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.


Food Stamps Are Worth Double at These Michigan Farmers Markets—Helping Families and Local Businesses

A program that helps low-income families and local farmers.

A Field Guide to Negative Progress

In an age of contraction and decline—or, shall we say, negative …

Greece’s Yanis Varoufakis: The Medicine of Austerity Is Not Working, We Need a New Treatment

With the debt clock ticking, Greece is fast running out of money

Raising Minimum Wage: We’re in This Together

On Wednesday, food workers and other low-wage earners around the country …

Obama’s Trade Agreements are a Gift to Corporations

On Thursday, legislation moved forward that would give President Obama …

Getting from Here to There

Business-as-usual is sure to deliver us a future that is both unsustainable …

Spain's CIC Tries to Build a New Economy from the Ground Up

The Catalan Integral Cooperative (CIC, pronounced “seek”) is …