What Is The Community Exchange System?
The Community Exchange System (CES) is a community-based, global trading network using methods of exchange that differ from our familiar national currencies — an alternative, parallel, local, community or complementary currency system. In short, the CES is a new exchange system.
There are many similar trading systems around the world, commonly know as Community Exchanges, Local Exchange Trading Systems (LETS), Mutual Credit trading systems or Time Banks. Many commercial 'barter' systems operate in a similar way, but their prime motive is make money of the conventional kind whereas most complementary currency systems are attempts to do without or replace national currencies.
The main difference between these and conventional money systems is that their scope of operation is usually restricted to a geographical area or organisation. 'Money' in the above types of complementary currencies does not ‘exist’ like conventional money so there is no need for a supply of it and you don’t need any to start trading. 'Money' in these systems is a retrospective ‘score-keeping’ that keeps a record of who did what for whom and who provided what to whom. There can therefore never be a shortage of money and money does not have to be created by a third party (banks or government) outside the circuit of buyers and sellers. For this reason money and credit are free, for the buyers and sellers 'create' it at the moment of trade.
There are many different types of complementary currency systems (CCs) and they are growing in popularity throughout the world. Some use ‘hard’ currencies, where notes and coins are issued by the group for their own use; others use time as a currency rather than notes; and yet others use a ‘virtual’ currency which is the recording of the values of goods and services exchanged.
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If you want access to this system please comment below. #BlackUnity
The Community Exchange System (CES) is a community-based, global trading network using methods of exchange that differ from our familiar national currencies — an alternative, parallel, local, community or complementary currency system. In short, the CES is a new exchange system.
There are many similar trading systems around the world, commonly know as Community Exchanges, Local Exchange Trading Systems (LETS), Mutual Credit trading systems or Time Banks. Many commercial 'barter' systems operate in a similar way, but their prime motive is make money of the conventional kind whereas most complementary currency systems are attempts to do without or replace national currencies.
The main difference between these and conventional money systems is that their scope of operation is usually restricted to a geographical area or organisation. 'Money' in the above types of complementary currencies does not ‘exist’ like conventional money so there is no need for a supply of it and you don’t need any to start trading. 'Money' in these systems is a retrospective ‘score-keeping’ that keeps a record of who did what for whom and who provided what to whom. There can therefore never be a shortage of money and money does not have to be created by a third party (banks or government) outside the circuit of buyers and sellers. For this reason money and credit are free, for the buyers and sellers 'create' it at the moment of trade.
There are many different types of complementary currency systems (CCs) and they are growing in popularity throughout the world. Some use ‘hard’ currencies, where notes and coins are issued by the group for their own use; others use time as a currency rather than notes; and yet others use a ‘virtual’ currency which is the recording of the values of goods and services exchanged.
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If you want access to this system please comment below. #BlackUnity
