Tag Archives: Greco

E. C. Riegel and Private Enterprise Money

Announcing,  The Monetary Wisdom of E. C. Riegel: An annotated précis of Private Enterprise Money, with commentary compiled by Thomas H. Greco, Jr.

I have long credited E. C. Riegel as the foremost authority in shaping my understanding of money and the process of reciprocal PEMexchange. His penetrating insights and proposals for a new independent system for the exchange of value have provided a solid foundation for my own work of developing improved exchange mechanisms that I consider to be crucial to the future of civilization.

Riegel’s book, Private Enterprise Money, published in 1944, is perhaps the most complete and concise statement of his insights and proposals. For that reason I have undertaken the task to extract what I consider to be Riegel’s most important insights, interpret for the contemporary reader the passages that seem difficult to understand, and articulate the few points on which I disagree with Riegel. With that said, I urge every serious student of money and exchange to read Riegel’s book, Private Enterprise Money, in its entirety, as well as Riegel’s other works which are available to be freely downloaded from my website, BeyondMoney.net.  

Living the New Economy. Thomas H. Greco to speak at October conference

Living the New Economy is a major event slated for Oakland, California October 23-26.

LNE Oakland is designed to be different from any event you’ve attended before. Drawing inspiration from hackathons, conferences, networking events, festivals, and jams, the result is a unique event that has components of each. More than a conference, this is a convergence.

The first two days will be provide opportunities for you to “hear about thriving New Economy projects, identify gaps and opportunities, and find out how you can plug into the New Economy on a personal level.” During the second two days the New Economy principles will be explored and “participants will collaborate in teams to develop a business idea, program, art project, or anything that supports the transition to a New Economy.”

I am one of several speakers who will be presenting at the conference. Program and other details can be found at the conference website.

Get tickets NOW to receive substantial early bird discounts available until August 15. Register and get tickets here.

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The End of Money book one of top 15 “most shareable” of 2009

My latest book, The End of  Money and the Future of Civilization has been rated one of the top 15 SHAREABLE books of 2009. It shares this list with some very good company. Have a look. “Shareable is a nonprofit online magazine that tells the story of sharing.”  The guys who run it have some pretty impressive credentials.

Economics of Peace video now available

During the Economics of Peace conference last October I gave a presentation titled, The Economics of Peace Justice and Sustainability. The video of that presentation is now available in three parts for viewing online at: http://vimeo.com/channels/theeconomicsofpeace/page:4. In the near future, I plan to add to this blog the slide graphics that accompanied my presentation.

Thomas Greco’s Video Interview with Daniel Pinchbeck

Here are some segments of an interview I had with Daniel Pinchbeck during the Economics of Peace Conference in Sonoma, California in October of 2009. This interview was recorded by Haig Varjabedian

You can watch the entire interview in four parts on Vimeo.

Daniel Pinchbeck is an author and the  founder of  RealitySandwich.com, a website forum regarding experiences and initiatives surrounding the evolution of consciousness.

I also did an interview with Regina Meredith of Conscious Media Network.

Activity Report and Upcoming Tour

I’ve been extremely busy of late doing radio interviews by telephone, preparing upcoming presentations, keeping up with correspondence, and adding content to my blogs. As I get these interviews and presentations processed and edited, they will be added here. See the sidebar under My Audio-visual presentations.

I’ll soon be on the move again doing presentations and visits in various parts of North America. Here’s a partial list of my still evolving itinerary.

Featured presentation. Sustainable Tucson, August 12, Tucson, AZ. http://www.sustainabletucson.org/

Keynote presentation. Pennsylvania Renewable Energy and Sustainable Living Festival on Sept 18-20, 2009 in Kempton, PA. The festival is hosted by the Mid-Atlantic Renewable Energy Association (MAREA). http://www.paenergyfest.com/general.shtml

Featured speaker. The International Reciprocal Trade Association (IRTA), October 1-3, Dallas, TX. http://www.irta.com/

Featured speaker. The Economics of Peace conference, October 18-23, Sonoma, CA. http://economicsofpeace.net;  http://www.praxispeace.org

Presenter. In the lecture series titled Reinventing the World––Redefining Wealth, Rethinking Economics, Reforming Health Care & Rebuilding Community. October 27, San Francisco State University, San Francisco, CA.

Keynote presentation at The Conference on Michigan’s Future Energy, Economy & Environment, Crystal Mountain Resort, Thompsonville, Michigan, Friday, Nov. 13 – Sunday, Nov. 15, 2009. http://futuremichigan.org/index.htm

New Dimensions Radio Interview

Before leaving California in May, I journeyed to Ukiah where I spent a couple hours being interviewed by Michael and Justine Toms for their nationally syndicated New Dimensions radio program. (See description below). That program is scheduled to air during the week of September 23-29, 2009 (their broadcast week begins on a Wednesday).

