●An Alternative Financial System – The Talent Exchange


Are you ready for a paradigm shift? It’s a BIG one!

“…Conventional money is created as debt by private financial institutions for their own profit-making purposes, not as a social service. This is the root cause of the economic, social and environmental problems that beset us. The amount of debt determines the quantity of money, which has nothing to do with the amount of money we need to live decent lives…” [SANE extract]

Have you heard of such a thing as another economic system?

Where you exchange goods and services with out using cash?
And you don’t have to exchange the goods and services with the person who’s services you need but between anyone in a community, local and world wide
Sounds too good to be true – it does exist!
They use Talents [T] not their local currency, Rands [R]

Public Domain Money

The Community Exchange System’s (CES) money is public domain money. It is not ‘owned’ or controlled by anyone and as such belongs to the commons.
It is ‘created’ by the traders who use it, not by a third party outside the circuit of buyers and sellers (banks) who do so for their own parasitic gain.

When money is proprietary it confers the money power on those who ‘create’ and control it; when it is in the public domain the money power resides with its users, who can ensure that it is used for the public good.
Recover the money power by starting a new CES exchange in your area. Let the community decide how its efforts will be deployed instead of faceless and unaccountable individuals who do so for their private gain at others’ expense.
Money and credit belong to the commons. Recapture these powerful forces for the common good.

LINKCommunity Exchange System

LINK – find out more about the TALENT EXCHANGE

SANE = South African Economics System
“An independent network for the creation of a humane, just, sustainable and culturally appropriate economic system in South Africa”

Download ‘Ending Economic Apartheid’ by Joseph Edozien [PDF file]
Videos on money and debt

LINK – Community Exchange Network [Blog]

Join the Community Exchange Network’s social network – Join a group, engage in discussion, leave your comments and find out from CES traders around the world what it is like to trade without using your national currency.

Photo & image: Courtesy of the Talent Exchange [CES] website

3 Responses to “●An Alternative Financial System – The Talent Exchange”

  1. I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog.

    Tim Ramsey

  2. 2 Conrad Drury

    just read your blog. I am happy to see that the world is looking for ways to improve all of mankind. after 50 years of thought on ways to make all things the earth gives us, available to all and in such a way as to preserve our environment, I have written a little book outlining a new and practical economic approach that would eliminate poverty and starvation. It is fair to every living person and hurts no one. I am searching for a way to get published and into the hands of humanity. I do not have connections or resources to accomplish it my self.


    BIZLINKS says:
    hello conrad
    why don’t you sign up to the talent exchange and put your request on the WANTS page!
    it’s brimming with creative people and there are lots of editors who i’m sure know how to go about publishing something.
    would love to read it – to see what solutions you have come up with!
    good luck

    go to this page to sign up – it’s freeeee!

  3. 3 mansoor h khan

    A Radical Solution for America’s Insolvent Financial System
    The core problem of the United States’ banking system (and maybe the world’s banking system) is not liquidity but insolvency. The liabilities of the United States’ banking system exceed the value of its assets. The issue is not only the toxic assets (toxic mortgage backed securities, toxic commercial real estate loans, sub-prime mortgages, alt-A loans, adjustable loans likely to go bust, increase in prime mortgage default rates, etc) but also off-balance sheet liabilities (such as expected huge unaccounted for future derivatives losses).
    This means that bailouts are just beginning and will require bigger and bigger sums of taxpayer money as time goes on. The government will resort to borrowing more and more and eventually to printing money when treasury debt auctions start failing. The end result of this path is a currency collapse and probably total chaos as expected by gold bugs.
    One other way to deal with this issue is to stop the bailouts and let the dominoes fall. Defaults and cross-defaults will cause many, many depository institutions (even very large ones) to collapse leading to extreme decrease in money supply as bank deposits are destroyed. Deposits of failed banks cannot be used to pay bills, make purchases and/or service debts.
    Which will probably lead to even more defaults as unemployment increases and debtor’s are unable to service their debts. This process will probably cause extreme deflation as businesses lower prices in a bid to survive. This will also lead to wage cuts, increased unemployment and a deflation spiral and much chaos. But probably less chaos than a currency collapse.
    Is there a better way?
    Here is my idea:
    1) We essentially need an orderly bankruptcy and liquidation of the United States’ financial system.
    2) I suggest we create a government owned bank and transfer all deposits of the private commercial banking system to the new government owned bank. This “transfer” is really just new money creation. This new money will be digital cash (electronic version of physical paper cash). Very much like reserves at the FED.
    3) Note that the plan will not create net new money since we will be destroying all deposits of the commercial banking system in the process.
    4) All assets of the commercial banking system will be transferred to the government and auctioned off in an orderly manner over the next 10 years. The proceeds from the sale would go the United States treasury and not the commercial banks. The assumption here is that commercial banks deserve nothing since the entire industry would have been most likely destroyed any way. Even good banks would have been destroyed due to bank runs and defaults if the government had allowed the dominoes to fall. Of course bank shareholders, bank bond holders and counter parties of bank derivatives would not receive anything.
    5) After the transfer FDIC protection will be removed for any private bank which wishes to remain in business or any new private depository institution or bank. From that point on the government should make it absolutely clear that there will be no more bailouts and no more conversions. This will discourage (but not completely eliminate) fractional reserve deposit banking and private money creation that results from pyramiding of government created money. This will also limit debasement of the currency that results from fractional reserve deposit banking. In fact, we can have “free banking” from that point on and not even have reserve requirements or capital requirements. All depositors who use private banks will be fully at-risk. The industry will have to set the interest rate high enough to attract depositors.
    6) The new government bank will act as an electronic “piggy bank” only. All deposits will be 100% reserve and it will not make any loans. Loan making will be left to the private banking system (with no deposit insurance or a possibility of a future bailout). The new government owned bank exists only as a “safe” money storage and a payment clearing system so the public does not have to carry around physical paper cash to make purchases and pay bills.
    7) Of course this plan is not without pain or cost. Cost of funds for banks and borrowers will probably rise as bank deposits are a source of very low cost money for the banks. Nothing is free. We are just exchanging higher cost of funds for removal of systemic failure risk. Economically we are recognizing that when money is loaned there is always credit risk.
    8) We are just separating the payment and clearing transaction system which is absolutely necessary for day-to-day commerce (no credit risk) from the loan banking and investment system (has credit risk).

    Mansoor H. Khan


    bizlinks says:

    Wow thanks for this

    I hope that creative, dynamic thinking and debate leads to a fundamental change in our economic set up that is fair to everyone – that brings about abundance and prosperity especially to the disenfranchised

    That the privately owned banks never get bailed out by those that haven’t prospered from their fandangled investment vehicles [derivatives] that no one understood or at least didn’t bother to take the time to investigate the risks
    That those who’s are playing with the peoples money/investments – Dr Catherine Cowley said that after the big players and the banks have made a decision of what to invest in – using others money – they then ask -,
    “what affect will the decision we have made for out companies/share holder’s prosperity have on everyone else and the environment?”
    Cowley, emphasized in her interview on BBC’s Hardtalk that the crux of the matter is RISK management.- that none of those appointed to oversee the investments made in the derivative sector just didn’t do their research – due diligence – had there been due diligence the catastrophic world economic disaster of a year ago would have been averted.

    Canada is the only country that didn’t get hammered as they did their research and could see the risk was too high and not in the interest of the people
    [apologies to Dr Cowley if i have misrepresented what she was saying]

    That billions are spent on education for all so that they are not duped by those in power and can speak up for thier rights!

    I wish you great success and delights

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