September Movie–Money & Life–and an Orientation to Time Banking in Metrowest

We launch our Fall, 2013 season of the What Went Wrong? Film Series with a bit of a departure from our usual free movie and discussion program. We are showing a movie AND following it with an orientation and opportunity to join Time Banking, a novel, practical and transformational alternative to our broken, rigged and corrupt money and banking system (see below for more).  Bring your friends and neighbors.

When: September 16th, 7-9 p.m.
Where: Sherrill Hall (St. Paul’s Episcopal Church), 39 E. Central Street, Natick MA
Admission: FREE

Download, Print & Post Movie flyer Download

logo for the movie Money & Life that we will be screening on September 16th.
Money & Life: A documentary

The evening begins with a screening of a new documentary called Money & Life: The Story About Money That Will Change Your Life.  After the movie we invite you to participate in a presentation/orientation to Time Banking presented by the Metrowest branch of the TimeTrade Circle. Time Banking or Time Trading is a system of exchange based on the value of time– where one hour of your time is exchanged for an hour of someone else’s time– in other words in the form of  Time Dollars (see below).  It is an alternative “economy” that works outside our broken and corrupt monetary system and builds community while providing a platform for an egalitarian exchange of services.

Money & Life: Join the emerging new economy

Money & Life grapples with these questions and offers solutions:

  • How can we move beyond being merely consumers, debtors and creditors, and put money in service to what we really care about as citizens, as human beings?
  • Can we design a monetary circulation system that fosters democratic equality?
  • What does it really mean to make a living?

“MONEY & LIFE is a passionate and inspirational essay-style documentary that asks a provocative question: Can we see the economic crisis not as a disaster, but as a tremendous opportunity?  

This cinematic odyssey connects the dots on our current economic pains and offers a new story of money based on an emerging paradigm of planetary well-being that understands all of life as profoundly interconnected.  [It] takes us on a journey, from the origins of money to connecting the systemic dots on the current global financial crisis and how we got here. Most importantly, MONEY & LIFE says that we owe it to ourselves to understand the fundamentals of this technology called money in order to be effective participants in the economic transformation that is happening around us, a shift more rapid and as profound as the Industrial Revolution.” (Source: Money & Life)

 Time Banking

How does it work?

“Our timebank is primarily online, though you don’t have to be online to be a member. Members post their contact info and the services that they can offer and that they would like to receive. Other members browse the site and when they see something they want or something they can help with, they can contact that member either through the site or by emailing or calling directly. The two members arrange a mutually convenient time and place and after the trade the hours are recorded on the website as well. That way your online account is like your bank account, keeping track of all your trades and Timebank Hours, and helping you connect with your neighbors. ” (Source: Time Trade Circle)

line drawing of situations that illustration time banking hour for hour value
Original artwork by Janet King
[gn_box title=”What are Time Dollars?” color=”#333333″] The time dollar is the fundamental unit of exchange in a time bank, equal to one hour of a person’s labor. In traditional time banks, one hour of one person’s time is equal to one hour of another’s. Time dollars are earned for providing services and spent receiving services. Upon earning a Time Dollar, a person does not need to spend it right away: they can save it indefinitely. However, since the value of a Time Dollar is fixed at one hour, it resists inflation and does not earn interest. In these ways it is intentionally designed to differ from the traditional fiat currency used in most countries.[19] Consequently, it does little good to hoard Time Dollars and, in practice, many time banks also encourage the donation of excess Time Dollars to a community pool which is then spent for those in need or on community events. (Source: Wikipedia[/gn_box]

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