Category Archives: Community

My latest interview with Greg Magarshak

This discussion between Thomas H. Greco, Jr. and Intercoin founder Greg Magarshak covers a wide range of topics including the principles of sound currency issuance; mutual credit clearing; proper allocation of credit; the problems of centralized power, depression, and inflation; empowerment of small businesses and local communities; crypto-currencies; universal basic income (UBI), and more.  

Newsletter February 2021 — The Impending Failure of Wikipedia and other news

In this issue:

  • “Artificial Intelligence,” Bots, and Censorship: Why Wikipedia can no longer be trusted
  • Censored on Facebook
  • Consolidating and Preserving my Legacy
  • The Farm
  • Now, for your edification and amusement

Read it on my Mailchimp site.

Who’s Reset will it be?

The oligarchs, plutocrats, and technocrats have a plan for you. It’s been called the “New World Order,” and now, “The Great Reset” which is being promoted by the World Economic Forum. Despite their high sounding rhetoric, you and I will have no role in formulating this plan, rather it is self-elected “global leaders” who will “come together to design a common recovery path and shape the Great Reset.”

It is imperative the people around the world come together now to plan our own future, one that is based on our own common values, needs, and a shared vision of how humans can live in harmony with nature and with each other. One current initiative that intends to facilitate that effort is “The Greater Reset” which is upcoming starting Monday, January 25th and continuing through Friday, January 29th.

Our World. Our Way.

The Greater Reset Activation: January 25th – 29th, 2021

“The Greater Reset is the world’s collective response to the World Economic Forum’s Initiative: The Great Reset.

“We offer an alternative to the WEF’s top-down, centralized, authoritarian vision. Our desire is to help all people find community and liberty by providing practical steps and knowledge for co-creating a world that respects individual liberty, bodily autonomy, and choice. We invite you to join us for 5 days of discussion about the diverse opportunities available for those who seek to live in harmony with humanity and the planet, while respecting our innate freedom.”

You can get program details, and sign up for “The Greater Reset” at https://thegreaterreset.org/

Relocalization and Community Empowerment–How to get it done

You won’t want to miss this webinar with
GAYLE MCLAUGHLIN for a conversation on
How a Progressive Alliance Can Change Culture

Gayle McLaughlin was a two term Mayor of Richmond, CA and she is currently running for the Richmond City Council in 2020. Under her leadership as Mayor, Richmond increased the minimum wage to $15 an hour in 2008. Homicides were reduced by 70%, and the Richmond Chevron refinery was forced to pay $100 million dollars in additional taxes after a successful lawsuit that required payment for the environmental hazards and harm they caused to the community. She led the fight against foreclosures in Richmond. She co-founded the Richmond Progressive Alliance, which was the precursor to the California Progressive Alliance. As Mayor, she also oversaw the hiring of a new police chief who radically altered the police culture in their community by reorganizing the police force to one that worked with, instead against, the community. In 2016, she helped pass the first new rent control law to take effect in California in 30 years. Her book, Winning Richmond: How a Progressive Alliance Won City Hall, is available online. Gayle has never taken any corporate money in her campaigns and she has won every one thus far. Her enlightened leadership has altered Richmond but, as she says, there is much to be done to keep the progressive values and gains alive. Which is why she is running for the Richmond City Council again.

Gayle’s first book, Refinery Town: Big Oil, Big Money, and the Remaking of an American City, was published in 2017 with a foreword written by Bernie Sanders. In 2019, her political memoir, Winning Richmond: How a Progressive Alliance Won City Hall, is literally a how-to for radically changing city governments. In all of her campaigns for public office, she has never taken any money from corporations.

Friday, June 26 at 4:00 pm, Pacific Daylight Time.

Tickets: $20 General. * $15 for Praxis Members – Zoom link sent upon Registration. Click Here to Register. If you cannot afford a ticket or need a reduced fee, please Contact: info@praxispeace.org  

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“Everything’s up to date in Kansas City,” including free public transit

On December 5, the Kansas City council voted unanimously to make city bus routes fare-free. While the city’s light rail has been free for some time, fare-free service will now be extended to include all bus routes.

