ime banking is a relative Time banking is based on time
new concept whose currencies, the units of time
foundation is the exchange exchange. The name of the time
of services rather than currency. currency is different from one
Even if it's probable that time time bank to another, but, in
banking won't replace monetary every situation, one hour of work
exchange very soon, it's a fact has an equal value with one hour
that time banks have a large of any other kind of work.
influence on communities and they
are surely on the rise. The person who had the greatest
influence on the time banking
The basic idea of time banking is movement is Edgar Cahn, a former
that everyone can contribute to lawyer. While he was recovering
the welfare of the community by after a heart attack he began
making exchange of services with thinking about the influence of
the others. As an example, if a the 80 hours of work a week on
person needs his car to be the relationships with his
repaired, a second person needs community and family, and
flowers for his front yard and imagining the terrible effects of
another person needs a new table medical emergencies on the
for his kitchen, they could make uninsured and underinsured. In
a deal one with another, even if the 1980s Cahn made known his
they don't have the money to pay ideas and he created the concept
for these services. In order to named time banking, as a solution
make these kind of exchanges, for these problems. After
people who generally don't meet broughting the time banking
need to interact, and they need concept to Maine, Cahn has
an infrastructure for doing this. launched a pilot time bank here
This infrastructure is now here. in 1998.
Time banking is expanding and economy. A proof is that Spain's
time banks, such as Cahn's Time time banking movement's slogan
Dollar networks, now exits in was in the beginning, "Sharing:
many states of the world, Promoting the Equality of Time
including every state of the Among Men and Women". Time
U.S., Canada, Japan and Western banking is also used to offer
Europe. For instance, in the U.K. medical care to the uninsured and
there are more than 140 time underinsured, because many of the
banks which have more than 5,000 members earn too much money to
members. One of these time banks, receive free services, but they
Time For Health, has been so don't get health insurance
effective that the U.K.'s through their jobs.
National Health Service has
commissioned a study on how it Edgar Cahn has a new purpose: to
works. create accessibility for groups
that are deprived of their
Offering equal pay for equal citizenship rights and to
time, time banking has positive increase leaders' consciousness
effects on women and people of of race and class issues in time
color, whose work has been often banking.
under-compensated in the market
About the Author:
This article and one-way link advertisement provided by http://www.LinkAcquire.com. David C Skul is writing very fine banking articles, made to show you the advantages and disadvantages of using today's banks. Also more information about banking and online banking you can find here http://www.bank-now.net.
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