Money and finance alternatives: TerraTRC

A few years back, I found myself preaching and, looking to illustrate faith, took our monetary system as an example. It works because we have faith that if we accept as payment the tokens we call money, then in turn we will be able to tender them in payment. This caused more of a ripple than I'd anticipated. It hadn't occured to me that, in the first place, lots of people wouldn't have already realised this and in the second place that it would be somewhat unsettling. The article I've referenced (just click the post header), gives a good overview of how currency works and the summary statement is this: "Ultimately, money (especially money that is not backed by real goods or services) is in essence a trust that lives and dies only in human hearts and minds. Money systems, including our current one, are filled with mechanisms and symbols that aim at keeping that trust alive. Civilizations are built on trust, because it is at the core of the self-confidence required for a civilization to grow and survive.
Conversely, when a society loses confidence in its money, it loses confidence in itself. Entire civilizations have collapsed with the collapse of their money system".
But the really important point of this site is to highlight the great instability of our current free-floating currencies (they are not tied to anything tangible, the gold standard having been abandoned some 30 odd years ago), the speculative frenzy that this has created in the financial markets and the dangers inherent in this system. It is for these reasons the alternative is offered. Now I have to confess, also, that as a child/teenager, I thought that the system being proposed in this article, was in fact what must happen in order to determine the relative values of currencies against one another. It just seemed a logical way to proceed. I was surprised, doing A level economics, to discover it wasn't the way things worked. So what is this plain and logical alternative? Basically, to use a basket of goods and services as a standard to determine relative values of currencies. This would bring a number of advantages.
"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."

TerraTRC: