• Save
What is money? - Kaldari Report at Schumacher College (Totnes) - 6 oct 2011
Upcoming SlideShare
Loading in...5
×
 

What is money? - Kaldari Report at Schumacher College (Totnes) - 6 oct 2011

on

  • 434 views

SLIDES from our lecture at Schumacher College, Dartington, Totnes (UK), 6th october 2011. ...

SLIDES from our lecture at Schumacher College, Dartington, Totnes (UK), 6th october 2011.
In the audience, students and teachers of the Master in Economics for Transition.

CLICK THIS LINK TO LISTEN TO THE AUDIO:
http://soundcloud.com/kaldarireport/whatismoney

Thanks
www.kaldarireport.com

Statistics

Views

Total Views
434
Views on SlideShare
434
Embed Views
0

Actions

Likes
0
Downloads
0
Comments
0

0 Embeds 0

No embeds

Accessibility

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

What is money? - Kaldari Report at Schumacher College (Totnes) - 6 oct 2011 What is money? - Kaldari Report at Schumacher College (Totnes) - 6 oct 2011 Presentation Transcript

  • “It is well enough that people of the nation donot understand our monetary system, for if theydid, I believe there would be a revolution beforetomorrow morning.” Henry Ford
  • • Graduated with honors in Statistics, Phd in Social Sciences and Social Research - in late ‘90s worked with italian research institutes and contributed to to published works about political communication
  • • Graduated with honors in Statistics, Phd in Social Sciences and Social Research - in late ‘90s worked with italian research institutes and contributed to to published works about political communication• Musician, video-maker, producer, talent scout...
  • • Graduated with honors in Statistics, Phd in Social Sciences and Social Research - in late ‘90s worked with italian research institutes and contributed to to published works about political communication• Musician, video-maker, producer, talent scout...• Sales and Marketing executive - head of a 6 people sales&marketing team, selling high value services to leading international companies, local and central institutions
  • • Graduated with honors in Statistics, Phd in Social Sciences and Social Research - in late ‘90s worked with italian research institutes and contributed to to published works about political communication• Musician, video-maker, producer, talent scout...• Sales and Marketing executive - head of a 6 people sales&marketing team, selling high value services to leading international companies, local and central institutions• New media and web-reputation “expert” - worked as journalist for the first italian online local newspaper - co-founded the first italian online-media monitoring company - made speeches and lectures about new media and web-reputation
  • • Graduated with honors in Statistics, Phd in Social Sciences and Social Research - in late ‘90s worked with italian research institutes and contributed to to published works about political communication• Musician, video-maker, producer, talent scout...• Sales and Marketing executive - head of a 6 people sales&marketing team, selling high value services to leading international companies, local and central institutions• New media and web-reputation “expert” - worked as journalist for the first italian online local newspaper - co-founded the first italian online-media monitoring company - made speeches and lectures about new media and web-reputation• Member of the Board, Municipality of Gradara - in charge of Economic and Touristic Development
  • What is Money?
  • What is Money?1. The Alchemy of Money: origins of the western monetary system
  • What is Money?1. The Alchemy of Money: origins of the western monetary system2. Money and Environment: why the nature of money is the cause of the problem
  • What is Money?1. The Alchemy of Money: origins of the western monetary system2. Money and Environment: why the nature of money is the cause of the problem3. A New Money for a New World: how changing our money could be the solution
  • What is Money?1. The Alchemy of Money: origins of the western monetary system2. Money and Environment: why the nature of money is the cause of the problem3. A New Money for a New World: how changing our money could be the solution
  • Banco Metalli E.C.
  • I the undersigned Enrico C., as owner of Banco Metalli E.C.declare that I will give back to the bearer of this note on demand the sum of: one bar of pure gold Enrico C. Banco Metalli E.C.
  • The Alchemy of Money (England, 17th century) by Richard A. Werner, 2005 selected as “Global Leader for Tomorrow” at the World Economic Forum of Davos, in 2003
  • The Alchemy of Money (England, 17th century)Jewellers offer safekeeping facilities for precious metals. by Richard A. Werner, 2005 selected as “Global Leader for Tomorrow” at the World Economic Forum of Davos, in 2003
  • The Alchemy of Money (England, 17th century)Jewellers offer safekeeping facilities for precious metals.Their “receipts” (“note di banco”) start to circutalate as“paper money”, without intrinsic value. by Richard A. Werner, 2005 selected as “Global Leader for Tomorrow” at the World Economic Forum of Davos, in 2003
