May 19, 2009
by Bob Meyer, Editor of BarterNews
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the desk of Bob Meyer...05/19/2009
ITEX National Convention Underway
The 27th Annual ITEX Convention is now underway in Las
Vegas. The Orleans Hotel & Casino is the venue, May 19-21.
Attendance exceeds 150 with franchisees from all over North
Helping Women With Cancer
Do you know someone who is or are you personally battling
Pincbubble.com is headquartered in Atlanta and offers a
worldwide program dedicated to the inner and outer beauty of
women undergoing chemotherapy.
For more on this program go to
Don Mardak Appears On Bloomberg TV Program
International Monetary Systems CEO Don Mardak appeared on
the Bloomberg TV program Venture Friday evening, May 15.
Mardak discussed the state of the barter industry and
For more details on Mardak’s interview see
http://www.bloomberg.com. (Click on “TV & Radio” and
then go to “USTV Clips.”)
What If Grandpa Had Bought 100 Shares!
Johnson & Johnson is the sixth most profitable company in
the Fortune 500, and the fifth most valuable (ahead of P&G,
IBM, GE and Berkshire Hathaway). If you’d bought a single
share when the company went public in 1944 at its IPO price
of $37.50 and had reinvested the dividends, you now have a
bit over $900,000...a stunning annual return of 17.1%.
Even if you hadn’t reinvested the dividends, that single
share would now be 2,500 shares as a result of splits, and
you’d be collecting dividends of $4,500 a year from that
back issues of “From the Desk...” can be accessed by
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See you next week. . .)
Shopping Centers Advised
To Barter More
President and CEO of the International Council of Shopping Centers,
Michael Kercheval, suggests that owners of shopping centers and
malls would be wise to embrace barter to keep their retail tenants
in the game.
They could do so by taking a direct-equity interest in emerging
retailers. The owner would contribute rent in exchange for equity,
or some form of dividends later, as the retailer grows stronger.
shopping center owner could expand their thinking and provide
back-office support for its tenants. (Given that the shopping center
has its own payroll department, why not let the tenants share it?)
Retailers should put on their barter hats too. A department store
that has a tailor on premises could trade on this service with other
retailers — thereby providing a value-add to the entire center.
shopping center that needs more traffic could look toward community
promotions, such as bringing in a Habitat for Humanity center to the
parking lot for added traffic.
Trade Exchange Owners...
You Can Still Make 2009
Your Greatest Year Ever!
Then it’s time to grab-hold of the most powerful marketing tool in
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Bono’s “Win-Win” Barter
Deal With World’s Largest Luxury-Goods Firm
equity investment by LVMH (brands include fashion house Louis
Vuitton, Dom Perignon champagne and Hublot Watch) will see them
acquiring a large stake — nearly 50% — in Edun, the ecologically and
socially conscious fashion line backed by singer Bono and his wife
Edun, founded in 2005, specializes in organic-cotton fashions that
are manufactured in developing countries including India, Peru,
Kenya and Uganda. The company’s mission is to promote trade as a way
to boost communities and to encourage other entrepreneurs to do
business in developing countries, particularly Africa.
Edun will be managed by LVMH and be gaining access to their
marketing, management and production resources, a real coup for
Bono’s young operation. For LVMH the deal provides them with the
introduction into the growing market for fashion businesses that
have ecological and ethical goals.
International visitors look for BARTER CONTACTS in our Global Barter
Section. If YOUR exchange isn’t listed see the forms on the lower
left of the page. (Click
Attention trade exchange owners...thousands of visitors every month
visit our BARTER CONTACTS section on our web site where we have
names & addresses of barter companies in the USA. If YOUR exchange
isn’t listed, or the information is incorrect, you can correct the
situation by using the forms to the lower left of the USA map. (Click
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Alternative Currency Guru, Slated For IRTA Conference
Whitney, Executive Director of The International Reciprocal Trade
Association (IRTA), has announced that Thomas Greco, noted
economist, author and leader of the alternative and community
currency movement, will attend and participate in IRTA’s upcoming
historic 30th annual conference. The conference will be held October
2 – 4 at the Magnolia Hotel in Dallas Texas.
