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LETS can alleviate poverty, by using an alternative currency to pay for local items like food and accommodation, thereby increasing the proportion of your federal currency available for bills.   kellyjones00 (593)

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Local Exchange Trading Systems (LETS) tips: The main difference between capitalism and LETS is what growth means: for the former, it means a few very wealthy members have a massive amount of credit, while the overwhelming majority are in relative debt; while for the latter, LETS growth means: an overall balance between buying and selling, based on a high frequency of buying and selling transactions by all members. Thus, LETS growth is not about more positive balances in bank accounts, but more interactions between all members. This is also the basis of a healthy, resilient community. Save federal currency for imports and non-local bills and goods, like phone and internet, doctor's fees, fuel, electronics, etc. Create economic resilience of a local community, separate from global economics. Avoid converting federal currency into the LETS currency when producing goods. For instance, sell items made from raw materials you can grow or obtain freely, such as "weeds" and other unwanted things. Buying in federal currency, to sell in LETs currency, means you have less of both. Trade with other locals in your own currency, for goods and services produced locally, but trade with non-locals in the federal currency. Find out what other locals need, then produce a unique, interesting solution to that need.    kellyjones00 (593)

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