Tag Archives: Time Bank

A Interesting New Message On Benjamin Fulford ‘s Website. A New Financial System Expanding Fast – 22 December 2011

Comment by Lucas:

“This was on www.benjaminfulford.typepad.com  link to original article and Kauilapele also mentioned it link to article.

It was posted on the website but I do not know if it is from Benjamin Fulford himself. It is a story about the rapidly spreading LETS systems in the world. Some systems already have been succesful besides the old financial system now breaking down. The LETS System ( Local Exchange and Trading Systems) are already working in Europe, Netherlands ( Cyclos system), Spain (Banco de Tiempo), Canada(Reseau d’Echanges et Entraide Locale Canada), USA, Argentina, Bolivia, Uruqay (C3 system), Honduras, El Salvador, Costa Rica (PuntoTRANSacciones), Brazil (ComPRaS Business Network), also Ivory Coast, Senegal, Thailand, Australia (Services4u Community/Business Network) and many countries over the continents. They all already have some sort of exchange or trading system without money and NO-interest.  The systems work on a basis  of time, a certain value given to a product or service provided as exchange and all without real money.  Even Lets banks and internet based systems are popping up. Also Social Banking Systems within the old financial system that work with other standards without greed and not for profit  are getting stronger but will also go down with the old system . Continue reading