follow the money.... a "credit crisis" inevitably derives from the nature of the money in circulation
<ul><li>... lets define money as we know it -   </li></ul><ul><li>a legal tender, national currency : </li></ul><ul><li>Is...
tanked <ul><li>Money comes, money goes and </li></ul><ul><li>the level in my tank rises and falls. </li></ul><ul><li>  </l...
trickle down economics <ul><li>Think of the trickle down economy as a series of pools .  </li></ul><ul><li>Our pool sits b...
<ul><li>Whether you are an individual, a family, business, corporation or government, it is the same. </li></ul><ul><li>  ...
<ul><li>hustle  </li></ul><ul><li>We are running on our treadmills, trying to survive, because we have to. </li></ul><ul><...
gone <ul><li>we don't know where it's gone </li></ul><ul><li>we just know it's gone and not coming back </li></ul><ul><li>...
<ul><li>What if we were to have money that would go round and come back again?   </li></ul><ul><li>  </li></ul><ul><li>Mon...
value proposition <ul><li>  Consider two $20 bills </li></ul><ul><li>- one you know is never coming back.  </li></ul><ul><...
what’s in this for me? <ul><li>I’M BUSY!!!   I have enough trouble focusing my attention on getting regular money in this ...
patterns <ul><li>for all economic transactions -  </li></ul><ul><li>there's a transfer of a goods or services in one direc...
community way test case <ul><li>Community way currency is an approach to locally based fund-raising that can provide subst...
Businesses donate 1000 community way dollars per employee to community organizations and projects of their choice by openi...
Beneficiary community organizations accept the donations by opening cw$ accounts and spending the cw$ at participating bus...
People fund the projects they want to support by exchanging normal money (cdn$) for community way dollars (cw$) dollar for...
Some examples - groceries at 20%, retailers at 30-40% restaurants at 50%. People who have earned and/or bought cw$ spend t...
They get tax credits on donations and they collect taxes on the whole amount of the sale, just like normal money. Business...
Businesses support the community and build customer loyalty.  Groups and projects have more money to work with. People get...
<ul><li>    </li></ul><ul><li>Normal money gets harder to come by in an economic downturn </li></ul><ul><li>      </li></u...
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Openmoney Ftm2009

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This is a temporary early draft of the OpenMoney.org Follow the Money presentation.

Added concept and graphics - more to come

For the offical OpenMoney slides - Please go here

http://www.slideshare.net/mwlinton

Published in: Business, Economy & Finance
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  • This is a first draft. Adding graphics for the OpenMoney.org presentation - follow the money. Basically a proof to show graphics and concept.

    For the official OpenMoney Slides Please see

    http://www.slideshare.net/mwlinton
       Reply 
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  • Openmoney Ftm2009

