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Topic: Local Exchange Trading Systems

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Woodlawn, Chicago

	The Change Project: Local Action
		Local communities need to figure out how to close the economic feedback loops in their own community.
		The financial system is so globally inter-connected that when people in your town put their paychecks into the bank, that money is immediately vacuumed out of the community.
		The time dollar or service credits system allows a community to publish a list of these kind of activities that everybody agrees need to be done, and to say that anyone who is unemployed, or partially employed, who wants to do any of these tasks, will be paid with a special credit card.
	www.well.com /user/bbear/local_action.html (855 words)

	Hands On: An Overview of Community Currencies
		Local currencies are anything but new: people were using various methods of exchange thousands of years before the cash economy became dominant.
		Unlike barter trade, which requires a direct exchange, local currencies commit the individual who receives a good or service to supplying goods or services to the community at a future date.
		While local currency systems have not been proven to have any inherent power to overcome social inequities, it is generally agreed that they do yield tangible social benefits.
	www.tve.org /ho/doc.cfm?aid=1334 (1840 words)

	Trading system, tradestation trading system, mechanical trading system (Site not responding. Last check: 2007-10-15)
		Trading system Trade futures, options, commodities and foreign exchange with Refco Canada online,full-service brokerage, managed futures, institutional equity and.
		Furthermore the current system of trade rules is far from being a predictable,consistent system.
		Trading system Rapid advances in IT and growing competition are causing fundamental changes in the world's financial services industry.
	www.risk-control.org /trading_system.html (1004 words)

	Humboldt Exchange Community Currency Project
		This structure keeps the wealth created by the exchange of goods and services within the local community -- it cannot be extracted or exported, or even really, benefited from by those whose primary allegiances lie outside of the community.
		LETS operate by mutual credit system, a system in which the currency necessary to mediate a transaction is created at the time of the transaction as a corresponding credit and debit in the balances of the two parties.
		While all the government requires of a local currency may be it's ability to be distinguished from their currency and to be taxed just the same - a local currency needs trust and community support to thrive.
	www.humboldtexchange.org /faqs.htm (1727 words)

	Ian Griffith: Alternative Economy Systems in Rural Scotland
		Local communities need to be able to strengthen their own internal economic base if they are to ride the waves of change.
		The weaknesses with this system were that some users omitted to affix the stamp after their transaction and the absence of dates by which the stamps had to be applied meant that no incentive existed to pass the money around the system.
		The system was set up from the outset with a strong central belief that LETS should present itself as a competent and efficient organisation which sought a diversity of skills, goods and services.
	ian.griffith.com /resume/rural_forum.htm (15727 words)

	Local Exchange Trading System - PermaWiki - A Wikia wiki
		Local Exchange Trading System - PermaWiki - A Wikia wiki
		Local Exchange Trading Systems (LETS) are local, non-profit “exchange” networks in which all kind of goods and services can be traded without the need for money.
		A LETS member may earn local credit by doing, eg, childcare or computer work for one person, and spend it later on food, hiring equipment, plumbing or carpentry with another person on the same network.
	permaculture.wikia.com /wiki/LETS (595 words)

	Local Exchange Trading Systems - Wikipedia, the free encyclopedia
		The system he designed was intended as an adjunct to the national currency, rather than a replacement for it, although there are examples of individuals who have managed to replace their use of national currency through inventive usage of LETS
		Jill also pioneered the idea of naming local currencies after icons of local importance: in Maleny their currency is the bunya, named after the local nut of the bunya pine.
		By 1995 there were 250 LETSystems in Australia, with Western Australia having 43 separate systems serving a population of 1.5 million (although actual participation is by only a tiny fraction of that population), making it the region with the highest LETS coverage in the world.
	en.wikipedia.org /wiki/Local_Exchange_Trading_Systems (1692 words)

	Local Currency Systems :: Organizations : Gourt
		System (from the Latin (systēma), and this from the Greek σύστημα (sustēma)) is an assemblage of element comprising a whole with each element related to other elements.
		Any element which has no relationship with any other element of the system, cannot be a part of that system.
		Every division of an object/entity into systems is arbitrary, therefore it is a subjective abstract concept.
	society.gourt.com /Organizations/Local-Currency-Systems.html (273 words)

