Articles

Please also watch the two speakers before him to fully understand what he is talking about: http://altcoopsys.org/2016/10/03/financial-reform-for-a-sustainable-economy-globalutmaning-speakers-bernard-lietaer-michael-kumhof/

They had implemented at least half of the Bretton-Woods money-reform proposals.

The Bretton Woods system after the 2008 crisis

In the wake of the Global financial crisis of 2008, policymakers and others have called for a new international monetary system that some of them also dub Bretton Woods II. On the other side, this crisis has revived the debate about Bretton Woods II.[Notes 5]

On 26 September 2008, French President Nicolas Sarkozy said, “we must rethink the financial system from scratch, as at Bretton Woods.”[44]

On 24–25 September 2009 US President Obama hosted the G20 in Pittsburgh. A realignment of currency exchange rates was proposed. This meeting’s policy outcome could be known as the Pittsburgh Agreement of 2009, where deficit nations may devalue their currencies and surplus nations may revalue theirs upward.

In March 2010, Prime Minister Papandreou of Greece wrote an op-ed in the International Herald Tribune, in which he said, “Democratic governments worldwide must establish a new global financial architecture, as bold in its own way as Bretton Woods, as bold as the creation of the European Community and European Monetary Union. And we need it fast.” In interviews coinciding with his meeting with President Obama, he indicated that Obama would raise the issue of new regulations for the international financial markets at the next G20 meetings in June and November 2010.

Over the course of the crisis, the IMF progressively relaxed its stance on “free-market” principles such as its guidance against using capital controls. In 2011, the IMF’s managing director Dominique Strauss-Kahn stated that boosting employment and equity “must be placed at the heart” of the IMF’s policy agenda.[45] The World Bank indicated a switch towards greater emphases on job creation.[46][47]

However, Deutsche Bank’s Sanjeev Sanyal has argued that the insistence on global balance is fundamentally flawed and that sustained economic growth has always relied on symbiotic imbalances. This means that the world will eventually have to accept a return to new period of imbalance that he calls Bretton Woods III.[42]

https://en.wikipedia.org/wiki/Bretton_Woods_system

“Financial reform for a sustainable economy”: Part 3 Bernard Lietae: “Effiency is not everything” or: HOW BAD MUST THE CRISIS GET BEFORE YOU CHANGE YOUR WAY OF BELIEVE.

More Solutions:

first of all: do you know what gives the current fiat-money it’s value? because people WORK for it. If NOBODY would work for DOLLAR or EURO it’s value would be ZERO. Money should be created by everybody – when needed – NO DEBTS! NO MORE!

inbalance-in-our-financial-network-monoculture-is-accident-waiting-to-happen

excess-resilience-excess-efficiency

Bernard Lietaer is definately right – but the problem is the same for the IT-guy telling his boss that:

  1. he should not throw away the old-analog-telephone because if there is a power-outage… no phone, except the old analogue phone on an analogue land-line will work (because it get’s it’s power from the central-telefone-station… not from a 110-220v plug)
  2. he needs to spend 3000€/USD on a box that protects his business network from threats from outside.
  3. he needs to spend another 3000€/USD on improving the backup-system.

… well guess what his boss will say: “WELL… IT WORKED UNTIL NOW… SO WHY SHOULD IT FAIL LATER?” 😀 Ignorance is NOT BLISS – it is stupid – but it saves money in the short term.

 

“Financial reform for a sustainable economy”: Part 2: Michael Kumhof

“Financial reform for a sustainable economy” : Part 4 Pavan Sukhdev or: Why India was not really affected by the 2007/2008 Suprime-Crisis

They had implemented at least half of the Bretton-Woods money-reform proposals.

The Bretton Woods system after the 2008 crisis

In the wake of the Global financial crisis of 2008, policymakers and others have called for a new international monetary system that some of them also dub Bretton Woods II. On the other side, this crisis has revived the debate about Bretton Woods II.[Notes 5]

On 26 September 2008, French President Nicolas Sarkozy said, “we must rethink the financial system from scratch, as at Bretton Woods.”[44]

On 24–25 September 2009 US President Obama hosted the G20 in Pittsburgh. A realignment of currency exchange rates was proposed. This meeting’s policy outcome could be known as the Pittsburgh Agreement of 2009, where deficit nations may devalue their currencies and surplus nations may revalue theirs upward.

In March 2010, Prime Minister Papandreou of Greece wrote an op-ed in the International Herald Tribune, in which he said, “Democratic governments worldwide must establish a new global financial architecture, as bold in its own way as Bretton Woods, as bold as the creation of the European Community and European Monetary Union. And we need it fast.” In interviews coinciding with his meeting with President Obama, he indicated that Obama would raise the issue of new regulations for the international financial markets at the next G20 meetings in June and November 2010.

Over the course of the crisis, the IMF progressively relaxed its stance on “free-market” principles such as its guidance against using capital controls. In 2011, the IMF’s managing director Dominique Strauss-Kahn stated that boosting employment and equity “must be placed at the heart” of the IMF’s policy agenda.[45] The World Bank indicated a switch towards greater emphases on job creation.[46][47]

However, Deutsche Bank’s Sanjeev Sanyal has argued that the insistence on global balance is fundamentally flawed and that sustained economic growth has always relied on symbiotic imbalances. This means that the world will eventually have to accept a return to new period of imbalance that he calls Bretton Woods III.[42]

https://en.wikipedia.org/wiki/Bretton_Woods_system

As Paul Hawken (The Next Economy (Ballantine 1983)) succinctly put it in his memorable address to Portland University’s graduate class in May of 2009,

civilization needs a new operating system” and fast.

And Central Banks and Governments should support the efforts of innovation in that field – you know what happened in the 1930s and afterwards WW2 with 61 Million people dead. ww2

paul_hawkenWhy?

Because many of the socio-economic rules under which we operate were created under a worldview that failed to recognize that the earth is a living system and that every form of life has its unique and valuable place and purpose in sustaining the larger web of life. (Submitted by blietaer on September 3, 2010 – 1:38 am)

Lietar is advocating a “Monetary Ecosystems” (multiple currencies not only country-wise but also purpose wise) instead of a “Monetary Monoculture” which would bring about more stability.

“The structural issue is the lack of diversity – there needs to be an optimal balance between resilience and efficiency prof-lietaer-tedx-berlin-30-11-2009_9-balance-in-natural-networks-slide-sustainability-two-factors-efficiency-resiliance– conditions of stability of complex flow network (like human body – blood circulatory system)”

monopoly = monoculture like in agriculture is more efficient but it is very fragile/instable, like a airplane with one motor – if the motor breaks you are screwed.

With agriculture: Monoculture is not sustainable – you will need to use a lot of chemicals (fertilizers and pesticides).

We have lost the way. Greed has poisoned mens souls - we are destroying the earth - but it is very profitable

“i have never met anybody who owns a monopoly – who did not try to keep it.”

monopoly(Central Banks/OPEC/Energy/Food/Land/Water)

Source: http://www.lietaer.com/2010/09/callofourtimes/

http://www.lietaer.com/

PS: ONLY IN ECUADOR – IT IS POSSIBLE – TO GET A BANK-ACCOUNT DIRECTLY@THE CENTRAL BANK OF ECUADOR – AS A PRIVATE CITIZEN.

We should do ANYTHING TO AVOID A NEW AGE OF BARBARIANISM:

einsatzgruppen-brutal-germans-nazi-death-squads-ww2-003

declare-variables-not-war-execute-programs-not-peoplebrutal-germans-ww2-nazi-killing-squads-eisantzgruppen-004ww2_