An interview produced by Alain Ambrosi, at the Economics and the Commons Conference which took place in Berlin from 22 to 24 May 2013.
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Peer2Politics
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on peer-to-peer dynamics in politics, the economy and organizations
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jean lievens
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"once you have a company generating local energy, you have an asset that you can use to back up a local currency. The problem with many local currencies such as LETS is that they can’t be exchanged for things in shops, and are not much use to business. Lietaer said you have to start with the idea that the currency can be used by business, and then also by the community. A currency backed by energy achieves this. Then people can part pay their bills in the local money, which would liberate the workpower needed to start to implement localisation in other areas such as land use and community development. The currency would be of use to everyone, not just to people who want an aromatherapy massage, as can sometimes be the problem with LETS. It can be either a printed currency or an electronic one. The company could give favourable loans to business start-ups that are driving forward the Energy Descent Action Plan." (http://transitionculture.org/?p=198) 
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The Man Who Lives Without Money | The Collective Intelligence
Tannah Gravelis's curator insight,
August 20, 2014 7:21 AM
a great article that looks at the other side of collective intelligence (collective stupidity) that has been created by our global society that is experiencing unprecedented levels of information accessibility and material possession ownership. I chose this article for the fact that it looks at the flip side of the coin, the side that we on the consumer end are often too removed from the process to understand the impact that our consumption has in a truly global sense. As such, i find this article to be an interesting view into the flip side of our global collective intelligence - global collective ignorance.
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Most of the Western world’s financial and commercial activity occurs within what we’ve come to call the Industrial Growth Economy. This economy has been around since the start of the industrial age roughly a couple of centuries ago. It requires exponential (and ultimately unsustainable) growth in production and consumption of goods and services to survive. It also requires the use of ‘fiat currency’ (state-issued notes, deemed by the state to have value) for all transactions.
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In this interview for my new movie, Charles Eisenstein talks about our true longing and he explains how our money system works and why it leads to separation...
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"How is the present monetary system affecting the economy and thereby society and nature, and why is it failing? I will outline the interconnected malfunctions of the globally prevailing monetary system in ten points.
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The Man Who Lives Without Money | The Collective Intelligence
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The Occupy Card is an innovative, pre-paid debit card available to anyone. And anyone who uses it becomes a member of the coop.
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Islamic finance has been a significant global force for the past few decades, but in recent years sharia-compliant saving and investing have become more common in the United States. For example, in June, Goldman Sachs provided a loan to Arcapita Bank, an Islamic investment company, that in compliance with sharia law did not charge interest. In July, a US-based trade association, the World Council of Credit Unions, published a manual explaining to would-be community financiers in developing countries how to operate sharia-compliant credit unions.
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One issue here is the rise of the reputation economy, another convertible currency which is, and has always been, the key to the access to resources and cash. The digital world is a new way of managing, growing and harvesting the value of your reputation. A good and valid point, but the digitalization also increase the risk of destroy a reputation as well. This is a huge challenge to manage as well…
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Christian Siefkes denies that money and markets are “more or less neutral tools which can be used for non-capitalist purposes,” arguing that since money and markets were never the primary means of organizing production in a non-capitalist society, money “cannot become the dominant social form outside of capitalism.”
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The trailer for On The Money - a film about money, value and trust in the Networked Society.
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"Our money system is not what we have been led to believe. The creation of money has been "privatized," or taken over by a private money cartel. Except for coins, all of our money is now created as loans advanced by private banking institutions -- including the private Federal Reserve. Banks create the principal but not the interest to service their loans. To find the interest, new loans must continually be taken out, expanding the money supply, inflating prices -- and robbing you of the value of your money. Web of Debt unravels the deception and presents a crystal clear picture of the financial abyss towards which we are heading. Then it explores a workable alternative, one that was tested in colonial America and is grounded in the best of American economic thought, including the writings of Benjamin Franklin, Thomas Jefferson and Abraham Lincoln. If you care about financial security, your own or the nation's, you should read this book." (http://astore.amazon.com/crealm/detail/0979560810)
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Economic Calculation in a Natural Law / Resource-based Economy, Peter Joseph, The Zeitgeist Movement, Berlin Germany
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"The term “econophysics” was introduced by analogy with similar terms, such as astrophysics, geophysics, and biophysics, which describe applications of physics to different fields. Particularly important is the parallel with biophysics, which studies living creatures, which still obey the laws of physics. It should be emphasized that econophysics does not literally apply the laws of physics, such as Newton’s laws or quantum mechanics, to humans, but rather uses mathematical methods developed in statistical physics to study statistical properties of complex economic systems consisting of a large number of humans. So, it may be considered as a branch of applied theory of probabilities. However, statistical physics is distinctly different from mathematical statistics in its focus, methods, and results.
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Bitcoin's rapid rise in value and profile has spawned over 60 different 'altcoin' digital peer-to-peer currencies
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New Single Currency For a New World Order , it can work it has already been tested but USA wont let us use new currency or else!; Bernard Lietaer
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Lars Schall meets Bernard Lietaer: In this exclusive video interview, the internationally renowned currency expert Lietaer, who has worked in many different functions in the world of money, advocates an upgrade of our monetary paradigm as a systemic solution to our global financial crisis. The monopoly of a single currency in favor of the banking system must be eradicated. Diversity must substitute monoculture.
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Technology companies are creating virtual currencies outside the classic monetary system. What are the Intellectual Property aspects?
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Clay Shirky is one of the most revered and respected thinkers on the impact of the web on culture and media. He’s also a very vocal critic of micropayments—one-time payments for individual pieces of web content. Why? Because consumers don’t like them, he says. “Small payment systems don’t survive contact with online markets because we express our hatred of small payments by switching to alternatives,” he reiterated in a much-cited 2009 blogpost. “Such systems solve no problem the user has, and offer no service we want.”
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Silver is the instrument and measure of commerce in all the civilized and trading parts of the world. It is the instrument of commerce by its intrinsic value. The intrinsic value of silver considered as money, is that estimate which common consent has placed on it, whereby it is made equivalent to all other things, and consequently is the universal barter or exchange, which men give and receive for other things they would purchase or part with for valuable consideration: and thus, as the Wise Man tells us, Money answers all things.
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Over the past few years, while the economic downturn endures and budget cuts prevail, we have witnessed the emergence and rise of alternative payment systems and revenue models in digital media. Online bartering sites, a plethora of crowdfunding platforms, new forms of valuation, e-wallets and crypto-currencies like Bitcoin, are but a few examples. These coincide with the huge growth of mobile money transfer services across Asia and Africa and the general convergence of digital and financial industries. Is this where a healthy economic future lies? Do these economic ventures testify to a paradigm shift from a market-based economy towards a network economy? What are the possibilities, pitfalls and issues at hand? Will these experiments gain wider ‘over the counter’ usage, effectively becoming mainstream? Beyond Hayekian notions of ‘currency competition’, what theories and concepts can help us engage with these developments?
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