BTW, Wyld, It is not, "just another form of currency". Once barter currency becomes a widely accepted system--as it will if tradeBUX are accepted as payment for taxes--can you imagine the implication that this will have for the economy, especially the local one?
GLOBALIZATION--the good and the bad effects
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Globalization has been good for some businesses and for the people who work for them. For example, it is good for those in the commodities sectors; those with minerals, timber, and produce to export. China buys a lot from resource-rich Canada.
However, Globalization is bad for the manufacturing sector. Look at the number of jobs that have been lost to the cheap labour markets like China and Mexico.
TradeBUX, as a system, is a way of putting skilled people to work for one another, and paying one another, in the local econonmy.
For example, Let us suppose that I own a car repair business and you come into my shop to get your car fixed. This involves you having to pay me for parts and labour.
To cover my costs for the parts, which I have to import, you will need to pay me in federal dollars.
However, labour is another matter. Labour is a local product. If we are part of the tradeBUX system then these could be used to pay a large part of the bill. Of course, to simplify the transaction a plastic card could be used to keep track of things just like we do with debit cards.
Meanwhile, if tradeBUX can be used to pay part of the taxes involved, this makes tradeBUX acceptable to all involved.
By the way, where did you get the tradeBux to pay part of my bill?
TradeBUX come from two basic sources. First, you get them for depositing so many hours of your skill into the system. Second, if you qualify for welfare, you get them from the government store of tradeBUX which it collects in taxes.
This system will work for anyone who wants to save federal dollars to buy things which have to be imported.
But can you imagine what a boon it is for someone who, in terms of federal money, is living at or below the poverty line? It could make the difference between having a car, or not having one, to get him and his family to where they have to go.
TradeBUX are good for everyone, including governments.
For the unemployed and the working poor they will make all the difference one can imagine.
Here is a challenge:
Imagine yourself as a member of the tradeBUX system. Come up with things and skills you have and are willing to trade.
Now, come up with things you want and willing to accept from others in the system.
