Share 'LETS: Local Exchange Trading Systems'

Local Exchange Trading Systems are local and interest-free "community enterprises" that exchange goods and services between each other by using LETS credit. One person house-watch, receive credit and then later spend it on plumbing. All transactions are recorded in a location where all can read them. Local interest-free credit cards are used. Here are the 4 main ways LETSystems work:1. Local peop…