What Is CES Trading?

The Community Exchange System (CES) is a community-based exchange system that provides the means for its users to exchange their goods and services, both locally and remotely. It could also be described as a global complementary trading network that operates without money as it is commonly understood.

Unlike the conventional money-based exchange system, the CES has no physical currency. The idea that such a currency is required before any trading can take place is an ancient one and increasingly irrelevant in this day and age of computers and the Internet. Information can replace currencies and at the same time eliminate most of the problems associated with regular money.

There are many similar trading systems around the world, commonly know as Community Exchange Systems, Local Exchange Trading Systems (LETS), Mutual Credit trading systems or Time Banks.

Apart from using information instead of currencies to effect exchange, these exchange systems are community-focussed in order to build community and keep wealth where it is created. The CES takes this a step further by providing the means for inter-community trading, right up to the global level.

As the ‘currency’ in the above types of exchange systems is information it does not have to be ‘created’ like conventional money so there is no need for an issuing authority or for a supply of it, and none is required to start trading. ‘Money’ in these systems is a retrospective ‘score-keeping’ that keeps a record of who did what for whom and who sold what to whom.

There can never be a shortage of information as there can be of money, as information does not have to be created and limited by a third party (banks or government) in order to give it value. For this reason the concepts of borrowing, lending and interest are meaningless in the CES.

— To continue reading this article, go to What is CES?

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