2. Money

direct mini-link to this page >> http://bit.ly/AboutMoney

We can re-design money - in fact this the most important re-design we need to engage in.

Here is a whole chapter on a very large topic: here you will find chapters on the various types of currency in existence as well as articles about design issues related to currencies.

*** under construction ***

see pdf attached below  about the subject in general, a very good Money Literacy 101 page
& also here on the web

http://www.complementarycurrency.org is a great resource on the subject

Positive Money

Vídeo de YouTube

The Money Fix

Vídeo de YouTube


AUSTRALIANS FOR COAL. What is your investment dollar doing?

Vídeo de YouTube

Creating Our Own Money: Examples

Money 3.0?

Money 1.0 is when our money was physical
In the form of precious objects

Money 2.0 is centrally issued credit issued by central and Private banks
(the money we have now)

Money 3.0 is… 

Evolution NOT Revolution 
Complementary NOT Alternative 
Cooperation NOT Competition 
Business CREATES THE Wealth 
Community IS THE Currency 

Money is a relationship
(Chris Cooks label)

1. Trade Exchange B2B*-  mutual credit Business 2 Business, unit = trade credits/dollars
2. Corporate Barter B2B*- central credit Issuing, unit = trade credits/dollars 
3. Corporate Trade Exchange B2B*- hybrid  Corporate/ Trade Exchange, unit = trade credits/dollars 
4. Loyalty Exchange B2C*- hybrid Trade Exchange business 2 citizen ,  unit = points
5. Air miles rewards  - propriety, coalition operated by airlines unit = air miles 
6. Loyalty programmes  - propriety, coalition consumer rewards, unit = points       
7. Time bank  - social exchange, unit = hours
8. Time bank  - professional exchange, unit = hours
9. Local Exchange Trading  System C2C - mutual credit citizen 2 citizen, unit = credits
10. Local paper currency  - discount shopping, = paper currency/scrip
11. Local fiat currency  - paper and digital
12. Social media currency  -  Face Book, MySpace, Bebo, Twitter etc, unit =points
13. Games consoles currency  -  wii, Xbox, play station etc, unit =points
14. Gamer currency  - achievement points, unit = points  
15. Charity exchange  - community fund raising  = paper currency/scrip  
16. Media exchange  - discount shopping  = paper currency/scrip/points
17. Incentive exchange  - employee or citizen rewards program,  unit = points 
18. Digital coins  - encrypted files created by CPU power,  units = Bitcoin 
19. Metal based  - gold, silver and copper coins or digital, Liberty Dollar etc.

Plus many more..

In 2010 Finaccord*  researched sample of 115 coalition loyalty programs around the world between them possessed a total membership of around 974.7 million accounts
Break down in each sector:
 Airlines - 416.5 million
 Hospitality  - 189.2 million
 Non-specific  - 173.7 million
 Retail   - 104.3 million
 Banking  - 71.6 million
 Other   - 19.4 million

Assuming each member averages 1.5 programs, 649.8 million members. This is equivalent to around 14.4% of the world’s adult population using rewards as a Complementary Currency.

Money 3.0 is a wide spectrum of privately issued currencies such as:

Yet others have named 2.0 differently..

and 3.0 includes what these other people call version 2.0 
- which is limited to a set of mutual clearing systems:

MONEY 2.0 is a mutual credit concept specifically designed to replace the current money system (in which the power to issue money is a monopoly exercised by banks). In MONEY 2.0, anyone can issue money who is willing to exchange products or services.

MONEY 2.0 offers the following features:

Availability: MONEY 2.0 is automatically created through trades, therefore it is easily available where needed, and an economic crisis induced by the misallocation of money is impossible.

Stability: Since those who issue money are also required to sell an equal amount of goods and services, the amount of currency in MONEY 2.0 automatically keeps step with the value of available goods. This removes the prime reason for inflation.

Impartiality: Since the power to issue MONEY 2.0 rests with all market participants, MONEY 2.0 isn't vulnerable to the manipulations of a few.

Fairness: In MONEY 2.0, the power to issue money is relative to each participant's economic productivity. Since the availability of money does not depend on borrowing, the total amount of interest in the system is significantly reduced, and the likelihood, that money is accrued by those who require it as an exchange medium, is increased.

Independence: MONEY 2.0 does not in any way rely on the traditional financial sytem - therefore, it cannot be affected by a crash or "crisis" of traditional currencies.

Compatibility: MONEY 2.0 is open for exchange against other currencies (old and new).

Grassroots: MONEY 2.0 currencies can be launched and run by any person or institution, without cooperation or even permission of an existing institution or authority.

Scalability: The MONEY 2.0 concept can be used for any size currency - from family money (with only a handful of participants) to a large commercial market involving millions of traders.

Transparency: The software for running MONEY 2.0 is open source, and all relevant system data - including the costs of administrating the currency - are public. Unlike the traditional money system, there are no hidden costs.

Unite & Conquer!

"Community Currencies are about changing the rules"
Here Stephanie Rearick (Time For the World promoter & TimeBanking activist) gives a rallying cry...

Mutual Credit Systems

Mutual credit is a type of alternative currency in which the currency used in a transaction can be created at the time of the transaction. Typically this involves keeping track of each individual's credit or debit balance. Although the effect is like a loan, no interest is charged, and since mutual credit allows for trading and cancelling balances with others, debts can be paid off indirectly.   Read more in Wikipedia.

Complementary Currencies

Complementary currency (CC) is a currency meant to be used as a complement to another currency, typically a national currency. Complementary currency is sometimes referred to ascomplementary community currency (CCC) or as community currency. The term local currency, describing a complementary currency which is limited to a single locality, is sometimes used interchangeably with complementary currency. There are, however, some complementary currencies which are regional or global, such as the Community Exchange System, WIR and Friendly Favors, or the proposed global currency terra.   Read more in Wikipedia.

The Keiser Report

In the second half of the show (from min. 13), Max talks to David Hales about ending top down Central Bank imposed financial and economic systems with peer to peer economics.

KR on FB: http://www.facebook.com/KeiserReport

Max Keiser is an ex-stock broker turned financial activist.

Banks get ready for Virtual Cash

Leading financial institutions and experts are betting that virtual currencies such as those used in video games will become mainstream tender in the real world within three to five years.

>> Article in Financial Review  >> link

There's a dialogue related to this page in the Integral Permaculture FB group (click icon to go there)

There's a dialogue in our FB group about this subject (click icon to go there)


A very good library on the subject of 'Reinventing Money':

Digital Currencies

Learn About Digital Currencies

Bitcoin, Ripple, Litecoin, Peercoin, Darkcoin, NXT and Dogecoin are the most capitalized and widely used digital currencies in use today. What are digital currencies? Where do they come from? How are they issued, stored, circulated and valued? Are they the future of money?