[P2P-F] Fwd: Regional Economic Communities

adavans at aol.com adavans at aol.com
Sun Apr 24 16:25:39 CEST 2011


Tom, as you know Chris Cook goes into a number of the 'devilish details' involved in setting up one version of mutual credit clearing.  Most of these details concern twin frameworks for holding assets (Cook recommends harbouring assets in a capital partnership) and a guarantee society that issues credit that is referenced to the units issued by a capital partnership.  

Personally I'd like to see a bridge built between the loyalty currency models (like Berkshares) and the mutual credit clearing frameworks advocated by yourself and Chris Cook, even if it starts out as being as simple as a mutual credit clearing circle taking Berkshares in payment of transaction fees and placing a portion of these fees in a default pool.  This would enable Berkshares  to function much like a currency board.  During the mean time the formation of capital partnerships would enable Berkshares to eventually form default pools for its MCCU/GS that include capital partnership units in their portfolio.  The strategy is a Riegle-like play, as you can  probably tell.  

Regards
Alan Avans
http://www.whatworksproject.com




 

 

-----Original Message-----
From: Thomas Greco <thg at mindspring.com>
To: Michel Bauwens <michelsub2004 at gmail.com>
Cc: P2P Foundation mailing list <p2p-foundation at lists.ourproject.org>; Matthew Slater <matslats at gmail.com>; Tim Reeves <tim.reeves at rewig.info>
Sent: Fri, Apr 22, 2011 12:00 pm
Subject: Re: [P2P-F] Fwd: Regional Economic Communities


              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
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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)
                                                    
                                                    
                                                    
                                                    regionale-wirtschaftsgemeinschaft.info                                                       regional-economic-communities.info                                                       rewig-muenchen.de
                                                  
                                                
                                              
                                            
                                            
                                            
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