Date: 2020-09-26 Page is: DBtxt001.php txt00001432
Money, Banking and Financial Services
This is a useful explanation of how major currencies work to accentuate real economy problems, while a local regional currency can work to strengthen a local economy.
The video is about Germany and the Euro/Zone. It is done in english, but the origins of the essay are German.
The conclusion is that there needs to be multiple levels of currency ... regional, continental and global, rather than the single currency set that is used at present. The economic logic of the single currency set is that it results in an unstable global system rather than one that is desirable and stable.
What are regional currencies?
Uploaded by regionalgeld on Aug 5, 2010
What are regional currencies? Regional/local currencies are a relatively new phenomenon in economy. Since in 2003 the 'Chiemgauer', a local currency at the lake Chiemsee (Germany) started off, the project has inspired many similar projects, and enriched the ideas about how money can function a lot.
Regional currencies are a medium of exchange designed for a certain region, which are used in addition to the currency of the country.
TrueValueMetrics (TVM) is an Open Source / Open Knowledge initiative. It has been funded by family and friends plus donations from well wishers who understand the importance of accountability and getting the management metrics right. TVM is a 'big idea' that has the potential to be a game changer leveling the playing field so the wealth and power is shared on a more reasonable basis between people who work for a living and those that own the economy and the levers of power. In order to be effective, it cannot be funded in the conventional way with a for profit business plan, but absolutely must remain an open access initiative.