[P2P-F] Fwd: Regional Economic Communities

Sat Apr 23 05:44:08 CEST 2011

hi thomas,

any excerpt, quote, or source reference we could add to an entry, that
people could consult?

Michel

On Sat, Apr 23, 2011 at 2:00 AM, Thomas Greco <thg at mindspring.com> wrote:

>  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>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
>>> 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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