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Alternative Currencies 11 Oct 2012 21:36 #1

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Alternative Currencies

In Volos, a small town in Greece, there is a community that no longer pays for items with money. While Greece is in deep economic debt, people in Volos have been able to fall back on a different system. With a network of about 900 people, the inhabitants do not use the euro but exchange items to purchase goods.

After five years of recession and with a 21 percent unemployment rate they introduced an exchange system, called TEM , a few months ago. The system is based online and once people sign up for a TEM network account, they can offer their goods and services. They can also purchase items and services from other people. Food, electronics and clothes: everything can be bought with TEM. Just like with the normal system you will gain credit when providing goods and you will lose credit when purchasing goods. In theory, one TEM is about the equivalent to one euro/dollar.

Inhabitants of Volos enjoy using the system, as it provides them with greater financial stability and purchasing power during the dark days of economic crises and Greece’s worst recession in modern history. Although the community is very happy about the system, it is far from sure if TEM will become the replacement for the Euro in Greece. Mayor Panos Skotiniotis also states that the euro does not have to fear for TEM. He supports the system as a supplement to the euro but not as a replacement because he wants to remain in the single currency. Still the alternative currency users are growing in the community and there are even businesses depending on it.

There are more than a dozen systems like TEM in Greece. The markets in Volos are busy with people who trade and barter without using the euro. Most people think it’s liberating. When the Euro was introduced in 2002 in Germany other means of exchange were also introduced. Nowadays, more than twenty pay systems exist in Germany, one of which is the Chiemgauer. The Chiemgauer is intended to create employment, promote non-profit work, promote the environment and the stimulation of the local economy.


Also in the United States there are a number of alternative currencies like Berk Shares in Western Massachusetts, Cheers in Detroit, the Bay Area Community exchange, Ithaca Hours in New York and Timebank in California. In the American state of Utah they use precious metals like silver and gold coins as legal tender.
www.indymedia.org.uk/en/2012/10/501136.html
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Re: Alternative Currencies 11 Oct 2012 21:38 #2

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VOLOS, Greece — The first time he bought eggs, milk and jam at an outdoor market using not euros but an informal barter currency, Theodoros Mavridis, an unemployed electrician, was thrilled.
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The barter network in Volos has grown to 400 members.
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Eirini Vourloumis for The New York Times

The barter network in Volos has grown to 400 members.

“I felt liberated, I felt free for the first time,” Mr. Mavridis said in a recent interview at a cafe in this port city in central Greece. “I instinctively reached into my pocket, but there was no need to.”

Mr. Mavridis is a co-founder of a growing network here in Volos that uses a so-called Local Alternative Unit, or TEM in Greek, to exchange goods and services — language classes, baby-sitting, computer support, home-cooked meals — and to receive discounts at some local businesses.

Part alternative currency, part barter system, part open-air market, the Volos network has grown exponentially in the past year, from 50 to 400 members. It is one of several such groups cropping up around the country, as Greeks squeezed by large wage cuts, tax increases and growing fears about whether they will continue to use the euro have looked for creative ways to cope with a radically changing economic landscape.

“Ever since the crisis there’s been a boom in such networks all over Greece,” said George Stathakis, a professor of political economy and vice chancellor of the University of Crete. In spite of the large public sector in Greece, which employs one in five workers, the country’s social services often are not up to the task of helping people in need, he added. “There are so many huge gaps that have to be filled by new kinds of networks,” he said.

Even the government is taking notice. Last week, Parliament passed a law sponsored by the Labor Ministry to encourage the creation of “alternative forms of entrepreneurship and local development,” including networks based on an exchange of goods and services. The law for the first time fills in a regulatory gray area, giving such groups nonprofit status.

Here in Volos, the group’s founders are adamant that they work in parallel to the regular economy, inspired more by a need for solidarity in rough times than a political push for Greece to leave the euro zone and return to the drachma.

“We’re not revolutionaries or tax evaders,” said Maria Houpis, a retired teacher at a technical high school and one of the group’s six co-founders. “We accept things as they are.”

Still, she added, if Greece does take a turn for the worse and eventually does stop using the euro, networks like hers are prepared to step into the breach. “In an imaginary scenario — and I stress imaginary — we would be ready for it.”

The group’s concept is simple. People sign up online and get access to a database that is kind of like a members-only Craigslist. One unit of TEM is equal in value to one euro, and it can be used to exchange good and services. Members start their accounts with zero, and they accrue credit by offering goods and services. They can borrow up to 300 TEMs, but they are expected to repay the loan within a fixed period of time.

Members also receive books of vouchers of the alternative currency itself, which look like gift certificates and are printed with a special seal that makes it difficult to counterfeit. Those vouchers can be used like checks. Several businesspeople in Volos, including a veterinarian, an optician and a seamstress, accept the alternative currency in exchange for a discount on the price in euros.

A recent glimpse of the database revealed people offering guitar and English lessons, bookkeeping services, computer technical support, discounts at hairdressers and the use of their yards for parties. There is a system of ratings so that people can describe their experiences, in order to keep transparent quality control.