“Tom was our keynote speaker at the 2006 IRTA Conference and we are
privileged to have his participation in this year’s conference,”
said Whitney. “His perspectives and delivery of views is always a
high point of any conference.
“I'm looking forward to once again meeting and conversing with IRTA
members at the 2009 conference,” Greco affirmed. “As the global
depression and financial meltdown continue, commercial trade
exchange operators will have a crucial role to play in reinventing
the exchange process and reclaiming the credit commons.”
Greco is the author of several books that describe monetary history,
explain key principles, and prescribe specific actions that enable
communities, businesses, and governments to reinvent the exchange
process. His latest offering is titled The End Of Money And The
Future Of Civilization.”
According to IRTA President David Wallach, “Greco’s book is a
chilling, gripping narrative that examines the history and current
condition of our 300-year-old unbalanced and unsustainable monetary
system. He proposes specific changes that when adopted will
transform our money system into a more user-friendly platform of
exchange that will benefit all of the world’s people...a must read
Money-Making Reports Available From BarterNews
Report From New Zealand
By Thomas H. Greco
For more than 27
years Tom Greco has been working at the leading edge of economic
and financial restructuring. He’s traveled throughout the world
lecturing and working with various communities (to set up
the 2006 International Reciprocal Trade Association’s (IRTA)
Annual Convention, pointing out the unique opportunity the
barter industry has to be a major savior of the coming currency
crisis—if there was a united worldwide common currency
recently published book is “The End of Money and the Future of
Civilization” from Chelsea Green Publishers.
Overall, my New Zealand experience has been a whirlwind of
presentations, interviews and meetings (with one weekend break for
R&R at a seaside campout). It’s been a rewarding and satisfying
opportunity to share my knowledge and insights, as well as to learn
from the many able and dedicated people who have inspired me along
While time has not allowed a visit to the south island, my wide
ranging visits around the north island give the impression of New
Zealand as beautiful and pristine. With a land mass about the same
size as Britain but less than one tenth its population and plenty of
natural resources, the feeling is one of roominess and abundance.
couple hours after my arrival at the Auckland airport, conference
organizer Laurence Boomert put us on a ferry boat to Waiheke Island,
a half-hour ride across the bay from the city, where I gave an
evening presentation at the local theater to a group of about 70
island residents, then stayed the night at the home of the Peter
Russell family, a beautiful place with awesome 180-degree views of
the sea and nearby islands. My presentation there was called,
Community Economic Development: A Comprehensive and Innovative
Approach, in which I described the multi-stage regional
development program I’ve been advocating for the past few years and
which our south India project is trying to implement.
next morning a small group gathered over breakfast at Peter’s house
to discuss the possibilities for starting a community currency on
the island. It took little more than an hour to reach a common
vision and a plan for a currency that would initially be issued as
vouchers by a popular local café, then shift over into a credit
clearing association anchored by a few trusted issuing members. The
expectation is that this first node might be the “seed crystal” that
can precipitate the organization of similar small clearing
associations that will eventually be linked up to form an Auckland
area exchange network.
Returning to Auckland later that morning, Laurence hurried me over
to the studios of New Zealand National Radio to record an interview
with Kim Hill to be aired on her popular Saturday morning program.
[That program was aired on April 11 and can be heard at
Click here During the following week I heard favorable comments
from many people who had listened to that broadcast.]
That same evening, (Wednesday, April 8), a group of about 90 people
gathered at Auckland University to hear my presentation on,
Money, Power, Democracy, and War: Finding the path toward global
peace, harmony, and prosperity. This was an updated version of a
presentation I first gave in Tucson a couple years ago.
