Building a world of
resilient communities.

MAIN LIST

 

Essential Knowledge for Transition: Money and Banking System


The second in a 3-part series of teleseminars on economic transformation by Marco Vangelisti.

Money and Banking system

Currently, the money and banking systems are conflated (money is mostly created as debt by the banking system) and by their very design they demand continuous economic growth and an ever expanding level of debt (public and private). There is very little understanding in the general public about what money is, how it is created and how the banking system operates. Only a fundamental shift in the design of the monetary and banking systems will allow for a viable way of addressing increasing inequality, the mounting problem of public and private debt and make possible a shift towards a sustainable steady-state economy that works for everybody and is compatible with environmental stewardship.
 
Reference materials

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Find out more about Community Resilience. See our COMMUNITIES page
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.

 

This is a community site and the discussion is moderated. The rules in brief: no personal abuse and no climate denial. Complete Guidelines.


Progress Toward a True-Cost Economy Now Comes From Developments in Renewable Energy

A renewable energy revolution is sweeping the planet. This revolution has …

These Friends from High School Bought an Abandoned Factory. Now They're Distilling Artisanal Whiskeys

“If we can put this building back to work, we can put any building in …

Self-Help by the People: A Short History of Cooperatives in Britain, With a Foray into the United States

This is the story of 175 years of successful self-help, of an international …

Can an Olympics Fight Inequality?

As someone concerned about inequality, what would it take for you to support …

We Need New Economics for a New Era of History

We are entering a new era in which the current way we run our economy …

What does REconomy look like in ... Linlithgow, Scotland?

Alan Brown of Transition Linlithgow (TL) in Scotland participated in the …

It’s time for a new political and economic system – A conversation with Gar Alperovitz

Here’s our starting point: If you don’t like corporate …