Well, it makes good sense, doesn’t it? At a time when income disparities are becoming ever more extreme, lower income people still need to get to work, and greater mobility has many benefits in terms of productivity and quality of life. Besides that, a shift toward mass transit has positive benefits for the environment. I, for one, hope that other cities will follow this example.

Read all about it at, Kansas City becomes first major American city with universal fare-free public transit.

 

How to get the job done!

Several months ago while hiking in Sabino Canyon near Tucson I noticed out of the corner of my eye something astonishing. Fortunately, I happened to have my phone with me so I recorded it. I’ve recently taught myself some video editing skills so now I am able to share the experience. The video below clearly shows what can be achieved when there is coordinated action working toward a common objective. Are humans as smart as ants?

A prime example of stigmergy

You can also find it on YouTube at https://youtu.be/Vg-8J72Jp-Y. Help it go viral.

Democratizing capitalism

Cutting Edge Capital’s Vice-President Brian Beckon provides a crash course on investing and community development, and describes how ordinary people can invest some of their savings in local profit-making ventures that conform to their values. The strategies being worked out by his firm are aimed at creating healthier, more resilient and self-reliant communities while enabling small investors to earn a share of the profits generated by businesses that they believe in and wish to support. Approaches like these are essential to building a more democratic and equitable economy. Listen here.

How to Bring Liquidity Into an Economy, Free of Interest, Inflation, and Boom and Bust Cycles

Abstract
Most economies suffer from a lack of liquidity, especially outside the large corporate and government sectors. This lack of means of payment (liquidity) is a fundamental cause of unemployment and failures of small and medium sized businesses (SMEs). It generally derives from flaws that are inherent in the centrally controlled systems of money and finance and the increasing indebtedness of both the private and public sectors. The surrender of monetary sovereignty by national governments to central banks, and to currency unions, such as the Euro, and their increasing indebtedness, as in  as in the case of Greece, have made it virtually impossible for their economies to thrive.

This article describes how domestic or community liquidity, i.e., means of payment, that enable the process of reciprocal exchange of value, can be created by various entities at various levels, from communities and business associations, to municipal governments and agencies, to national governments. The main obstacles to their implementation are not economic, but organizational and political, yet there is still considerable leeway within which the value of local production can be monetized in the form of circulating private currencies and trade credits created within associations of buyers and sellers. This article describes how that can be done.

Read the complete article here.

This subject was the main focus of my 2017 workshop in Greece.

Newsletter—Spring 2016

Upcoming AgendaIMG_5014

Europe. I’ve booked my flight to Europe. I’ll be landing in Milan, Italy on 31 May, will remain there for 2 or 3 days, then travel onward to Athens, Volos, and Pelion.

As I mentioned in my January newsletter, I will be conducting a weeklong course in innovative finance, exchange, and economics from 24 June thru 1 July at the Alexandros campus of the Kaliklos Holistic Summer School. This collaborative and problem-centered course titled, Exchange and Finance for the New Economy: Principles and Practice, is intended to stimulate the development and deployment of community currencies, moneyless exchange system, and equitable finance, and is designed especially for social entrepreneurs, enthusiastic agents of change, government officials, and serious students who are ready to co-create a new sustainable and convivial economy from the bottom up. Besides learning and co-creation, courses at Kalikalos also provide participants with opportunities for community building, personal growth, and recreation.

I am excited to be returning again this year to Greece and to be working with course participants to achieve some truly revolutionary outcomes. We’d be pleased to have you join us.

Details about the course, fees, and booking are at http://www.kalikalos.org/exchange-finance. One or two bursaries may be available to qualified low income participants.

Greek participants are being offered (1) a discount of 33% on the full course, or (2) for those who are able to participate only on the weekend of 25/26 June, an invitation to do so on the basis of a free will offering.

Malaysia. I’ve accepted an invitation to speak in October at the International Forum on Inclusive Wealth (http://www.ifiw.my/) in Kuala Lumpur, Malaysia. The subject of my presentation will be a revolutionary plan for the creation of a global exchange network based on locally controlled credit clearing exchanges. This will be an elaboration of ideas I first laid out in a chapter of my 2009 book, The End of Money and the Future of Civilization.

