Mutual CreditBank

Please read the all of the Mutual Credit System Information below

What is the World CreditBank Network?

It’s a Global trading system Global Mutual Credit System that doesn’t require old fiat money. When you join a World Credit Union or Public CreditBank, your business is listed in the World Open Marketplace, where you add any security or private equity offering and purchase what you want or need to make in the Open Market. When you’ve added your security or private equity offers and buy orders the World Open Marketplace automatically post current trade offers for you, as well as suggesting new suppliers and customers through our Open Market Recommendation tab. If you open your World Open Marketplace listing and become a Global Community Member, you get an account with a balance of zero and a unlimited credit limit in World Credits, denominated in Nomni’s enabling you to trade with other businesses throughout the Global Village and Etha Network. When you buy from another member, their account is credited, and your account is debited by the same amount  When you sell to another member, your account is credited (your account balance is increased). There are limits to how far you can go into credit or debit. That’s it as far as the basics are concerned.

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Please make your first initial offering here

Why should I join?

There are lots of private and public benefits, mainly around public trust and public cash flow but The World CreditBank Network as a SWIFT Alternative has bigger implications too. Potential customers can find you, contact you, and pay you in mutual credit or in old or new fiat money – or you can pay with a mixture of the two or three. You can find new customers, vendors, and government contracts and they can buy from you even if they have no initial money or funding, and you can buy from suppliers, even if you have no initial money or funding money, with no interest to pay. It’s very difficult for small businesses to get credit from banks, and The CreditBank Network provides a way for businesses to allocate credit to each other. By transacting in mutual credit, instead of old fiat money and subjective credits, you can also avoid bank fees, and interest payments and help co-create the new sharing economy. Purchase your first share here. Post your first buy order in the W.O.M.E

How do I join the World Open Marketplace?

Create your free World Open Marketplace Security or Private Equity / Placement listing here. Add the private equity or placement products and services you’re offering, so that potential customers of our global community system can find you, plus the products and services you want, to discover your potential matches – it’s FREE and only takes 60 seconds to sign up. Learn how to make your initial deposit here.

Does mutual credit have an ‘ideology’?

No. It’s just a tool of the Global Public credit banking system from Nibiru Reserve– it’s apolitical. There are libertarian elements on the right that have been proponents of choice when it comes to money. For the left, it takes power away from giant corporations and banks. Even anarchists like it because all the credit in the system comes from the producers and is controlled by the producers. And for both left and right, it builds resilient communities that generate trust – something that we all need. We’re not concerned about ideology. We’re concerned about practicality – what works, what’s going to make things better. Learn more about the Voucher / Virtual Dollar Facility.

Can mutual credit really work, in the real world?

Yes it can and it does work – mutual credit networks have been working all over the world in different forms for more than 90 years. Sardex is a business-to-business (B2B) credit network in Sardinia, with trades worth the equivalent of over 43 million euros in 2018 – on an island with the population of Birmingham!

The WIR Bank started in Switzerland during the depression in the 1930s. In 2005 there were trades equivalent to 6.5 billion swiss francs (about £4-5 billion) – but with no money involved.

Also, in the 1960s and 70s, commercial barter schemes and trade exchanges developed that allow large businesses to trade by offering trade credit to each other, avoiding interest on bank credit. Commercial exchange brokers make their money from fees and commissions, and are overseen by the International Reciprocal Trade Association. Some are huge – like Bartercard – but they’re for-profit and not democratic. Please use the user guide here for more details.

What is the Community Exchange System?

The Community Exchange System (CES) is a community-based, global trading network using methods of exchange that differ from our familiar national currencies — an alternative, parallel, local, community or complementary currency system. In short, the CES is a new exchange system.

There are many similar trading systems around the world, commonly known as Community Exchanges, Local Exchange Trading Systems (LETS), Mutual Credit trading systems or Time Banks. Many commercial ‘barter’ systems operate in a similar way, but their prime motive is make money of the conventional kind whereas most complementary currency systems are attempts to do without or replace national currencies similar the World Treasury CES, World Central Bank CES, and the World Credit Union CES as the Global Credit Facility (NMNI).

