LETS systems throughout the world will be flourishing in this economic downturn.LETS is a worldwide barter system started in Canada many years ago by Michael Linton.Barter has existed as long as people got together in communities and grew and made things, had skills and swapped them.LETS stands for Local Enterprise Trading Scheme or Local Employment Trading System and variations on that theme.
In it's current form it is organised into an efficient system for bartering skills,services and goods through a Resource Guide and regular Markets.All LETS groups run in the same way with regional variations in the name of the barter unit and slight variations in the running and recording of transactions.
LETS has kept alive the "old-fashioned" values of honesty,integrity and sharing in a world where greed is rampant and honesty hard to find.In these hard economic times, more and more people are seeing the value of barter, whatever their income and circumstances.Many want to be part of this good news story and to join a community of like-minded people.Life doesn't have to be so hard, so stressed and so expensive!
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Negros Oriental, Philippines