A shorter (11 minute) interview that we did, entitled “Toward a Credit Commons,” is available now and can listened to or downloaded at New Dimensions Café. Go to http://www.newdimensions.org and on the left-hand side click on New Dimensions Café Listen Now!  If you would like to subscribe to the New Dimensions Café podcast which features many of the guests that appear on New Dimensions, it is available for a free subscription on the home page as well.

The one-hour “flagship” New Dimensions radio program, “Investing in the Bank of You and Me” (Program 3308) will be airing the week beginning Wednesday, September 23-29. You can hear it streaming on the New Dimensions website that week for free. You can also hear it on a radio station close to you during that week. Go to “Listening Options” in their website for a list of stations that carry “New Dimensions.” It will also be available to download for a small charge. This interview, as well as over 850 others, is part of their wonderful archive. New Dimensions is working in partnership with Stanford University Library to digitize their entire archive of over 8000 hours of deep dialogues with hundreds of the most innovative movers and shakers on the planet.  More hours are added to the archive every week.


Our financial system is in disarray. In 2008 and 2009 banks and investment companies have collapsed faster than taxpayers can dish out money to prop them up. At the same time the United States economy is being depleted as rapidly as the rainforest, and our global credit is looking as dingy as our once pristine rivers. But Thomas Greco has a solution. With his fresh perspective on money, credit, and…well…civilization, he believes we can save our economy and our planet by reconstructing our financial system—and find ourselves happier and healthier in the bargain. By reclaiming control over our money and credit, so that neighbors rather than banks are at the center of our transactions, we can restore balance to every aspect of our lives. Mr. Greco tells us, “We’re facing a mega-crisis that includes several things converging at the same time. We’ve got peak oil, we’ve got climate change, we’ve got resource depletion, we’ve got pollution. Our institutions are failing us—they fail to educate, they fail to provide health care adequately to everyone. And so we have to take a hard look at what we’ve been doing and look at new ways of doing things. We’re about to embark on an existence that’s quite different from the past, a new steady-state economy. I see it as a more peaceful, more pleasant life for everybody. Hopefully we’ll see an end to war. We’ll see an end to starvation. We’ll see an end to deprivation of the essentials that we all need, and an opportunity to realize our full potential.”

Among the topics to be covered:

  • Why the global political money and banking regime is extremely dysfunctional
  • How our monetary system contributes to the depletion of the earth’s resources
  • How community based initiatives are available to reclaim the “credit commons,” empower people, and enhance the health of local communities
  • Why local, grassroots currencies have failed—and how we can help them thrive
  • How you can get credit without going to a bank

Recent Articles

I recently wrote a couple articles that were published in the web journal, Alternet. Both are linked from my blog, beyondmoney.net. The first is titled, How Bad Will the Economy Get? It begins with the claim that:

Historically, every financial and economic crisis has been used to further centralize power and concentrate wealth. This one is no different, and in fact the moves being promoted by the Obama administration and the central banks of the Western powers will take the whole world to the pinnacle of financial despotism — unless enough people wake up and claim their own “money power.”

It continues with an outline of recent and historical developments that make the case, but concludes on a hopeful note with my brief description of existing cashless exchange mechanisms that are not dependent upon political money or banks. You can read the complete article here.

The second, titled, The End of Money: Take Power Back From the Money and Banking Monopoly, begins:

The dysfunctional nature of the dominant global system of money and banking has for a long time been apparent to anyone who has cared to look at it. Now, in light of the present financial meltdown, it has become painfully obvious to virtually everyone. What most people have failed to recognize is that, regardless of the nominal form of their government, their political power has been neutralized and exhausted by the privatization and misallocation of credit money.

The political money and banking system disempowers communities and enables a small elite to use the present centralized control mechanisms to their own advantage and purpose. It misallocates credit, making it both scarce and expensive for the productive private sector while enabling central governments to circumvent, by deficit spending, the natural limits imposed by its above-board revenue streams. Read more..

That article also explains how the “Greenback solution” being proposed by many monetary reformers, fails to address the fundamentally undemocratic nature of centralized control of money.

Be sure also to view the important imbedded videos on this site featuring Peter Schiff, Matt Taibi, and Congressman Alan Grayson.

This is a time of transition that requires us to inform ourselves and to take responsibility for our own health, education, and wellbeing, not in isolation but in communities of cooperation, sharing, and mutual support.  –t.h.g.