The main difference between these and conventional money systems is that their scope of operation is usually restricted to a geographical area or organisation. ‘Money’ in the above types of complementary currencies does not ‘exist’ like conventional money so there is no need for a supply of it and you don’t need any to start trading. ‘Money’ in these systems is a retrospective ‘score-keeping’ that keeps a record of who did what for whom and who provided what to whom. There can therefore never be a shortage of money and money does not have to be created by a third party (banks or government) outside the circuit of buyers and sellers. For this reason commodity money and credit are free and capitalizable assets, for the buyers and sellers to ‘create’ it at the moment of trade.

There are many different types of complementary currency systems (CCs) and they are growing in popularity throughout the world. The Global Credit Facility has establish the World Reserve Fund to serve the entire global village through the United Nations Sustainable Development Goal Action No. 27655 to end World Poverty using the Community Exchange System as an ISO Standard Mutual Credit System. Some nations and political communities use ‘hard’ currencies, where notes and coins are issued by the governing political group for their own use; others use time / terms as a currency rather than notes; and yet others use a ‘virtual’ currency which is the recording of the values of goods and services exchanged. Numastically the Nibiru Reserve Global Public Mutual Credit Banking System uses all forms of lawful and real currency issued by a governing political community.

Complementary currencies foster the real wealth of communities and rebuild a sense of worth and self-esteem among their users. Around the world they report an increased sense of vitality in all sectors of the communities using them. While these trading systems might have a slightly different function for each of these sectors, it certainly has relevance to all.

From private equity child care to private equity karate lessons to private equity phone companionship, to private equity computer programming and private equity gardening, there’s no limit to the ways of earning money in these systems. In this way a community currency acts like a supplementary currency, creating an additional stream of value in a community. By supplementing conventional cash flow with a local currency, a community can maintain full employment and protect itself from changes and fluctuations in the national money supply.

I help you, and you help another—and someone else helps me. This is the true sharing economy that will utilize the P2P (peer to peer) network called Bitcoin that the CES work also as a complementary currency system and community exchange system with to give KYC, AML and transaction security between the(P2P) Mutual Credit Communities for their respective National Currency or local mirroring Bitcoin blockchain Digital Fiat Currencies and Transactions. The recipients of help become, in turn, the providers of help and the sharing economy. What goes around comes around. The currency you earn by helping others can be used to receive services or help from someone else and buy goods on offer. When you spend your community currency, someone else earns it. The local community as a whole can control and appreciate the value of the all assets in the nations GDP over generations of time.

How does it work?

CES exchanges compile and distribute a directory of goods and services offered by the traders registered with them, as well as a list of their ‘wants’ or requirements. When a trader requires something advertised in the directory the seller is contacted and the trade takes place. The buyer ‘pays’ the seller with the community currency. This usually involves the handing over of a cheque-like Trading Slip that records how much the buyer is paying for the goods/service delivered. The Slip is either handed by the seller to a group administrator who will enter the amount into a group account, or the information is recorded directly by the seller on a central computer ‘bank’. Sales are recorded as credits for sellers and purchases as debits for buyers. The central book-keeping system records the relative trading positions of the traders. Those in credit can claim from the community goods and services to the value of their credit and those in debit owe the community goods and services to the value of their debit.

Traders receive a regular newsletter and statement of account that lists their trades and gives their balance at the end of the period. Information about the trading position of others prevents unscrupulous buyers from exploiting the system. News about the group assists in building links and enhancing the sense of community.

Is this a form of Barter?

No! Barter almost always involves bargaining between two individuals to establish the relative worth of the goods or services they wish to exchange. There is no bargaining with a community currency. When you purchase something you are in no way obliged to the seller; you ‘pay’ for what you have received by delivering/selling something at a later time to another trader in the community. Community currencies are as versatile as conventional ones.

Is this just a tax dodge?

Definitely not! Our motives are noble. We want to create a more equal society where wealth is distributed according to contribution, not according to your ability to ‘make money’. In other countries where these systems have become big, the state has either ignored the tax angle because it saves state expenditure on welfare payments, or there is an agreement to provide services to the state. Our approach is that when the CES become big, the state should become a user of the CES and participate in the normal way. In this way the state could credit itself through the services it provides to all members and debit itself by purchasing the services of CES users.

Can I only trade with members of my own exchange group?

The CES is an international trading network with exchanges in many countries. Credits earned in one exchange can be spent in another, or if you are visiting another area you can trade with local CES traders. New exchanges are starting in new areas all the time, and existing ones are growing steadily.

