[P2P-F] Fwd: Regional Economic Communities
Thomas Greco
thg at mindspring.com
Fri Apr 22 21:00:26 CEST 2011
Both asset backing and mutual credit are viable approaches to creating
alternative exchange media. I wrote about all this in my book, /Money:
Understanding and Creating Alternatives to legal Tender./ The devil is
in the details.
Tom
Thomas H. Greco, Jr.
thg at mindspring.com
Mobile phone: 520-820-05
Website: http://www.Reinventingmoney.com
Blogs: Beyond Money: http://beyondmoney.net
Tom's News and Views: http://tomazgreco.wordpress.com
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Skype/Twitter name: tomazgreco
My latest book, "The End of Money and the Future of Civilization"
can be ordered from Chelsea Green Publishing, Amazon.com, or your local bookshop.
On 04/18/2011 8:35 PM, Michel Bauwens wrote:
> 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
> <mailto: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 <http://communityforge.net>
>
>
> On 18 April 2011 22:37, Dante-Gabryell Monson
> <dante.monson at gmail.com <mailto: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
> 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 <mailto: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 <mailto: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
> <mailto: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
> <mailto: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 personalgrowthand 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
> <mailto:tim.reeves at rewig.info>
>
> Skype: timothy.reeves (mit Webcam)
>
> ReeComm-Logo
>
> regionale-wirtschaftsgemeinschaft.info
> <http://regionale-wirtschaftsgemeinschaft.info/>
> regional-economic-communities.info
> <http://regional-economic-communities.info/>
> rewig-muenchen.de <http://rewig-muenchen.de/>
>
>
>
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