment in BerkShares. (3) The circulation of BerkShares encourages money to remain within the region, building a greater affinity between the local business community and its citizens. BerkShares serve as a tool for community economic empowerment and development toward regional self-reliance.

Alternative Currencies Keep Money Circulating in Local Economies

Under the current high energy, long supply chain globalized model of economics, we see an outflow of funds from local communities to centralized hubs where wealth is concentrated. This centralization results in loss of circulation of funds within local communities and a further concentration of wealth to a few. Liquidity escapes from the local system by means of debt funding. When debt is repaid, often to larger centralized financial intermediaries controlled by shareholders, this creates a vacuum. Funds are removed from local economies and distributed to remote lenders who usually have little or no connection and involvement in the local community.

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Re-localization is often cited as a primary objective of local currencies. The Bristol Pound, launched in 2012, states their key objectives as supporting local independent traders (“keep our High Street diverse and distinct”), and boosting the local economy, since “spending Bristol Pounds stops money leaking from the area.” These are objectives shared by all local economies (and arguably by any sub-economy with an identifiable identity such as a developing country). (4)

Decentralization of Currency

Unlike traditional currencies issued by governments or central banks, the potential advantages of this kind of alternative currency is in its decentralization. The lack of faith in both central banks and financial institutions will help promote a gradual shift in the way we manage and store value, hence it is likely we will see more local and alternative currencies popping up.  There are currently thousands of local currencies in circulation around the world outside the national money supply, from Africa, through Asia to Oceania, to Europe to North America. Various communities have taken a stand and established successfully working local currencies. Other communities are experimenting with the idea to help exert greater control over their economies. Local currencies help build support, community, and resilience by fostering re-localization. While alternative currencies are not a cure all, they do enable local communities to continue to exchange and transact when national currencies fail.

Article compiled by Andrew Martin, editor of onenesspublishing  and author of Rethink…Your world, Your future.

RethinkcoverCE2Source: excerpts from Rethink…Your world, Your future.

(1) http://www.hillsdale.edu/document.doc?id=1987

(2) http://www.resilience.org/stories/2006-01-30/local-energy-local-currency-local-power

(3) http://www.berkshares.org/how_to_spend

(4) http://www.resilience.org/stories/2012-02-17/challenge-re-localisation

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Abductions & Car Vandalism – Startling Australian UFO Report Unclassified

Gautam Peddada

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An uncovered Australian report performed by their Department of Defence. “Scientific Intelligence — General — Unidentified Flying Objects” is trending again. Those who have done extensive research on UFOs will find the Australian version of disclosure to be far more intellectually honest than the American version. Albeit it was conducted decades ago.

According to ex-US intelligence official Luis Elizondo, the Defense Department’s Inspector General is presently conducting three reviews. The inquiries vary from the Department of Defense’s handling of UFO claims to Elizondo’s alleged whistleblower retribution. The open IG cases are crucial to Australia’s report because they establish beyond a shadow of a doubt that the US Department of Defense is being dishonest and shady when it comes to the UFO subject. For decades, Australia has been a loyal friend of the United States. Within Australia’s boundaries, they share a military installation (Pine Gap). When a close defense ally’s intelligence agencies determined that the US was not being intellectually honest in its approach, perhaps it is reasonable to conclude that there is more to the tale than the 144 incidents studied since 2004 by the UAPTF.

The CIA became alarmed at the overloading of military communications during the mass sightings of 1952 and considered the possibility that the USSR may take advantage of such a situation.

Australian UFO study.

According to the summary, OSI, acting through the Robertson-Panel, encouraged the USAF to use Project Blue Book to publicly “debunk” UFOs. In a tragic twist of fate, when Australian authorities sought explanations from the US Air Force, the allegation was debunked. The authors of the study were depicted as conspiratorial and even crazy by the US Air Force. Ross Coulthart reported this, and it may be heard in a recent Project Unity interview. Courthart is an award-winning investigative journalist who is drawn to forbidden subjects. He also stated on the same podcast that a senior US Navy official identified as Nat Kobitz told him that the US had been in the midst of reverse-engineering numerous non-human craft. According to his obituary, Mr. Kobitz was a former Director of Research and Development at Naval Sea Systems Command.

Continue reading the entire article at The Pulse. 

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PGA Tour To End COVID Testing For Both Vaccinated & Non-Vaccinated Players

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CE Staff Writer 4 minute read

In Brief

  • The Facts:

    The PGA Tour has announced that it will stop testing players every week, regardless of whether they have been vaccinated or not.

