Communities deciding to produce their own money

Whilst the whirlwind around the future of the UK banking industry continues
Osborne Seeks To Alter Debate Over RBS Value
Deutsche, Barclays & RBS downgraded by S&P - FT.com
HSBC to cut up to 8,000 UK jobs and rebrand British branches | Reuters

... there are still questions about the fundamentals:
Futures Forum: The nef > 'transforming RBS into a network of local banks'

One notion is local banks:
Futures Forum: Royal Bank of Bradford

Another is local currencies:



Futures Forum: Exeter Pound: vote for your favourite designs

In the years immediately after the First World War in Germany, cities began issuing their own bank notes to provide 'emergency' money:



BBC Radio 4 - Germany: Memories of a Nation - Emergency money, inflationary banknotes and Nazi propaganda

In the midst of this economic chaos, as observed by the former Govenor of the Bank of England, "communities decided to produce" their own currencies:

Germany: Memories of a Nation - Neil MacGregor - Google Books

Later in Austria just after the Great Crash in the 1930s, a town was making even bolder experiments:
Futures Forum: An Exeter Pound and the Woergl: 'complementary' and 'interest-free' currencies

Of course, money is just debt:
Futures Forum: An Exeter Pound: What came first: money or debt? ......... David Graeber's "Debt: The First 5000 Years"
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