Local Energy – Local Currency – Local Power

[ The current monetary system is dependent on constant economic growth. So how stable will national currencies be in a post-Peak Oil world? 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 relocalisation efforts. Rob Hopkins recently explored some energy-backed local currency ideas on his transitionculture.org blog: -AF ]

I have an idea evolving in my head, and I want to put it out there for your feedback and thoughts. As the

The clever bit that came to me when listening to Bernard Lietaer last week, and then in discussion with David Boyle of the New Economics Foundation , is that once you have a company generating local energy, you have an asset that you can use to back up a local currency. The problem with many local currencies such as LETS is that they can