	[11-22-99] Walter Truett Anderson, "Green Money"--Local Currencies Filling A Niche In the Global Economy
		Local currencies are anything but new: People were inventing various methods of exchange long before there were any governments to mint or print money.
		The oldest such system in the Western world is the WIR, a survivor from the Depression years and still thriving -- ironically, in Switzerland, a country whose banks become the home for so much official money from around the world.
		There appears to be solid evidence that complementary currency systems can be effective in stimulating local initiative and cooperation, and in relieving the paralysis that often sets in when communities are hit by sudden economic setbacks such as a national currency collapse or a rise in unemployment.
	www.pacificnews.org /jinn/stories/5.23/991122-greenmoney.html (752 words)

	HARNESSING LOCAL EXCHANGE AND TRADING SCHEMES
		In contemporary society, kinship exchange is the chief source of mutual aid and LETS members seemed to join LETS as a substitute for their lack of kin in the locality.
		Local government has a key role to play in tackling these barriers and facilitating this voluntary sector initiative to promote community renewal.
		When facilitating these initiatives however, it is important for local government to recognise that the 'value-for-money' criteria used to judge the effectiveness of spending cannot and should not be based on job creation or employability indicators.
	www.cyberclass.net /harness.htm (3687 words)

	SD14. Local Exchange & Trading ("LETS") Schemes (& Time Banks)
		Aldridge, T.J and Patterson, A, 2003, 'Trading places: geography and the role of Local Exchange Trading Systems in local sustainable development', Chapter 8 in Buckingham, Susan and Theobald, Kate, 2003, 'Local environmental sustainability', Woodhead Publishing, Cambridge.
		Barry, John and Proops, John, 2000, 'Citizenship, Sustainability and Environmental Research: Q Methodology and Local Exchange and Trading Systems', Edward Elgar, Cheltenham, Gloucestershire.
		Pacione, M, 1997, 'Local Exchange Trading Systems as a Response to the Globalisation of Capitalism', Urban Studies 34 (8), pp1179-99.
	www.nottingham.ac.uk /sbe/planbiblios/bibs/Greenis/A/14.html (2338 words)

	Local currency - Wikipedia, the free encyclopedia
		In economics, a local currency, in its common usage, is a currency not backed by a national government (and not necessarily legal tender), and intended to trade only in a small area.
		But the oldest local currencies known to be in continuous use are the WIR in Switzerland, and the Labor Banks in Japan.
		Opponents of this concept argue that local currency creates a barrier which can interfere with economies of scale and comparative advantage, and that in some cases they can serve, like traditional national currencies, as a means of tax evasion.
	en.wikipedia.org /wiki/Local_currency (526 words)

	Local Currencies Directory - Local Exchange Trading Systems (LETS), Community Currency, ...
		Because they remain local, Hours enhance and strengthen the economy by employing a local person each time they circulate, without ever draining away to distant parts of the country or world.
		Ukiah, CA Ukiah HOURS is a local project which is developing a community-based, local currency for the Ukiah economic trading region (Potter Valley to Hopland).
		A Local Energy Trading System, operating in the Canberra region of Australia, to provide an information network for members to trade their skills, goods and services using an internal community currency called QBs.
	www.ecobusinesslinks.com /local_currencies.htm (1274 words)

	IRTA What Is Reciprocal Trade
		In so doing, they earn trade credits (instead of cash) that are deposited into their account.
		Since IRTA Members adhere to the IRTA Code of Ethics, businesses that want to barter are assured that their trade credits are earned and spent within a network that is committed to a high standard of business conduct.
		Some of these include complementary (or local) currency organizations, LETS (Local Exchange Trading Systems) and many other forms of alternative monetary systems to help local and regional economies.
	www.irta.com /Page.asp?Script=2 (235 words)

	Local needs met locally - Sustainable Community Action - A Wikia wiki (Site not responding. Last check: 2007-10-15)
		A vibrant, diverse local economy is a healthy and resilient economy.
		Meeting local needs locally can mean less pollution and CO2 emissions from unnecessary transport, as well as providing economic opportunities.
		Local Works are urging supporters to bombard them with requests to adopt the Sustainable Communities Bill.
	sca21.wikia.com /wiki/Local_needs_met_locally (446 words)

	Evaluating Local Exchange Trading Systems and Mutual Credit Systems
		The levels of trading for each member is estimated by co-ordinators to be most frequently between 1 and 5 trades per year, with the mean percentage of members in this category averaging at 35%.
		Whereas the mean for activity between 5 and 10 trades was only 26% of members and 24% for more than 10 trades per year.
		In 24% of cases whether a group is located in an urban or rural area is seen as significant, a further 19% specified, more vaguely, that the type of area is important, 14% the local culture, 11% the size of the area and 6% the density of the population.
	www.appropriate-economics.org /materials/evaluatinglets.html (3458 words)

