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Earth Federation HOURS Currency
11. Promotion. Agencies of the provisional world government World Economic Development Organization (WEDO), Earth Financial Credit Corporation (EFCC) and Earth Federation Funding Corporation (EFFC) shall communicate with persons and groups that are seeking global standards and a world currency, for the purpose of building a network for launching the new currency system.................
Since there already exists local alternative currencies in communities worldwide it should be determined whether these communities accepting Earth Federation HOURS at a calculated hourly minimum wage exchange rate, would create the foundation for building a network for a new currency system.
The revitalization of bartering, decreased trust in banks and increasing community focus broadens the adoption of alternative of alternative stores of values for trade.
Allied to the changing role of money globally, it is projected that there will be a rise in the wider adoption of what have been labeled as ‘local currencies.' Over the next decade, more people will probably prefer to use more regional, local or even personal currencies. Local currencies have been attracting a lot of attention and there is history in this space ranging from Local Exchange Trading Systems, frequently derided as ‘babysitting tokens’, to Time Banks and so on. However, the next generation of money may be more about so-called ‘alternative currency’ rather than a return to the approaches of the past.
Although in no way guaranteed to be pervasive, local currencies, or alternative means of value exchange, will be prevalent worldwide by 2020. The ability to use something other than the euro, dollar or other national currencies as the means of exchange within your own community is an increasingly likely option for us all.