HOURS - helluva Organized United Reciprocation System: Difference between revisions
No edit summary |
No edit summary |
||
| Line 5: | Line 5: | ||
hOURS has been up and running since June, 2001 in the Philadelphia area. In August, 2004, hOURS was established in the Boston area as well. Presently a new enclave is forming in New York. | hOURS has been up and running since June, 2001 in the Philadelphia area. In August, 2004, hOURS was established in the Boston area as well. Presently a new enclave is forming in New York. | ||
=== | === About === | ||
http://www.facebook.com/hOURSystem | hOURS is a sort of "People's money". When we buy and sell things we need not use dollars, or yen, or any other national currency. Using money of our own creation takes financial power away from the banking establishment and puts it in our own hands. | ||
=== On Facebook === | |||
http://www.facebook.com/hOURSystem | |||
[[Category:Is-Timebank]] | [[Category:Is-Timebank]] | ||
Revision as of 07:18, 28 December 2012
hOURS is a “mutual credit” trading system. We use credits of our own creation as a medium of exchange. Thus it’s not really barter, because direct reciprocation between the parties need not be arranged. We call the credits Hours, each referring to the familiar unit of time. It’s like using time as a form of money.
hOURS has been up and running since June, 2001 in the Philadelphia area. In August, 2004, hOURS was established in the Boston area as well. Presently a new enclave is forming in New York.
About
hOURS is a sort of "People's money". When we buy and sell things we need not use dollars, or yen, or any other national currency. Using money of our own creation takes financial power away from the banking establishment and puts it in our own hands.