	UoWiki - LETSGet Together
		This event will bring together builders of webserver-based LETS and community exchange systems, with potential interested users of them, at an evening 'Forum' style event.
		Seed projects which may have an art/intervention angle and not be aspiring immediately to full-blown trading system status.
		Exchange schemes with ethical motivators, such as in Jewish and Muslim business communities.
	twenteenthcentury.com /uo/index.php/LETSGetTogether (566 words)

	Wedgwood Neighborhood Exchange - background (Site not responding. Last check: 2007-10-15)
		The Wedgwood Neighborhood Exchange was conceived in January 2001 by neighbors who share a common vision of building community through neighbor-to-neighbor connections.
		We were intrigued by the potential of local exchange trading systems to encourage neighbor connections, and researched some existing examples.
		Working together in small groups, about 15 neighbors established a system that is uniquely adapted to our neighborhood.
	www.cityofseattle.net /wedgwoodexchange/public/background.htm (201 words)

	Financing for Development and Transition to a Knowledge-Based Economy
		There is a critical need and opportunity for the Financing for Development (FfD) process to address an over-riding systemic issue relating to development, namely the ongoing transition to a global knowledge-based economy and financing for development that supports equitable participation in the new economy within and between countries.
		Even though these alternative trading systems - most of which are very small compared to trade that are based on formal currencies - are not reflected in conventional measures of economic activity, they can make a significant contribution to real wealth and can play a strategically significant role in fostering economic development in local economies.
		As with many of the other information and communication tools, the development of geographic information systems is very amenable to partnership-based approaches between developed and developing countries, especially involving the participation of academic institutions.
	habitat.igc.org /ffd-kbe/index.htm (1724 words)

	m_ValuedLETS
		This site is devoted to all and everything associated with the notion of m-logically-valued monetary units and their applications to LETS, local exchange trading systems.
		Identify individuals who are trying to create holistic centers and facilitate their venture capital searches, while at the same time vectoring them toward the critical town sites chosen for m-valued exchange unit LETS implementation.
		As others may have reached a similar perspective, there may be some value in displaying for a slice of linear-time something of some of the thought processes involved in these strategic planning reflections -- the search for autopoietic operators being analogous to the search for similar operators in domains other than that of cellular biology.
	www.geocities.com /m_valuedlets (956 words)

	LETS Link UK: Homepage
		ETS - Local Exchange Trading Systems or Schemes - are local community-based mutual aid networks in which people exchange all kinds of goods and services with one another, without the need for money.
		As grassroots initiatives they are open to everyone - people of all ages, skills and abilities; local clubs and associations; voluntary groups, charities, community initiatives; housing co-operatives, small businesses and local services - helping everyone to give and take, connect to new resources, and find a genuine community identity.
		LETS use a system of community credits, so that direct exchanges do not have to be made.
	www.letslinkuk.net (424 words)

	IJCCR Volume 4: 2000 (Site not responding. Last check: 2007-10-15)
		Modern domestic barter systems are operating in Australia and other high income countries at the local community level, and at the national level for business exchanges.
		These exchange regimes appear to have become institutionalised in a macro-marketing system that is organised on the primacy of market exchange based on price as the co-ordinating device.
		The Tianguis Tlaloc local currency system, first initiated in 1994 and re-initiated in 1996 is the one of the longest-running community currency systems in the global south.
	www.geog.le.ac.uk /ijccr/vol4-6/4toc.htm (906 words)

	LETS link Scotland - The information, training and development network for local currency systems throughout Scotland. (Site not responding. Last check: 2007-10-15)
		Local Exchange Trading Systems (LETS) are local, non-profit networks for trading all kinds of goods and services without money.
		The credits they earn are interest-free and direct exchange is not necessary.
		LETS exchange is a new exciting feature to LETSlink Scotland, where you can link and trade online with other LETS communities throughout Scotland in our forum environment.
	www.letslinkscotland.org.uk (158 words)

	Omniseek: /Lifestyle /Organizations /LETS - Local Exchange Trading Systems /UK
		Exchange goods and services in Warrington; no £s involved; community membership club.
		Benefits How Issued Unit of Account Exchange Rate Incentives Applications Related Resources Interact Benefits of the LETS model: No central authority is required to guarantee the currency and...
		econ-lets is intended for discussion of the economic, social and telematics issues surrounding the development of LETS (Local Exchange Trading Systems).
	www.omniseek.com /srch/{55246} (290 words)

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