  • The Alchemy of Money (England, 17th century)Jewellers offer safekeeping facilities for precious metals.Their “receipts” (“note di banco”) start to circutalate as“paper money”, without intrinsic value.Rare withdrawals from their vaults allow themto lend their clients’ gold, by Richard A. Werner, 2005 selected as “Global Leader for Tomorrow” at the World Economic Forum of Davos, in 2003
  • The Alchemy of Money (England, 17th century)Jewellers offer safekeeping facilities for precious metals.Their “receipts” (“note di banco”) start to circutalate as“paper money”, without intrinsic value.Rare withdrawals from their vaults allow themto lend their clients’ gold,with an interest (pure profit), by Richard A. Werner, 2005 selected as “Global Leader for Tomorrow” at the World Economic Forum of Davos, in 2003
  • The Alchemy of Money (England, 17th century)Jewellers offer safekeeping facilities for precious metals.Their “receipts” (“note di banco”) start to circutalate as“paper money”, without intrinsic value.Rare withdrawals from their vaults allow themto lend their clients’ gold,with an interest (pure profit),printing “paper receipts” (or “banknotes”), by Richard A. Werner, 2005 selected as “Global Leader for Tomorrow” at the World Economic Forum of Davos, in 2003
  • The Alchemy of Money (England, 17th century)Jewellers offer safekeeping facilities for precious metals.Their “receipts” (“note di banco”) start to circutalate as“paper money”, without intrinsic value.Rare withdrawals from their vaults allow themto lend their clients’ gold,with an interest (pure profit),printing “paper receipts” (or “banknotes”),more then one time for each gold bar (“fractional reserve”), by Richard A. Werner, 2005 selected as “Global Leader for Tomorrow” at the World Economic Forum of Davos, in 2003
  • The Alchemy of Money (England, 17th century)Jewellers offer safekeeping facilities for precious metals.Their “receipts” (“note di banco”) start to circutalate as“paper money”, without intrinsic value.Rare withdrawals from their vaults allow themto lend their clients’ gold,with an interest (pure profit),printing “paper receipts” (or “banknotes”),more then one time for each gold bar (“fractional reserve”),asking “collaterals” as a guarantee of the loan (without risk). by Richard A. Werner, 2005 selected as “Global Leader for Tomorrow” at the World Economic Forum of Davos, in 2003
  • The Alchemy of Money (England, 17th century)Jewellers offer safekeeping facilities for precious metals.Their “receipts” (“note di banco”) start to circutalate as“paper money”, without intrinsic value.Rare withdrawals from their vaults allow themto lend their clients’ gold,with an interest (pure profit),printing “paper receipts” (or “banknotes”),more then one time for each gold bar (“fractional reserve”),asking “collaterals” as a guarantee of the loan (without risk).New purchasing power is created, by Richard A. Werner, 2005 selected as “Global Leader for Tomorrow” at the World Economic Forum of Davos, in 2003
  • The Alchemy of Money (England, 17th century)Jewellers offer safekeeping facilities for precious metals.Their “receipts” (“note di banco”) start to circutalate as“paper money”, without intrinsic value.Rare withdrawals from their vaults allow themto lend their clients’ gold,with an interest (pure profit),printing “paper receipts” (or “banknotes”),more then one time for each gold bar (“fractional reserve”),asking “collaterals” as a guarantee of the loan (without risk).New purchasing power is created,with pure profit and no risk, by Richard A. Werner, 2005 selected as “Global Leader for Tomorrow” at the World Economic Forum of Davos, in 2003
  • The Alchemy of Money (England, 17th century)Jewellers offer safekeeping facilities for precious metals.Their “receipts” (“note di banco”) start to circutalate as“paper money”, without intrinsic value.Rare withdrawals from their vaults allow themto lend their clients’ gold,with an interest (pure profit),printing “paper receipts” (or “banknotes”),more then one time for each gold bar (“fractional reserve”),asking “collaterals” as a guarantee of the loan (without risk).New purchasing power is created,with pure profit and no risk,if there’s TRUST from the clients andCONFIDENTIALITY about how “it works”. by Richard A. Werner, 2005 selected as “Global Leader for Tomorrow” at the World Economic Forum of Davos, in 2003
  • The Alchemy of Money (England, 17th century)Jewellers offer safekeeping facilities for precious metals.Their “receipts” (“note di banco”) start to circutalate as“paper money”, without intrinsic value.Rare withdrawals from their vaults allow themto lend their clients’ gold,with an interest (pure profit),printing “paper receipts” (or “banknotes”),more then one time for each gold bar (“fractional reserve”),asking “collaterals” as a guarantee of the loan (without risk).New purchasing power is created,with pure profit and no risk,if there’s TRUST from the clients andCONFIDENTIALITY about how “it works”.That’s the birth of modern western monetary system. by Richard A. Werner, 2005 selected as “Global Leader for Tomorrow” at the World Economic Forum of Davos, in 2003
