The global money system: not the kind of normal we should get back to describes the urgency, and the opportunity, of ushering in a new, more equitable and sustainable economy based on the deployment of the innovative mechanisms of exchange and finance that I have long advocated. We need to ask ourselves what it is that keeps us on the treadmill. We try to get ahead but so often we end up simply standing still or falling farther behind. We are all chasing after that thing that everyone demands from us–money. The problem is that there is never enough money in the right places to fairly distribute the vast amount of wealth that the economy produces. What if we could all stop chasing after money? Money scarcity is an artifact of the interest-based, debt-money regime. Better means of exchange are available; we simply need to organize and use them.
The End of Money…
The original 2009 edition of my book, The End of Money and the Future of Civilization , is out of print but the Kindle edition and used copies can be ordered from Amazon.com. Chapters of the new 2024 edition will be posted as they are completed. You can find them here.
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Money: Understanding and Creating Alternatives to Legal Tender
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Top Posts
- Welcome to the new 2024 edition of The End of Money and the Future of Civilization...
- The scam that is the global money system
- My Videos and Sites
- Sardex, an emerging model for credit clearing exchanges?
- WHERE DID THE GREEK BAILOUT MONEY GO?
- Chapter 7— The Nature, Cause, and Consequences of Inflation
- There once was a river …An allegorical tale of money and credit
En español
- Arquitectura y operaciones de intercambio comercial: una conversación con Chip Davis y Charlie Davis
- Dinero, Poder, Democracia, y Guerra
- El fin del dinero y el futuro de la civilización
- El fin del dinero y la liberación del intercambio. Presentación en la Conferencia de Dinar de Oro 2007, Malasia
- La metamorfosis
- La Revolución del Intercambio: LLEVANDO EL COMERCIO SIN DINERO A UN NUEVO NIVEL
- Libertad de expresión contra las cuerdas.
- Liquidez y monetización: una monografía
- Reclamando el crédito como bien común
- Recuperando el crédito de los comunes. Rumbo a una Sociedad Mariposa.
- Reinventando el Dinero
En français
Στα Ελληνικα
My Audio-visual presentations
- 2006-02 How to Build Healthy Community Economies, Auroville, India
- 2006-02 How to Build Healthy Community Economies, Auroville, India–Q&A
- 2006-Auroville. Answers to critical questions
- 2007 Auroville-Community and Economy: A rational approach to sustainability, harmony, and prosperity
- 2007-05 Reinventing Money, Sebastopol, CA
- 2007-Presentation at the Gold Dinar Conference-The End of Money and the Liberation of Exchange
- 2009-05-05 The End of Money and the Future of Civilization-IONS
- 2009-08 The End of Money, Tucson
- 2009-08-24 Basic Business Issues for Enabling Local Exchange, Tucson
- 2009-10 Panel Sessions at the Economics of Peace conference
- 2009-10 presentation -The Economics of Peace, Justice and Sustainability
- 2009-11 My presentations at the Conference on Michigan’s Future Energy, Economy & Environment (files 140 and 141, and 595 and 596, respectively)
- 2009-11 The End of Money and the Future of Civilization
- 2009-Cutting Edge Capital Raising for Small Business
- 2010 The Credit Commons
- 2011 FPA Presentation-Financial Planning in the Emerging Butterfly Economy
- 2011 FPA Presentation-Financial Planning in the Emerging Butterfly Economy-Movie with narrative
- 2011 The Butterfly Economy-Movie
- 2011-11. The Emerging Butterfly Society – Thomas Greco
- 2012-A New Paradigm in Exchange and Finance: The pathway to peace, justice, freedom, and a dignified life for all
- 2013-06 Value Measurement Discussion-Improved
- 2013-IRTA Panel
- 2014-10-The Evolution of Money and its Potential to Improve Humanity
- 2014-10-The FUTURE of VALUE EXCHANGE
- 2014-Money, Power, Democracy, and War
- 2015-The Exchange Revolution. Athens workshop presentation
- 2016-10 A World Without Money and Interest: A pathway toward social justice and economic equity
- 2017 Disruptive Technologies Making Money Obsolete
- 2020 The Exchange Revolution: taking moneyless exchange to a new level
- 2020-04 A Conversation about the Dysfunctions of Money, and the Need for Decentralized Exchange Alternatives
- 2020-09 Get Ready to Play in the Butterfly Economy
- 2020-09 What if things had gone differently?
