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“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

http://economyofhours.com/

economyofhours-com_screenshotWill it fly? 🙂

What it is

Echo is an Economy of Hours: a marketplace without the money. Our members buy and sell their skills, services and resources, using a currency called Echoes. The exchange rate couldn’t be easier: 1 hour = 1 Echo.

Who it’s for

Anyone and everyone. Echo brings together local people and local organisations – including businesses, charities, councils and leisure centres – to create a community-wide economy of hours where the more you put in, the more you get back.

We specialise in helping organisations from small start-ups to sizeable corporates unlock dormant resources to trade, ensuring we can offer a wealth of skills and services to meet our members’ diverse needs.

Established Businesses

Echo helps you access professional services without the outlay, from financial planning to marketing strategy.

Charities, start-ups and sole traders

Echo helps you increase your capacity as and when you need to, whether it’s admin staff and desk space, or building an online presence.

Local people

Echo helps you get more out of your community, from childcare and help around the home, to training opportunities and cinema tickets.

And that’s not all. Echo’s experts can help big business create more meaningful CSR packages that maximise the benefit to both company and community, and help charities initiate schemes to recruit, retain and reward volunteers. Just click here to find out more.

Who we are

Echo is a community interest company, supported by the London Legacy Development Corporation, Nesta and Friends Provident Foundation.

reinvent-money-flyer-29-9-16

https://www.facebook.com/events/1656436781338513/


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http://facebook.com/reinventmoney

Among the speakers will be:

Brett Scott – Financial Activist

brettscott2https://plus.google.com/+BrettScott

https://suitpossum.blogspot.de/

My book
“An imaginative, even exuberant exploration of the daunting world of finance” Bill McKibben

arnoud_boothttp://www.arnoudboot.nl/

Arnoud Boot is professor of Corporate Finance and Financial Markets at the University of Amsterdam and co-director of the Amsterdam Center for Law & Economics (ACLE). He also directs the Amsterdam Center for Corporate Finance (ACCF), a think tank that seeks to stimulate the dialogue between academics and practitioners.

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Michael Kumhof, Bank of England

“Inequality, Leverage and Crises” (with R. Ranciere), American Economic Review, 105(3), March 2015, 1217-1245.

http://michaelkumhof.weebly.com/