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The Crime of Alleviating Poverty: A Local Community Currency Battles the Central Bank of Kenya
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Posted on June 28, 2013 by Ellen Brown
Former Peace Corps volunteer Will Ruddick and several residents of Bangladesh, Kenya, face a potential seven years in prison after developing a cost-effective way to alleviate poverty in Africa’s poorest slums. Their solution: a complementary currency issued and backed by the local community. The Central Bank of Kenya has now initiated charges of forgery.
Complementary currencies can help eradicate poverty.
Proving that may be difficult in complex economies, due to the high number of factors influencing outcomes. But in an African slum with little of the national currency available, supplying residents with an alternative currency has a positive effect that is obvious, immediate and incontrovertible....
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The Crime of Alleviating Poverty: A Local Community Currency Bat
This is a new concept to me, that I need to study closely before preaching the same message, though it sounds promising to poverty alleviation at grass root level, any person at the begining will have questions such as how about Tax evasion, counterfeit crimes and what is the real benefit of the inventor! Perseverance as long as it is for a good purpose always pays.Keep moving good lasting things dont start with an easy road!TjiveeNamibia, Windhoek