What other benefits are there in using a community currency?

One of the reasons we took the initiative to launch this project is that it is in line with New Economics thinking. New Economics is about rebuilding society using alternative/sustainable economic policies and practices. Community currencies fall into this category because they are instrumental in:

  • Mobilizing the Real Wealth of a Community: The knowledge and skills of its people is the real wealth of a community. Conventional money drains away while a local currency keeps this wealth working in the community, generating employment and income for all involved. People who have accumulated a wide range of skills and abilities suddenly become once again highly valued members of the community.
  • Fostering Self-Reliance & Self Esteem: In our communities unemployment is growing and increasing numbers of people are unable to get their needs met. Single-parents may need respite care or other services for their children. Elderly pensioners also need a range of specialised services or may simply require company to combat loneliness. At present a person’s ability to access these and other services is proportional to their purchasing power. The community currency system breaks this bottleneck, by making it more possible to match someone’s need with another’s available labour. People are no longer dependent upon welfare or charity, and everyone’s self esteem benefits.
  • Increased Personal Savings & Disposable Income: Because members can get local goods and services through a community currency, they can substitute it for the national currency. Disposable income in conventional money, available after basic needs are met, actually increases. Those who regularly trade with community currencies will find they have more money left in their pockets at the end of each week. The rate of community savings, and therefore of community investment and capital generation, will improve. This will result in an improvement in the quality of life for everyone.
  • Creating Local Economic Control: Local currencies help to plug the leaky bucket of the local economy. By creating a local currency that cannot leave the community, uncontrolled and activity-limiting capital outflows are reduced. As a community currency only has value in the community in which it is generated, it continues circulating to create more wealth for everyone. They give community members a powerful new tool with which to “steer” the local economy in directions which benefit everyone.
  • Building Community Support Networks: Because community currency systems plug members into a local information network, they provide new or isolated residents with an instantaneous community support system. This avoids the embarrassment of introductions to strangers. Through a CES/LETS network all members have a ready reason for calling for support or help. Elderly pensioners, unemployed youth, supporting parents, new arrivals, and single-income families with partners trapped in a dormitory suburb can all build firm friendships on relationships established through a functioning network.
  • Fostering Social Justice & Equality: Because the value attached to one’s time and commitment is set individually by participants, a community currency equalises the wage differentials that exist in the conventional economy between the work of women and the work of men. This greater equality helps prevent the polarisation of the community “haves” and “have-nots”. There is no point in accumulating community currencies as they do not earn interest. It is only by putting them to productive work that the individual or community benefits. Community currencies foster participation at all levels in the local community.
  • Building a Sense of Community: The increasingly transient, temporary and mobile lifestyle in the world today has seriously damaged our sense of belonging to a meaningful community. Because a community currency builds local relationships it is a powerful means of regenerating a sense of trust among members, a necessary component to the health of any community. As communities become more self-aware and self-reliant through the use of a community currency, isolation, fear and loneliness diminishes and everyone benefits.
  • Keeping Wealth Where it is Created: National currencies always leak away to the ‘money centres’ creating money deserts and a reduction of local economic activity. Complementary currencies, on the other hand, are community based and so keep wealth where it is created. Where previously economic activity was stagnant, the local currency stimulates trade and permits things to happen where formerly there was no economic activity. By circulating in a community the entire community becomes self-sufficient and does not have to rely on external businesses to provide what is required.
  • Bringing the ‘Money Power’ Back to the Commons: The money we use in our daily lives is provided by the corporate financial system as a profit-making enterprise, not by the government as a public service to the community. As such, the money we use does not belong to the commons and so we have little control over how it is spent and who it benefits. A community currency brings the ‘money power’ back to the people because its users can decide how that power is exerted.

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Q. What are Security offerings?

Security Offerings are what you are going to provide the global community of traders in the CES a Global Open Market Exchange System for the benefit of the entire Global Village so that you can have access to private equity others are providing. Learn how to be make a direct offering and buy order here.

Q. Can I offer both goods and services?

Yes, you can offer private equity goods as well as services. You can offer anything that other broker-dealers and traders will accept in private equity, the same as if you were trading in the old conventional economy. You have even more scope in the CES World Open Market because you can offer the kinds of services that wouldn’t be viable in the ‘old’ economy. Examples are companionship trust, personal assistance bonds, advice stock, support funds, private equity training etc. Of course there is no point in offering non-equitable things that do not make sense in the circular, of global community, e.g. astronaut, ship builder, airline pilot etc!

