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Monthly Archives: November 2013

A look into some alternative local currencies reveals very quickly the diversity and profusion of communities everywhere making a concerted effort to go economically off-grid. Each rendition of a Time Bank, a LETS currency, a loyalty system, a barter network, has distinctively presented a platform for exchange capable of supplementing the use of national (fiat) currency with debt-free, money-free solutions. What really gets me going particularly is a concept known as mutual credit, aka credit clearing, or a community exchange system.

One such credit clearing system recently grabbed my attention, pioneered by a Scottish man, Richard Logie, and called GETS (Global Exchange Trading System), indeed employs a type of complementary currency in which the currency used in a transaction can be created at the time of the transaction. Meaning, no prior earning of money is required to begin exchanging. This is what a LETS does of course, but where GETS differs is in its advanced capacity to issue credit based on a matrix of evaluations, making it scalable from small P2P local systems to large B2B enterprise. It is essentially the leading-edge of credit clearing, having the capacity to evolve with the needs of its members and the demands of expanding communities.

Watch this TEDx presentation by Richard himself about the core principles of GETS —

Additional to, and equally critical as, the mechanism of exchange which is currency (energy), is the platform on which we DO the exchanging! In this new age of information, where Internet social media and sharing-economy tools are exploding with energy, we are seeing a tremendous multiplicity of perceived Value representation taking hold. The online environment fundamentally redefines “successful business” by establishing transparent, data-driven norms such as buyer/seller reviews (see eBay), 5-star ratings (see Yelp), vouches, references, and “the story” (see CouchSurfing, AirBnB), likes, comments, subscriptions (see just about everything on the Internet).

We are also seeing a huge influx of modern day peer-to-peer barter networks and resource-sharing and trading platforms collectively known as the collaborative consumption market. Browse the directory, wow! While traversing such a vast and varied landscape of goods and services, it quickly becomes apparent that just about any need can be met in collaborative fashion, many times at no cost, and that there seems to be a recurring method for determining exactly what, when, where, and how these exchanges are fulfilled. And if it’s not hard cash, then it almost certainly revolves around trust, reputation, relationships, and the story.

Check out what Rachel Botsman has to say about it —

All the Internet’s positive reviews, vouches, references, ratings, likes, comments, badges, and accomplishments I see as Prime Value in a digital world, but not in the way it is presently capitalized by those seeking to harvest (extract Energy Value for sale to undisclosed 3rd parties) for profit. Precisely the opposite, actually (thank GOD)!! This information, in a Vectorance environment, becomes CREDIT for the individual RECEIVING the GIFT of the energies represented in that information. Talk about a 180° in how we experience pretty much everything. This of course is also how credit would be perceived in real life—as Gratitude—and this credit can be measured in a number of ways, some of which are demonstrated by Richard Logie’s mutual credit issuing matrix of GETS. In Vectorance, the story means everything.

And it gets more interesting …

The idea for Vectorance came to me quite late in the night, sometime out-of-time, likely into the early morning of the 5th of this month, November 2013. It happened to be during a Mercury Retrograde, and followed a rather potent New Moon/Solar Eclipse weekend. These influences no doubt allowed space for some “out of the box thinking,” and actually the feeling was more like a flood of new energy–I could barely write fast enough!

I had begun my pondering of a value exchange where I had a couple times before, thinking of currency in the fashion of a LETS or similar mutual credit clearing system where “a group of traders, each of whom is both a buyer and a seller, agree to allocate to one another sufficient credit to facilitate their transactions among one another.” In these systems, accounts can run negative from a starting balance of zero, which I’ve always liked, meaning the “lending” occurs on a P2P basis, and the risks are absorbed without interest by the whole community.

But I knew a completely new-paradigm value system would have to be much more than this. We, as BEings of Eternal Essence IN-body, living in an abundant, conscious, loving Universe, ARE the Value, each the creditor, and the bank, and no single dollar amount can quantify that. Currency has always been about the energetics, the cooperation of a people, the relationships, the gratitude, and the trust; “money,” as it has been thrust upon us, works only in the vibration of scarcity, lack, and fear.

And so “money” is precisely what we intend to leave behind.

Currency is a stream of Energy which seeks to flow.

Massive Energy Potential wishes to become Kinetic at this NOW moment.

And `I` IS the gate, like a river dam.

When Energy is received (formerly known as “consumed”) and encounters the Choice of `I` (dam), `I` chooses to either store this as Potential or release. The present “financial” (finite) system says we must “spend” (subtract from our Value) in order to receive. But this IS NOT true.

There IS NO subtraction. There IS only relation. Ratios of input/output between inbodyments.

Energy we release (give) becomes Kinetic, and originates from an Infinite Source (Creator) that does not diminish. It IS a currency of Gratitude and its transfer IS a Deposit of Value—DOV—an energetic investment in another inbodyment. There IS no limit to the deposited amount, and it can be any number of relative perceived significance, indicative of personal meaning. There IS NO subtraction in giving, just as there IS NO subtraction in receiving.

ALL IS.

Gratitude, energetic Deposits of Value (DOV), are NOT susceptible to Domination & Control because it is impossible to “profit”. It can NOT BE taken—only given and accepted. Value is recognition of Quality of connection therefore, of uniqueness of exchange, and of content IN context. Quantity-seeking, while still a free-will Choice, becomes a fool’s quest, because the only game in town truly IS Abundance.

Stay tuned !