Category Archives: My activities

Mid-October Newsletter – 2013

In this issue

   November travel to Turkey and beyond

   Summer tour report, Part 2. Sweden and England

   Bangla-Pesa Charges Dropped

   The Geo-political Struggle

On the move again

I’ve been invited to give a presentation at the 4th Green Economy Conference, Green Economy and Commons, 16-17 November 2013, in Istanbul, Turkey. As a panel member on the 16th, my topic will be, Reclaiming the Credit Commons: the Key to a Green Economy and Global Harmony.

Now, as we approach the end of a very busy and demanding year, I’m feeling the need for rest and renewal, so my intention is to travel onward from Turkey to southeast Asia where I will take a lengthy sabbatical. I will try to remain in touch, but don’t be surprised if email messages are not answered promptly. If your communication is really important, mark it “urgent” and keep trying, or Skype me.

European tour report — Part 2, Sweden and England

Following the Hague conference, I travelled to Sweden for a two week stay (June 24 to July 8) during which time I gave presentations and met with community currency activists in Gothenborg, Lindsberg, Gotland, and Stockholm.

My Gothenborg presentation, titled The Economics of Peace, Justice and Sustainability: Toward a New Convivial World Order, was held in a lovely old church that has been converted into a community center and café that provides, among other things, services to the city’s homeless population. One of my Swedish hosts and main tour organizer, Marianne Påsse, sent out a report on that event. Here is an slightly adapted version of it:

We had a wonderful evening yesterday! We were around 50 people, including us. I was content with that (I had no idea of how many might come)! The evening started with a mini-concert; a leading violinist (Helga Hussel) accompanied by Barbro Fridén on accordion, playing Pearls of World Music. It was lovely listening to them in that very nice building, good acoustics!

After that I spoke a little…making a bridge between Charles Eisenstein’s recent presentation (Approx. 25% of the audience were listening to him in the same building some weeks ago) and Thomas. I also asked the audience to raise their hands if they needed translation of some expressions (happened just 2 or three times…once at the very first picture).

Thomas presented a power point show with very well selected pictures. He spoke about them and…it is good to be able to read at the same time (Microphone is necessary). He spoke for approximately one hour, and people were very interested and kept him busy for another ½ hour, until I closed the session (it was late). The questions were very accurate and in depth. People came up to me afterwards and thanked for a very interesting evening. Afterwards Yoshi and Jackie had an evening meal and chat at our place. And today we pack for Lindsberg! So, we are very pleased!

At a summer gathering at an intentional community in Lindsberg I lead two workshops on successive days, each one beginning with a slide presentation. These were titled, Building Resilient Communities: A New Paradigm for Community Development, and The Global Financial Meltdown: Its Causes, and Opportunities for Localized Restructuring. The participants in each of these sessions were few in number but enthusiastic.

As it happened, I was in Sweden at the right time to participate in the Almedalen Week on the island of Gotland. This has become an annual event that brings together a wide variety of business people, politicians, academics, grassroots activists and ordinary folks. You can learn more about this remarkable event at http://www.almedalsveckan.info/.

I had no official role in the Almedalen proceedings, but was able to attend a few of the 2,000+ organized sessions and got to shake hands and chat a bit with the U.S. Ambassador to Sweden, Mark Brzezinski (son of Zbigniew Brzezinski who was National Security Adviser to President Jimmy Carter).

I finished up my Sweden tour in Stockholm, where I was hosted by an American friend who has been living there for several years with his Swedish wife and young son. In Stockholm I got to meet some of the main figures in the JAK Bank, a unique financial institution that since 1970 has been providing interest-free loans. They together with a few other groups organized an event for me which attracted a sizeable crowd, where I repeated the presentation I gave in Gothenborg.

My photos from Sweden can be found at Sweden 1, and Sweden 2.

England (July 8 – July 20)

I may at times complain about it, but I love Britain, and this time I had the opportunity to be in the Lake District at a time when the weather was simply superb (“the first real summer we’ve had in seven years,” the locals told me).