(The network uses open-source software and is hosted on a Dutch server, cyclos.org, which offers low hosting fees.)

The group also holds a monthly open-air market that is like a cross between a garage sale and a farmers’ market, where Mr. Mavridis used his TEM credit to buy the milk, eggs and jam. Those goods came from local farmers who are also involved in the project.

“We’re still at the beginning,” said Mr. Mavridis, who lost his job as an electrician at a factory last year. In the coming months, the group hopes to have a borrowed office space where people without computers can join the network more easily, he said.

For Ms. Houpis, the network has a psychological dimension. “The most exciting thing you feel when you start is this sense of contribution,” she said. “You have much more than your bank account says. You have your mind and your hands.”

As she bustled around her sewing table in her small shop in downtown Volos, Angeliki Ioanniti, 63, said she gave discounts for sewing to members of the network, and she has also exchanged clothing alterations for help with her computer. “Being a small city helps, because there’s trust,” she said.

In exchange for euros and alternative currency, she also sells olive oil, olives and homemade bergamot-scented soap prepared by her daughter, who lives in the countryside outside Volos.

In her family’s optical shop, Klita Dimitriadis, 64, offers discounts to customers using alternative currency, but she said the network had not really gained momentum yet or brought in much business. “It’s helpful, but now it doesn’t work very much because everybody is discounting,” she said.

In an e-mail, the mayor of Volos, Panos Skotiniotis, said the city was following the alternative currency network with interest and was generally supportive of local development initiatives. He added that the city was looking at other ways of navigating the economic situation, including by setting aside public land for a municipal urban farm where citizens could grow produce for their own use or to sell.

After years of rampant consumerism and easy credit, such nascent initiatives speak to the new mood in Greece, where imposed austerity has caused people to come together — not only to protest en masse, but also to help one another.

Similar initiatives have been cropping up elsewhere in Greece. In Patras, in the Peloponnese, a network called Ovolos, named after an ancient Greek means of currency, was founded in 2009 and includes a local exchange currency, a barter system and a so-called time bank, in which members swap services like medical care and language classes. The group has about 100 transactions a week, and volunteers monitor for illegal services, said Nikos Bogonikolos, the president and a founding member.

Greece has long had other exchange networks, particularly among farmers. Since 1995, a group called Peliti has collected, preserved and distributed seeds from local varietals to growers free, and since 2002 it has operated as an exchange network throughout the country.

Beyond exchanges, there are newer signs of cooperation from the ground up. When bus and subway workers in Athens went on strike two weeks ago, Athenians flooded Twitter looking for carpools, using an account founded in 2009 to raise awareness of transportation issues in Athens. The outpouring made headlines, as a sign of something unthinkable before the crisis hit.

With unemployment rising above 16 percent and the economy still shrinking, many Greeks are preparing for the worst. “Things will turn very bad in the next year,” said Mr. Stathakis, the political economics professor.

Christos Papaioannou, 37, who runs the Web site for the network in Volos, said, “We’re in an uncharted area,” and hopes the group expands. “There’s going to be a lot of change. Maybe it’s the beginning of the future.”
www.nytimes.com/2011/10/02/world/europe/...?pagewanted=all&_r=0
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Re: Alternative Currencies 11 Oct 2012 21:51 #3

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The best alternate currency would be no currency whatsoever :D

Too much too soon and the whole of the moon and all that though :p
“Fascists are not human. A snake is more human.” - Hugo Chávez
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Re: Alternative Currencies 11 Oct 2012 21:55 #4

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Isn't there a town in England somewhere doing this too? I read it somewhere...
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Re: Alternative Currencies 11 Oct 2012 23:13 #5

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psketti wrote:
Isn't there a town in England somewhere doing this too? I read it somewhere...

Yeah there is/was. Look it it up peski
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Re: Alternative Currencies 12 Oct 2012 00:01 #6

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There are sevaral Sketts...
The Acorn in Totnes, Devon.
"In March 2007 Totnes was the first town in Britain to introduce its own local alternative currency, the Totnes pound, to support the local economy of the town.[21] Fourteen months later, 70 businesses within the town were trading in the "Totnes pound," accepting them as payment and offering them to shoppers as change from their purchases.[21] The initiative is part of the Transition Towns concept, which was pioneered by Rob Hopkins, who had recently moved to Totnes.[22]"

en.wikipedia.org/wiki/Totnes

There also used to be 'Whites' in the Isle of White
www.iow.letslink.org/members/index.php

and...near to you Sketts at Findhorn they have some sort of system they introduced some 20 years ago! :D
Here's a course they did just last year


The system is commonly known as LETS....here is a paper from cambridge University...easy read btw!
www.kent.ac.uk/graduateschool/skills/pro...Colin%20Williams.pdf

and this one here about eco villages
gen.ecovillage.org/iservices/publication...dawson_economies.pdf

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Re: Alternative Currencies 25 Dec 2012 13:32 #7

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The first modern alternative monetary trial was done in the small town of Worgl in Austria 1932-33.

userpage.fu-berlin.de/roehrigw/kennedy/english/

userpage.fu-berlin.de/roehrigw/kennedy/english/chap2.htm

Look for a book by Silvio Gesell.

