Time Banks

In these tough economic times, Time Banks provide their members a way to exchange services without using money. People use time credits that they can earn by providing work that they enjoy doing, or are skilled at. This system also helps remind individuals of their personal worth during a stressful period of unemployment. VPT will visit with people currently making use of the Time Bank system.

Category:

News & Politics

Tags:

• Time
• Banks
• economy
• public
• television
• nhptv
• vpt
• mpbn

[gildone84]

I don't think it should be a goal not exist. The traditional monetary system has limits. It's based on scarcity and doesn't value everything properly. Everyone has at least some time, so time banking helps deal with the scarcity issue. It's also a way to value to things the monetary system fails to value-helping your neighbors, building community, strengthening neighborhoods. Parallel currencies like time dollars are important for compensating for the traditional monetary system's shortcomings.

[needlepro]

@jazztrio2008

I'm not a member of this time bank, so I don't know for sure, but most time banks that charge a membership fee also let members "earn" their fee through services (time dollars) rather than having a strict requirement for cash.

[rachael1723]

They picked AN onion because of the bioregional significance of the leek and onion -- the "Winooski River", etc.

[JaminHell]

why pick a Onion? why not pick a name like:"Plum River Exchange" (purple/white logo with a touch of sweetness to it)

[JaminHell]

thats equal to 2,500 pennies!! wow.

so what i can do is find pennies in the floor and keep collecting and by the end of the year i would have equal or greater than 2,500 pennies!! yahooooooooo!

[jazztrio2008]

your unemployed, have no money, and you charge 25 for a year. No way

[kingofthepaupers]

Jct: Best of all, witha local currency pegged to the Time

Standard of Money (how many dollars/hour child labor) Hours

earned locally can be intertraded with timebanks globally!

In 1999, I paid for 39/40 nights in Europe with IOUs for nights

back in Canada worth 5 Hours.

U.N. Millennium Declaration UNILETS Resolution C6 to governments

for a time-based currency. ee my banking systems analysis at my kingofthepaupers youtube

channel

[rachael1723]

This is amazing! Thanks for featuring The ReStore and Onion River Exchange!