World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search


Euro Architect's Solution To Jump Start Economy

Jump Starting the Economy - Key Euro Architect Offers a New Solution -


Contact: Jacqui Dunne, Director Public Relations
(303) 442-4330

Interlocken, CO, (October 29, 2003)--A new monetary initiative was launched today that will play a significant role in getting the United States, Europe and Japan out of recession.

This internet-based Trade Reference Currency (TRC)™ was announced by renowned finance and currency expert and author Bernard Lietaer, who was one of the key architects of the ECU -- the convergence mechanism that lead to the Euro. The TRC™ is poised to dramatically change barter and counter-trade along with creating, stability and predictability in the financial and business sectors by providing a standard of value for international trade. This will be the first time since the gold-standard days that a robust international standard of value that is inflation-resistant would become available. Most importantly, it will resolve the current conflict between short-term financial interest and long-term sustainability. This mechanism would work in parallel with national currencies. Finally, this proposal would need no new legislation or international agreements to become operational.

"This supra-national complementary currency is uniquely designed, unlike national currencies, to provide a stable international mechanism for contractual and payment purposes worldwide. This mechanism would automatically work to reverse the boom and busts of the business cycle and stabilize the economy by providing more cash during downturns, and cooling off inflationary pressures in the peak of an upturn," said Mr. Lietaer, addressing the Future of Money Summit. (

Three recent events over the past 30 years have fueled monetary instability globally. The Baker Plan, the uncoupling of the dollar from the gold standard and 24/7 computerized foreign trading that have brought about no less than 87 monetary crashes in the past quarter century.

"This mechanism has the potential to address such diverse issues as joblessness, developing nations' debt and ever increasing environmental concerns," he added.

"Many have a wait and see attitude to innovative proposals of this nature, but they shouldn't with the Terra. The TRC™ reduces risk, stabilizes the world economy and is a more cost effective approach for international business," said Takashi (Tachi) Kiuchi former CEO of Mitsubishi Electric America and Chairman of The Future 500.

This project is an initiative of the ACCESS Foundation, an international non-profit educational organization dedicated to the betterment of humankind through the understanding and use of complementary monetary innovations. For more information visit:

© Scoop Media

World Headlines


Rohingya Muslims Massacred: Restrictions On Aid Put 1000s At Risk

Amnesty: The Myanmar authorities’ restrictions on international aid in Rakhine state is putting tens of thousands of lives at risk in a region where mainly Rohingya people are already suffering horrific abuses from a disproportionate military campaign. More>>


Werewolf: Gordon Campbell On North Korea, Neo-Nazism, And Milo

With a bit of luck the planet won’t be devastated by nuclear war in the next few days. US President Donald Trump will have begun to fixate on some other way to gratify his self-esteem – maybe by invading Venezuela or starting a war with Iran. More>>


Victory Declared: New Stabilisation Funding From NZ As Mosul Is Retaken

New Zealand has congratulated the Iraqi government on the successful liberation of Mosul from ISIS after a long and hard-fought campaign. More>>

Gordon Campbell: On The Current US Moves Against North Korea

If Martians visited early last week, they’d probably be scratching their heads as to why North Korea was being treated as a potential trigger for global conflict... More>>


Gordon Campbell: On The Lessons From Corbyn’s Campaign

Leaving partisan politics aside – and ignoring Jeremy Corbyn’s sensational election campaign for a moment – it has to be said that Britain is now really up shit creek... More>>


  • Pacific.Scoop
  • Cafe Pacific
  • PMC