The focal point of my visit was a full day workshop (July 12), Unlocking Local Wealth, held at Cumbria University in Lancaster, an event organized by the Institute for Leadership and Sustainability (IFLAS) of the University of Cumbria Business School, in association with the New Economics Foundation, the United Nations Non-Governmental Liaison Service, and Impact International. The event was billed as “a one day workshop with world experts on alternative currencies and exchange systems.”

That workshop was preceded the day before by a gathering in which most of the same “world experts” came together to “clarify an action research agenda, explore ideas for collaboration, begin grant mapping,” and provide “feedback on one key new initiative (Eurocat).” Then, that evening, there was a public event titled, Starting Your Own Currency: Why and How? sponsored by (IFLAS ) in association with Lancaster’s Ethical Small Traders Association. This event featured a keynote presentation by John Rogers followed by my response and a general discussion.

Here are the links to videos that were recorded during that event:

Jem Bendell introduces the keynote

Keynote by John Rogers, co-author of People Money

Keynote response by  Tom Greco, author of The End of Money and the Future of Civilization

Along with a few other colleagues, I had the pleasure of enjoying a few more days of discussions and Jem’s hospitality at his home overlooking Lake Windermere.

My England photos are here:

I’ll report the final portion of my tour (Greece (July 20 – August 21)) in the next edition of my newsletter

Bangla-Pesa Charges Dropped

I reported earlier that one our close associates, Will Ruddick, along with several of the local currency activist there in Kenya had been arrested and their Bangla-Pesa currency project shut down. I’m happy to report that finally, the charges against them have been dropped. You can read about it here. (A very interesting earlier account that describes their ordeal can be found here.

This is great news, not only because the threat of punishment has been removed, but because this important development project may again have a chance to improve the lot of poor micro-entrepreneurs in Kenya and to demonstrate the power of the local credit clearing model in alleviating poverty. The Bangla-Pesa project is the most significant complementary currency project that I am aware of and has the potential to become THE model for other communities to follow. It deserves strongest support.

[Update. This just in from Will: We won! The official court order to release us was just released last week and can be seen here: http://koru.or.ke/Bangla-Pesa-Dream-Nov Not only have we been acquitted but we’ve been given a relaunch date of November 23rd to restart the program

Will adds, We’ve also created this 3 minute cartoon to explain how these programs form an effective barrier against poverty and market stagnation: http://www.youtube.com/watch?v=UaspBGmsdLE Please share widely.

The community is really excited and ready to move forward.]

The Geo-political Struggle

Alvin Toffler observed more than 30 years ago that the power of nation states was in decline and predicted that the trend would continue. It is clear that national governments are ceding sovereignty, not to global democratic institutions, but to transnational corporate entities resulting in a New (fascist) World Order that bypass all the checks on power that have been built into democratic governments over the past three centuries. George Monbiot’s recent article, Elite Insurgency, articulates some current features of that shift.

And Karen Hudes has revealed that World Bank corruption is an inherent element in the global Elite takeover. After Twenty one years at the World Bank, she has blown the lid off the cover-up of the corrupt global financial regime. Watch this interview with Karen: http://youtu.be/M4VGoXV5vYg . A longer interview in four part can be seen here.

These are a few pertinent quotes from her interviews:

“This is a massive cover-up; this makes Watergate look like tidally-winks.”

“Big boys who think they own the world.”

“We don’t have a democracy here.”

 “The Federal Reserve has “gamed” the capital markets.”

“This whole country is so corrupt, you can’t begin to imagine. I can’t tell this to the people because the press is owned by those thugs”

“Stakeholder analysis” identifies a “super entity” of ownership and control.

All of that is very troubling, but we have a choice—to  build our own (democratic) new world order from the bottom up, community-by-community. PowerShiftWe cannot be complacent; we must reduce our dependence upon corporate controlled mega-systems, especially banks, and secure the availability of the necessities of life within our local regions.