- 2021-05&06 Webinar series: Our Money System – What’s Wrong with it and How to Fix it
- 2021-07 Solar Dollars–Empowering Communities While Powering Communities With Renewable Energy
- 2021-11 Transcending the present political money system–the urgent need and the way to do it.
- 2021-11 Transcending… Q&A
- 2022-09 Private and complementary currency systems-Summary
- 2022-09 Private and complementary currency systems: purposes, principles, practices, and performance
- 2023-02 Alternative Currencies and Solar Dollars–Why we need them; How they work
- 2023-02-Monnaies alternatives et dollars solaires. French subtitles
- 2023-08 The Tyranny that is the Global Money System
- Just Cooperate–What we can learn from nature
- My 2 Minute “Elevator Speech” About Solving the Money Problem
- There once was a river, …an allagorical tale
My Interviews
- 2003-06-26 Democratizing Money
- 2006 (March)-Interview by Sebastian Cortes at Auroville, India
- 2009 Interview on Green Planet Radio, New Zealand.
- 2009 Interview on New Dimensions Radio–Toward a Credit Commons
- 2009 Interview on New Dimensions Radio: Investing in the Bank of You and Me
- 2009-04. Thomas Greco's Interview by Kim Hill of Radio New Zealand.
- 2009-06 Interview on The Power Hour with Joyce Riley
- 2009-07 interview featuring Thomas Greco and Annette Riggs on The Power Hour with Joyce Riley
- 2009-10 Interview with Daniel Pinchbeck (4 parts)
- 2009-10 Thomas Greco interview on Conscious Media Network
- 2009-11-05 Thomas Greco Interview on KBCS, One World Report.
- 2010 (June) Interview of Thomas Greco by Ken Rose, KOWS
- 2010 (March) interview, Irish Side of the Moon
- 2011 (June) Interview by KMO for C-Realm Podcast
- 2011 Interview by Frank Touby, The Bulletin, Toronto
- 2011 Interview by Hugh Reilly, ThatChannel, Toronto
- 2012 – The End of Money as We Know It and the Future of Civilization. Interview by Jay Taylor
- 2013-The Debt Growth Imperative. Interview with Community Currencies in Action
- 2014-12 Interview on Bartertown Radio
- 2015-08-13-The changing picture in complementary currencies
- 2017-03-15 interview on Primo Radical podcast #121
- 2019-02. Why the future of money is mutual credit (and not Bitcoin)
- 2019-10 interview on Ellen Brown's podcast, It's Our Money
- 2020-10 My interview with Patricia Cori on Beyond the Matrix
- 2021-04 Discussion with Intercoin founder Greg Magarshak
- 2021-05 — Conversation with Edgar Cahn, Tim Jenkin, et al
- 2021-12-30 Interview on It's Our Money with Ellen Brown
- 2023-02 Alternative Currencies and Solar Dollars–Why we need them; How they work
- 2023-04 My interview with Alasdair Lord, the "Renaissance Yorkshireman"
- 2023-05 My conversation with Emily Peyton and Jim Hoag
- 2024-02-24 Interview with Bruce de Torres on TNT Radio
My sites
Other Resources
Recommended Sites
- * News and Information Sources-My Favorites on the State of the World
- A New Approach to Freedom
- Barter News Weekly
- Bartertown Radio
- Cliff’s Edge Signalling Company
- Community Exchange System-CES
- Community Way
- Complementary Currency Resource Center
- Complementary Currency Systems presented by Richard Logie
- Econ Talk interviews
- Ethical Markets
- Geopolitics-recommended authors, commentators, and sources
- Henry C K Liu
- Hidden History Center
- Ideas for an Alternative Monetary Future
- Inspired Constitution
- IRTA-International Reciprocal Trade Association
- Low Impact
- MindDetox–Rafael Zambrana's Informative Blog
- Moneeey
- Monetary freedom bibliography of John Zube
- Monetary Realism
- Money as Debt
- National Inflation Association
- New Currency Frontiers
- Nuet Nodes
- Open Credit Network
- Open Money Project
- Other Networks
- Panarchy
- Peer-to-Peer Foundation
- Primo Radical Podcasts
- Program on Corporations, Law & Democracy
- Public Banking Institute
- Ratical Earth Journal
- Richard C. Cook
- RT.COM
- The Essence of Money-Animation by Paul Grignon
- The Henry George Academy
- The Henry George Institute
- The MetaCurrency Project
- The Monetary Future
- The Money Fix
- The Money Masters: How International Bankers Gained Control of America
- Walter Zander
Research and Reviews
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Recent Posts
Resources
- 2009-10 Interview of Thomas H. Greco by Daniel Pinchbeck
- 2019 September Newsletter
- 2020-10-07 My Interview with Patricia Cori on Beyond the Matrix
- 2021-12-30 Interview on It’s Our Money with Ellen Brown
- 2023 April Newsletter — The state of the world, and what’s being done about it.
