[P2P-F] Fwd: Regional Economic Communities

Tue Apr 19 05:35:24 CEST 2011

just in case thomas greco wants to comment on mutual credit vs asset
backing,

Michel

On Tue, Apr 19, 2011 at 3:57 AM, Matthew Slater <matslats at gmail.com> wrote:

> Hi Michel, Franz, & Georg,
> Greetings Andreas Laurent & Tim,
>
> Usually a barter currency is mutual credit, which means it isn't backed by
> assets.
> A currency which is backed by assets is a commodity currency. You can only
> issue as much money as you have have assets.
> Or some arbitrary multiple thereof!
> So I would question the use of the expression 'barter currency' here.
>
> Matthew
> communityforge.net
>
>
> On 18 April 2011 22:37, Dante-Gabryell Monson <dante.monson at gmail.com>wrote:
>
>> Yes, sounds like a nice set of initiates to me.
>>
>> Yet, Small note regarding the barter currency they propose, "covered/guaranteed
>> by the jointly-owned assets."
>>
>> I remember discussing such approach in the past.
>>
>> In my current understanding , such asset ( such as shares ? ) guaranteed
>> currency is perhaps an approach taken to create an incentive to invest in
>> the local economy ?
>>
>> May be worth asking... I cc Tim Reeves.
>>
>> Yet I feel that such approach to currency can be risky as it can lead to
>> the monopolization of assets into the hands of a minority, hence having the
>> whole regional economy owned by a small minority on the medium to long term
>> ?
>>
>> As far as I remember, although I have no references to provide ( would
>> need to ask Bernard Lietaer ),
>> in Belgium at least, I heard that unless one has a special status such as
>> a bank,
>> one can not operate a currency with euro equivalence exchangeable for
>> euros, unless there is 100 percent euro backing in reserves, such as is the
>> case with the german regio/freigeld currency called "chiemgauer"
>> http://en.wikipedia.org/wiki/Chiemgauer
>>  <http://en.wikipedia.org/wiki/Chiemgauer>and/or the JAK bank in Sweden
>> http://en.wikipedia.org/wiki/JAK_members_bank
>>
>> If their barter currency is solely for their internal local economy, with
>> no possibility for exchanging for euros ( purchasing outside of their local
>> economy ), I do not understand why they would not have it in a fiat mutual
>> credit form, such as WIR, with participants choosing the percentage of their
>> monetary transaction they wish to be done in mutual credit ( such as WIR ) ?
>>
>> http://en.wikipedia.org/wiki/WIR_Bank
>> http://wn.com/WIR_Bank
>>
>>
>>
>> On Mon, Apr 18, 2011 at 9:14 PM, Michel Bauwens <michelsub2004 at gmail.com>wrote:
>>
>>> HI Franz,
>>>
>>> any perspectives on this?
>>>
>>> Michel
>>>
>>> On Tue, Apr 19, 2011 at 1:59 AM, Dante-Gabryell Monson <
>>> dante.monson at gmail.com> wrote:
>>>
>>>> http://regional-economic-communities.info/
>>>>
>>>> ( found via open space list )
>>>>
>>>> ---------- Forwarded message ----------
>>>> From: Tim Reeves <tim.reeves at rewig.info>
>>>> Date: Sun, Apr 17, 2011 at 6:19 AM
>>>> Subject: Regional Economic Communities
>>>> To: Tim Reeves <tim.reeves at rewig.info>
>>>>
>>>>
>>>>  Dear friends and acquaintances,
>>>>
>>>> I just put together a *one-time* mailing list of the english speakers I
>>>> know (and some german speakers with international connections). I'm writing
>>>> to let you know about the concept of Regional Economic Communities, hoping
>>>> that you may be able to help getting it known.
>>>>
>>>> The concept presents a complete – and radically new – paradigm for
>>>> regional communities, linking together commercial, sustainable and social
>>>> aspects. It describes a means for normal citizens to become joint owners of
>>>> local, sustainably-run businesses. It then introduces a barter currency, the
>>>> Grok, which is independent of national currency and covered by the
>>>> jointly-owned assets.
>>>>
>>>> While thus apparently being a primarily economic paradigm, it's essence
>>>> and motivation come from a spiritual perspective and in practice great value
>>>> is put on the way we interact with each other, and to integrating personal
>>>> growth and the furthering of interpersonal skills into the daily working
>>>> life.
>>>>
>>>> The external forms have been carefully designed to be *practicable*.
>>>>
>>>> You can read all about it here:
>>>> http://regional-economic-communities.info/
>>>>
>>>> The first such community is currently starting up in Munich - the
>>>> cooperative is founded and registered, and moving ahead swiftly towards
>>>> getting the actual business side up and running. If you would like to help
>>>> the concept take root in the english-speaking world, here are some things
>>>> that would help:
>>>>
>>>>    - Forward this email to anyone you know who might be interested -
>>>>    people active in regional currencies, ecological measures, transition town,
>>>>    and such.
>>>>    - Anyone who has the possibility, please set a link to the concept
>>>>    website on your website, so that other interested people may find it.
>>>>    - Talk to friends about it, subscribe for the newsletter (do so on
>>>>    the website) – and don't hesitate to contact me with questions.
>>>>     - Envision a better future for all, and practice wellwishing for
>>>>    all the many endeavours to achieve that aim which are now being explored.
>>>>
>>>> The quality of the time in which we live demonstrates an exceptional
>>>> development of consciousness. It grows with every individual who is willing
>>>> to tread the paths of personal growth and systemic evolution. May it
>>>> bestow us all with more cooperative and appreciative lives — paving the way
>>>> to a future which we can truly look forward to.
>>>>
>>>>  *With thanks and warm regards,*
>>>>
>>>> *Tim Reeves*
>>>>
>>>>  Flurstraße 10, D-85221 Dachau
>>>>
>>>> Tel. 08131 - 273 653   Fax 08131 - 273 654
>>>>
>>>>  Email: tim.reeves at rewig.info
>>>>
>>>>  Skype: timothy.reeves (mit Webcam)
>>>>
>>>> [image: ReeComm-Logo]
>>>>
>>>> regionale-wirtschaftsgemeinschaft.info
>>>> regional-economic-communities.info    rewig-muenchen.de
>>>>
>>>>
>>>>
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>>>>
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>>>
>>>
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>>>
>>
>

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