Time Banking, Will time be the new currency to pay of unemployed

Recently I ran into timebanks.org an initiative for those that have run out of money and have time to spent. They describe the basic principle of time banking as follows:” At its most basic level, Time banking is simply about spending an hour doing something for somebody in your community. That hour goes into the Time Bank as a Time Dollar. Then you have a Time dollar to spend on having someone doing something for you. It’s a simple idea, but it has powerful ripple effects in building community connections.”

So here is the trade. All those people that are currently unemployed should open an account at a timebanks affiliate nearby. they should do the self assesment in order to find out what they have to offer to the world or in other words what they can do for others in the time they have abundant since they are unemployed.

As timebanks started as a volunteers initiative the way they organise the functional trade of time brings in a new equivalent of cash. This way all those gazillions of printed mickey mouse money wont be needed to get things done by people that can do the things. Whatever happend with bartering, it’s back and the internet solutions can speed up a new real life economy for those with time without money.tb_logo

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