>[ijccr] Chavez to create local currencies for the poor
>Posted by: "Miguel Yasuyuki Hirota" mig@...
>Date: Fri Mar 30, 2007 8:55 am ((PDT))

>Dear all, I'd like to share with you an important news from
Venezuela:
english.eluniversal.com/2007/03/30/en_eco_art_chavez-to-create-cur_30A850293.sht\
ml

ElUniversal.com
Friday March 30 2007

EU: Chavez to create currency for barter

Venezuelan President announced creation of a "community
currency system," intended to facilitate trade of products
among organized low-income communities.

JCT: The very first two 2 lines of political poem from the
King of the paupers was:

"Why represent our wealth with their chips for a fee,
When we can represent our wealth with our chips for free?"

JCT: So, If we poor represent our time with our chips for
free, Why represent our time with bank chips for a fee?
Game over for the banksters.

EU:Chavez instructed Minister of People's Economy Pedro
Morejon "to set a date" for implementation of this
"alternative trade system," Efe reported.

JCT: Can Canadians join their barter network too? We'll find
them accommodations in Canada if they'll find us
accommodations in Venezuela?

EU: He added that the relevant regulations could be enforced
through a presidential decree, under the special ruling
powers conferred upon him from February 2007 to mid-2008 by
the National Assembly.

JCT: Casino Banco de Venezuela tokens are good here too.

EU: The alternative trade system is aimed at "giving the
poor the chance to acquire products through barter, with a
barter currency that may circulate in a given territorial
space and that is valid for a given period," Chavez said in
his TV show "Alo, Presidente! (Hello, President!) late
Thursday."

JCT: Oh no, an expiry date is a demurrage booby-trap.
Everyone will want to get rid of it before it expires. Just
as no one wants to be caught with the Queen of Spades in
Hearts, no one wants to be caught with the expiring money.
But one of the Canadian Dollar systems fixed the users'
abhorence of their currency just by cancelling the expiry
date. Otherwise, Hugo's Team won't get an A in Banking
Systems Engineering from the Professor of Banking Systems
Engineering even they will get a B. With an upgrade to an A
as easy as cancelling the expiry date.

EU: According to Chavez, "a system based on community
currencies is operating in north Brazil and some towns in
Mexico."

JCT: The only way to intertrade three different national
social currencies is by converting to the time-standard of
money.

Isn't it neat watching a whole continent throw off their
debt shackles even if almost no one else is aware of what's
going on. Remember how Argentina went from broke to IMF-
debt-free with no one being aware that a financial miracle
was even going on. It's the same now. Only we few on the
inside get to watch the South shuck their financial chains.

E-barter of people's time is here to stay. Again, can
Canadians open timetrading accounts with their networks too?

So Hugo's social currency system will get a B from the
Professor of Banking Systems Engineering unless they cancel
the expiry date.


--
Abolitionist Slave Leader John C."The Banking Systems Engineer" Turmel
for UNILETS interest-free time-based currency in U.N. resolution C6
to Governments in the http://www.un.org/millennium/declaration.htm
http://www.cyberclass.net/turmel 519-753-0645 USENET: can.politics