This video is based on a presentation I gave at the Economics of Peace Conference in Sonoma, California in October, 2009. My prescriptions for reclaiming the credit commons and creating a new “butterfly economy” remain completely relevant, and their implementation is becoming ever more urgent.
In November of 2009, I gave a presentation at the conference on Michigan’s Future Energy, Economy & Environment, at Crystal Mountain Resort in Thompsonville, Michigan. More than 10 years later, this presentation is still timely.
Ken Freeman has recently augmented and adapted recordings of that presentation to produce this new video, titled, Exchange Revolution, which has now been posted on our Beyond Money Podcast site. It is a comprehensive description of the what and how of transcending the political fiat money regime, and building a new equitable system of value exchange.
As society grapples with the reality of
climate change, many believe that technology will somehow save the planet. As
this book argues, that is not enough: larger-scale collaboration, coordination,
and funding is needed. Individuals and groups, even with significant personal
resources, will not be able to reverse the present course of ecological
disaster. What our endangered planet needs is broadly supported community
action, which is what happens when people come together and organize for the
common good. What we need, in short, is political structures and actions. The
essays in this book examine the political structures that have led to our
present crisis and offer concrete lessons from the U.S., Japan, Brazil, and
Greece, that can, if heeded, bring us back from the brink and toward an
This book of essays emerged out of some of the presentations
that were given at a major conference, Seizing
an Alternative: Toward an Ecological Civilization. that was organized by Center
for Process Studies and held at Pomona College (CA) in June 2015 and attended
by more than 1500 people. It includes two of my own essays, Greece and the Global Debt Crisis, and How Private Currencies and Credit Clearing
Exchanges Can Help Save Civilization, as well as essays by John Cobb, Ellen
Brown, Gayle McLaughlin and several others.
The full list of contents and order form can be found here.
The book can also be ordered on Amazon.com
Broadly speaking, technology is the organization of knowledge, people, and things to accomplish specific practical objectives. It includes processes, practices, techniques and systems as well as things. So what are the disruptive technologies in money and finance? Or is that even the right question to be asking? Is it Bitcoin, Ethereum, and other so-called crypto-currencies? Is it the blockchain, “smart contracts,” “big data,” algorithms?
To find out, watch this 15 minute video, which was extracted and adapted from a longer recording of the presentation, I made to the International Institute of Advanced Islamic Studies, in Kuala Lumpur, Malaysia, on October 10, 2016. It describes how communities and businesses can escape the debt trap and become more resilient and self-reliant? New independent approaches to payment and reciprocal exchange are being deployed which are making conventional money obsolete.
This is a revolutionary approach to aid, one that empowers people to sustainably provide for their own needs. I strongly endorse this project and encourage all to make a financial contribution. Even small amounts can make a big difference. –t.h.g.
The International Reciprocal Exchange Association (IRTA), the premier association of the commercial “barter” industry, has been for more than forty years promoting the interests of small and medium sized enterprises by assisting its member trade exchanges to provide them with liquidity and effective opportunities for moneyless trading.
Since 2005, IRTA has been reaching out to the wider grassroots community of researchers, developers, and organizers of private currencies and complementary exchange mechanisms and has broadened its advocacy to include them.
The upcoming 34th Annual International Conventionof the IRTA in Las Vegas will provide a unique opportunity for social entrepreneurs and monetary activists to further consolidate programs of cooperation with the well-established commercial “barter” sector of the moneyless exchange movement. The Convention will be held from Sept. 19 thru 21 at the Venetian Resort in Las Vegas.
Along with IRTA President and experienced trade exchange operator Annette Riggs, and Rob van Hilten, Executive Director of QOIN, a consultancy for community currencies, I will be a panelist in a Saturday session (September 21) titled Understanding Diverse Exchange System Models: From Bitcoin and Berkshares, to Transparent Credit Clearing Networks. This session will consider three basic topics of discussion:
Bitcoin, the good, the bad, and the ugly.
The benefits and limitations of cash-based local currencies.
The emerging global exchange network.
There is still time to register for this important event. You can get details about the convention program and secure your place by visiting the IRTA website at http://www.irta.com/.
Audio recordings of other speakers at the conference will also soon be available and a bit later we will have the videos that go with the talks.
The written resource document that records the different models of currency brought forward at the conference will soon be available.
In this issue: Facts about Covid-19, a report from Swiss Policy Research Analysis of Crisis Management from the German Ministry of Interior Perspectives on the pandemic, one nurse speaks out Mass surveillance begins with kids: WIRED Magazine The injection fraud–it’s … Continue reading →
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 … Continue reading →
For the past four decades E. C. Riegel has been my primary source of insight and inspiration on the concepts and mechanisms of money and exchange. Writing mainly from the 1920s thru the 1940s, his is vision is acutely penetrating … Continue reading →
I receive a steady stream of requests for information and advice, which I’m not able to address as fully as I might like. For the most part, the answers that people seek have already been expressed in my various writings, … Continue reading →
Recent events have made it clear that there is no going “back to normal.” It seems to me that in this time of flux there are many possibilities, but I think they boil down to two fundamental choices. The world … Continue reading →
In this issue What could be nicer than this? Planet of the Humans The Need to GROW Trade Exchanges and Credit clearing are No Longer Experiments, They’re Mainstream Business There is so much going on these days, and so much … Continue reading →
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 … Continue reading →
This conversation, sponsored by the Praxis Peace Institute, is Episode 8 in our podcast series. It was recorded on April 10, 2020 and covers such critical questions as: What is the essence of money? What are the functions of money? … Continue reading →
My latest article, Riding the Populist Wave The Economics of Peace, Justice and Sustainability How can the next world war be averted? System change demands economic change–building the Open Credit Network Swami Beyondananda Switch: How to Change Things When Change Is … Continue reading →
This, my latest article, points out that capitalists now admit that the system is “rigged” in their favor; it argues that Trump and Sanders represent two edges of the populist wave that is now dominating U.S. politics, that a Sanders … Continue reading →