    1. 1. follow the money.... a &quot;credit crisis&quot; inevitably derives from the nature of the money in circulation
    2. 2. <ul><li>... lets define money as we know it - </li></ul><ul><li>a legal tender, national currency : </li></ul><ul><li>Issued under these criteria – </li></ul><ul><li>money has value entirely independent of it's users. </li></ul><ul><li>users are not involved in the process of money valuation or credit creation </li></ul><ul><li>A dollar's a dollar, a yen's a yen - whatever your opinions. </li></ul><ul><li>In every sense, it's their money, that we get to use only if we can earn it or borrow it. </li></ul><ul><li>1 Considered valuable in itself, so it will be accepted anywhere,  </li></ul><ul><li>2 In limited supply, maintaining its value via scarcity </li></ul><ul><li>3  Issued by trusted authorities like central banks and governments </li></ul><ul><li>So, where does this leave us? </li></ul>
    3. 3. tanked <ul><li>Money comes, money goes and </li></ul><ul><li>the level in my tank rises and falls. </li></ul><ul><li>  </li></ul><ul><li>Sometimes it's high and I have choices, </li></ul><ul><li>sometimes low and I don't have so many. </li></ul><ul><li>  </li></ul><ul><li>And it's the same for all - individuals, </li></ul><ul><li>families, businesses, non-profits, </li></ul><ul><li>governments and communities  </li></ul><ul><li>  </li></ul><ul><li>We've all got our money in our tanks, </li></ul><ul><li>and it all comes from somewhere else. </li></ul><ul><li>  </li></ul><ul><li>We need the money for the stuff we need, </li></ul><ul><li>so when we get the money, </li></ul><ul><li>we spend the money. </li></ul><ul><li>Then the money's gone </li></ul><ul><li>and we need another injection. </li></ul><ul><li>  </li></ul><ul><li>It's a classic recipe for addiction.   </li></ul><ul><li>  </li></ul>
    4. 4. trickle down economics <ul><li>Think of the trickle down economy as a series of pools . </li></ul><ul><li>Our pool sits below a multitude of pools, some providing us with money. Below us there's a vast field of potential receivers.   </li></ul><ul><li>  </li></ul><ul><li>Of the millions of pools, we only connect with a few. </li></ul><ul><li>Does anyone think the money they spend somehow goes around and adds to their income? </li></ul><ul><li>Can we somehow spend ourselves into work? </li></ul><ul><li>Not a chance.   Do the math if you need to. </li></ul><ul><li>It is the same for everyone. </li></ul>
    5. 5. <ul><li>Whether you are an individual, a family, business, corporation or government, it is the same. </li></ul><ul><li>  </li></ul><ul><li>Each has their container </li></ul><ul><li>… and is getting from a whole bunch of others </li></ul><ul><li>… and is giving to a whole of others </li></ul><ul><li>NONE of us have significant control of the money flow.   </li></ul><ul><li>NO control worth having anyway. </li></ul><ul><li>  </li></ul>over the barrel
    6. 6. <ul><li>hustle </li></ul><ul><li>We are running on our treadmills, trying to survive, because we have to. </li></ul><ul><li>  </li></ul>There's no free lunch, you've got to have the money to do the deal, you've got to have the deal to make the life and when our money is spent it’s gone.
    7. 7. gone <ul><li>we don't know where it's gone </li></ul><ul><li>we just know it's gone and not coming back </li></ul><ul><li>  </li></ul><ul><li>even if we knew where, there's nothing we could do with that information and it doesn't remember us at all, much less owe us any loyalty or care. </li></ul><ul><li>But this is common knowledge, so obvious that nobody gives it a thought. </li></ul><ul><li>  </li></ul><ul><li>Of course that's what it does.  How else could money work?  </li></ul><ul><li>Is this news? </li></ul><ul><li>  </li></ul><ul><li>&quot;So it's always going away!  So what?&quot; </li></ul><ul><li>What if we had money that came back? </li></ul>
    8. 8. <ul><li>What if we were to have money that would go round and come back again?   </li></ul><ul><li>  </li></ul><ul><li>Money that will circle around when we spend it and come back to us in time </li></ul><ul><li>  </li></ul><ul><li>We don't know the patterns, and that doesn't matter - the money comes back </li></ul><ul><li>In small networks it comes back quickly, in large networks it's slower. It’s always coming back, always there for the earning </li></ul><ul><li>what's that worth? </li></ul>money go round
    9. 9. value proposition <ul><li>  Consider two $20 bills </li></ul><ul><li>- one you know is never coming back.  </li></ul><ul><li>- the other you know will come back </li></ul><ul><li>  </li></ul><ul><li>which are you going to spend first? </li></ul><ul><li>The difference between the dollar that goes and comes back </li></ul><ul><li>… . and the dollar that just goes away </li></ul><ul><li>Greshams Law from the 1960’s - &quot;bad money drives out good&quot;.  But Gresham was thinking of competing commodity currencies - having no idea of circulating network or community currencies. </li></ul>
    10. 10. what’s in this for me? <ul><li>I’M BUSY!!! I have enough trouble focusing my attention on getting regular money in this crazy mixed up world. </li></ul><ul><li>- What's in this for me? What’s my ROI? </li></ul><ul><li>- What is value of community currencies that come back? </li></ul><ul><li>- Is it even worth my time to explore this? </li></ul><ul><li>  </li></ul><ul><li>Generally speaking, using community money will result in a tangible change that is positive, persistent, and substantial.    </li></ul><ul><li>  </li></ul><ul><li>There will be a ”substantial” noticeable change with a 10% </li></ul><ul><li>increase in the local economy. </li></ul><ul><li>  </li></ul><ul><li>So lets aim for at least that. </li></ul><ul><li>  </li></ul>
    11. 11. patterns <ul><li>for all economic transactions - </li></ul><ul><li>there's a transfer of a goods or services in one direction </li></ul><ul><li>transferred from me to you, from you to him - at each juncture the money flows in the opposite direction - the two patterns are identical - they lay over each other - one would not happen without the other </li></ul><ul><li>  </li></ul><ul><li>every economic event, every exchange between an A and a B, has something &quot;real&quot; going one way, and something imaginary going the other.   </li></ul><ul><li>the pattern of an economy is determined by the patterns that money is inclined to follow </li></ul><ul><li>  </li></ul><ul><li>different money forms support different patterns of trading  </li></ul><ul><li>  </li></ul><ul><li>  </li></ul>
    12. 12. community way test case <ul><li>Community way currency is an approach to locally based fund-raising that can provide substantial long term support to many areas of need.  </li></ul><ul><li>  </li></ul><ul><li>Donations in community way $ connect three sectors of the local economy - community service organizations, businesses and the people. Each gains from the recirculation of the community way money, and nobody loses cash. </li></ul><ul><li>  </li></ul><ul><li>This program raises funds for community needs and ignites local and regional open money collaborations. </li></ul><ul><li>The Community Way currency system is well considered and verified under adverse economic conditions. </li></ul>
    13. 13. Businesses donate 1000 community way dollars per employee to community organizations and projects of their choice by opening a cw$ account. Community Way is a business loyalty program that is good for the community.
    14. 14. Beneficiary community organizations accept the donations by opening cw$ accounts and spending the cw$ at participating businesses. Topping up staff wages, rewarding volunteers and hiring more people.
    15. 15. People fund the projects they want to support by exchanging normal money (cdn$) for community way dollars (cw$) dollar for dollar.
    16. 16. Some examples - groceries at 20%, retailers at 30-40% restaurants at 50%. People who have earned and/or bought cw$ spend them at participating businesses at the published rates of acceptance.
    17. 17. They get tax credits on donations and they collect taxes on the whole amount of the sale, just like normal money. Businesses spend the cw$ with other participating businesses, pay staff bonuses, hire local contractors, and so on.
    18. 18. Businesses support the community and build customer loyalty. Groups and projects have more money to work with. People get to spend their money twice. The new business-backed money circulates within the community, creating common wealth
    19. 19. <ul><li>    </li></ul><ul><li>Normal money gets harder to come by in an economic downturn </li></ul><ul><li>      </li></ul><ul><li>  If there isn't a credit crisis yet, there will be one soon enough </li></ul><ul><li>We can produce the same value - like we have always done. </li></ul><ul><li>      </li></ul><ul><li>Community currencies give us money that goes around. </li></ul><ul><li>Community way is an effective community currency test case. </li></ul><ul><li>Michael Linton </li></ul><ul><li>Follow the Money 2009 </li></ul><ul><li>OpenMoney.org  </li></ul><ul><li>[email_address] </li></ul>crisis or opportunity?

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