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Newsletter – October 2013

In this issue

  • Changes
  • European tour reportPart 1, the Hague Conference

It’s been quite a while since my last newsletter went out in early June. Since then, a great deal has been accomplished. My European tour, which spanned nine weeks from mid-June to the latter part of August, was successful, productive, exciting, and I might add, exhausting. I’ll say more about that below, but most recently, I provided a remote presentation (via Skype) to a group assembled at Kalikalos on Mt Pelion in Greece as part of the week-long workshop titled Occupy Money. Then, toward the end of September, I participated in the 34th Annual International Convention of the International Reciprocal Trade Association (IRTA) in Las Vegas where I shared the podium with Annette Riggs and Rob van Hilten in a panel session about Understanding Diverse Exchange System Models: From Bitcoin and Berkshares, to Transparent Credit Clearing Networks. Unfortunately, that session was not recorded, but the slides that I prepared as talking points can be seen here. Needless to say it was not possible to cover them all in the short time provided.

Upon my return to Arizona from Europe I had to begin searching for another residence, since the house where I had been renting a room is no longer available. I’ve just moved into another shared housing arrangement which I hope will turn out to be suitable, at least temporarily.

This uprooting, combined with the let-down that followed the summer’s excitement, has caused me to deeply ponder the questions, What’s next? and Where do I want to be? While my energy level is not what it once was, I still enjoy relatively good health and am able to adapt to different environments so long as they provide a reasonable level of comfort for living and working. I’m growing impatient to hear opportunity’s knock, still hoping to involve myself in a breakthrough project that is adequately funded, with an able and energetic team that can achieve results that are on a par with the best business start-ups.

European Tour Report—Part 1, June, 2013

The first 4 weeks of my tour were a whirlwind of presentations, workshops, interviews and discussions. I’ll skip the details and report only the highlights, starting with the Hague conference, then report on the rest of the tour in my next newsletter.

The Netherlands and 2nd International Conference on Complementary Currency Systems (CCS)

It was a great pleasure to again visit (for the third time) STRO in Utrecht and to discuss with Henk van Arkel and the STRO team our various projects and common interests. STRO, with projects in several countries, is one of the most effective organizations working in the area of sustainable economics, community empowerment, and exchange alternatives. Together with Time/bank The Hague, they sponsored my first tour presentation (on June 18) for practitioners and social entrepreneurs. My slide show was titled The Exchange Revolution: Taking complementary currencies and moneyless trading to a new level, which described the various issues that must be considered in creating and managing alternative exchange mechanisms.

The CCS Conference in Den Hague far exceeded my original high expectations. I’m very encouraged and inspired by the quality of the presentations and discussion sessions that occurred during the entire 5 days of the conference. It seems that the movement has reached a new high level of competence and increasing cohesion, and seems poised to achieve significant results in both the theory and practice of community empowerment through the creation of systems for providing local liquidity. That, of course, is a prerequisite to transcending the growth imperative and transitioning to a steady-state economy. I expect that progress will be very rapid from this point onward.

Presentations, documents, and interviews from the Academic portion (June 19 and 20) of the Conference are available toward the bottom of this link. You will find what I think is a pretty good interview with me here, and brief video interviews of 27 presenters from Day 3 (policy makers day) can be found on the YouTube channel of Qoin. More video recordings by Hagen Schmidt of some of the sessions are to be found at this link.

As usual, I took many photos to document my travels and events. The pictures of the Netherlands portion of the tour can be found at this link.

Practitioner Sessions

Among the practitioner sessions that I participated in during the final two days of the conference were the following.

* Intertrading. One of the two discussion groups I proposed in the “open space” was about networking credit clearing exchanges together and development of the necessary intertrading protocols. We had quite a lively and productive discussion, which has become an ongoing process since Sebastiano Scrofina set up a Google group for that purpose. If you want to view the posts or join the discussion, go to this link.

* Measures of value and Units of account. Another session I lead was about measures of value and units of account. This also resulted in a lively discussion. Thanks to Zsuzsanna Szalay, we have a voice recording made with a digital recorder. You can download the file from this link.

* Business Models for Complementary Currencies. Daniel Neis provided input for a session on business models. Pertinent links are provided in his post to a Google group which he has started for discussion on that topic. You can read it, and join the conversation by going to this link.

As a side note, it always amazes me to see how effectively the DutchIMG_2753 deal with personal transportation. Besides having a very efficient network of trains, trams, and buses, their use of bicycles exceeds that of any other people I’ve visited, even urban Chinese. They make bike travel safe and convenient by providing many bike “roads” that keep bike traffic IMG_2754physically separated from motor vehicle traffic, and by providing huge amounts of space for bike parking at train stations and other locations.

