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Dear Apostolis,<br>
<br>
Below are the links to my websites, and the title of my latest book.<br>
<br>
Clearing circles have been operating successfully for many years. It
is an old idea.<br>
Now, the challenge is to optimize the procedures and protocols and
take it to scale, then network local exchanges together to provide
an means of payment that is locally controlled but globally useful.<br>
<br>
A debit balance in a credit clearing exchange can be looked at as a
loan. It is a draft upon a line of credit that is extended by the
collective membership. In a clearing system some accounts must be
allowed to be negative. The total of negative balances (or positive
balances) can be looked at as the supply of internal currency.<br>
<br>
Savings and investment, or <b>finance </b>is a separate function
from <b>exchange</b>. <br>
Yes, they are related, but require different mechanisms.<br>
<br>
Thomas<br>
<pre class="moz-signature" cols="72">Thomas H. Greco, Jr.
<a class="moz-txt-link-abbreviated" href="mailto:thg@mindspring.com">thg@mindspring.com</a>
Mobile phone (USA): 520-820-0575
Beyond Money: <a class="moz-txt-link-freetext" href="http://beyondmoney.net">http://beyondmoney.net</a>
Tom's News and Views: <a class="moz-txt-link-freetext" href="http://tomazgreco.wordpress.com">http://tomazgreco.wordpress.com</a>
Archive Website: <a class="moz-txt-link-freetext" href="http://www.Reinventingmoney.com">http://www.Reinventingmoney.com</a>
Photo gallery: <a class="moz-txt-link-freetext" href="http://picasaweb.google.com/tomazhg">http://picasaweb.google.com/tomazhg</a>
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.
</pre>
<br>
On 06/21/2011 7:35 PM, Michel Bauwens wrote:
<blockquote
cite="mid:BANLkTimKxyuZvkyRo4pHye_3BwOpy_Wvsg@mail.gmail.com"
type="cite">Thomas has written a few books and is in touch with
many local credit commons initiatives ...<br>
<br>
he's in cc,<br>
<br>
Michel<br>
<br>
<div class="gmail_quote">On Wed, Jun 22, 2011 at 3:38 AM,
Apostolis Xekoukoulotakis <span dir="ltr"><<a
moz-do-not-send="true" href="mailto:xekoukou@gmail.com">xekoukou@gmail.com</a>></span>
wrote:<br>
<blockquote class="gmail_quote" style="margin: 0pt 0pt 0pt
0.8ex; border-left: 1px solid rgb(204, 204, 204);
padding-left: 1ex;">What you say was exactly the idea with
which I started working.
<div><br>
</div>
<div>Where is more info about it? Has Thomas created such a
clearing house?
<div>
Most importantly, has he found an algorithm to create
trading circles? has he studied the macroeconomy of such a
system?</div>
<div><br>
</div>
<div>Why do we need to see the global network? </div>
<div><br>
</div>
<div>Well, in order to be able to make investments. New
investments about a specific product can have indirect
consequences to the whole network. We may then have to
compute what percentage of the investment will have to be
paid by each peer.</div>
<div><br>
</div>
<div>We need to know about the global network in order to
decide to which persons we can store our savings and the
ability of those currencies to be transfered into goods
that we will want in the future. </div>
<div><br>
</div>
<div>It is important to think of each peer as a producer, a
seller, an investor. Investors need information.</div>
<div><br>
</div>
<div><br>
</div>
<div>
<div>
<div class="h5">
<div class="gmail_quote">
2011/6/21 Kevin Carson <span dir="ltr"><<a
moz-do-not-send="true"
href="mailto:free.market.anticapitalist@gmail.com"
target="_blank">free.market.anticapitalist@gmail.com</a>></span><br>
<blockquote class="gmail_quote" style="margin: 0pt
0pt 0pt 0.8ex; border-left: 1px solid rgb(204,
204, 204); padding-left: 1ex;">
<div>El 21/06/11 04:23, Apostolis Xekoukoulotakis
dijo:<br>
<br>
</div>
<div>> What I am about to say needs testing and
more thinking but let me tell you<br>
> what I have done so far to create an
alternative to the free market.<br>
<br>
</div>
We're probably using the term "free market" in a
different sense. The<br>
market can refer simply to the cash nexus, or the
arena of commodity<br>
production for monetized exchange.<br>
<br>
But it can also be used, by market anarchist like
me, to describe the<br>
entire spectrum of voluntary transactions and
relationships --<br>
including cooperatives, gift economies, communal
property, informal<br>
barter, mutual aid, etc.<br>
<div><br>
>> I have created a new class of
currencies that are very similar to the<br>
>> very<br>
>> old currencies. What if each person
used the creation of his work as<br>
>> currency. When someone owns 5 paul's
chairs for example , It is meant<br>
>> that<br>
>> Paul will have to give him those 5
chairs in the future if he asks for<br>
>> them.<br>
>> This is then some kind of loan.
Someone gives something now in exchange<br>
>> for<br>
>> something in the future. If he doesnt
need the chairs, he might have to<br>
>> exchange Paul's chairs with something
else.<br>
<br>
</div>
That sounds a lot like Tom Greco's mutual credit
clearing networks,<br>
which I'm a big fan of. Every member runs a
balance that looks a lot<br>
like the balance in a checking account. When you
sell a good or<br>
service to a member your balance goes up, and when
you purchase same<br>
it goes down. And the system allows people to run
negative balances,<br>
so long as the negative balance is limited to some
value relative to<br>
their average monthly sales and the account
continues to be active and<br>
turn over. So "money" is essentially backed by
the goods being<br>
traded; rather than being a store of value from
past production, it is<br>
simply a unit of account for denominating trade of
present-for-present<br>
or present-for-future production. Nobody has to
have a store of money<br>
from past production in order to trade, so there's
no problem of<br>
economic stagnation for want of liquidity
("there's not enough money<br>
in circulation"). People create money by trading.<br>
<font color="#888888"><br>
--<br>
</font>
<div>
<div>Kevin Carson<br>
Center for a Stateless Society <a
moz-do-not-send="true"
href="http://c4ss.org" target="_blank">http://c4ss.org</a><br>
Mutualist Blog: Free Market Anti-Capitalism<br>
<a moz-do-not-send="true"
href="http://mutualist.blogspot.com"
target="_blank">http://mutualist.blogspot.com</a><br>
The Homebrew Industrial Revolution: A
Low-Overhead Manifesto<br>
<a moz-do-not-send="true"
href="http://homebrewindustrialrevolution.wordpress.com"
target="_blank">http://homebrewindustrialrevolution.wordpress.com</a><br>
Organization Theory: A Libertarian
Perspective<br>
<a moz-do-not-send="true"
href="http://mutualist.blogspot.com/2005/12/studies-in-anarchist-theory-of.html"
target="_blank">http://mutualist.blogspot.com/2005/12/studies-in-anarchist-theory-of.html</a><br>
<br>
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</div>
</blockquote>
</div>
<br>
<br clear="all">
<br>
</div>
</div>
-- <br>
<span style="font-family: arial,sans-serif; font-size:
13px; border-collapse: collapse;">
<pre style="white-space: pre-wrap;">
</pre>
<pre style="white-space: pre-wrap;">Sincerely yours, </pre>
<pre style="white-space: pre-wrap;"> Apostolis Xekoukoulotakis</pre>
</span><br>
</div>
</div>
<br>
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