Welcome »

About ‘Money and Sustainability’

About ‘Money and Sustainability’

28/05/2012 – 11:24 | 2 Comments

We tend to assume that we must have a single, monopolistic currency, funded through bank debt, enforced by a central bank. But we don’t need any such thing! In fact, the present system is outdated, …

Read the full story »

Video, Welcome »

Why this report now?

28/05/2012 – 09:45 |

Occupy Money, Video »

For the 1% – A Terrain for Compromise

28/05/2012 – 12:15 | One Comment

Is there a terrain of compromise that might also be acceptable to the protagonists of the financial system? Anyone enjoying the privilege of a monopoly will tend to fight to retain it. Legitimising non-financial incentive systems will therefore not be an easy path for the financial system, and even harder to accept for some central banks. However, in contrast to the Chicago Plan, what is proposed here keeps the core of the banking system’s business model intact. Interest in a Chicago Plan reincarnated under the name of ‘Modern Money Theory’ (MMT) is now spreading, even at the grassroots level. Just one example: a public conference entitled ‘the MMT Summit’ was held in Rimini, Italy, on 24-26 February 2012. It attracted several thousand participants!

When assessed in terms of its societal consequences, maintaining the monetary status quo and the Official Paradigm seems increasingly irresponsible, perhaps untenably so. European countries have been financially cornered into dismantling social safety nets that took generations to build, and into retracting the promises made to people who contributed throughout their entire working lives to a pension and health care system. Governments will also be obliged to privatise cultural heirlooms that have, in many cases, been public property for centuries or even millennia. Most regrettably, universal austerity will render them totally unable to exert the leadership required for the kinds of investment needed to avoid runaway climate change.

The Fiat Currency Paradigm makes it clear that our money system is an 18th century legacy information system, rendered quite convoluted and sclerotic by 300 hundred years of use and abuse. How will we explain to our children and grandchildren that thanks to the technological means available in a new Information Age, we were able to update all our information systems except our monetary system? Who will take responsibility for telling them that we sacrificed the planetary biosphere in order to keep our monetary system operational for one more decade?

Thomas Friedman’s op-ed piece from the New York Times, previously mentioned in Chapter VI, concludes: “Capitalism and free markets are the best engines for generating growth and relieving poverty – provided they are balanced with meaningful transparency, regulation and oversight. We lost that balance in the last decade. If we don’t get it back – and there is now a tidal wave of money resisting that – we will have another crisis. And, if that happens, the cry for justice could turn ugly. Free advice to the financial services industry: Stick to being bulls. Stop being pigs.”


Book Recommendation: Occupy Money (Margrit Kennedy)

28/05/2012 – 09:53 |
Book Recommendation: Occupy Money (Margrit Kennedy)

Seit über 25 Jahren setzt sich die bekannte und renommierte Geldexpertin Margrit Kennedy für neue Geld entwürfe ein. Ihre Bücher sind weltweit zu Longsellern geworden. Nun legt sie mit Occupy Money ein visionäres Plädoyer vor …

Video: Occupy Money

28/05/2012 – 09:48 |
Video: Occupy Money

“The all Occupy Movement is defining itself in terms of the 99% versus the 1%. The strategy that we are proposing, which is a monetary ecosystem, is actually a 100% solution.”

Press Release: “Geuro” – a parallel currency for Greece is not a new idea

28/05/2012 – 09:44 | One Comment

The proposal by Thomas Mayer, chief economist of Deutsche Bank, to prevent the seemingly inevitable withdrawal of Greece from the EMU by introducing the “Geuro” as a national parallel currency sparked a broad public discussion. …

Video: Saving Greece

28/05/2012 – 09:41 | 3 Comments
Video: Saving Greece

“The entire debate, the public debate, on the Greek situation and the Euro as been positioned as if there are two solutions only, completely in or completely out, either 100% or zero. I think this …

The eurozone crisis: a workable solution, available today…

28/05/2012 – 09:40 |

As this book goes to press, the electorate of Greece – after two years of the most drastic austerity measures in modern history – has voted clearly against the cuts, the bailout and the political …

Appendix A: A Primer on How Money Works: ‘Your’ Money in Its World

28/05/2012 – 09:35 |

“The only people who claim that money is not an issue are those who have sufficient money that they are relieved of the ugly burden of thinking about it.” So thought the American writer Joyce …

Appendix B: Climate change

28/05/2012 – 09:34 |

Appendix C: Mapping Paradigms – Christian Arnsperger

28/05/2012 – 09:33 | 3 Comments

C.1. Three examples
C.2. The mirage of neutrality
C.3. The inevitability of paradigms
C.4. Paradigms and their basic dynamics
C.5. …

Appendix D: Complex Flow Networks

28/05/2012 – 09:32 | 2 Comments

This paper (Appendix D from Money and Sustainability: The Missing Link) presents more of the theoretical framework on which the proposed scientific approach towards sustainability used in the Report is based.
The approach used here is …

Appendix E: A Chinese Insight

28/05/2012 – 09:06 |

This appendix uses philosophical language to shows that, for the first time, Western science is demonstrating the validity of the insights of ancient Chinese philosophy. Specifically, it shows that Taoism provides a better insight into …