I hope you are all enjoying the cooler Fall weather.

Thomas

A few words of gratitude +

ScreenIndiegogo June3We’re on our way! Thanks to you our crowdfunding campaign has exceeded our goal. We are now assured that we will have sufficient funds to carry out our planned work in Europe this summer. Altogether, the tour will span 9 weeks from mid-June to mid-August. The first half is pretty solidly booked with multiple events in the Netherlands, Sweden, the UK and Greece; the second half is a bit more flexible with some room for spontaneous developments.

As you know, the debt crisis continues to worsen. Austerity for Greece is still in the news, and depositors with funds in Cyprus banks have been forced to take a “haircut.” Don’t be surprised if bank deposits in other countries get raided in like manner by their respective governments.

While the spotlight is presently on Europe, this crisis is global and bound to worsen. Virtually every country of the world has a central bank, and those in the developed world at least, work together. Every one of them is set up to allow their respective governments to deficit spend, and banks to lend our own credit back to us at interest. They will monetize the debt to whatever extent is necessary to keep the game going. The exponential growth of debt is inherent in the way money is created. It must stop somehow, sometime. All efforts to keep it going are futile in the long-run.

Currency inflation and cuts to social programs are the paths that bankers and policy makers have chosen, but that will do no more than delay the inevitable, and in the process create more pain for the masses. Either we create new methods for exchange and finance, or we descend into chaotic collapse and widespread civil unrest.

Let us hope that this year will see the widespread emergence of decentralized, community-based, credit-clearing networks. That’s what my mission is all about, and that’s our the best approach to making a peaceful transition to a steady-state economy and sustainable way of life.

Again, my sincere thanks for your help in supporting this important work!

Thomas

Update: Crowdfunding and 2013 Summer tour

Great news! Summer is almost upon us and I’m excitedly making preparations to begin my European tour. With  two full days to go in our Crowdfunding campaign, we’ve successfully raised our target amount of $4,000! Thank you to everyone who’s helped make that happen!  It really is so wonderful to have your support. Thank you!

Of course, we don’t want anyone to feel left out! You can still help out by donating here at our Indiegogo site: http://igg.me/at/tomstour/. Funds raised above the original target will be used to redesign and update our websites and upgrade our email service, greatly improving our service to you. You all have my deepest gratitude for your generosity!

Here’s an update on my agenda

I’ve been invited to give a number of presentations and workshops. Starting in the Netherlands, I will be making a presentation hosted by STRO on the evening of June 18 (19:00 – 21:30) in the Hague. That presentation, intended for practitioners and social entrepreneurs, will describe the various issues that must be considered in creating and managing alternative exchange mechanisms. Both Time/bank The Hague and STRO will also give short presentations. The location is “Quartair” in the Hague, close to the CCS conference centre. In this building Time/bank also will host an exposition during the CCS conference.

The 2nd International Conference on Complementary Currency Systems (CCS), which is also in the Hague, begins the following day and runs until the 24th of June. My conference presentation (on June 20) is titled, Reinventing Money: How Complementary Currencies and Mutual Credit Clearing Can Create a Sustainable, Regenerative Economy. I’m also slated to be a panelist for two other sessions on June 21. One of these will address the topic of The Future of Community Currencies, and the other, Control of new types of e-money by financial regulators. Conference details and registration information can be found here.

Following the Hague conference, I will travel to Sweden for a stay of almost two weeks during which time I will give presentations and meet with community currency people in Gottenborg, Lindsberg, Gotland, and Stockholm.

From Sweden, I will travel to England to present at an all day workshop in Lancaster, Unlocking Local Wealth, an event organized by the Institute for Leadership and Sustainability (IFLAS) of the University of Cumbria Business School, in association with the New Economics Foundation and the United Nations Non-Governmental Liaison Service, with the support of Impact International. You can find the program for that event here.

I expect to remain in the UK for a week or more then travel on to Greece for an extended stay in Volos, Crete, and Athens. Visits to other places are also possible and I’m expecting important opportunities to develop spontaneously, as they invariably do. I’m scheduled to return to the U.S. on August 21.

