A Common Sense Alternative

by Tom J. Kennedy

The current crises in education and health care in the province of Ontario are directly related to - usury - the design flaw in the modern banking system. Unknown to most media personalities, politicians, educators, students, parents, health care professionals and their clients, a group of private money creators create the principal of loans but do not create the interest (usury). Being ignorant of this simple "truth" influences the destiny of individuals, institutions and nations. Governments at all levels and most individuals are in debt because of this insidious yoke of usury. This covert action of creating the principal but not the usury is the direct cause of individual, and all levels of government financial scarcity even though there is always an abundance of people and resources.

Recently, various labour disputes have been causing great concern and to date no one has addressed the design flaw of usury as the root cause of this labour strife. For background information on how the banking system inflicts financial genocide on the farmers in particular and everyone in general I invite you to read Genocide Of The Farmer. and other related articles in the Barter/LETS room at The Cyberclass Network.

Let's (pun intended) now focus on the education crisis and reflect on the possibilities of living in a world of abundance when we introduce a common sense alternative using the popular LETS software. The Government of Ontario is currently short of cash because of usury payments to the financial elite for debt service. There is a common sense solution whereby public education can be enhanced instead of being undermined by the misguided and confrontational plan that the Ontario Government is foisting on Ontario citizens.

Leaders in public education are invited to learn and teach the "truth" about money to our youth instead of accepting the "half-truths and/or full lies, deceit and deception" that are being foisted upon us by those who don't know they don't know and/or by the politicians and media manipulators whose bosses know. The popular and proven LETS software can be implemented with ease by local Ottawa area educators since provincial politicians fear for their pay cheques if they challenge the power of their financial bosses at this critical time in our history.

Producers and consumers from all around the world have been forming successful LETSystems (Local Employment Trading Systems) since 1983. There are now approximatley 4000 worldwide LETSystems which are patterned after the well known LETSystem that was pioneered by Michael Linton in the Comox Valley, B.C. This alternative economic system works. I invite readers to read the articles at The Cyberclass Network.  Also use the various search engines and follow the Barter links to related URL's to find additional resources and information not readily available in the mainstream media.

LETSystems create a social environment that is friendly and breeds trust and is therefore beneficial to all participating members who are empowered to short-circuit the design-flawed banking system. During this 20th century we have foolishly given away our trust to banking institutions instead of trusting each other in local communities.

All producers and consumers who are active in LETSystems are now enjoying the benefits of that which they produce and consume without having to pay a levy (usury) to a banking institution for the period of time when the barter credit is in use. Participants in LETSystem communities learn to swap and trade with each other and rebuild thereby rebuild trust in their respective local communities. In LETSystems the barter credit is known by many names such as "greendollars", "ecodollars", "sanddollars","shedollars", "bricks" etc.

Given the ease and resources of our modern computer technology the various Municipal Governments in the Greater Ottawa-Carleton region with the co-operation of the local Boards of Education are invited to launch a pilot project whereby educators and support staff could be paid 1% (to be increased after the pilot project is evaluated) of their respective salaries in a LETSystem currency - which is usury-free. Readers are further invited to read LETS Proposal to Bob Chiarelli, Regional Chairman, Ottawa-Carleton in March 1998. This article is archived in the Barter/LETS room at the The Cyberclass Network. This Proposal has been presented to municipal politicians in the Greater Ottawa every year since 1992 and as of this date no action has been taken. One can only speculate on any reason or reasons why municipal politicians in the Greater Ottawa area have until now declined to implement a LETS pilot project.

Educators and all Ottawa area citizens who all pay property taxes can be saved immense sums of USURY by implementing the LETS software as explained below. In fact, municipal governments can significantly reduce usury payments on debt service when the local regional chairman, local mayors, local councillors and local school board trustees make a co-operative joint decision to launch this proposed pilot project so that willing participants can engage in trade using a LETS currency. Educators can lead the way since they are desperately seeking a solution to their worsening crisis. Hopefully, after the pilot project is judged to be successful the provincial government will then copy and expand the model to likewise reduce its usury payments on debt service. Then we won't need further cutbacks anywhere - in health care, education or otherwise.

Our ancestors financed and built local communities by organizing co-operative ventures whereby citizens not only helped each other but were also permitted to work on government projects to pay for their property taxes. With our modern computer technology and the reality of the LETS software this traditional, co-operative concept can be adapted and expanded to suit any rural community or modern city of the 1990's.

Using the Greater Ottawa area as an example I will attempt to explain how the most recent LETS software (called LETSAssist) can be implemented as a simple pilot project whereby the initial LETS participants would be educators who would recycle barter credits with their municipal government and their respective employers - the local school boards.

