Monthly Archives: June 2021

Webinar Series: Our Money System – What’s Wrong with it and How to Fix it

I recently conducted a series of three webinars for the Henry George School of Social Science. All three sessions were recorded and can be viewed at the links provided below.

Our Money System – What’s Wrong with it and How to Fix it
A webinar series that takes a critical look at money & credit, their political and economic implications, and innovations that are making conventional money obsolete.

Here is a brief description of each session as it developed and a list of References and Resources recommended for further study.
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Webinar #1 https://beyondmoney.files.wordpress.com/2021/06/our-money-system-session-1.mp4

Webinar #1 begins by laying out the “big picture,” the multi-dimensional mega-crisis that is challenging us make major changes in our various systems and meta-structures. It suggests that civilization is going through a metamorphic change that can lead us into a new “convivial” society, but that requires moving away from the old “caterpillar economics” of perpetual growth driven by our dysfunctional interest-based debt-money system, and towards a new sustainable and more equitable “butterfly economics.” It describes in detail how the present global system of money and banking is dysfunctional and destructive, how it has concentrated wealth in few hands, centralized political power, corrupted governments and given rise to a domineering “super class.” It describes how money is created based on lending at compound interest and how that causes an economic growth imperative. It shows the enormous explosion of debt that has been accelerating over time and cries out for a new more stable and equitable system of money and exchange. 

References and Resources

View videos:

Read:

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Webinar #2 https://beyondmoney.files.wordpress.com/2021/06/our-money-system-session-2-1.mp4

Webinar #2 covered money mysteries, myths, and misconceptions relating to the essence and functions of money, the way it has evolved over time, and what gives it value. It described the inflationary bias of political money which causes it to continually lose purchasing power, which stimulated a discussion about how to measure value and how to define an objective unit of account that can be applied to determine the value of any credit instrument, including political currencies. The second part of the webinar was about how we can re-empower our communities by taking control of our credit, shifting our purchasing, saving and investment decisions toward the local economy, and becoming more enterprising and less dependent upon employment in huge corporate businesses.

References and Resources

View video:

Read:

Explore: https://beyondmoney.net/

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Webinar #3 https://beyondmoney.files.wordpress.com/2021/06/our-money-system-session-3-1.mp4

Webinar 3 was the capstone of the series. It focused entirely on solutions to the problems that were discussed in the previous sessions. It described the shortcomings of the current alternative exchange prototypes, enumerated the essential principles that need to be observed in order to make exchange alternatives more scalable, and suggested the types of organizational structures and protocols that are needed to create an effective and secure network of exchange that will be locally controlled but globally useful. It also contained a short video presentation that describes Mr. Greco’s vision of a global system of exchanges that apply mutual credit clearing in which “credit is locally controlled but globally useful.” This session also included a brief summary of his thoughts about the nature of and potential applications of digital currencies, cryptocurrencies, blockchain ledgers and smart contracts in building a new credit based system of exchange. 

References and Resources

Explore: https://beyondmoney.net/

Read:

View video:

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