Currency Models

submitted by EddieC from self.WritingsOnTheWall

NOTE: Work in Progress
 

Ref. Currency Model, Issued by, Basis of Issuance, Example(s) Discussion
1 National Currencies @ Fiat Money. By Central Banks. Legal Tender Inflationary and concentrates wealth
2 Convertible Local Currency (CLC). By Local Community. Sold for, and redeemable into fiat money (“Cash-based”) e.g. US: BerkShares; Canada: Toronto Dollars; UK: Bristol Pounds, Brixton Pounds. Con: Does not create liquidity
Non-transferable Stored Value Cards AND spending points. "Sold" for, but non-redeemable into, fiat money. Useable for goods & services provided by Seller. Adopted by major retailers e.g. Starbucks, Amazon Strictly speaking, as they are non-transferable, they are not a currency, but a zero/low interest, means of financing for the Seller
3 Local Public Currency. By Municipal Government. Tax Foundation: accepted for payment of local taxes & fees
4 Local Private Currency. By Local Producers. Goods & Services Foundation: accepted for payment of local goods & services provided by issuer/s Adds liquidity and drives localization
5 Mutual Credit - WIR. By WIR Bank. WIR used for settlements after offset using national currency (Swiss Franc) as unit of account
6 Mutual Credit - LETS Adds liquidity and drives localization
7 Time - Money
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[–]EddieC[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Q: Is the real issue
not just a lack of money,
but the (real / perceived) (in)ability to effect the exchange for money
i.e the (real / perceived) lack of things of value that others require & are willing to pay for?
e.g. lack of capability/skills to do the required work?
 
Q: What are the 'required work' or 'things of value'
that people would be willing to pay (each other) for?
 
What do we / should we value?

Sustaining / improving our existence & cause: [physical] [biological] [spiritual] [emotional] [social]
Hence: [safe] food, water, home, power, internet, ...
 

How about freedom from usurpation?
-- Isn't everything else basically meaningless if one is living is a world that is fully usurped?
--- If so, shouldn't we put priority to value to be free(d) from usurpation above all else?