Of course, anyone in the Greater Ottawa area will be welcome to join and support this pilot project. Many consumers and producers will indeed be motivated to join the database and list their respective skills, products and/or services which they offer and/or need and simply agree to accept a portion of barter credits for any transaction that occurs. They will be anxious to support this pilot project knowing that their respective municipal government may eventually accept a portion of these barter credits as partial payment of their annual property taxes.

Here is how this common sense alternative, pilot project would work. Instead of demanding usury-bearing federal dollars as full payment for taxes, the Regional Municipality of Ottawa-Carleton could accept 80% cash and 20% barter credits from all educators and support staff who would be participants in a community LETSystem. Under the banner of OTF (Ontario Teachers' Federation) all of the teachers' federations could combine and negotiate a group membership fee that would make approximately 10,000 Ottawa area educators members of a LETSystem which could be administered for a reasonable fee by the Ottawa Carleton Education Credit Union Limited in co-operation with the Credit Union Central of Ontario.

As a condition of the pilot project the educators could agree to accept 1% of their annual salary in barter credits in a lump sum payment. To facilitate ease of administration this payment could be made in September or June. The average educator's salary is $46,000 and 1% of that is $460. The Regional Municipality of Ottawa-Carleton would also become a member of this new LETSystem and agree to accept 20% of the property taxes of each educator in barter credits - which could also be referred to as tax credits.

For simplicity sake let us assume that the average property tax bill is $2300. annually. Let's agree that 20% of $2300. is $460. If 10,000 educators ( that's an approximate number of educators in the Ottawa-Carleton area) paid 20% of their annual property tax bill ($460.) in barter credits the Regional Municipality of Ottawa Carleton would collect a total of $4,600,000. in barter credits or tax credits. The local Boards of Education would also join this new LETSystem and agree to accept the $4,600,000 in barter credits or tax credits from the Regional Municipality of Ottawa-Carleton as partial payment for the annual education taxes. In turn, the local Boards of Education would pay the $460. of barter credits or tax credits to each educator in June or September. All of these transactions circumvent usury - the design flaw that creates economic scarcity.

This common sense alternative will be very simple to implement and it will expand very quickly. Participants will agree to accept increased percentages of their salaries in usury-free barter credits as they learn to appreciate the difference between economic scarcity and economic abundance. Their action of agreeing to exchange a usury-free barter credits eliminates usury - the design flaw that created the initial money shortage. As the pilot project becomes a proven success everyone will request to participate. Other local labour groups in the province of Ontario and elsewhere will be invited to copy the model.

Consider the exciting possibilities when the educators in the Greater Ottawa-Carleton community agree to try this creative solution as one way to ease our deepening educational crisis. Without a doubt, every institution of formal learning in the province of Ontario would better serve our next generation while greatly alleviating our current stresses. Take it further - consider the effect when all of the educators in the province of Ontario and all other labour groups ( who will beat a path to the door of the LETSystem operated by the educators in the Ottawa-Carleton area to find out what they are doing and how they are doing it) adopt this common sense alternative. There will be a reduced need for the local municipalities to service the borrowing of usury-bearing funds and consequently municipal property taxes and eventually provincial taxes will be significantly reduced.

As the concept of the LETSystem becomes widely implemented there will be many more opportunities for people in local communities to be employed as more and more producers and consumers agree to exchange usury-free barter credits instead of usury-bearing federal cash. As the cycle repeats and the LETSystem community grows there will be less demand for welfare and consequently, taxes at all levels will again be reduced.

One more bonus. The LETSAssist software also has the capability to deliver self insurance to all participants in any LETSystem. With a database of a few thousand participants a pilot project could also be initiated whereby educators would be invited to list and value their vehicles. Deductible amounts would be adjusted to reflect the value and condition of their respective vehicles. Any required vehicle repairs will be paid after an accident has occurred simply by programming the LETSAssist software to deduct small amounts from each participant's account and transfer them to the account of the body shop. This concept of community self-insurance will eradicate the insurance abuses that are currently rampant in the vehicle insurance industry.

This concept of self-insurance can likewise be applied to home and contents insurance. Currently. We all pay very high insurance premiums up front and we hope that we never have to make a claim. We also know that banks and insurance companies continue to make record profits using our financial resources. This innovative concept of self-insurance delivered to a large LETSystem database will revolutionize the insurance industry as we know it today.

Many of the same financial elite who are the creators of the money are also the owners and shareholders of the leading insurance companies. While they may resist this unique delivery of self insurance the common citizens will greatly appreciate it. Just remember there are greater numbers of us who are common citizens - so LET'S take our power back from the banking institutions and re-build our local communities with these innovative ideas. LET'S do it now!! Email: The Cyberclass Network

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