Comments on: Mah Finance Sector Is Too Big http://www.danwalmsley.com/2009/10/12/mah-finance-sector-is-too-big/ Putting the nerd in comnerdedy Sun, 05 Sep 2010 13:21:40 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: KingofthePaupers http://www.danwalmsley.com/2009/10/12/mah-finance-sector-is-too-big/comment-page-1/#comment-31381 KingofthePaupers Thu, 22 Oct 2009 07:49:06 +0000 http://www.danwalmsley.com/2009/10/12/mah-finance-sector-is-too-big/#comment-31381 Jct: LETS is a lot more than barter, it's time-barter. With Africa trading with mobile-phone minutes, Arabia trading with mobile-phone card credits, with Hours being traded in Ithaca, with Greencredits being traded in LETS, the banks get no interest. And the movement is growing. When the local currency is pegged to the Time Standard of Money (how many dollars per hour of volunteer labor, children too) Hours earned locally can be intertraded with other timebanks globally! In 1999, I paid for 39/40 nights in Europe with an IOU for a night back in Canada worth 5 Hours. You can too. See http://youtube.com/kingofthepaupers on growth of the international time-trading network. Jct: LETS is a lot more than barter, it’s time-barter.
With Africa trading with mobile-phone minutes, Arabia trading with mobile-phone card credits, with Hours being traded in Ithaca, with Greencredits being traded in LETS, the banks get no interest. And the movement is growing.
When the local currency is pegged to the Time Standard of Money (how many dollars per hour of volunteer labor, children too) Hours earned locally can be intertraded with other timebanks globally! In 1999, I paid for 39/40 nights in Europe with an IOU for a night back in Canada worth 5 Hours. You can too.
See http://youtube.com/kingofthepaupers on growth of the international time-trading network.

]]> By: brent http://www.danwalmsley.com/2009/10/12/mah-finance-sector-is-too-big/comment-page-1/#comment-31291 brent Tue, 13 Oct 2009 08:04:26 +0000 http://www.danwalmsley.com/2009/10/12/mah-finance-sector-is-too-big/#comment-31291 been taking too much caffeine lately have we? such bartering organisations exist - I heard once about a movement where the members buy nothing new except for food and underwear: everything is bartered 2nd hand from other members. been taking too much caffeine lately have we?

such bartering organisations exist – I heard once about a movement where the members buy nothing new except for food and underwear: everything is bartered 2nd hand from other members.

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