- 2023 August Newsletter — Monetary Tyranny, the End of Dollar Dominance, and a World in Crisis
- 2023 Winter Newsletter–Answers to the Money Problem, and the state of the World
- 2024-02 Interview with Bruce de Torres on TNT Radio
- A Brief Statement of The Valun Private Enterprise Money System of E. C. Riegel
- A Draft Manifesto of Monetary and Financial Rights and Liberties
- A World Without Money and Interest: A pathway toward social justice and economic equity
- About
- Alternative History — What If?
- APPENDIX B An Objective Composite Standard Measure of Value
- Beyond Money Podcast
- Beyond Money Podcast
- Bitcoin, Blockchain, and the end of money as we’ve known it
- Case Studies
- Commercial Trade Exchange Architecture and Operations—A Conversation with Chip Davis and Charlie Davis by Thomas H. Greco, Jr.
- Community Currencies — Questions and Answers
- Confronting the power elite
- El Fin del Dinero y el Futuro de la Civilización
- Excerpts
- Financing alternatives
- Gloom and Doom, But There’s a New Dawn Arising
- Go, set, get ready for your mark!
- Greco Keynote at IRTA – September 2006
- How to Fix Money, Banking, and the Economy, and Usher in a New Convivial Civilization
- How to Solve the Money Problem, in a Nutshell
- Introduction to free money and free banking
- Ivan Illich and the Coming Cultural Revolution
- Library
- Money Freedom Declaration of E. C. Riegel
- Monnaies Locales, French Translation of my book, New Money for Healthy Communities
- Mutual Credit: Questions & Answers
- My Books, Monographs & Articles
- A Model Membership Agreement for a Credit Clearing Service
- Commercial Trade Exchanges, Their Present Limitations and Potential Future
- Credit Clearing – Pure and Simple
- Demurrage: is it a good idea for a local currency or exchange system?
- Fundamentals of Alternative Currencies and Value Measurement
- Global monetary system is headed over the cliff—An Open letter to Jim Rickards
- How to Bring Liquidity Into an Economy, Free of Interest, Inflation, and Boom and Bust Cycles
- Liquidity and Monetization-a monograph
- Local Currencies—what works; what doesn’t?
- Money and Debt: A Solution to the Global Crisis
- Money and Finance Have Now Been Completely Collectivized
- Money, debt and the end of the growth imperative
- New Money: A Creative Opportunity for Business
- Reclaiming the Credit Commons
- Solar Dollars – a way to promote renewable energy, while supporting the local economy and providing interest-free financing for utility companies
- Stop Chasing the Buck and Change Your Luck
- The Cooperative Community Commonwealth: A Prospective Outline for a New Socio-economic Framework
- My Videos and Sites
- News and Information Sources — State of the World
- Newsletter — November 2019
- Newsletter 2023-06 — The Emerging New Civilization
- Newsletter 2024-01– Mutual Credit Clearing, and More…
- Questions for discussion
- Recent Articles
- Reclaiming the Credit Commons
- Research and Reviews
- Resource Links
- Bitcoin, Blockchain, Crypto Resource List
- E. C. Riegel – Master of Monetary Truth
- E. C. Riegel’s Money Freedom Declaration
- E. C. Riegel’s VALUN MUTUAL MONEY PLAN
- Important Federal Reserve Publications
- Proposal – A Bioregional Economic Development Program Based on Mutual Credit Clearing
- State of the World—recommended authors, commentators, and sources
- Take back the money power
- Usury and the Church of England – Henry Swabey
- Resource links from Albert Bates
- Riding the Populist Wave
- Roundtable details
- The betrayal of the Ukrainian people; you’re next!
- The Economy—How Bad Will It Get?
- The End of Money and the Future of Civilization
- The End of Money and the Future of Civilization
- The End of Money: Take Power Back From the Money and Banking Monopoly
- THE END RESULTS OF THE WÖRGL EXPERIMENT.
- The Local Employment Trading System
- The Usury Conjecture on the centralized, interest-based, debt-money system
- There once was a river …An allegorical tale of money and credit
- Tour Reports-2007
- Transcending the present political money system–the urgent need and the way to do it.
