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Home » Articles & Papers, Currency Proposals, Featured

The Terra TRC: A Global Complementary Currency to Stabilize the World Economy

Submitted by on January 14, 2010 – 10:54 pm4 Comments

Untitled design (13)The Terra is a global complementary currency designed to provide an inflation-resistant international standard of value; to stabilize the business cycle on a global level; and to realign stockholder’s interests with long-term sustainability.   From a legal viewpoint, the Terra is standardized “countertrade” (international barter), which is routinely used for over one trillion dollars worth of transactions per year.   Legislation on countertrade exists in about two hundred countries, including all the major trading nations.  Introducing the Terra would therefore not require new international governmental agreements.

[youtube]http://www.youtube.com/watch?v=5Zoud9tFEmw[/youtube]

4 Comments »

  • Dexter Capoccia says:
    March 15, 2011 at 7:41 am

    Thank you very much , this is exactly what i am looking for , it change my trading mined .

  • Fredrik Eriksson says:
    September 29, 2012 at 10:13 am

    The article seems to have been removed. Any chance of accessing it somehow?

  • Jef says:
    December 16, 2012 at 11:34 am

    Article still missing… can you please fix the link?

    Thanks.

  • Mike says:
    June 27, 2013 at 5:52 pm

    What about the concept of doing an investment backed currency. Ie. The currency is backed by shares of an enivronmentally friendly ETF. Mobile phones are advanced enough to allow people to swap these instead of cash when trading for goods or services. Also it would be less costly to operate since you don’t need to physically store any goods. Further, it wouldnt take any commodities off the market.

    However, this is more of a plan that encourages certain parts of an economy, not necessarily a plan to fight inflation.

    Also, there’s a $20 gift card for whoever gives the best critique of this idea.

    http://blueacreblog.blogspot.com/2013/06/socially-conscious-currency.html?m=1

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