  • Reflect On:

    Are PCR tests appropriate to identify infectious people? Should people who are healthy and not sick be tested at all, anywhere?

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Take a moment and breathe. Place your hand over your chest area, near your heart. Breathe slowly into the area for about a minute, focusing on a sense of ease entering your mind and body. Click here to learn why we suggest this.

The picture you see above is of John Rahm, a professional golfer on the PGA tour being carted off the golf course after tournament officials told him he had COVID. He was healthy and had no symptoms, yet was forced to withdraw from the tournament. He was told in front of the camera’s, and a big scene was made out of the event. You would think something like that, especially when you are a big time sports figure, would be done behind closed doors with some privacy.

Earlier on in June a spokesperson for the PGA Tour said that more than 50 percent of players on the PGA tour have been vaccinated. Although it seems that the majority of players on the tour will be fully vaccinated judging by this statement, it does leave a fairly large minority who won’t be, and that’s something we’re seeing across the globe as COVID vaccine hesitancy remains high for multiple reasons.

We are pleased to announce, after consultation with PGA Tour medical advisors, that due to the high rate of vaccination among all constituents on the PGA Tour, as well as other positively trending factors across the country, testing for COVID-19 will no longer be required as a condition of competition beginning with the 3M Open. – PGA tour Senior VP Tyler Dennis

The tour recently announced that the testing of players every week will stop starting in July for both the vaccinated and the unvaccinated. This was an unexpected announcement given the fact that, at least it seems in some countries, vaccinated individuals will enjoy previous rights and freedoms that everyone did before the pandemic. Travelling without need to quarantine and possibly in the future not having to be tested could be a few of those privileges. Others may include attending concerts, sporting events, or perhaps even keeping their job depending on whether or not their employer deems it to be mandatory, if that’s even legally possible. We will see what happens.

Luckily for professional golfers, regardless of their vaccination status they won’t have to worry about testing positive for COVID, especially if they’re not sick. This is the appropriate move by the PGA tour, who is represented by their players and it’s a move that the players themselves may have had a say in. It’s important because PCR tests are not designed nor are they appropriate for identifying infectious people. A number of scientists have been emphasizing this since the beginning of the pandemic. More recently, a letter to the editor published in the Journal of infection explain why more than half of al “positive” PCR tests are likely to have been people who are not infectious, otherwise known as “false positives.”

This is why the Swedish Public Health agency has a notice on their website explaining how and why polymerase chain reaction (PCR) tests are not useful for determining if someone is infected with COVID or if someone can transmit it to others, and it’s better to use someone who is actually showing symptoms as a judgement call of whether or not they could be infected or free from infection.

PCR tests using a high cycle threshold are extremely sensitive. An article published in the journal Clinical Infectious Diseases found that among positive PCR samples with a cycle count over 35, only 3 percent of the samples showed viral replication. This can be interpreted as, if someone tests positive via PCR when a Ct of 35 or higher is used, the probability that said person is actually infected is less than 3%, and the probability that said result is a false positive is 97 percent. This begs the question, why has Manitoba, Canada, for example, using cycle thresholds of up to 45 to identify “positive” people?

When it comes to golf, the fact that spread occurring in an outdoor setting is highly unlikely could have been a factor, but it’s also important to mention that asymptomatic spread within one’s own household is also considerably rare. It really makes you wonder what’s going on here, doesn’t it?

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New Study Questions The Safety of COVID Vaccinations & Urges Governments To Take Notice

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CE Staff Writer 9 minute read

In Brief

  • The Facts:

    A new study published in the journal Vaccines has called into question the safety of COVID-19 vaccines.

  • Reflect On:

    Why are people hesitant to take the vaccine? Why are scientists and journalists who explain why hesitancy may exist censored?

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Take a moment and breathe. Place your hand over your chest area, near your heart. Breathe slowly into the area for about a minute, focusing on a sense of ease entering your mind and body. Click here to learn why we suggest this.

A new study published in the journal Vaccines by three scientists and medical professionals from Europe has raised concerns about the safety of COVID vaccines, and it’s not the first to do so. The study found that there is a “lack of clear benefit” of the vaccines and this study should be a catalyst for “governments to rethink their vaccination policy.”

