Todays post is about giving the local trading network a bit of a mention. Its a great concept, and if more people got involved who knows what could happen!
So what is it?
The Community Exchange System (CES) is a community-based exchange system that provides ways for its users to exchange their goods and services, both locally and further a field. A global trading network that operates without money.
Say what?… No money?… uhuh.
The CES has no physical currency. So no money changes hands at all.
Around the world these systems may be called- Community Exchange Systems, Local Exchange Trading Systems (LETS), Mutual Credit trading systems or Time Banks.
Here where I am its called LETS. Or Local Exchange Trading Systems.
Every members time is of equal worth. One hour of time is worth 20 ‘operas’ (depends on the area is what they call the currency). Every member has an account that they set up on joining. When Jackson pays Mack 20 operas for a personal training session then it goes into the account. Jackson is -20 and Mack is +20. So Mack has just ‘created’ his own money. Which he can then use for a massage with Julia.
And so on and so forth. There is no limits. Everyone has something to offer and people always want something.
Some examples of what could be on offer.
Kids face painting for parties
The possibilities are really endless….