The Great Transition
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The Great Transition
Policy news & blueprints for the transition to a new Sustainable and Social Economy
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Why peak oil threatens the International Monetary System

"The current incarnation of the International Monetary System, in which the USA enjoys the exorbitant privilege of borrowing practically for free, and is therefore able to pursue reckless fiscal policy with immunity from the adverse consequences that non-reserve currency issuing nations would experience by doing so, cannot continue indefinitely."

Willy De Backer's insight:

Must-read article on the impacts of peak oil on the global financial system.

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What is the Chicago Plan and can it save the global economy?

What is the Chicago Plan and can it save the global economy? | The Great Transition | Scoop.it
An IMF study has proposed a 1930s plan that would magic away government debt and end 'boom and bust' for good...

 

Why does this IMF paper not get more media attention? Because it would increase the power of government and tame the banks?

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In Spain, financial crisis feeds expansion of a parallel, euro-free economy

In Spain, financial crisis feeds expansion of a parallel, euro-free economy | The Great Transition | Scoop.it
At a time when the future of the currency is in doubt and millions are unemployed or underemployed, an alternative, euro-free economy is springing up in Spain and elsewhere.

 

The Washington Post has this interesting article on how people in the Eurocrisis countries are finding ways to defeat the austerity attacks of their governments.

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Making Money for Business: Currencies, Profit, and Long-Term Thinking

Making Money for Business: Currencies, Profit, and Long-Term Thinking | The Great Transition | Scoop.it

Belgian banking and currency expert Bernard Lietaer and community developer Gwendolyn Hallsmith present some of their stimulating ideas on how to re-engineer our monetary systems for the sustainability revolution.

 

A bit technical and out-of-the-box but the kind of innovative thinking that we will ultimately need. Much more realistic than the mumbo-jumbo presented by EU leaders as the "historical" solution for Europe.

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It’s the interest, stupid! Why bankers rule the world

It’s the interest, stupid! Why bankers rule the world | The Great Transition | Scoop.it
In the 2012 edition of Occupy Money released last week, Professor Margrit Kennedy writes that a stunning 35% to 40% of everything we buy goes to interest.

 

The case for a public banking systems which re-invest its profits in prosperity instead of high bonuses.

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Future money - James Robertson

Future money - James Robertson | The Great Transition | Scoop.it

"... we have to make the money system work in ways that will motivate everyone to "enable and conserve", so that we and other living species survive. Understanding the need to design our money system to achieve that purpose amounts to a "Copernican revolution"

 

Good interview in Eurozine with one of the grandfather's of alternative economics, James Robertson, on the need for radical currency reform. His book "Future Money" should be mandatory bed-time reading for Mr Draghi.

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New book: Creating Sustainable Societies by John Boik

New book: Creating Sustainable Societies by John Boik | The Great Transition | Scoop.it

"Creating Sustainable Societies: The Rebirth of Democracy and Local Economies first pinpoints the central problems within our financial, economic, and governance systems that have lead to high unemployment, massive debt, environmental degradation, mistrust of Congress and big business, and hyper-inequities of wealth and political power. The book then proposes a practical, bold blueprint for addressing these concerns and creating meaningful change."

 

Change from the bottom up, new local currency systems and direct democracy are the keywords in this new blueprint for a sustainable transition.

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