What is money? And how successful is it in solving society’s ills and meeting its needs?
Currency expert Bernard Lietaer states that the fundamental problem with our present-day monetary system is that it is not sufficiently diverse. It dams and bottlenecks our creative energies, and keeps us trapped in a world of scarcity and suffering. But we actually have the capacity to create a very different reality by enabling our energies to move more freely where they are most needed, including towards cleaning up our environment, building adequate housing and providing good quality healthcare, etc.
Prof. Lietaer will show that we need an upgrade of our monetary systems as a systemic solution to our global economic, financial and sustainability crisis. He will show that we need the circulation of different types of currencies for different types of purposes.
This is a revised version of my talk for the 2017 Festival of Ideas for Change, on why we need to reform laws governing the way money is repeatedly created, destroyed and created again for the benefit of those seeking wealth and power.
In a previous post entitled Is our credit creation system the father of all pathogenic human interferences?, I endeavoured to compare and contrast the delocalized mitochondria that sufficiently powers our cells in our bodies via ATP production (without debt and interest production), and our centralalized banking system that insufficiently disempowers our communities in our nation-states via debt-producing compound-interest… Read More
Imagine a world where governments can borrow huge amounts of money created by private corporations (for their own profit) and charge the debt to taxpayers (without any say-so from those taxpayers); then use the money to do whatever they like, including buy arms, make wars and laws and payments to benefit themselves, their supporters and friends.
Imagine a world where the entire money supply is created as debt, and rented out at interest. Debt rented out at interest? Can such a devious a form of robbery even exist?
It can and does; for this is the world we live in today…
Published on Sep 29, 2013 Joe Bongiovanni discusses our monetary system and why fixing it is the single most important issue facing people and the planet. Joe explains how money is created as debt by private banks and how that system heavily favors principles and values that are in direct opposition to those who seek… Read More