Social Trade and Savings Fund

On top of the basic income and integrated with it, the STSF creates a financial resource that stays within the community. Fees enable the community to tune the balance between saving and spending, between the “have’s” and the “have-not’s”. Europe’s biggest social trade scheme (Chiemgau, Germany) charges a 2% fee every 3 months.

Since the first experiment in Schwanenkirchen (1929-1931), funds like the STSF have shown all over the world to be able to boost the local economy. As far as we know, it has never before been combined with a basic income scheme. INclusion offers it on a voluntary basis: micropartners receive their basic income optionally as cash or as a local currency.

Many people have preconceived ideas about the workings of this combination, but nothing is certain: most likely the effects will be varied and largely depend on the local economic and cultural circumstances. Our main challenge is to understand the failure and success factors that allow a fund to reach that critical mass beyond which it will become attractive enough to sustain itself.

INclusion has developed a simulation game that illustrates a diversity of effects and allows for some modelling of local circumstances. Through this game, aspiring fund-agents can quickly gain insights into causal factors leading to potential outcomes. In combination with real life experiments, we expect to further develop and refine the arsenal of methods.

Read further on historical examples. In contrast to the early experiments, today’s modern local currency schemes are perfectly legal. Term deposits in official currency are used to settle trade transactions.

Download the STSF introduction.

Download the Testkit to try, test, and experience how we implemented a basic income in local currency.

Log in to STSF.