Complementary currencies work in addition to existing money, rather than replacing existing, official money. There are whole different families of complementary currencies. One of them is local currencies. One is regional currencies. Another is functional currencies. Another is social-purpose currencies.

Conventional money is supposed to be doing everything. By adding in complementary currencies, you actually get different types of things and different outcomes from different complementary currencies.

GREED AND COMPETITION ARE NOT THE RESULT OF IMMUTABLE HUMAN TEMPERMENT…GREED AND FEAR OF SCARCITY ARE IN FACT BEING CREATED AND AMPLIFIED …THE DIRECT CONSEQUENCE IS THAT WE HAVE TO FIGHT WITH EACH OTHER IN ORDER TO SURVIVE

Our [American] money system is structurally brittle. It doesn't matter if you put a very clever guy or a stupid guy at the wheel. The clever guy will take a half hour to have an accident, and the stupid guy will take ten minutes.

When the banks create the money, they don't create the interest. They send you into the world to compete with everybody else to get the second $100,000 that never was created and bring it back to them. So if we're in a world with zero-growth population, goods, services, and money, the problem would be obvious.

The direct consequence is that we have to fight with each other in order to survive.

Money is created through bank debt. When you go for a mortgage through a bank, they give you $100,000 to buy a house and basically send you out into the world to bring back $200,000 in the next twenty years. The first $100,000 is principal, and the second is interest.