Text Size: Zoom In

Neighborhoods Consider Printing Local Money

Saw an interesting news report this morning that talked about neighborhoods that are considering printing their own money. Erika Slife of the Chicago Tribune.com writes,

“Residents from the Milwaukee neighborhoods of Riverwest and East Side are scheduled to meet Wednesday to discuss printing their own money. The idea is that the local cash could be used at neighborhood stores and businesses, thus encouraging local spending. The result, supporters hope, would be a bustling local economy, even as the rest of the nation deals with a recession.”

The article goes on to say that “local money” is not a new idea and that during The Great Depression scores of communities relied on their own currencies.

Am not suggesting that we are, or are not, sliding into a depression. But the article struck me as an example of a creative idea of how people survive in tough times. It’s probably also an example of the kind of good thing that happens when, after a blizzard or other paralyzing condition , neighbors become neighbors.

Could even be an example of the Joseph principle: “You meant evil against me; but God meant it for good” (Gen 50:20). Or, by application–circumstances we wouldn’t wish on an enemy become an opportunity for God to bring about something better than we could have imagined.

Or… could remind us of the Body whose members never say, “I don’t need you”  (1Cor 12:12-27).

Am guessing most of us would agree that one of the good things about bad times is that issues that otherwise tend to divide us become less important than helping one another survive–in body, and spirit.


Vote on whether you think this post is something you'll be thinking about:
Vote This Post DownVote This Post Up (+31 rating, 32 votes)
Loading...
20 Comments »

20 Responses to “Neighborhoods Consider Printing Local Money”

  1. SFDBWV says:

    Mart, your information was right. But “Chinky Tink” as it was called here, was around long before the Great depression. Coal companies paid their miners with money they had made. Most I’ve seen were coins. Also Lumber companies did the same.

    The company money was only good at the company store. Where there was no price compitition.

    The fact remained that this money enabled the worker to buy neccessities but at higher prices and only at the company owned store. It was like a slavery with a phoney paycheck.

    Try and buy a train ticket out of town, with that kind of money.

    Somewhere in the activity of Commerce though a money recognised outside the community had to back up the economy of a local currency. In the matter here of course it was the companies trade in coal or lumber that financed the venture. I believe it was the Roosevelt administration that prohibited the practice and brought real money to impoverished areas.

    I’ve explained before, the community I live in survived the Great Depression, and did so by people helping people. Community gardens. But the generation who overcame the Great Depression is about gone and I fear this generation may not be up to the task.

  2. SFDBWV says:

    Wanted to add that You Mart are also correct in that “bad” times or disaster can bring people together and can be a good healer. But it can be very destructive too.

    When Katrina washed away New Orleans we all watched as the jungle mentality overtook people and lawlessness and anarchy followed.

    I feel as many of us have expressed in simalar and differing ways that when trouble or disaster comes on us, the real person emerges.

    Calamity can cause some to get down on their knees and recognize their need for God. For others they curse God and look for a worldly way out.

    The world is in trouble. Our only hope can be found in Jesus Christ and His truths. But the world will not seek HIM the world will seek the Anti-Christ and he will be found. Israel rejected God and prefered a King. The world has rejected God and will reap the consiquence of a Godless society.

    I want to remain upbeat and possitive, but it’s difficult to do so today. I will do all I can to be of use and of help to my neighbors. And pray for us all.

  3. BruceC says:

    For both the believer and non-believer, trouble is the furnace that eventually we all find ourselves in; in one form or another. When the heat gets turned up either pure gold or slag comes to the top. Some unbelievers have found Christ through trouble while others became bitter. Some Christians are drawn closer to God while others get “let down” because He didn’t do what they expected and in turn give up on God. I’ve seen both as I’m sure any other old geezer around here has.

  4. Gena says:

    I saw the same report this morning and understand it was described as a gift certificate. I would need more information to understand how this “money” was to be used, but as SFDBWV pointed out… the idea seems rooted to the same principle as slavery. Could another way to look at this idea is to go back to the Word and draw upon “Faith without works is dead” and tie it somehow to the aforementioned Joseph principle? I know of a couple many years ago who found themselves unemployed, so they volunteered at a food bank where in exchange for X number of volunteer hours, they were able to take home food from the bank. People are very creative when it comes to coming up with solutions in times of crisis. I would like to think that the technology age hasn’t totally disabled our abilities to think outside the box!

  5. SFDBWV says:

    BruceC, I like the comparison of the furnace. i have a little booklet here that compares God to the master metallurgist. Always turning up the heat then drawing off the slag. So when the gold is ready and only the master knows when, it’s ready and finished.

    It’s funny how often we want to get out of the fire too soon. Unfinished

  6. refump says:

    As I look back on my life the verse that has always carried me through the tough times is God’s promise in Rom. 8:28 “And we know that all things work together for good to those who love God, to those who are the called according to His purpose.” The “working together for good” may not be what I had in mind but it is what God had in mind & I either trust Him or I don’t. That’s not to say I never go kicking & screaming but as I grow in knowledge of Him those spiritual “tantrums” don’t seem to last as long!