The study calculated the number needed to vaccinate (NNTV) in order to prevent one death, and to do so they used a large Israeli Field study. Using the Adverse Drug Reactions (ADR) database of the European Medicines Agency and of the Dutch National Register (lareb.nl), the researchers were able to assess the number of cases reporting severe side effects as well as the cases with fatal side effects as a result of a COVID vaccine.

They point out the following:

The NNTV is between 200-700 to prevent on case of COVID-19 for the mRNA vaccine marketed by Pfizer, while the NNTV to prevent one death is between 9000 and 50,000 (95 % confidence interval), with 16,000 as a point estimate. The number of cases experiencing adverse reactions has been reported to be 700 per 100,000 vaccinations. Currently, we see 16 serious side effects per 100,000 vaccinations, and the number of fatal side effects is at 4.11/100,000 vaccinations. For three deaths prevented by vaccination we have to accept two inflicted by vaccination. This lack of clear benefit should cause governments to rethink their vaccination policy.

The researchers estimates suggest that we have to exchange 4 fatal and 16 serious side effects per 100,000 vaccinations in order to save the lives of 2-11 individuals per 100,000 vaccinations. This puts the risk vs. benefit of COVID vaccination on the same order of magnitude.

We need to accept that around 16 cases will develop severe adverse reactions from COVID-19 vaccines per 100,000 vaccinations delivered, and approximately four people will die from the consequences of being vaccinated per 100,000 vaccinations delivered. Adopting the point estimate of NNTV = 16,000 (95% CI, 9000–50,000) to prevent one COVID-19-related death, for every six (95% CI, 2–11) deaths prevented by vaccination, we may incur four deaths as a consequence of or associated with the vaccination. Simply put: As we prevent three deaths by vaccinating, we incur two deaths.

The study does point out that COVID-19 vaccines are effective and can, according to the publication, prevent infections, morbidity and mortality associated with COVID, but the costs must be weighted. For example, many people have been asking themselves, what are the chances I will get severely ill and die from a COVID infection?

Dr. Jay Bhattacharya, MD, PhD, from the Stanford University School of Medicine recently shared that the survival rate for people under 70 years of age is about 99.95 percent. He also said that COVID is less dangerous than the flu for children.  This comes based on approximately 50 studies that have been published, and information showing that more children in the U.S. have died from the flu than COVID. Here’s a meta analysis published by the WHO that gives this number. The number comes based on the idea that many more people than we have the capacity to test have most likely been infected.

How dangerous COVID is for healthy individuals has been a controversial discussion throughout this pandemic, with viewpoints differing.

Furthermore, as the study points out, one has to be mindful of a “positive” case determined by a PCR test. A PCR test cannot determine whether someone is infectious or not, and a recent study found that it’s highly likely that at least 50 percent of “positive” cases have been “false positives.”

This is the issue with testing asymptomatic healthy people, especially at a high cycle threshold. It’s the reason why many scientists and doctors have been urging government health authorities to determine cases and freedom from infections based on symptoms rather than a PCR test. You can read more in-depth about PCR testing and the issues with it here if you’re interested.

When it comes to the documented 4 deaths per 100,000 vaccinations and whether or not it’s a significant number, the researchers state,

This is difficult to say, and the answer is dependant on one’s view of how severe the pandemic is and whether the common assumption that there is hardly any innate immunological defense or cross-reactional immunity is true. Some argue that we can assume cross-reactivity of antibodies to conventional coronaviruses in 30–50% of the population [13,14,15,16]. This might explain why children and younger people are rarely afflicted by SARS-CoV2 [17,18,19].

Natural immunity is another interesting topic I’ve written in-depth about. There’s a possibility that more than a billion people have been infected, does this mean they have protection? What happens if previously infected individuals take the vaccine? What does this do to their natural immunity? The research suggesting natural immunity may last decades, or even a lifetime, is quite strong in my opinion.

There are also other health concerns that have been raised that go beyond deaths and adverse reactions as a result of the vaccine.

As the study points out,

A recent experimental study has shown that SARS-CoV2 spike protein is sufficient to produce endothelial damage. [23]. This provides a potential causal rationale for the most serious and most frequent side effects, namely, vascular problems such as thrombotic events. The vector-based COVID-19 vaccines can produce soluble spike proteins, which multiply the potential damage sites [24]. The spike protein also contains domains that may bind to cholinergic receptors, thereby compromising the cholinergic anti-inflammatory pathways, enhancing inflammatory processes [25]. A recent review listed several other potential side effects of COVID-19 mRNA vaccines that may also emerge later than in the observation periods covered here [26]…Given this fact and the higher number of serious side effects already reported, the current political trend to vaccinate children who are at very low risk of suffering from COVID-19 in the first place must be reconsidered.