Also look up the 1949 film Passport to Pimlico

www.screenrush.co.uk/films/film-3931/

The very best tried and tested alternative, very rarely mentioned directly are skills in hand, and how those Greeks are using to make goods for trade, think from within, not what can be brought in.

Also, this, I have been to their lecture which was very informative.

www.incredible-edible-todmorden.co.uk/

There is also the Transition Towns movement, but sadly the Greens have infiltrated this movement and labelled it with the global warming label, which is a pity because the idea is a sound one.
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Last Edit: 25 Dec 2012 20:36 by The Apprentice.
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Re: Alternative Currencies 25 Dec 2012 14:18 #8

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Over the years we here as freinds and fellow craftsmen, have done in depth suddies and gained several skills, some vital as forms of alternative currencies, is so much as a skill learned, is, a form of currency in itself, a saving staving off the need to have money.

That said, I have contacted most of the up and coming type gatherings and community type setup's to see what they have in the way of skilled members. The findings were as expected, they were bu t not all lacking in the manual and mental dexterity to survive any less than living anywhere else, and money down was the basis of enacting or joining the said groups.

I offered them expert guidance as how to have members available to run specialised courses as to attract the right kind of people with money to spare, to bring in much needed assets, using that cash to aquire the materials and tooling to get the crafts and goods needed to survive thereafter.

I am by no means the ultimate authority on such matters, but have 20 plus years experience in this field and have most of the T-shirts, which we were to get the much needed subjects and products in hand.

There have been plenty of people willing to debunk what I try to share over the years, hut the puddings have already been made and eaten, the mistakes a many, not so many today.
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Last Edit: 25 Dec 2012 14:24 by The Apprentice.
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Re: Alternative Currencies 25 Dec 2012 14:36 #9

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I set up a kind of LET scheme on a classic car site I used to be a member of. The idea being to swap skills/labour and get those spare parts that lurk in shed out into use. Everyone that joined was given an immediate credit which they could start using from day one at no cost to themselves. All they had to do was commit to the idea and pledge to offer anything they could by way of the commodities of time,skills and parts.
A few got it and picked up the ball. The thing that became immediately apparent though was that despite those of us that got it doing our very best to help people understand, the vast majority of site members didn't get the idea of basically being given free money at the outset. They thought up every way they could of dooming it to failure. They demanded people put "real" money in...What I learnt is that this is one of the major obstacles. Most people just can't break free from the idea that the stuff you put in a bank is "real"
The scheme ran for a while and various good stuff happened but it failed due to the above lack of comprehension. :(
Last Edit: 25 Dec 2012 14:39 by dubs.
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Re: Alternative Currencies 25 Dec 2012 15:10 #10

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dubmeup wrote:
I set up a kind of LET scheme on a classic car site I used to be a member of. The idea being to swap skills/labour and get those spare parts that lurk in shed out into use. Everyone that joined was given an immediate credit which they could start using from day one at no cost to themselves. All they had to do was commit to the idea and pledge to offer anything they could by way of the commodities of time,skills and parts.
A few got it and picked up the ball. The thing that became immediately apparent though was that despite those of us that got it doing our very best to help people understand, the vast majority of site members didn't get the idea of basically being given free money at the outset. They thought up every way they could of dooming it to failure. They demanded people put "real" money in...What I learnt is that this is one of the major obstacles. Most people just can't break free from the idea that the stuff you put in a bank is "real"
The scheme ran for a while and various good stuff happened but it failed due to the above lack of comprehension. :(

Here similar schemes failed due to people getting what they wanted and others not having the skills or unwilling to learn new ones, the current paradigm has people very well trained to ignore what is most important.

Each other.
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Re: Alternative Currencies 25 Dec 2012 15:22 #11

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It's always worth trying things like this though. I went to help one chap diagnose what had gone wrong with his motor. At the time the guy didn't know the difference between a cam shaft and a crank shaft. He just had this mental block when it came to the internals of an engine. We spent the best part of a day together and as we went I explained what I was doing and why.....Anyway to cut a long story short, that day gave him a basis on which to build his knowledge and skills. He subsequently went on to learn more, do an engine conversion in the car and then to offer help and advice to others in need. So it was worth it :)
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Re: Alternative Currencies 25 Dec 2012 17:30 #12

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dubmeup wrote:
It's always worth trying things like this though. I went to help one chap diagnose what had gone wrong with his motor. At the time the guy didn't know the difference between a cam shaft and a crank shaft. He just had this mental block when it came to the internals of an engine. We spent the best part of a day together and as we went I explained what I was doing and why.....Anyway to cut a long story short, that day gave him a basis on which to build his knowledge and skills. He subsequently went on to learn more, do an engine conversion in the car and then to offer help and advice to others in need. So it was worth it :)

This, the way you encountered your guidance towards this person, is right out of my Grandfathers own manifest, you helped someone who wanted to help themselves, this model rarely fails and nearly always bears further fruit, my attempts have given hirth to two more musical instrument makers around the world.
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Re: Alternative Currencies 25 Dec 2012 23:42 #13

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Just :)
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