We have just set up a test-bed for our latest currency experiment. COGS stands for Circle of Gifts, and is a complementary currency specifically designed to help local communities re-localise activities. The aim of re-localisation is to provide inhabitants with the possibility of an acceptable quality of life to inhabitants when traditional economic development fails, or their circumstances are against them.
We believe complementary currencies will become more important as energy supplies dwindle and impact the economic growth so essential for interest-based economic systems of nations.
We intend to help people explore how complementary currencies can help sustainable development, whilst developing the COGS concept and services.
From the COGS page you can find out more about COGS and the COGS experiment. You can also sign up to join the experiment, get started with COGS and start finding out how your local community can benefit.
Membership is free at this time, just sign up on the COMMUNITY EXCHANGE SYSTEM
Choose “Sweden” as country and “COGS” as the system.
Jct: Make sure to link your local currency to the Time Standard of Money. When the local currency is pegged to the Time Standard of Money (how many dollars per hour of volunteer labor, children too) Hours earned locally can be intertraded with other timebanks globally! In 1999, I paid for 39/40 nights in Europe with an IOU for a night back in Canada worth 5 Hours. You can too.
U.N. Millennium Declaration UNILETS Resolution C6 to governments is for a time-based currency to restructure the global financial architecture.
See http://youtube.com/kingofthepaupers on growth of the international time-trading network.