Q. I have nothing to offer!

This is a very common first reaction! Registering your security offering with the World Open Market CES will help you realize that you do have equitable things to offer as OTC (over-the-counter) financial securities and can be mutualize or tokenize for a small price of 0.01 BTC that you can be useful to others as a fellow counterparty. Whether you are skilled or not, your sweat equity, timeshares, energy and or all resources as commodities will be of value and consideration to someone as a secured obligation or private equity. A few examples are private equity shopping, private equity telemarketing, private equity dog walking, private equity cooking, private equity house cleaning, private equity farming or gardening, private equity child care, car lift timeshares, private equity home equipment or private equity tool hire, to name a few. Start by asking yourself what you really enjoy doing, or sit down with a friend and tell each other what you are good at. Take a look at the community offering Inspiration List below and have a look at the demonstration site to get ideas. You will probably surprise yourself when you begin to think about it!

Q. Can I offer what I do at work as private equity?

You can offer absolutely anything you like as private equity or a timeshare on the World Open Market, but always ask yourself is there or will there and if there will be a demand for what you are offering as a financial security in a global community. If what you do at work or career is highly specialised then you are more then likely to find many government contract makers in the World Open Market CES. It is not good enough to put down what you do in your professional life and then later say it didn’t work for you because no one ever came to you. If no one comes to you then there is obviously no demand for what your financial prospectus is offering. If you have to steal time from your secured creditor then it is probably not a good idea to offer what you do at work as sweat or private equity. There are many other equitable things of commerce to offer the global villages open market. But if you really think the global village will respond to what you normally do for a living, as sweat or private equity then by all means offer it through World Open Market as a World Financial Authority Registered Broker.

Q. How do I price my security offerings?

If your World Open Market exchange group is a global community exchange, then price your security offerings in exactly the same way as you would in the old conventional economy! Price your private equity goods and services in the new ISO Standard Word Digit Fiat currency on the Bitcoin Blockchain and then convert that into the mutual credit units of account (Book entry securities) currency of your Open Market exchange at a 1:1 ratio. This will be the fixed price or a rate per 38 Neo per hour/8-16 hrs/labor force etc. If you can’t calculate a fair stock evaluation price then put ‘Negotiable’ or ‘Various’ or ‘Contact me’. If you want to attract clients quickly then reduce your price(s). When you have registered and you get your account number and password, access the site and check what others are listed as in stock value for security offerings similar to yours. If you find that you get too much uniquely custom too suddenly then raise your prices! If no one comes to you then probably your prices are too high. Review our Direct Offer FAQ.

If your Open Market exchange group is a timeshare investment bank then your unit of account value is one hour (or sometimes another time unit such as a minute). Most time -deposit banks only offer services and operate according to the principle that one hour or your time or term deposit is the same as one hour of another’s time. The pricing of goods in a timeshare investment bank is a little more difficult but after getting used to the value of the timeshare unit it becomes easier to ‘price’ goods in terms of the timeshare unit, and after a time it is possible to compare the ‘time-value’ of comparable goods in order to establish a ‘price’. If you can’t think of a ‘time-value’ for your goods then put ‘Negotiable’ or ‘Contact me’ and then discuss with the receiving party what they would find acceptable.

Q. Can I quote prices in the World Government functional currency?

Yes, not on their own but you may include a component in the national digital fiat currency for your local marketplace. Many traders can quote the World Open Market CES digital fiat currency for the labor and the new national digital fiat currency for private equity parts or materials. World Open Market CES digital fiat currency -only offerings are preferred and you might find little interest in your private equity general operations or services if you quote an old national fiat currency component. Many traders feel uneasy about receiving World Open Market CES digital fiat currency only when they have had to lay out the old national fiat currency. But remember, you get that national fiat currency back by having more World Open Market CES digital fiat currency to spend on things that you would normally pay with your old national fiat currency for. The more you get involved in the World Open Market CES the more comfortable you will feel about receiving World Open Market CES digital fiat currency even when you have spent your old national fiat currency.

Q. How many security offerings can I have?

The registration form only has space for three security offerings but when you get your account details you can add as many more as you like. You can also put the same security offering under different categories and advertise on other exchanges anywhere in the world.