Waitakere is one of five cities/boroughs that comprise the Auckland
metropolitan region. It seems that the new right-wing national
government is determined to replace these five city administrations
with a single “super city” administration, a move which will further
disempower people and local communities. It is opposed by the
majority of residents and likely to face serious citizen opposition.
For now, the separate city governments are still functioning. Around
noontime on the next day (Thursday), Laurence and I met with some
staff people of the Waitakere city to discuss community economic
weekend provided an opportunity for some relaxation. The Prana
retreat is located on the Coromandel Peninsula on the east coast of
the north island, about a four hour drive from Auckland. Although
the weather was too cold for me to be interested in swimming in the
sea, I enjoyed the occasional sunshine, the beach and spectacular
views, the peaceful setting , the morning yoga classes, the music,
the drumming and the people.
Taupo is known for its beautiful large fresh water lake and its hot
springs. That was our next stop on the way to Wellington. On the way
we stopped at a roadside stand to buy some avocados, which at $5 a
dozen (US $3), were an irresistible bargain. As a second thought I
also picked up a bag of golden kiwis for $2. The golden variety,
which I had never seen before, proved to be a delicious treat with
flesh that is more delicately flavored and less acidic than the
common green variety.
Wellington, I gave a presentation called, The Political Money
System: The Story of Central Banks, Inflation, and Legal Tender,
which I began with a statement that I had posted on my blog in
The present disorder in
the financial markets and the cascading failures of financial
institutions come as no surprise. Those who recognize the
impossibility of perpetual exponential growth and who understand how
compound interest is built into the global system of money and
banking expect the continuation of periodic “bubbles” and “busts,”
each of increasing amplitude, until the system shakes itself apart.
I’ve said before, and as I argue forcefully in my new book (which
I’m told has just come off the press), the separation of money and
state is something that is urgently needed if any dignified form of
civilization is to survive the deepening multi-dimensional global
Following the Wellington session Laurence drove home to Wanganui
while I stayed and took up lodging for two nights in the Comfort
Hotel which gave me an opportunity to explore a bit of the central
waterfront area of this capital city. I had the chance on Thursday
(April 16) to experience the fine New Zealand railway system, taking
the train up to Carterton where I was the guest of Helen and Alf
Dew. Helen is a living example of sustainable living on a largely
self-sufficient urban homestead. I hope that she will some day write
her own book detailing her approaches to gardening, water
harvesting, food preserving, nutrition and the various other aspects
of “the art of living.”
national Community Currencies Conference (April 17-19) brought
together well over 100 enthusiastic participants who convened at the
Quaker Settlement in Wanganui to share information and discuss new
possibilities. My Keynote presentation delivered on Saturday morning
(April 18) was titled, Reclaiming The Credit Commons: The Key to
Sustainability and Relocalization. Prefaced with a brief outline
of my vision of societal metamorphosis, I argued that liberating the
exchange process from monopoly control by means of localization and
popularization of credit is a necessary prerequisite to achieving a
steady-state economy and the devolution of power to local
Monday, the day before my departure for Australia, Laurence took a
few of us on a tour of the Environmental Center and a couple
community gardens around Wanganui. Towards the end of our tour he
received a call from Merania, a reporter who writes for the local
daily newspaper. She wanted to do an interview for a feature story,
so we hurried back to the Environmental Center to meet her there.
She spent quite a bit of time asking questions not only of me but
also of Helen Dew and Margaret Jefferies, conference presenters who
were in our party. Merania called back later in the evening to say
that the editors had liked the story so much that it would be a
front page feature in the next morning’s edition.
Before leaving for the airport the next day, Laurence went out to
fetch some copies of the paper. There it was, complete with photo of
me with Helen holding a copy of my previous book, Money. The
headline read, How the recession could improve your life and
was capped with the tag, Finance guru’s claim. Gosh, there’s
nothing like a bit of praise to make one feel humble.
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