The Totnes Pound: The future of money

April 12th, 2008

As the fiat currencies collapse, people will turn to new, unassailable currencies like the Guernsey Pound and the Totnes Pound

In response to the massive interest generated by the distribution of 300 Totnes pounds Transition Town Totnes (TTT) are issuing 5000 Totnes Pounds, supported by Schumacher College and Totnes and District Chamber of Commerce.

The new issue of the Totnes Pound will be launched at the Schumacher College Open Evening on 20 June. Wolfgang Sachs, acclaimed German researcher and writer on the environment and development will be presenting at the Open Evening as part of a series of lecturers by teachers on the Schumacher College course ‘The New Economics: From growth to well-being’.

The first ‘edition’ of the Totnes Pounds, endorsed by Anthony Steen MP, was put into local circulation to launch the Transition Town Totnes Economics and Livelihoods group on Wednesday 7th March. The Pound was originally inspired through an alternative economics course at Schumacher College.

Eighteen outlets signed up to the Transition Town Totnes Pound pilot. The target for the second phase is 50 outlets. The project team monitored the use of the Pound up until 1st of June, the official end of the pilot, and have decided to begin a new phase of the project, including the issuing of a new note, due to the success of the original circulation.

The organisers aim to engage many more people with the second issue of the Pound and challenge the notion of the role of money and currency in local economic systems. This is part of a wider strategy of TTT and the courses at Schumacher College of encouraging a re-examination of social systems and the practice of new ways of engaging the community in the local economy, reducing our dependence on large-scale national and international production and trade and massive carbon dioxide production.


read more about it here, and here is another town launching its own currency. Watch this documentary for an explanation about why you will be spending ‘London Pounds’ or ‘Manchester Pounds’ in the near future.

Before I finish this post, let us put to bed the nonsense about ‘reducing carbon dioxide production’. Anyone who studied Photosynthesis in school will know that plants thrive on C02. You will also have done the experiment where two nearly identical potted plants are placed in sealed jars, one fed pure C02 from a bottle the other fed air from the classroom via a pump. The plant that is fed C02 grows at a higher rate than the one being fed classroom air.

Carbon Dioxide helps plant growth. That is a fact. C02 is not a ‘threat to the environment’. Dope growers buy it to help them grow better dope. Maybe the environmental loonies should smoke some of this C02 enhanced dope; they might talk more sense when they are completely stoned:

Now Available as Optional Equipment
for Experienced Growers.
This unit can be shipped with a C02 system
with some huge benefits…

Tank not included

These C02 Enrichment Systems feature an accurate, easy to adjust C02 flow meter, a preset regulator that never needs adjusting, a solenoid valve and complete instructions. This Hydrofarm C02 Injection System attaches to any standard C02 tank (available at any welding or beverage supply store) and includes a timer, regulator, solenoid, and a flow gauge. Includes C02 tubing with holes, and is pre-mounted to the interior ceiling of your mini-stealth growing chamber. Utilizing the Drip Ring Method a nylon “T” ring is mounted to the ceiling of the growing environment with tubing that disperses C02 evenly as it drops evenly down over the garden!

Carbon Dioxide Enrichment will dramatically increase the growth of green plants. Green plants use carbon dioxide ( C02 ) and water in the presence of light to synthesize organic compounds. The plant then converts these organic compounds into elements that it can use (food). This process is called photosynthesis. If any of these ingredients ( C02, water or light ) are at levels below what the plant can use for maximum efficiency, it will only be able to perform at that level and no greater. Adding carbon dioxide to a growing environment that is not receiving proper nutrients or is low on light will not produce the desired results. Similarly, plants that are receiving plenty of sunshine and nutrients will only perform as well as the ambient level of C02 will allow. The ambient level of C02 in the earth’s atmosphere is generally between 300 and 600 ppm. Most plants receive far more water and energy in the form of sunshine than they can use. Increasing the C02 in the growing area will let the plant use the excess water and energy that is stored in the leaves. The result is a substantial increase in the growth rate of any plant that uses chlorophyll in the process of photosynthesis. Enrichment should commence at sunrise or when photoperiod begins and refrain during darkness hours. The average C02 level that is recommended is 1000 to 2000 parts per million (PPM).

The included timer can be used to set the intervals that the C02 will be released at, and it allows you to turn off C02 during the “night” period, when it is not needed.


and further:

A typical C02 setup includes (from right to left) a large tank, adjustable pressure reducing regulator and flow meter. C02 is tricky to manage, as a result, it is generally not recommended for beginners although the rewards can be up to 40% more mass at harvest time according to recent studies.

As your plants “breathe” C02 and “exhale” O2, the balance of these two critical gases begins to shift. In nature, this exchange fits in perfectly as animals “breathe in” O2 and “exhale out” C02. Of course, a perfect world this is not. Modern industry and the burning of fossil fuels has somewhat “unbalanced” this effect. However, in your greenhouse or grow room, you will need to help your plants breathe by supplying a constant exchange of fresh air, which by nature contains about 2% C02. If you have already employed a thermostat and humidistat in combination with a vent fan, there is a good possibility that these two mechanisms will provide a good exchange of fresh air. However, if your fan is not operating frequently enough, you may be starving your plants of their most important atmospheric gas, C02.

Generally speaking, it is best to exchange the entire contents of your growing area about once an hour during daylight hours. To do this efficiently, you can use a fan that either runs continuously at a slow speed, or a fan that runs at high speed in short bursts. To determine the size of the fan that is necessary, simply multiply the length of your growing area by its height and then by its width. This number (use feet as a measurement unit) will be the Cubic Feet of your area. When buying a fan, you will notice that they are sold according to “Cubic Feet per Minute,” or CFM ratings. What this means is the amount of air this particular fan will move in one minute. Therefore, if your greenhouse or growing room is 10 feet x 10 feet x 8 feet, that’s a total of 800 Cubic Feet. You will need an 800 CFM fan to exchange the air in the entire greenhouse in one minute. That’s a big fan and you certainly don’t need to move it all out in just a minute’s time. I would suggest using a 100 CFM fan and running it for 4 minutes every half hour. You can do this with a cycle timer.


My emphasis.

By all means, take a look at all the people who use C02 as a tool to enhance plant growth. On an earth that has an increasing amount of C02 in the atmosphere, we can expect bigger, faster plant growth and more 02 production. C02 is not a problem gas, it is absolutely crucial to life on this planet, and the production of it does not need to be regulated.

Every schoolchild knows this.

Does this mean that pollution is OK?, of course not; pollution and waste are real problems. What everyone must not do however, is drink the Kool-Aid and repeat like lemmings that ‘C02 is bad’.

Now, back to the Totnes Pound.

This money, and the other monies that are coming, will be inflation free money; they will exist only as a means to facilitate exchange. It is a long and complex subject, and the documentary linked above explains it well. One fact demonstrates how important these currencies will become. Benjamin Franklin said that that the real reason the revolution happened was the Colonial Scrip and, “The refusal of King George to operate an honest colonial money system which freed the ordinary man from the clutches of the manipulators was probably the prime cause of the Revolution”.


7 Responses to “The Totnes Pound: The future of money”

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