The SBCC Center for Sustainability Presents:
The Future of Money:
Creating Sustainability & Abundance
with Complementary Currencies
with Bernard Lietaer
Sunday May 6, 2012
Fe Bland Auditorium, Santa Barbara City College, West Campus
$10-$5 SBCC Students
"Money is like an iron ring we've put through our noses. We've forgotten that we designed it, and it is now leading us around"
A ccording 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.
Faye Cox, local currency expert, will introduce and facilitate the talk, which will also include other community members for an interesting discussion of how complementary currencies might be used to address critical social and economic issues in our region.
The evening talk takes place on Sunday, May 6, 6:30pm-9pm, 2012, at the Fe Bland Auditorium, Santa Barbara City College West Campus, 721 Cliff Drive, SB, 93109. $10 general/$5 SBCC students. No reservations required. More info: (805)962-2571, email: firstname.lastname@example.org, http://sustainability.sbcc.edu/
International Journal of Community Currency Research (IJCCR):
The online forum for disseminating knowledge about community and complementary currencies around the world.
"National currency is cold and selfish by itself. So let's create community currencies with which we can warm up our communities as New Money For A New World recommends."
Former Minister of Justice and Supreme Court Judge in Japan
Chairman, Sawayaka Welfare Foundation
Founder of the Japanese "Fureai Kippu" currencies
"Bernard Lietaer and Stephen Belgin compel us to rethink our assumptions about money, economics, and commerce today. Their analyses and historical insights are incisive and provoke thought about what's gone wrong with economies all over the world. But more importantly, they provide tangible solutionsillustrated in real-world examplesto challenges we face with building more just, prosperous and sustainable global societies."
~Martin N. Davidson, Ph.D.,
Associate Professor at Darden Graduate School of Business
Author of The End of Diversity as We Know It
"Every so often, something comes along that changes our perceptions, turning our world upside-down and inside-out. New Money For A New World will shatter the views of anyone who uses money, and show how we can make money work for us, creating greater prosperity and possibility, while bringing balance to our greatest social and environmental problems."
Videographer of Creating Our Own Money
Facilitator of the Central Iowa Currency Initiative
"Lietaer suggests we move away from single currency monocultures, with their inevitable boom and bust cycles"
First off this former Belgium banker is utterly wrong on these two statements. The boom and bust cycle is a direct consequence of credit as supplied by banks. Credit by definition is taking future earnings to spend today. Well sooner or later the future comes and now we have to live UNDER our means to payback the money.So the cycle ,thousands or millions ape each other and borrrow, Expands and then contracts. Bank are also the cause of income disparity.The basics of the cause is you get X money from the bank but you have to pay X+I (interest). Now in a world were every dime was always in flow thru the economy it would work. Unfortunately,for bankers, real live people have to save for a rainy day or choose to invest and "grow" their money. That takes it out of the economy for someone to earn and pay that interest. So you have the marginal people failing to make the money that isnt their to be made and losing all the collateral So the poor get poorer.
Second. We already had a period like this in US history look up monetary history in the US in the late 1700's and early to mid 1800's.Every bank and state just about had their own currency. Local currencies work just fine.Until you need to go or trade away somewhere. Back then when that happened they could fall back on the world wide accepted currency Gold and silver.And why would it be more sustainable or have 1000 different currencies? It never has been before. History shows this. When two currencies are in direct competition one will always lose and be forsaken. Unless force is used to limit currencies or force people into using it. Plus as in his example why would I want to have my purchasing power be divvied up between 100 different nonexchangeable currencies?
You want sound money? Go back to Gold or Silver. Still the only money to hold its value for 5000 years.
If you want a to create something different. Remember these things money should not be perishable.Should be divisible while maintaining its value proportionately.Provable meaning an outside 3rd party can test it to prove it is what it is supposed to be. And just one for me it should maintain all this whithout a man being involved,if a man is necessary for any part of that that currency will fail. As history shows us.
subject: The Future of Money: Creating Sustainability & Abundance with Complementary Currencies