Society is Exchange! – Frederic Bastiat.
All the perplexities, confusions and distresses in America arise not from defects in the Constitution or Confederation, not from want of honor or virtue, as much as from downright ignorance of the nature of coin, credit and circulation.
– President John Adams, from a letter to Thomas Jefferson (1787-08-25), in The Works of John Adams
As the time grows near I want to remind everyone that my workshop on innovative finance and exchange is set to begin in about 10 days time at Kalikalos Holistic Summer School in Greece (http://www.kalikalos.org/exchange-finance). It will start on the evening of 24 June and conclude on the morning of 1 July.
While it is described as a “course,” the format will be that of a workshop/colloquium in which everyone plays an active role in an intensive process of inquiry, discovery, sharing and collaboration aimed at:
1. achieving a deeper understanding of sound principles of credit, finance, and the exchange process, and,
2 developing action plans for the design and implementation of robust systems that can be widely proliferated and quickly scaled up to global dimensions.
3. assembling a knowledge base that can provide guidance to others on the same path toward achieving more equitable and sustainable economic structures.
There is still space available for those who feel moved to participate.
Details about the course, fees, and booking are at http://www.kalikalos.org/exchange-finance.
Some of the areas that we will explore include:
- The essence, function, and forms of money
- The concepts of currency, credit, credit clearing, liquidity, monetization, and basis of issue
- Various models of private currencies and moneyless exchange
- Value measurement and units of account
- Exchange networks and inter-trading
Don’t let finances stop you as will be able to offer a limited amount of bursaries. Please write an application for that to our team at firstname.lastname@example.org.
We offer Greek participants who take part in the week-long workshop a discount of 30%.
The weekend Saturday, 25 and Sunday 26 is being offered to Greeks on a Gift Economy basis which means that you offer what you are able to give. If you want to participate on these terms please send a mail to: email@example.com.
I look forward to working with you. –Thomas
Posted in Basic Concepts, Developing Alternatives, Emerging paradigm, Exchange Design, Finance and Economics, Implementation Strategies, My activities
Tagged credit clearing, currency, Greece, money, trade exchange
Here is my comment on a recent article titled Krugman’s Craziness that appeared in the New York Sun. –t.h.g.
Very few people today, including prize-winning economists, possess a deep knowledge of the fundamental principles of reciprocal exchange, and most of those who do are committed to maintaining the global interest-based, debt-money regime that enables an elite few to control economies and governments worldwide.
In the wake of the 2008 financial meltdown and the ongoing economic crisis, more and more people are waking up to the fact that there is something seriously wrong with our systems of money, banking, and finance, but remain mystified by it and have no idea what to do about it.
Many are calling for reform of the system via the political process, and most reformers want a return to the gold standard and favor a government monopoly over the issuance of money. Clearly, new legislation is needed to reverse the trend toward ever greater centralization of power and concentration of wealth, but such measures have no hope of passing into law so long as the “money power” is able to buy politicians wholesale. Further, since money is a human contrivance that is supposed to facilitate the exchange of value (like goods, services, and various financial claims), people should be free to use whatever payment media they find mutually agreeable. Rather than monopoly of money, either bank-controlled or government-controlled, we need competition in currency. Let us have more freedom, not less.
There are solid precedents that prove the effectiveness of private and community currencies, as well as direct clearing of credits among buyers and sellers, a process that has the potential to make money as we’ve known it obsolete. Private initiative is presently bringing to market new and creative mechanisms of exchange and finance that have the power to bring about economic and financial stability, social harmony and a dignified life for all.
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In the slums of Kenya, money is especially scarce. Still, the residents are productive and have plenty of goods and services to offer one another. American social entrepreneur Will Ruddick, together with hundreds of local enterprisers, has found a way to create supplemental exchange media that enable them to trade with one another despite the lack of Kenyan shillings.
Here’s a new video about their Bangla-Pesa currency that they have created in Bangladesh, a slum area of Mombasa.
And, here’s a recent TV news report, which is described as follows:
Published on Apr 10, 2014. When news of the complementary currency branded Bangla-pesa first broke out, claims arose that it was linked to the proscribed Mombasa Republican Council, MRC, and its secessionist agenda, almost spelling doom for the project. A year later, we returned to Bangladesh slum in Mombasa county where the vouchers were first launched, and discovered that not only has the program grown in leaps and bounds, but plans were afoot to roll it out in different slum in the region.
The Conference on Complementary Currency Systems that will be held 19-23 June in The Hague, Netherlands, is shaping up to be a significant landmark in the development of currencies and exchange processes. It will bring together practitioners and theoreticians from all over the world. The following message that came in recently from Edgar Kampers, one of the organizers, highlights the program for just one of the five days. Anyone involved in, or having a serious interest in this field, will probably want to be there.
Are you eager to learn about the future of currencies? Or are you keener to know how complementary currencies can support the local economy and build communities? Are you intrigued by digital currencies like Bitcoin, Freicoin and Ripple?
Then join the 2nd International Conference on Complementary Currency Systems on Friday 21st of June. It will bring a fresh perspective on local currencies like the Brixton Pound, Bristol Pound, Chiemgauer, Berkshares and the Calgary Dollars! It will explore several amazing time banks and time credits systems like Spice, Fureai Kippu and De Makkie!
The conference will be held in The Hague, The Netherlands and will bring together world-leading experts including Bernard Lietaer, Thomas Greco, Jem Bendell, Bart Jan Krouwel, Shann Turnbull and Tony Greenham.
Step into the world of complementary currencies, join the conference!
Join today at http://www.iss.nl/forms/ccs_conference_governement/
Or learn more at qoin.org/conference_english/
Twitter @CcsConference13, #CCSconf13
Richard Logie has been for a long time one of the leaders in the commercial barter industry. As owner and operator of The Business Exchange in Scotland and developer of GETS, a moneyless trading platform, Richard has a wealth of knowledge about moneyless exchange in general. His presentation below provides a valuable learning tool for anyone, either in the entrepreneurial realm or at the grassroots level, who is starting or operating a currency or exchange system.
Please pay particular attention to the way in which Richard determines the credit lines to be provided to members’ accounts, the list of advantages that membership in a credit clearing exchange provides, and the elements that need to be standardized in order for exchanges to be effectively networked together.–t.h.g.
A currency project that was conceived and operated by Will Ruddick in Kenya last year has reportedly achieved significant social benefits at very little cost. A full report titled, Eco-Pesa: An Evaluation of a Complementary Currency Programme in Kenya’s Informal Settlements can be found at the International Journal of Community Currency Research.
My latest book, The End of Money and the Future of Civilization has been rated one of the top 15 SHAREABLE books of 2009. It shares this list with some very good company. Have a look. “Shareable is a nonprofit online magazine that tells the story of sharing.” The guys who run it have some pretty impressive credentials.