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The Panama Papers: The secrets of dirty money

The rich and powerful have for a very long time used shell companies and secret numbered bank accounts in tax haven countries to not only avoid taxes, but to hide their gains from illegal and immoral activities. Now, thanks to yet another courageous whistleblower, the general public is getting a glimpse into this world of hidden wealth and malfeasance.

The so-called Panama Papers that have recently been disclosed by the media were first delivered by an anonymous whistleblower about a year ago. Since then additional documents have been provided and the trove of data now consists of 11.5 million documents that total 2.6 terabytes of digital files. This leak is said to be a bigger bombshell than even Edward Snowden’s revelations of U.S. government’s spying on citizens and allies.

It will take a long time to sift through all that material but a few startling revelations have recently been made. I have to wonder though, why it has taken so long for any of the contents to be reported in the mainstream media, and why the initial focus has been on Russia, Iceland, and FIFA? Why have we not heard about names of any Americans turning up in these documents? Surely we have more than our share of crooks in the USA, the greatest of all tax havens. MSNBC has something to say about that, which you might want to read. I wonder, might something in these documents have implications for the 2016 Presidential election? Hey, you journalists, let’s get cracking on that.

If you wish to dig deeper into this matter, a good place to start is on the website of Süddeutsche Zeitung, http://panamapapers.sueddeutsche.de/en/.

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Geopolitics—Why was Qaddafi murdered?

The US-NATO attacks on Libya and the overthrow of its government is by now old news, but very few people are aware of the real reasons behind the intervention. Ellen Brown, in a recent article, Exposing the Libyan Agenda: A Closer Look at Hillary’s Email, has done a good job of exposing the real agenda in Libya, and to the rest of the world for that matter. She concludes, “violent intervention was not chiefly about the security of the people. It was about the security of global banking, money and oil.” The fact is that anyone who is perceived to be a threat to the dominance of the global money and banking regime will be ridiculed, discredited, or eliminated.

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Living in Community

As I grow old(er) I’m feeling the need to be a bit more settled than I’ve been in recent years. Although I’m in pretty good health and still independent, my nomadic lifestyle is becoming more difficult. I’m seeking to connect with others of like mind to invent new ways of aging together and supporting each others’ independence and whatever good work we still hope to accomplish. To that end I recently posted an ad on the Fellowship for Intentional Communities website. Here’s what I said:

We are seeking to organize a group of independent seniors (and maybe a younger or two) who are still actively engaged and working in various ways to make a better world. We don’t like, or cannot afford retirement homes. We think a better way is to cooperate and share in a cooperative household where we can have the privacy we need while working together and providing each other with companionship and support.

The community might be located anywhere but our focus right now is on Tucson and southern Arizona which offers a delightful climate, a relatively low cost of living, and all the amenities that one might desire. Large houses in this area can be leased for quite reasonable rents.

If you have any interest, please let me know at thgreco@mindspring.com.

Spring flowers and fragrant blossoms refresh my spirit, I hope they do the same for you,

Thomas

Free Community Capital Toolkit

The Business Alliance for Local Living Economies (BALLE) is offering a Community Capital Toolkit that can be downloaded free of charge from the BALLE website.

In case you’re not familiar with BALLE, here is a brief description of the BALLE vision and mission from their website:

Within a generation, we envision a global system of human-scale, interconnected local economies that function in harmony with local ecosystems to meet the basic needs of all people, support just and democratic societies, and foster joyful community life.

At the Business Alliance for Local Living Economies, BALLE [bawl-EE], our work is focused on creating real prosperity by connecting leaders, spreading solutions that work, and driving investment toward local economies.

BALLE equips entrepreneurs with tools and strategies for local success, and we provide the national forum for the most visionary local economy leaders and funders to connect, build their capacity and innovate. …more…

Toolkit includes: The 20-page Guide to Community Capital
Seven FREE past webinar recordings
Access to a community capital library of resources

You can download it here.