Almost here!!! Gold based currency...to use with LETS

We've been waiting almost 6 months for the new gold based currency to come online and it's almost here!
The founder edition coins have been minted and we are now waiting for the notes to be printed so that we can use them for the LETS - we will tell all when we are more operational and ready to go, we are making sure everythings in place before we announce it as these projects can get scuppered before they start if some people have their way...

This will be a world wide currency so the advantages of using it in a LETS is that you will be able to go to any LETS that is using it and offer services etc - we hope that many of the outposts will use it as a basis for starting their own LETS in their town.

More later in the year - but we envisage launching our LETS in Autumn. Let's hope we will all still be around then... war is inevitable...

Comments

Geoffrey Tolle's picture

Almost here!!! Gold based

  • [Sorry, my HTML isn't working right]
  • Have you changed the operational foundations of your gold-based economic system?
  • If you haven't, then you are going to face the same economic issues that non-gold-based money faces. You obviously object to the promisory nature of non-gold-based money yet, in most economic systems, gold is valued for its rarity and "promise" rather than any true value. Remember that fractional reserve banking began on the gold system. Moving off the gold system only made it easier.
  • In Columbus, Ohio, we are trying to develop of work/goods-based alternative economic system more akin to Time Dollars than LETS. We feel that such a system is more stable in times of hardship, less subject to inflationary pressures, and more reflective of a solar (sustainable) economy. Unfortunately, we still have a long way to go before we are truly "on-line".
  • Anyway, good luck with your system. As long as it incorporates appropriate fundamental changes in the economic structure, it's a better system than what we currently have nationally.
  • Geoffrey Tolle - If the future is dark, then at least we'll be able to see the stars.
Kim Dixon's picture

A golden reply...

Hi Geoffrey Thank-you for your comment and good luck with your enterprise too! There's room for us all! The issues raised in your comment assume that you turn the control of gold over to the Government - what happens if you put it into the hands of the people? Fiat currency systems require exponential growth to service an illusion - there is no illusion with gold.You speak about the value of gold, the value of gold never changes, one ounce of gold at the turn of the 19th cen could buy you a good suit and today the same ounce will do the same! Stop thinking in terms of the buying power of today's currency systems - they have none - gold is only useful and represents wealth when it can be traded for what really matters - land, food, water and energy.It is indestructible, portable and relative to it's size represents large buying power - that is it's intrinsic worth - and it can't be cheated unless it substituted by promissory notes which are not subject to an independent audit. The purpose for introducing gold is that at present in the 'real' world, it is able to establish itself in competition to the current monetary systems. This makes it desirable and people will work for it and trade it - the rest is education, but you cannot educate those who never see the truth of the massive fraud of the current fiat sytem because they live in a created world the powers that be have created. We have to work with the ordinary working people and we have to provide practical solutions in out current reality. Most LETS have failed due to a 'green' mentality - what I mean by that is, most people are not interested in exchanging photocopied vouchers or tokens, some have even been bitten by doing a lot of work and the LETS have then failed, to be left with nothing for their hard work. Ordinary people will steer clear of any possible 'hippy' idea - it is usually unrealistic. They have to live in the economic climate we have - we can only educate them if we give them something which is worth (they would consider) as much as the pound in their pocket! This new currency will be interchangeable across other LETS if you move towns or countries and we also hope that local traders will also accept it for buying their goods on the high street. LETS need to grab ordinary people where they are. Having to pay a mortgage, feed their kids, go to work and be brain-washed by the system!!! It is no good starting from a lofty ideal only to have it collapse before it starts because not everyone is aware of global issues and some do not share our views for the future Gold is NOT an end - it is a brilliant beginning...
FutureNow's picture

LETS?

To show my ignorance with a question, What is LETS??
Kim Dixon's picture

LETS Reply

Hi Wikipedia explains it very well http://en.wikipedia.org/wiki/LETS Here's an example of a LETS working in Britain. http://web.ukonline.co.uk/freshwater/lets.htm