Thanks again for your interest and support! Once again, here’s the link where you can invest in my ability to serve you all better moving forward: http://igg.me/at/tomstour/

Thomas

TG_meme_3.2

Milestones in Moneyless Exchange

TG_meme_2_sm

I often compare the evolution of exchange alternatives to the development of aviation. Just as many early attempts to fly were clumsy and poorly informed by good science, so too have been many early attempts to create private and community currencies. But much has been learned over the past three decades, and conditions are ripe for major advances in our ability to rise above antiquated and dysfunctional means of  payment. My role is to guide the design and implementation of community based currencies and trade exchanges that enable general prosperity and a stable and sustainable economy.

During my upcoming tour of Europe I will be speaking about the power of community currencies and mutual credit, and consulting with communities on doing good things where they are.

With still two weeks to go, our Crowdfunding campaign is now more than halfway toward our goal. Thanks for your support, and please help spread the word. Our campaign site is http://igg.me/at/tomstour/x/31801.

Spring Update

Dear friends,

It’s high time for us to reclaim the credit commons and I need your help.

I will be traveling to Europe this suTG_meme_2mmer to push forward the movement toward complementary currencies and moneyless exchange, and to preach the “gospel” of decentralized credit-clearing networks.

So far, I’m slated for speaking engagements, workshops, and consultations in the Netherlands, Sweden, the UK and Greece. There may be room to add other stops to the tour so if you want to organize an event, contact me and we’ll see what fits!

Right now however, I need YOUR help to cover the lodging and travel costs. Please help spread the word about my Crowdfunding campaign to your networks! Share this image meme and the campaign link: http://igg.me/at/tomstour/.

We have thus far received $1207 from 21 very generous donors. My sincerest thanks to everyone who’s pitched in already and to those who help me achieve this goal by pledging and sharing!

Thomas

P.S. In case you missed my Spring, 2013 Newsletter, you can find it here.

Complementary currency conference shaping up to be a landmark event

The Conference on Complementary Currency Systems that will be held 19-23 June in The Hague, Netherlands, is shaping up to be a significant landmark in the development of currencies and exchange processes. It will bring together practitioners and theoreticians from all over the world. The following message that came in recently from Edgar Kampers, one of the organizers, highlights the program for just one of the five days. Anyone involved in, or having a serious interest in this field, will probably want to be there.

Are you eager to learn about the future of currencies? Or are you keener to know how complementary currencies can support the local economy and build communities? Are you intrigued by digital currencies like Bitcoin, Freicoin and Ripple?

Then join the 2nd International Conference on Complementary Currency Systems on Friday 21st of June. It will bring a fresh perspective on local currencies like the Brixton Pound, Bristol Pound, Chiemgauer, Berkshares and the Calgary Dollars! It will explore several amazing time banks and time credits systems like Spice, Fureai Kippu and De Makkie!

The conference will be held in The Hague, The Netherlands and will bring together world-leading experts including Bernard Lietaer, Thomas Greco, Jem Bendell, Bart Jan Krouwel, Shann Turnbull and Tony Greenham.
Step into the world of complementary currencies, join the conference!

Join today at http://www.iss.nl/forms/ccs_conference_governement/
Or learn more at qoin.org/conference_english/
Twitter @CcsConference13, #CCSconf13
Prezi http://bit.ly/12qzePu

Spring Newsletter–Crowdfunding our work

2013 – Spring  Newsletter

In this issue:

Crowdfunding my 2013 Summer tour

Articles and Projects

  • New chapter with Prof. Jem Bendell is now published and online.
  • My new article in IJCCR.

Recent events & Presentations

  • Money & Life.
  • DEBTx prsentation

Crowdfunding my 2013 Summer tour

I’m pleased to announce that I’ve been invited to the EU and UK for a multi-stop tour on the power of currency for people and communities. My itinerary is still evolving but so far I am slated for presentations, workshops and consultations in the Netherlands, Sweden, England, and Greece. I will be hosted for a few days by STRO (Social Trade Organization, then attend the 2nd International Conference on Complementary Currency Systems in the Hague, where I will make a presentation titled Reinventing Money: How Complementary Currencies and Mutual Credit Clearing Can Create a Sustainable, Regenerative Economy, and sit on two panels: The Future of Currencies, and another which will consider the legal and regulatory aspects of complementary currencies.