Concerns regarding the distribution of the spike protein our cells manufacture after injection have been recently raised by Byram Bridle, a viral immunologist from the University of Guelph who recently released a detailed in depth report regarding safety concerns about the COVID vaccines.

The report was released to act as a guide for parents when it comes to deciding whether or not their child should be vaccinated against COVID-19. Bridle published the paper on behalf of one hundred other scientists and doctors who part of the Canadian COVID Care Alliance, but who are afraid to ‘come out’ publicly and share their concerns. Byram, as many others, have received a lot of criticism and have been subjected to fact checking via Facebook third party fact-checkers.

A recent article published in the British Medical Journal by journalist Laurie Clarke has highlighted the fact that Facebook has already removed at least 16 million pieces of content from its platform and added warnings to approximately 167 million others. YouTube has removed nearly 1 million videos related to, according to them, “dangerous or misleading covid-19 medical information.”

It’s also important to note that only a small fraction of side effects are even reported to adverse events databases. The authors cite multiple sources showing this, and that the median underreporting can be as high as 95 percent. This begs the question, how many deaths and adverse reactions from COVID vaccines have not been reported? Furthermore, if there are long term concerns, will deaths resulting from an adverse reaction, perhaps a year later, even be considered as connected to to the vaccine? Probably not.

This isn’t the only study to bring awareness to the lack of injuries most likely not reported. For example, an HHS pilot study conducted by the Federal Agency for Health Care Research found that 1 in every 39 vaccines in the United States caused some type of injury, which is a shocking comparison to the 1 in every million claim. It’s also unsettling that those who are injured by the COVID-19 vaccine won’t be eligible for compensation from the Vaccine Injury Compensation Program (VICP) while COVID is still an “emergency”, at least in the United States.

Below is the most recent data from the CDC’s Vaccine Adverse Events Reporting System (VAERS). Keep in mind that VAERS is not without its criticism. One common criticism we’ve seen from Facebook fact-checkers, for example, is there is no proof that the vaccine was actually the cause of these events.

A few other papers have raised concerns, for example. A study published in October of 2020 in the International Journal of Clinical Practice states:

COVID-19 vaccines designed to elicit neutralising antibodies may sensitise vaccine recipients to more severe disease than if they were not vaccinated. Vaccines for SARS, MERS and RSV have never been approved, and the data generated in the development and testing of these vaccines suggest a serious mechanistic concern: that vaccines designed empirically using the traditional approach (consisting of the unmodified or minimally modified coronavirus viral spike to elicit neutralising antibodies), be they composed of protein, viral vector, DNA or RNA and irrespective of delivery method, may worsen COVID-19 disease via antibody-dependent enhancement (ADE). This risk is sufficiently obscured in clinical trial protocols and consent forms for ongoing COVID-19 vaccine trials that adequate patient comprehension of this risk is unlikely to occur, obviating truly informed consent by subjects in these trials.

In a new research article published in Microbiology & Infectious Diseases, veteran immunologist J. Bart Classen expresses similar concerns and writes that “RNA-based COVID vaccines have the potential to cause more disease than the epidemic of COVID-19.”

For decades, Classen has published papers exploring how vaccination can give rise to chronic conditions such as Type 1 and Type 2 diabetes — not right away, but three or four years down the road. In this latest paper, Classen warns that the RNA-based vaccine technology could create “new potential mechanisms” of vaccine adverse events that may take years to come to light.

There are a plethora of reasons why COVID vaccine hesitancy has been quite high. I wrote an in-depth article about this in April if you’re interested in learning about the other reasons.

Conversations like this are incredibly important in today’s climate of mass censorship. Who is right or wrong is not important, what’s important is that discussion about the vaccine and all other topics remain open and transparent. The amount of experts in the field who have been censored for sharing their views on this topic has been unprecedented. For example, in March, Harvard epidemiologist and vaccine expert Dr. Martin Kulldorff was subjected to censorship by Twitter for sharing his opinion that not everybody needed to take the COVID vaccine.

It’s good to see this recent study point out that the benefits of the vaccine, for some people, may not outweigh the potential costs.

Dive Deeper

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Our new course is called 'Overcoming Bias & Improving Critical Thinking.' This 5 week course is instructed by Dr. Madhava Setty & Joe Martino

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