I visited Bank Job Pictures in a former Co-Op Bank in Walthamstow, and bought some DIY currency to animate community initiatives and cancel one million pounds of local debt.
Exchanging currencies at the radical @BankJobPictures supporting local initiatives and annulling debt. Brilliant work @HilarySPowell @danedelstyn You might be interested @NeilFarnan @dilgreen pic.twitter.com/b348RF0PLA
— Neil Cummings (@neilarise) June 7, 2018
The project is to print a currency and exchange it for fiat money. Half of the fiat money acquired in the exchange goes to four community causes, and the other half purchases one million pounds of local debt, bought through a broker on the junk debt market. Win win.
Engaging people in a collective act of printing money and abolishing local debt in a former high street bank is a provocative start to a timely conversation about economic justice and education.
A concentrated programme of Money Talks accompany the project, and more DIY banking is planned for the near-future.
Bank Job Pictures
151-155 Hoe Sreet