Transcript Peter Challen

MONETARY REFORM
INITIATIVES BEING TAKEN.
APRIL 2006
23 slides
1
A PINCER MOVEMENT
It is important to work from top and
bottom
1. Alternatives Currencies are burgeoning
around the world
2. Monetary Reform is catching the minds
of more
2
ALTERNATIVE
CURRENCIES
Mary Fee
There is constant development in the
realm of alternative currencies which
is
so important in educative examples of
interest free systems and retention of
local money flows
3
MONEY FUSE
TO SOCIETAL DISASTERS
Sabine McNeill, FSC and Environmental
Law Fdn
Contraction and Convergence is only likely
to work if we take account of Sovereignty
and Seiniorage
4
INSTITUTIONAL FORCES
Sabine McNeill
‘privately created money’ means Parliament needs saving
now: www.saveparliament.org.uk/
financial dictatorship taking over political democracy
“I’m alright, Jack” isn’t sufficient when self-regulating banks control
us financially, and the state inverts the public/private
relationship.
Two current antidotes.www.barter-software.com set up for the
Diamond Network
and. Life Without Debt to practise solidarity by ‘networking with
money’
On the political and economic level, write to your MP
1. about our EDM 390 on publicly-created money and
2. on the ‘Legislative and Regulatory Reform Bill’ regarding
parliament.
5
THE MODERN UNIVERSAL
PARADIGM
Rodney Shakespeare, Tarek El Diwany
An important teaching text on a viable
monetary proposal for inclusive
structural justice tested before the
Islamic Foundation( UK) and at Harvard
(US) yesterday - this is a sequel to Seven
Steps to Justice..
6
ASSET-BASED FINANCE
Chris Cook
Open Capital is the concept of partnership
finance through the sharing of risk and
reward.
Significant advances are being made on
Asset-Based (v. Debt-based) partnerships
in the England, Scotland at
parliamentary, Iran and Norway
7
THE MONEY REFORM
PARTY
Anne Belsey's bold lead
The Money Reform Party is a current
experiment in local consciousness raising
8
THE NETWORK PROJECT
bringing together people who are building
the new paradigm.
Rosamund Stock
From the LSE base this network is growing
Holds Saturday meetings at LSE
Complexity - X Non-Linear – Processes - X
Positive – Feedback - Networks –
Emergence - Interdependence
9
SEMANTICS of MONEY
Issac Stamper
Key Principles: Meaning of ‘money’
depends on who creates and destroys it;
and how it functions.
Conflating officially money and bank debt
introduces semantic confusion, made
worse by equating money with wealth:
unattended, material wealth shrinks while
financial wealth expands.
Practical Results: Methods for designing
organizations and legislation – e.g. money
systems – and software to generate IT
applications automatically: easy and
10
reliable innovation.
SOLAROOF.ORG
Richard Nelson
Utilising sun, sea energy and plant growth
with bubble technology, international
experiments are developing algae as a
bio-centric source of food, fuel and living
conditions
11
SIMULTANEOUS POLICY
John Bunzl and SimpolUK
* SIMPOL is gathering a lot of momentum
and one of its most emphatic emphases is
Monetary Justice
12
TAX JUSTICE NETWORK
Richard Murphy, Prem Sikka,
and John Christensen
The Tax Justice Network with an All Party
Comm. at work on it.
13
THE AMERICAN
MONETARY INSTITUTE
Stephen Zarlenga, Elizabeth Kucinch
The American Monetary Institute has just
put out for discussion a draft American
Monetary Act
14
AMERICAN
HOMESTEADING ACT
CESJ – Norm Kurland
* The American Homesteading Act has
important features meriting
consideration
15
TRANSFINANCIAL
ECONOMICS
And others to be further explained, as
hinted at in these references –
TransFinancial Economics – Robert
Searle
Functional Finance – John Gelles
16
MONEY BEHIND CLIMATE
CHANGE
Colin Challen MP and Aubrey Meyer
Another theme urgently needing emphasis
and subject to research is the underlying
relationship of the monetary system to
the climate dangers looming large in the
public imagination.
17
CORPORATE LAW
Corporate Law and the inadequacy of the
vast Bill presently struggling through
Parliament.
18
PROPERTY AND ASSETS
Property - for People not for profit Duchrow and Hinklelammert
Property is not to be held beyond that point
at which it contributes to common good
A thesis that the WCC was asked to study
19
OTHERS
VitaMoney - Malaysia - Guernsey – NZ’s
Democrats for Social Credit - Penrose
MP. – Solomon Islands – Philippines –
Ray Sheath – Pat Harrison – Philip Snow
– Bromsgrove – Masudul Choudhury –
Bruce Nixon – CapitalMissions.com - E
& D Kucinich – Islamic Fdn for Ecology
and Environment – Islamic Fdn for
Finance
20
RELATED FIELDS
Allies in related fields,
where money reform is understood to be an
underlying frustration to all progress towards
inclusive justice.
Land Valuation Tax – Dave Wetzel
Corporate Law Property Rights – Ulrich Duchrow
Climate Change – Aubrey Meyer
etc.
21
FUNDAMENTAL REQUIREMENTS
OF A MODERN ECONOMY :








a concept of overall vision, understanding and
distinctiveness ─ the unity concept
free markets
private property
economic efficiency
social and economic justice
no inflation
no riba/interest
a direct connection between money supply &
the real economy
an ethical ethos
22
FREE MARKET’ FINANCE
CAPITALISM IS DEFICIENT
In most requirements, even though many of them are
extolled in ‘free market’ rhetoric.
There can be no true integration of Global Finance into
the mainstream unless the requirements are properly
accommodated,
by developing a supply of publicly created money i.e.,
central bank-issued interest-free loans for various
forms of productive capacity,
administered by the banking system on private
property, wide ownership and market principles.
The productive capacity would be at half present cost
& be counter-inflationary.
23