Indigenous Money System

The Global Community Brokerage System

It’s a Global trading system Global Mutual Credit System that doesn’t require old fiat money. When you join a Noocratic or World Credit Union or Public CreditBank, your business is listed in the World Open Marketplace, where you add any security or private equity offering and purchase what you want or need to make in the Open Market. When you’ve added your security or private equity offers and buy orders the World Open Marketplace automatically posts current trade offers for you, as well as suggests new suppliers and customers through our Open Market Recommendation tab. If you open your World Open Marketplace listing and become a Global Community Member, you get an account with a balance of zero and an unlimited credit limit in World Credits, denominated in Nomni’s enabling you to trade with other businesses throughout the Global Village and Etha Network. When you buy from another member, their account is credited, and your account is debited by the same amount.  When you sell to another member, your account is credited (your account balance is increased). There are limits to how far you can go into credit or debit. That’s it as far as the basics are concerned.

Why should I join?

There are lots of private and public benefits, mainly around public trust and public cash flow but The World CreditBank Network as a SWIFT Alternative has bigger implications too. Potential customers can find you, contact you, and pay you in mutual credit or in old or new fiat money – or you can pay with a mixture of the two or three. You can find new customers, vendors, and government contracts and they can buy from you even if they have no initial money or funding, and you can buy from suppliers, even if you have no initial money or funding money, with no interest to pay. It’s very difficult for small businesses to get credit from banks, and The CreditBank Network provides a way for businesses to allocate credit to each other. By transacting in mutual credit, instead of old fiat money and subjective credits, you can also avoid bank fees, and interest payments and help co-create the new sharing economy. Purchase your first share here. Post your first buy order in the W.O.M.E

How do I join?

Create your free World Open Marketplace Security or Private Equity / Placement listing through EtherTrade. Add the private equity or placement products and services you’re offering, so that potential customers of our global community system can find you, plus the products and services you want, to discover your potential matches – it’s FREE and only takes 60 seconds to sign up. Learn how to make your initial deposit here.

Does Mutual Credit have an Ideology?

No. It’s just a tool of the Global Public credit banking system from Nibiru Reserve– it’s apolitical. There are libertarian elements on the right that have been proponents of choice when it comes to money. For the left, it takes power away from giant corporations and banks. Even anarchists like it because all the credit in the system comes from the producers and is controlled by the producers. And for both left and right, it builds resilient communities that generate trust – something that we all need. We’re not concerned about ideology. We’re concerned about practicality – what works, what’s going to make things better. Learn more about the Voucher / Virtual Dollar Facility.

Can Mutual Credit Really Work, in the real world?

Yes it can and it does work – mutual credit networks have been working all over the world in different forms for more than 90 years. Sardex is a business-to-business (B2B) credit network in Sardinia, with trades worth the equivalent of over 43 million euros in 2018 – on an island with the population of Birmingham! The WIR Bank started in Switzerland during the depression in the 1930s. In 2005 there were trades equivalent to 6.5 billion swiss francs (about £4-5 billion) – but with no money involved. Also, in the 1960s and 70s, commercial barter schemes and trade exchanges developed that allow large businesses to trade by offering trade credit to each other, avoiding interest on bank credit. Commercial exchange brokers make their money from fees and commissions, and are overseen by the International Reciprocal Trade Association. Some are huge – like Bartercard – but they’re for-profit and not democratic.