THE FUTURE OF MONEY Bernard A. Lietaer - library.uniteddiversity ...

-A Global Reference Currency
-Three main Multinational Currencies
-Some National Currencies
-Local Complementary Currencies
1. A Global Reference Currency
Several corporate scrips are competing on the Net, issued by the
likes of Amex, Microsoft, and an alliance of European and Asian
corporations. Some have created special subsidiaries - with strong
and liquid balance sheets - to issue these currencies and provide them
with stronger credibility, One such currency has taken the form of a
Global Reference Currency as described in Chapter 8, and arose from
a systematisation of corporate barter.
Barter - the exchange of goods or services without the use of any
currency has been around since the dawn of mankind. Because of
this, barter has often been seen as an 'inferior' or 'primitive' form of
exchange, sometimes associated with the underground economy. Ah
this has completely changed over the past decades, and the barter
industry has now two major trade organisations, the International
Reciprocal Trade Association – (IRTA, website www.irta.net) and the
Corporate Barter Council (CBC),
What follows is the timetable of the growth of both barter and the
cyber economy, and how their convergence created a corporateinitiated
Global Reference Currency (all data until 1999 inclusive is
actual, and is projected thereafter).
Emergence of a Global Corporate Scrip (1960-2020)