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banking4humanity
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Banking for a worldwide renaissance of human civilization
Banking for a worldwide renaissance of human civilization

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The economic powerhouse that is the city of Shanzhai, in China, encapsulates a way of working that's fast, open and based on the sharing of resources and knowledge. The concept of intellectual property doesn't have the same implications in China as we think of it in the west.

This short video documentary reveals two interesting considerations in economics; (1) theoretical, regarding the main sectors of the economy, and (2) practical, regarding the implementation if special economic zones to restart the real economy (as distinct from the unreal economy of rentier-finance).
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True monetary gold is the creativity and resourcefulness of the human mind

The purpose of gold (and other apex commodity reserves of central banks), is to assert ownership over the credit allocation function. In such a system, whoever owns or controls the ultimate monetary commodity, controls human productive capacity, and can direct it towards their own ends, and expropriate the value created by others through manufacturing claims against their output, on the basis of interest-bearing loans, which link back to the ultimate “inalienable possession”[8] function of monetary gold.

Whoever owns/controls the monetary gold stored in central bank vaults possess the ultimate despotic power over humanity.
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Money: a social contract or an “invisible hand” of inverted totalitarianism?

A working paper to be presented at the online conference organised by the World Economics Association, 15th May – 15th July, 2016.
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Archaeologists and historians have long argued that the idea that money was created to overcome barter is a myth. That there never was any pre-monetary barter society. "In fact, our standard account of monetary history is precisely backwards. We did not begin with barter, discover money, and then eventually develop credit systems. It happened precisely the other way around.". Graeber, D. (2011) Debt: The First 5000 Years. Melville House. Chapter Two, “The Myth of Barter”, p. 40
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On 21 February, starts a free on-line course at Masters-level, which will enable you to understand the past, present and future role of money in society. The course lasts 4 weeks. I have done the course myself and highly recommend it.
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In his latest article: "Monetary solutions for a Europe in crisis", Michel Laloux, a French-Swiss economist well surmerises the untenability of the Syriza government in its negotiations with the IMF-ECB-EU Troika:

"The financial sphere is problematic because we need it. We do not know how to make do without it. If we try to go against it, to take measures which thwart it, it [finance] says, "Okay, go ahead! But capital will flee. You will not get any more capital. And when you will ask for some capital, it will return, but at a higher rate, and with conditions that are more difficult to meet". This unchanging discourse is always sufficient to rein in any head of government.".

Fortunately, Michel Laloux also proposes what we can do in face of the extortive mirage of capital flight, in terms of establishing of a self-financing monetary system, based on sovereign subsidiarity without Grexit, which enables international trade, without dependency on bondholders, central bank liquidity, commercial bank reserves or foreign investors.
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We are the wealth, not money

Early this year I was one of 100 people who completed an amazing free on-line course at Masters-level, "Money and Society - the past, present and future role of money in society"; which was designed by Professor Jem Bendell PhD (Director of IFLAS) and Matthew Slater BD (Community Forge), with additional tutoring by Leander Bindewald MA (IFLAS and NEF).

I am pleased to announce that the 2nd cohort of this MOOC starts 23rd August 2015 and lasts a month. I highly recommend it.
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The collapse of the TPP treason and end of financial idolatry

The Trans-Pacific Partnership (TPP) as well as the Transatlantic Trade and Investment Partnership (TTIP), plus the Trade in Services Agreement (TiSA), together with the unconstitutional fast-track authority, the TPA, are ACTS OF TREASON against the sovereignty of all Peoples comprising the nations of the world. This treachery by participating politicians and bureaucrats, would impose regulations upon the national legislatures and local governments of the countries they supposedly serve, as if those countries had been defeated in a war.

There are manifestations that the Peoples of the world, are organising themselves, through Civil Society movements, as a transformational cultural force, which can cut through the Gideon knot of endemic mutual corruption between the domains of governance and finance. The possibility is that Civil Society will establish a self-financing system for human development, based on re-appropriation of the credit commons, to allocate interest-free credit for real economic production. This will take the form of a new International Monetary System as a Civil Society (Third Sector) public service.
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What is needed is a new paradigm of financial capital that will transform banking and democracy. As Max Planck, the German theoretical physicist who originated quantum theory said: "When you change the way you look at things, the things you look at change".
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When the poor and the dispossessed complain about inequality, it’s only to be expected. But when part of the top 1 per cent of the top 1 per cent complain about it, it is truly time to worry -- and preferably to act.
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