As you’ve probably noticed, travel is becoming increasingly expensive. The CCS organizers will be providing a travel allowance, but it will not be enough to cover even my trans-Atlantic flight, much less living expenses and travel to other stops on my tour. That is why I have launched a Crowdfunding campaign on Indiegogo to help cover the costs of this tour. I need $4,000 to make it to all the places on the tour and cover the costs of food and lodging. I hope you’ll help me make that goal by going here: http://igg.me/at/tomstour/x/31801 and chipping in whatever you can. Please also help me get the word out and share the link with your networks! Thank you!

This is an investment in a sustainable future and, as Swami Beyondananda says:  “It’s time to shift our karma out of reverse and get our assets in gear.”

As a quick reminder, on my previous tour last October I gave a total of 15 presentations and workshops to various groups in three different countries. If you’d like a review, you can read my brief report of that tour on this site, here.  Your help with this Indiegogo campaign will make all the difference in building on that success and extending this good work to other communities in need! Here’s that link again: http://igg.me/at/tomstour/x/31801. Thanks in advance for your support in getting me to all these exciting engagements and spreading the word about the campaign!

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Articles and Projects

Following our participation last October in the International Sustainability Summit at the European Sustainability Academy in Crete, Prof. Jem Bendell and I decided to collaborate on certain projects. One of these was to co-author a chapter for a new book, The Necessary Transition: The Journey towards the Sustainable Enterprise Economy, edited by Malcolm McIntosh. Our chapter titled, Currencies of transition: Transforming money to unleash sustainability, is now online and can be downloaded here. This chapter elaborates on topics I covered in the anthology, The Wealth of the Commons, which I announced previously. You can find that chapter on this site, here.

My newest article, Taking Moneyless Exchange to Scale: Measuring and Maintaining the Health of a Credit Clearing System, has just been published in the International Journal of Community Currency Research (IJCCR). Go here to download it. This article provides some very important guidance for operators and organizers of credit clearing systems like LETS and commercial trade exchanges. Please take the time to give it your attention.

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Recent events & Presentations

In March, Katie Teague’s documentary film, Money & Life, in which I make an appearance, premiered in Tucson at the historic Fox Theater. That event also included short presentations by myself and Bernard Lietaer (with Jacqui Dunne). The mayor of Tucson, Jonathan Rothschild, was on hand to introduce us.

In April, I gave a presentation at the DEBTx conference that was held at the University of Michigan Law School. My presentation titled, Debt, Interest, and the Growth Imperative, was delivered remotely from Tucson via Skype, which worked very well. I’m told that the presentations were recorded and will soon be posted to the web, but I don’t yet have the link. It may appear at http://www.law.umich.edu/multimedia/Pages/default.aspx.

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Finally, I’d like to remind you that if you sign up to follow me on Twitter or Facebook, you’ll be notified every time I add a post to this site (which isn’t that often, so you won’t be overwhelmed). And please check out our campaign on Indiegogo. Your support will be greatly appreciated and all donations are tax-deductible through NEST, Inc.

Wishing you a pleasant Springtime,

Thomas

How does mutual credit clearing enable moneyless exchange?

Here’s and excellent, short and sweet description of how mutual credit clearing works to provide interest-free liquidity. From Bartercard New Zealand…

October Newsletter and Fall tour itinerary: Europe & UK

In this edition

Fall Tour Itinerary – Europe and the UK

The Wealth of the Commons now in print.

Recent posts

  • QE3
  • Riegel essays:
    • Right-wing Socialists
    • Breaking the English Tradition

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Fall Tour

My fall tour agenda has filled out nicely and includes an exciting assortment of presentations, workshops, and consultations.

On October 1, I will begin a five week tour that will take me to Switzerland, Greece, and the UK.

Here is a chronological list of events. If you wish to participate in any of them, please go to the indicated website or get in touch with appropriate contact person.

