We hope the following scenario helps shed some light in terms of account management.
Let’s assume that tomorrow you open an e-mail from us titled
“Please Consider New Applicant”.
You discover the new applicant is for a local Walmart. We are confident that this would create a very large stir in the membership! This would be great, right? Well maybe not. Allow me to explain.
Let’s jump ahead. Walmart’s account is open and doing a brisk trade business. In fact, their trade sales are so brisk that over the course of a few months, every member has spent every cent of their JTEX Dollars with Walmart.
Now let’s take this to the next level. Where would Walmart spend their trade dollars? They are headquartered in Bentonville, AR. They have little to no local expenses meaning they would have very little opportunity ever to spend any dollars back into the system. This would mean the JTEX economy would screech to a halt as there would be no funds available to circulate and create commerce for the membership. We would be dead in the water. Unlike the U.S. economy, we have no federal reserve to simply, and dangerously, print more dollars ($19 trillion!) if we run out. Our economy is backed by the goods and services of each other.
We share this doomsday scenario with you for this reason. Management of your trade account is one of our primary duties. When funds are stacked up in a member’s trade account and are not circulating, it tightens the JTEX Dollars for all of the members. The more our JTEX Dollars are being circulated, the more vibrant and healthy our trade economy will be for all of you!
We hope this scenario helps shed a little light as to why we are so proactive in terms of account management. As always, we welcome any questions, comments, or suggestions.
P.S. Walmart is not locally owned and would not qualify for membership even if they did apply!