  7. poohpity says:

    I really do not believe we can compare our times now with the Great Depression because there is to much surplus out there. We throw away more everyday than what was available then. The great depression maybe the way we feel because we can not have everything we WANT. I do not believe we will go without our needs. I think we will have to learn all over what is really important to us and depend on our provider. This could be the greatest thing that has happened to America. We may go back to the Great Dependence.

    There will always be those who use this time for self indulgence and profit. The Lord says to those who overcome we will see the kingdom of God and only good will come but to those who are self serving there is a place under the earth where there is no fire to purify.

  8. rokdude5 says:

    I dont think it would be a good idea for any community to print its own money. I do think that there are federal laws prohibiting people from doing so. Of course bartering is another approach.

    I do think that like refump, God allows tough times so that we will become closer to Him AND those around us. Its interesting to me that some of the “positive” things that happened with the high gas prices were less people were dying on the road, more people became healthier by walking or biking and less pollutions were thrown into the atmosphere plus more and more folks car-pooled.

    Though its tough to afford such things but all the grocery stores have food. Just about all of us have clothes and a roof over our heads. I wonder that perhaps I was borned into this time instead of days of old is because God knows Im such a “softy”. I keep in mind how God put such a heavy hand on those in Biblical times with slavery, famine and pestilents.

    This time of year, I think of a young girl who found herself pregnant. She had to leave her home town in order to deal with the “scandel”. Ride a burro a long way over rough terrain which probably was not “comfortable” only to find that she has to give birth in a stinky, bug-infested barn. Then after the birth which probably was exhausting to her, have unexpected guests arriving at her door. Yet she “marvels” about it all!

  9. sitsathisfeet says:

    A few years ago I was speaking to our young pastor about some charitable work someone was doing and I was challenged to think about his response. He said we can do no good thing apart from Christ. And indeed are works or deeds are to be an outgrowth of our relationship with Christ. Without Faith our. works are dead. My prayer is that many people around the world will hear the word, accept the Lord as their Savior and their acts of charity and mercy will be an outgrowth of that relationship. I thank you Lord for coming to this earth in the form of a man, yet sinless and Divine to take upon yourself our sins, and saving us from eternal death and attoning and restoring our relationship with God. This is truly the greatest gift!

  10. SFDBWV says:

    Deborah (poohpity), I totaly agree with you in that we cannot compare the Great Depression with today. I find it interesting that the figures news sources give say that this economic downturn is like it was in the 1970’s. Gee I guess I was too busy working and finding work then, to notice we were in the economic catastrophy likend to now.

    There have been several economic depressions recorded in our small and limited history as the USA. We survived them all. We will survive this economic trouble as well. If it be God’s will to do so.

    It’s funny to me to read real peoples histories. You know the kind of thing that people like us on this blog write. Not the edited and official writings.

    Almost as far back as I can find to read about people in society. The older generation didn’t have confidence in the younger. I laugh because when I was younger old people didn’t know nothing. Now that I’m older young people don’t. I guess I am normal afterall.

    People have to face every challange with the attitude that we can overcome it. And being Christian we have the advantage of believing God will help us to do so.

    The Great Dependence…..I like that.

  11. Mart De Haan says:

    SFDBWV,
    Your first comment about the “Chinky Tink” of the mine and lumber is such good background and explanation. Thank you. Must be the story behind Tennessee Ford’s 1955 song “Sixteen Tons.” Found it again on Youtube.com at:

  12. wretch-like-me says:

    There is wisdom and truth in all that has been shared today.

    Our God is a Jealous God. He disciplines those He loves and seeks to draw each of us closer by whatever means is best for each of us. He is the perfect Father who knows each of us intimately. He wishes for us to know Him as intimately. One day that will happen for those who surrender to Him.

    His wish is that none should perish. However, He also knows that surrender is a voluntary act on our part. As the All-knowing All-Mighty Perfect One, He realizes that while many are called, few will respond. It is a sad fact that too few of us grasp.

    Those of us who have surrendered can take comfort in knowing that we have a secure place in Him despite the ‘testing’ we may be required to endure. We must remember that “No temptation has overtaken you but such as is common to man; and God is faithful, who will not allow you to be tempted beyond what you are able, but with the temptation will provide the way of escape also, so that you will be able to endure it.”

    Any believer who reads the last book of scripture knows what is yet to come. Perhaps tomorrow, perhaps in our lifetime, perhaps not. I submit that this economic crisis is yet another reminder that this world is temporary and our time in it fleeting. We have a mission to reach as many as possible with the Gospel of Jesus Christ.

    Again, I am reminded that Christ met physical needs as well as spiritual. It is the same today as then. The world may see us as insane to love our enemies and show them kindness. But, I believe those that can be saved will respond to exactly this kind of self-sacrificing love. Scripture says we must be as wise as serpents and meek as doves.

    When we come to a full realization of the power of Jesus in our lives, we become invincible. Nothing can stop the Will of God. Paul expressed it in these words. “For to me, to live is Christ and to die is gain.”

    “Finally, brothers & sisters, whatever is true, whatever is honorable, whatever is right, whatever is pure, whatever is lovely, whatever is of good repute, if there is any excellence and if anything worthy of praise, dwell on these things.”

  13. SFDBWV says:

    Mart, Your quite welcome. That Tennessee Ernie Ford song was a big hit in our family. I remember it well.

    My mother’s father was a union coal miner and during one of the big strikes in the early 20’s My grandfather and his family were evicted from their “company house”. My mother was a young teenager and she and her family lived in a tent. The UMWA the union set up tent cities to house their members while the strike went on.

    So not only did the coal company pay their miners with Chinky Tink they also rented houses to them as part of the miners pay.

    So Tennessee Ernie Ford said it all in his song. Bad times for them built a better tomorrow for me.

    I have so much because of the efforts of others who came before me. I must remember that. And of course remember because of the greatest sacrifice Jesus Christ made for me, I can look forward to eternity in the comfort provided for me by Our Lord.

  14. swwagner says:

    “Shall we accept good from the hand of God and not evil?” Isn’t that a question in Job? First of all, the times we have now are not hard at all compared to how they could be and have been before. I did not live during the Great Depression. However, in my life time, there have been many recessions, etc. and I can never tell any difference in my finances than when there is not a recession…I still live paycheck to paycheck no matter what they say the economy is doing.

    God is faithful to me even when I am not to Him. He comes after me when I turn down the wrong path. He goes before me and is behind me. He takes care of me in amazing ways…especially when I least deserve it. He is in control of the economy, the weather, the government, everything….nothing touches us without His permission.

    In days of need and fear, we are more connected to God and to each other…we should see challenging times as a blessing instead of a curse.

  15. violet D says:

    I am reminded of something a pastor said many years ago – “When tough times come – as a Christian – the question we should ask is not “Why me, Lord?” but “Why not me, Lord?”. We have the help of the Lord to help us through the tough times. My heart aches for all of you who have shared the tough times you’re experiencing but praise God you know where to turn for encouragement and help. The Lord has been MY help through many ‘tough times’ in my life. “I lift mine eyes to hills – from whence cometh mine help?”

  16. NDgal says:

    The Tennessee Ford video brought back memories of my grandma’s house. What a voice! I’m going to have to dig up the old Woodie Guthrie –LOL. I don’t have much to add. The Lord will provide. We do lean on each other more in hard times. I got a job offer from someone last week (out of the blue) and for whatever reason, I called the lady who had my current job before me to ask it she’d be interested in it and wouldn’t you know she had gotten laid off from the non-profit that she was working for on Friday. We are all instruments aren’t we?

  17. poohpity says:

    Mart,

    I remember awhile ago you created an article about discouragement or disappointment does it take us closer to God or cause us to grow farther from Him. I am not sure when it was. At the time I felt like other people were not living up to my high expectations of them and was becoming disappointed in them which was resulting in depression. I have grown since that was written and have found that daily looking into the heart of our Lord is the only true security I have. That was a very good article and would probably benefit some in today’s economy.

  18. SFDBWV says:

    NDgal, I love it when God is at work in lives around us and we are able to recognize HIS handywork.

    A little Tennessee Ernie Ford fact, When he was offered a National TV show he would only accept if he was allowed to sign off with a spiritual song. The Network balked at the idea and a standoff ensued.

    But Ole Pea Picken Ernie Ford stood his ground and became the first Variety show to sign off with a Christian Spiritual song.

  19. daisymarygoldr says:

    Don’t know anything about minting local money but agree that regardless of differences, hardships certainly unite people together as we seek to share and strengthen each other while striving to survive…

    Yesterday, at church we were discussing about John the Baptist asking people to repent and make way for the King. “Clean heart” was the key point and the lesson called for 7 yr-olds to share about their Christmas preparations. Obviously, the idea was to use “cleaning up the house” and emphasize the need for a clean heart. Every one was enthusiastically telling about how they were helping with decorating the tree, wrapping the gifts, baking sugar cookies, gingerbread house etc. etc. The warm animated chatter was chilled by one little boy’s heart-breaking “we are not doing Christmas this year”. For an eternal moment my adult mind blanked out as the scripted lesson plan did not include a strategy for exceptions. Looking intently into those sad pair of eyes, I asked: “what is Christmas all about?” The eyes lighted up and sadness was replaced with joy, as little Jake flung his hands into the air and shouted “Jesus!” to lead a chorus of crazy chirps- “Christmas is all about Christ” bursting across the silenced room!

    Nothing can separate us from the Love of Christ in body and in spirit… so, economic crisis or health crisis; all God’s people remain united in the joy of salvation and the gift of eternal life that nothing and no one can take away. Sometimes, we learn from the mouth of babes…

Leave a Comment

You must be logged in to post a comment.