3-6 October. Geneva. Presentations and conferences with Community Forge. “CommunityForge is a non-profit association that designs, develops and provides complementary currency systems and tools.” (Use the “Contact” button on the website to connect with Tim Anderson). This stop will probably include a presentation at the UN Palais des Nations, Human Rights Social Forum, on October 3. My topic will be “Strategies for community empowerment and the creation of economic democracy.”

7-14 October. Crete, Greece.

On October 10 and 11, I will be a presenter at the International Sustainability Summit, to be held at the European Sustainability Academy (Sharon Jackson, Director ).

The segment on Strategic shifts in prevailing systems includes a 2 day workshop that will focus specifically upon Community Exchange Systems and Alternative currency systems for Sustainable Communities. On October 10, I will give a presentation on The Emerging Butterfly Society: Making the shift to a steady-state economy and a world that works for all. Details and registration materials can be found at: http://www.eurosustainability.org/en/esa_summit4.htm

15 October to approximately 21 October. Mainland Greece

During this time period, I will be traveling to Thessaloniki, Volos, and Athens. Specifics are still developing.

25 October. York, UK

I will be speaking at the York LETS Conference on the topic, “Why local exchanges and currencies fail to thrive, and what is required to take alternative exchange to scale.” Booking at, http://yorkaltcurrencies-efbevent.eventbrite.co.uk/ . Info at Facebook.

October 27-28. London. Events on Money and Alternative Currencies are being planned by Mary Fee of LETSlinkUK, http://www.letslinkuk.net/. Details will be posted here when available.

30 October. Ambleside (Lake District). Cumbria University, Presentation, Beyond Money, Banks, and the Left-Right Divide.

31 October. I will be delivering a free public lecture, A New Approach to Community Economic Development at Cumbria University in Lancaster, UK.

1 November. I will conduct a workshop titled, Complementary Exchange Systems: Design, Organization, and Implementation, at The University of Cumbria in Lancaster( Room AXB003) from 2pm to 5pm.

Details of both events at: http://www.localwealth.co.uk/tom-greco/

Register for either at http://www.localwealth.co.uk/booking-for-tom-greco-events-in-lancaster/ .

I will return to the U.S. from London on November 5.

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The Wealth of the Commons

Following my participation in the Commons Conference in Berlin two years ago, I was asked to contribute a chapter to an anthology titled, The Wealth of the Commons: A world beyond market & state. This book is a “new collection of 73 essays that describe the enormous potential of the commons in conceptualizing and building a better future.” At long last, the English edition has now been published and can be ordered from Leveller’s Press,

I think the chapter I wrote for this book is one of the most succinct and information-rich essays I’ve ever written, so I’ve posted it here on this site at Reclaiming the Credit Commons.

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QE ad infinitum (QE3)

“Quantitative Easing,” commonly referred to as “QE,” is a euphemistic expression for currency inflation, i.e., the creation of money on the basis of junk securities and empty promises. On September 14, Ben Bernanke announced that the FED would continue to inflate the dollar on an ongoing basis for “as long as it takes.” A week earlier, European Central Bank president Mario Draghi announced a similar plan to save the Euro by buying the bonds of euro-zone governments, notably Spain and Italy. “There will be no “ex ante limits on the size” of the purchases, said Draghi.” He sugar-coated the bitter pill by saying, “governments that want the ECB to buy its bonds must agree to a program of reforms and oversight by the bailout funds and possibly the International Monetary Fund.” We know what that means for the ordinary person. Two of my recent posts address these announcements (https://beyondmoney.net/2012/09/20/qe-ad-infinatum/, and https://beyondmoney.net/2012/09/21/et-tu-ecb-inflating-the-euro/).

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Recent posts

In recent weeks, I’ve been re-reading some of E. C. Riegel’s essays. I’ll be posting the more important ones from time to time. Here is one that, although written more than 60 years ago, seems especially timely: The Right-wing Socialists.

Another important Riegel essay is, Breaking the English Tradition, which years ago I embedded, with my comments in a post to my other website Reinventingmoney.com. That post titled, The Politics of Money, can be download at here.

Hoping to see some of you along the way,

Thomas