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. Between 12th-25th March 2018 it hosted 2 intensive weeks of money printing and events.
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 is the centre of an act of citizen money creation. Local people of all ages and backgrounds have worked with artist Hilary Powell, printmaker Spike Gascoigne and designer Phil Seddon to print £50,000 worth of Bank Job currency in denominations of 1, 5, 10, 20 and 50 in just fourteen days. More print, events and banking on the way.
In place of the Queen, leaders of the local foodbank, homeless kitchen, youth project and primary school grace HSCB banknotes. As they are exchanged for pound sterling they raise money for each banknote cause and the HSCB debt abolition fund – enabling the purchase and literal explosion of 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 concentrated programme of ‘Money Talks’ ranging from crypto currencies and good credit to debt and democracy brought together big name pundits with local action groups at HSCB and plans for their continuation are afoot.
HSCB is supported by Waltham Forest Council, Indycube, Lipman-Miliband Foundation, Raymond Williams Foundation, UCL Urban Lab.
The space is an indycube co-working space and is open for co-working and bank note pick up and visits 7 days a week 9.30-5pm + event times.
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.