Joined: Feb 10, 2012
I guess this is in a way off topic but in a way on topic.You can go to youtube and watch this.You seem like an intelligent bunch of people I just wondered if any of you had seen it and everyone should see this that lives on the planet.It really explains the economics of today and yesterday and tommorrow.
"Imagination is more valuable than knowledge".Einstein
Now, if only all of us were aware of this process, and the fact that it is not necessary, and that history shows that debt-FREE money has worked infinitely better than our current debt-money system.... maybe we would... will!...be able to reclaim gov 'of, by and for' us! and our beautiful world ;)
PS also check out monetary.org (gold is not the answer, except for gold dealers :) for a current legislative solution (and great history and FAQ, etc.), and Youtube "Money as Debt" for another 46 min history.
And remember, when "it" hits the fan don't panic - we did once, and can again, issue our own money.... and it works(ed) really well! (except for the Bank of England ;). We just need to learn the history that we were never taught.
Oh, also, a great new book about 'economics' - David Graeber "Debt: The First 5000 Years". It appears we are not 'homo economicus' after all ;)
BTW, the US gov could pay off our entire nat'l debt with...quarters! - the Constitution gives the US government the authority to "mint the coin", i.e., no need to borrow it from the Fed Res, or China, et al, with consequent interest payments.
It's time to get positive about negative thinking -Art Donnelly
Joined: Feb 22, 2010
Location: Federal Way, WA - Western Washington (Zone 8 - temperate maritime)
Ditto Eisenstein! Also, BERNARD LIETAER, who is speaking Sunday, May 6th, in Santa Barbara, Calif, at the Fe Bland Auditorium, Santa Barbara City College West Campus, 721 Cliff Drive -- no reservations required; $10 admission ($5 students) ---- sponsored by permie folks -- http://sustainability.sbcc.edu/
i]According to Bernard Lietaer, scarcity doesn't need to be a guiding principle of our economic system. He also suggests that money should work for us, not the other way around, and unlike the weather, wasn't created by Nature, it was created by us!
Monetary systems have existed throughout human history, and with the centuries-old model that currently exists, has been the culprit for many of the negative economic and environmental issues we face today. But what most have forgotten is that money is a "human designed construct" that we absolutely have the ability to redesign for a more abundant and sustainable future.
Join the SBCC Center for Sustainability for a talk with Bernard Lietaer, author of the newly published book, "New Money for a New World" on *Sunday, May 6, 6:30-9pm, as he discusses radical but proven ideas about complementary currencies and their ability to strengthen local communities and their economies, while buffering them from the ups and downs of the global economy. Using innovative "new systems of exchange, along side existing national currencies", Lietaer suggests we move away from single currency monocultures, with their inevitable boom and bust cycles, to multiple and diverse systems of exchange. When one exchange system goes down, another one is in place for welcome stability, with a resilience and diversity that mimics natural ecosystems.
Sharing compelling examples of successful complementary currencies used around the globe today and those from past eras of history, Lietaers ideas are less revolutionary than they appear. Using creative initiatives such as airline frequent flyer miles (a form of complementary currency promoting customer-loyalty in exchange for free travel), Time Banks, commercial barter, carbon currency and mutual credit systems, communities can empower themselves and flourish in spite of the current economic crisis, by simply rethinking how money works.
For learning institutions such as colleges that currently leave many students in enormous debt and others left out of the system altogether, an exemplary complementary currency model is the Brazilian Saber, where funds from a small tax on cell phone usage is used to create "sabers" officially redeemable for teaching other students or tuition payments, thereby creating a "learning chain and learning multiplier" effect. The University of Missouri, Kansas City, introduced an innovative complementary currency called Buckaroos, that students can earn while performing community service activities.
Bernard Lietaer is a former Belgium banker and the author of several highly acclaimed books including "The Future of Money: Beyond Greed & Scarcity"; and "Creating Wealth; Growing Local Economies with Local Currencies", and his most recent, "New Money for a New World". He has been active in the realm of money systems in a wide variety of functions for almost 40 years, including being one of the principle architects of the European Euro. Formerly a professor of international finance at the University of Louvain, Lietaer was a fellow at the Center for Sustainable Resources at the University of California, Berkeley. Lietaer co-founded one of the largest and most successful currency management firms, GaiaCorp. He is co-founder of ACCESS Foundation, an educational non-profit organization whose goal is the re-alignment of sustainability and global financial interests. Business Week magazine named him "the world's top currency trader" in 1992.[/i]