Q. How do I describe my security offerings?

Use a terse, descriptive professional security offering, prospectus, or memorandum, title that makes it immediately clear to others what you are offering as a financial instrument or secured obligation. In the Details field you can use as many words as you like to describe your security offering. Think of your securities offerings as your broker-dealer advertisements. If your description is poor, people will skip over your financial or private equity offering and choose someone else with a better description. Convince us why your goods and services are the best, why you are the best person to receive them from and how our lives will be better by receiving your offer! If you are providing goods describe it/them in detail; if you are offering a private equity service tell us something about your experience and what we will gain from having you provide it.

Q. Can I change my existing security offerings and delete old ones?

Yes. Your security offerings are fully editable. You can change the title, the description, the price and keywords that help others search for your offerings. You can also hide your offerings if they are not relevant for the present time. Securities Offerings can be deleted if they are no longer relevant.

Q. How long do my securities offerings last for?

You can determine how long your securities offerings will display for. You can select anything from one week to one year, which is the longest an offering will remain on the Security Offerings List without modification. You can also continuously update your offerings so that they remain on the list forever. Updating also ‘refreshes’ your offerings bringing them to the top of the list where most people will see them.

Q. Can I have pictures of my securities offerings?

Yes. When you access your account you can add additional securities offerings and upload pictures at the same time. Pictures can replace many words and draw attention to your securities offerings and prospectus.

Private Equity / Private Placement / Securities List

Use the list below to get some idea of what you can offer. This is not a complete list; it is just meant to provide some inspiration. Also have a look at the demonstration site and, of course, you will be able to see what others are offering once you access your account and look at the Securities Offerings List. Place your direct offering on the list.

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Services IndustryAssistance IndustryGoods Industry
Handyman services 
Plastering, tiling 
Electrical repairs
Car wash
Car repairs
Bicycle repairs 
Heating, cooling 
Information research 
Secretarial services 
House sitting 
Editorial proofreading 
Disc jockey
Event organizing 
Window cleaning
Cooking, baking
General labor
Graphic design
Web sites
Health care
Medical services 
Child care
Courier Services
Car lifts
Toys, dolls etc.
Electrical appliances 
Electronic gadgets
Kitchen utensils
Housing IndustryFood IndustryEducation Industry
Workshop tools
Garden tools & equipment 
Camping equipment
Sports equipment 
Swimming/diving gear 
Musical equipment 
Event venues
Video equipment 
Cakes, buscuits, buns etc.
Cooked meals
Frozen meals 
Preserves, pickles, jams 
Pies, quiches, tarts 
Garden vegetables
Herbs & spices
Parental advice
Relationship advice 
Bicycle riding
Musical instruments 
Gardening advice 
Style advice
Legal advice 
Energy saving
Vocational lessons
Public speaking

The main reason for introducing this V-Dollar trading facility is to provide a stepping stone for those who have had difficulty coming to terms with trading purely in NEO. In a sense it is a step backwards to the debt-based conventional money system that we are trying to get away from!

Businesses in particular find it difficult to trade in the purely Nomni economy as they can easily run up huge credit balances that they are not able to reduce because they can’t find anything to spend their NEO on. Also, businesses don’t know how to record on their books goods or services they have sold on the exchange. As there are no conventional payments for these should they be recorded as given away to charity or provided for free? And how does the inventory record deal with goods for which there are no apparent payments?

In order to attract more goods and services into the Noocratic Open Market Nibiru Index we are hoping that businesses will now find it easier to participate, and at least provide some of their offerings for NEO. As the range of goods and services increases and businesses find it easier to trade, we are hoping that in time they will discover that there is no need to ‘back’ their transactions with Dollars. The same transactions, especially with other businesses, will be able to be carried out purely in NEO. Depositing money will be seen for what it is, a waste of time and money!

The other main reason for introducing this global credit facility is to enhance the local economy. Conventional money favours globalization, which destroys local economies and moves money elsewhere. By keeping money local we reinvigorate our communities, putting life back into them while the global economy goes belly up and ordinary people are left without access to the exchange medium (money).

There are many other reasons why we are doing this but all of them are aimed at helping us reclaim the money power which is currently in the hands of a financial elite whose agenda is destroying our economies, the social fabric and our planet.

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Direct Offering and Buy Order

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