Photos by Tony O'Brien
HSCB - HOE STREET CENTRAL BANK
HOE STREET CENTRAL BANK (HSCB)
HSCB is open in the former Co-Op Bank on Hoe Street in the London suburb of Walthamstow. Throughout 2018 it has hosted intensive weeks of money printing ( 12th-25th March and 5th-23rd June) and and most recently (4-19 October) been printing BONDS IN A COLLECTIVELY OWNED AND DISTRIBUTED DEBT EXPLOSION. BUY BONDS HERE.
The bank is a key part of the feature documentary film ‘Bank Job’ bringing together a local community to examine how money and debt are made in our current economic system and look for alternatives that may work more in the public’s favour. Hoe Street Central Bank has been the centre of an act of citizen money creation. Local people of all ages and backgrounds have been working to print HSCB bank notes in denominations of 1, 5, 10, 20 and 50, 100 and 1000 on a public print production line.
In place of the Queen, leaders of the local foodbank, homeless kitchen, youth project and primary school grace HSCB banknotes. We have raised £40,000 from the sale of these notes - £20,000 shared between the four note causes and £20,000 to buy and write off 1 million pounds worth of local predatory debt.
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 programme of ‘Money Talks’ ranging from crypto currencies and good credit to debt and democracy has brought together big name pundits with local action groups at HSCB. There are more coming up so keep in touch.
The March 2018 opening of HSCB was supported by a small Waltham Forest Council Arts Development Grant, Indycube letting us in the bank , Lipman-Miliband Foundation and Raymond Williams Foundation, UCL Urban Lab.
Since then Indycube continue to support our presence in the bank. We just won the Artquest Workweek Prize 2018 for a critical and risk taking project. This is DIY risk and production on overdrive and we are working on making money for the infrastructure and work that goes into making debt write off, rebel banking and feature film making happen. BUY BONDS to make the debt explosion happen!
The space is an indycube co-working space and is open for co-working and bank note pick up and visits 5 days a week 10-5pm. BETWEEN 4-19 OCTOBER WE WILL BE PRINTING BONDS BETWEEN 1-7PM DAILY AND ARE OPEN AT WEEKENDS 1-7PM.
HSCB - Hoe Street Central Bank
The Bank / Indycube Walthamstow
151-155 Hoe Street, Walthamstow, London, E17 3AN.
WALTHAMSTOW CENTRAL 3 MIN WALK
WALTHAMSTOW QUEEN'S ROAD. 10 MIN WALK.