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.


Politics in a full world

We can no longer afford to imagine that we live in an empty world in which …

Cake, Anyone?

For people of wealth and conscience, impact investing offers a compelling …

How Impact Investing is Saving Nicaragua's Coffee Industry

About half of coffee producers—mostly family farmers—live below …

A Financial Transaction Tax (FTT) for Ireland

A Financial Transaction Tax levies a (small to miniscule) percentage tax on …

Hottest Year Ever Recorded + Collapsing Oil Prices = Broken Fossil Fuel Economy

Two overlapping news stories in the past few weeks must focus our attention …

Minimum Wage or Commoning?

In such a context, the minimum wage – which is supposed to create a …

The Commons is the Future

In their book The Economic Order & Religion (1945), Frank H. Knight and …