posted Nov 8, 2012, 7:46 PM by Ania Moniuszko
Thursday, November 15th at 7pm! TransitionSF is pleased to be hosting the launch of Bay Bucks.
The effort to build a complementary currency for San Francisco Bay Area has been launched. Our goal is to usher in a new age of economic justice and local resilience by working to have 1% of all local economic activities done in Bay Bucks, and then gradually increase it to 5% and 10%. It will impact everyone.
Come to hear our plans and volunteer to make it a reality.
A key goal of the Transition movement is to usher in a sustainable and just economy. Such a new economy requires a new monetary system - one that does not dictate unlimited and exponential growth in order to stay afloat. But how can we get there? What might such a monetary system look like?
Bay Bucks is by design a 0% interest rate currency so that its use will not lead to exponential growth pressure, nor will it be a mechanism to transfer wealth from the have nots to the haves. It will be rolled out in 3 phases:
Phase 1 is for business-to-business (B2B) use. This phase is to help local sustainable business thrive and grow, and to help re-localizing our economy.
Phase 2 is for business-to-consumer (B2C) use. This phase is to enable people to move our spending to sustainable local businesses to ensure that wealth stays in the local community.
Phase 3 is for consumer-to-consumer (C2C) use. This phase will enable everyone to pay each other in Bay Bucks.
This talk will cover the impact of Bay Bucks, how it can help local businesses thrive and grow, and what you can do to help. It will also include training for volunteers to let you start making it a reality straight away.
***** Meet the Presenters ******
Chong Kee Tan had been an activist for more than 15 years, working in the area of Asian democracy, press freedom, censorship, and after coming to the United States, in the area of equal rights and sustainability. He is also a tech entrepreneur, and a website he founded became the subject of study in the book "Contentious Journalism And the Internet: Towards Democratic Discourse in Malaysia And Singapore" (U of Washington Press 2006). After the 2008 financial crisis, he started studying our financial and monetary systems and came to realize that many of the most pressing problems facing the world today can be traced to them. He started Bay Bucks as a TransitionSF project in the hope of address these problems and making SF Bay Area more resilient. Chong Kee received his BA (Hons) in Computer Science from Cambridge University and his PhD in Chinese Literature from Stanford University.
Kendra Shanley has a background in Biology and International Health Sciences. After completing her MS in Parasitology in London, she moved to the Bay Area and worked in STD/HIV prevention & public health research for several years. During this time, she became increasingly concerned for the future of our communities in the face of environmental degradation and a faltering economy. Transition SF led her to attending a workshop with author Charles Eisenstein in Berkeley in December 2011, after which she decided to quit working in public health in order to build a local currency and become active in the urban agriculture movement. After meeting Chong Kee earlier this year, she found a dedicated parter with whom to start Bay Bucks, and together they look forward to launching the Bay Area complementary currency in early 2013.
What: Bay Bucks Launch with Volunteer training at 8:30
When: Thursday, November 15th, 7-9pm Where: In the Gazebo Room at CPMC Davies Campus, Castro Street between Duboce Street & 14th Street in San Francisco