The Terra TRC: A Global Complementary Currency to Stabilize the World Economy
Submitted by blietaer on January 14, 2010 – 10:54 pm2 Comments
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.
Thank you very much , this is exactly what i am looking for , it change my trading mined .
[...] remedy Lietaer proposes is the development of a trading currency, the Terra, indexed to a bundle of resources and goods that remain stable over time. A currency with a [...]