- Walking Away: From the “New (Old) World Order,” into the Old (New) World Order. Part I
- Walking Away: From the “New (Old) World Order,” into the Old (New) World Order. Part II
- Walking Away… Part III
- Webinar Series: Our Money System – What’s Wrong with it and How to Fix it
- Welcome to the new 2024 edition of The End of Money and the Future of Civilization…
- Youth Employment Scrip-Solving Two Problems at Once
Categories
- alternative currencies bailout Bangla-Pesa Banking bank of england barter Bernie Sanders Bitcoin butterfly economy capitalism central banking central banks China commercial barter exchange community currencies community currency credit credit clearing crowdfunding currencies currency debt debt crisis debt imperative debt money. depression dollar Donald Trump economy exchange alternatives Fed Federal Reserve financial crisis freedom gold Goldman Sachs Greco Greece growth imperative Iceland inflation interest IRTA legal tender Libya local currency meltdown Metamorphosis Michael Hudson money money power mutual credit clearing newsletter new world order Occupy Wall Street Paul Craig Roberts politics power private currencies Putin quantitative easing Riegel Ron Paul Russia sustainability the butterfly society the end of money The Occupy movement trade exchange trade exchanges Ukraine usury valun war webinar
Archives
Beyond Money
- Chapter 7— The Nature, Cause, and Consequences of Inflation
- Chapter Six — Usury, the Engine of Destruction
- Wow! Such a beautiful film, so moving and inspiring.
- Interview with Bruce de Torres on TNT Radio
- Upcoming interview Saturday on TNT Radio
- Chapter Five, The New World Order
- Newsletter 2024-01– Mutual Credit Clearing, and More…
- Chapter 4, Central Banking and the Rise of the Money Power is now available.
- Chapter 3, The Contest for Rulership—Two Opposing Philosophies
- Chapter 2, Mega-Crisis to Metamorphosis—Can Civilization Be Saved?
Hi Thomas-
Fan & fellow alt-money consultant here — have you tried out Simbi.com? Love to hear your impressions & possibly have your help from an advisory standpoint!
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Pug, I took a look at is some time ago but don’t remember much. Can you describe in 400 words what it is, what it does, and how it fits into what you know of my agenda?
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Of course! Simbi is a platform for individuals to exchange services using a fiat currency of “Simbi credits” (it also has the feature to exchange goods, but they aren’t used much since shipping also costs dollars).
In any system like this, the details of creation & distribution are where the rubber meets the road. Simbi isn’t perfect yet (its credits have traditionally been created primarily through bonuses for signup, referral, etc.), but since taking over operations, we are updating those critical structures — i.e. for credit creation: we are piloting a system where verified nonprofit organizations reward volunteers for their causes with newly-created simbi credits to be spent elsewhere in the economy. Over time, this will turn Nonprofit Orgs into Simbi’s “central banks” — it’s a feature I’m very excited about & so far has had nothing but positive feedback, but I’m quite interested to get your detailed take on that & other similar ways to to advance the non-debt economic agenda. 🙂
Links for further “Simbiotic” exploration:
https://simbi.com/economy (transparent credit supply, velocity, etc. dashboard — requires login)
http://blog.simbi.com/expenses (open source monthly budget — public)
https://simbi.com/howitworks (user process overview — public)
Thanks for being open to a discussion! (I also have done lots of work in piloting timebanks for individual orgs using WordPress+plugins, so maybe there are also other issues/opportunities for us to discuss?)
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Pug, I appreciate your efforts to create better ways of exchanging goods and services but you need to understand the fundamental purpose of a currency and the proper basis of issue.
See my replies to Albert Leger’s questions at
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I’ve now read your replies to Albert’s questions, and I don’t see how they address your perception that I don’t “understand the fundamental purpose of a currency and the proper basis of issue” — I have consulted on many timebank and other digital currency projects, and feel that I understand these concepts very deeply, but since you didn’t offer any response specific to what I laid out, I can only conclude that you don’t feel an actual discussion is worth your time. Perhaps if I offered dollars. The irony! Have a great weekend.
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I’m sorry if I’ve hurt your feelings. My time and energy are very limited and I’m already spread too thin. You could offer any amount of dollars but that would change nothing.
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I agree with you Tom. The Coronus Virus and the consequence of the lockdown is destroying the economy as we know it. Local Exchange Trading Systems might achieve supremacy over the rubble of the present monetary order.Let us hope! Positive Money reports that Government money has been created without involving the banks purchasing Treasury Bonds.
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