  • What is Money?1. The Alchemy of Money: origins of the western monetary system2. Money and Environment: why the nature of money is the cause of the problem3. A New Money for a New World: how changing our money could change our world
  • What is Money?1. The Alchemy of Money: origins of the western monetary system2. Money and Environment: why the nature of money is the cause of the problem3. A New Money for a New World: how changing our money could change our world
  • MONEY SUPPLY
  • MONEY SUPPLY CREDIT (Commercial Banks) MONETARY BASE (Central Banks)
  • MONEY SUPPLY CREDIT (Commercial Banks) MONETARY BASE (Central Banks) 90% 10%
  • MONEY SUPPLY CREDIT (Commercial Banks) DEBT INTERESTS MONETARY BASE (Central Banks) 90% 10%
  • MONEY SUPPLY CREDIT (Commercial Banks) DEBT INTERESTS MONETARY BASE (Central Banks) = 90% 10% £ $ ! MONEY SUPPLY = DEBT (+ interests)
  • MONEY SUPPLY CREDIT (Commercial Banks) DEBT INTERESTS MONETARY BASE (Central Banks) = 90% 10% £ $ ! MONEY SUPPLY = DEBT (+ interests) Fonte: “Modern Money Mechanics”, 1992, Federal Reserve Bank of Chicago.
  • £ $ ! MONEY SUPPLY = DEBT (+ interests)
  • Deficit 2010: -26%Debt/GDP: 142%Debt/Revenues: 363%Rating: CCC-
  • Deficit 2010: -59%Debt/GDP: 93%DEBT/Revenues: 608%
  • Deficit 2010: -59%Debt/GDP: 93%DEBT/Revenues: 608%Rating: AAA+
  • Source: www.treasury.gov
  • Source: www.treasury.gov
  • 2010
  • 14500mld$ 2010
  • 14500mld$ 14000mld$ 2010
  • 14500mld$ 14000mld$ 2010 3450mld$ Investments Current expenses Interests payment
  • 14500mld$ 14000mld$ 2010 3450mld$ 1290mld$ 2160mld$ Investments DEFICIT Current expenses Incomes Interests payment
  • 2010
  • 201014500mld$ 14000mld$ 3450mld$
  • 60000mld$ 2010 14500mld$ 14000mld$ 3450mld$
  • MONEY SUPPLY = DEBT ECONOMY $ GDP
  • MONEY SUPPLY = DEBT ECONOMY $ GDP
  • MONEY SUPPLY = DEBT ECONOMY $ GDP
  • STRUCTURAL LIMIT (1)MONEY SUPPLY = DEBT ECONOMY $ GDP
  • InvestimentsCurrent expensesInterests payment
  • InvestimentsCurrent expensesInterests payment
  • STRUCTURAL LIMIT (2) Investiments Current expenses Interests payment
  • STRUCTURAL LIMIT (2) T The Triffin Dilemma Investiments Current expenses Interests payment 1960
  • What is Money?1. The Alchemy of Money: origins of the western monetary system2. Money and Environment: why the nature of money is the cause of the problem3. A New Money for a New World: how changing our money could be the solution
  • What is Money?1. The Alchemy of Money: origins of the western monetary system2. Money and Environment: why the nature of money is the cause of the problem3. A New Money for a New World: how changing our money could be the solution
  • Let us compare the conditions of Guernsey and its need a century ago, with the condition and need ofEngland today. When we hear arguments against slum clearance, against building new schools orhospitals or providing better roads, or even against providing everybody with a su!cient income to keepthemselves decently, on the grounds that we have not the money, if we remember the Guernsey MarketHouse experiment, we realise how specious such arguments are.
  • Let us compare the conditions of Guernsey and its need a century ago, with the condition and need ofEngland today. When we hear arguments against slum clearance, against building new schools orhospitals or providing better roads, or even against providing everybody with a su!cient income to keepthemselves decently, on the grounds that we have not the money, if we remember the Guernsey MarketHouse experiment, we realise how specious such arguments are. from “The Guernsey Market House Scheme”, by D. M. Sherwood (on “The Fig Tree” #10, september 1938)
  • MONEY SUPPLY Economic Growth £
  • MONEY SUPPLY Economic Growth £
  • =£ MONEY DEBT $ SUPPLY (+ interests) !
  • =£ MONEY DEBT $ SUPPLY (+ interests) !
  • = £ MONEY DEBT $ SUPPLY (+ interests) !MONETARY REFORM:1. Money creation by the Government (all of it and with no debt)
  • MONETARY REFORM:1. Money creation by the Government (all of it and with no debt)
  • MONETARY REFORM:1. Money creation by the Government (all of it and with no debt)
  • 1963 1865 1833MONETARY REFORM:1. Money creation by the Government (all of it and with no debt)
  • “I KILLED THE BANK!” (1845) 1963 1865 1833MONETARY REFORM:1. Money creation by the Government (all of it and with no debt)
  • Economic Growth GDPMONETARY REFORM:1. Money creation by the Government (all of it and with no debt)
  • Economic Growth SOCIAL Growth GDPMONETARY REFORM:1. Money creation by the Government (all of it and with no debt)2. Replace GDP with a true index of Social Growth and Well-being
  • Economic Growth SOCIAL Growth GDP 1968MONETARY REFORM:1. Money creation by the Government (all of it and with no debt)2. Replace GDP with a true index of Social Growth and Well-being
  • MONEY SUPPLY INFLATION £ $ !MONETARY REFORM:1. Money creation by the Government (all of it and with no debt)2. Replace GDP with a true index of Social Growth and Well-being
  • MONEY SUPPLY INFLATIONMONETARY REFORM:1. Money creation by the Government (all of it and with no debt)2. Replace GDP with a true index of Social Growth and Well-being
  • MONEY SUPPLYMONETARY REFORM:1. Money creation by the Government (all of it and with no debt)2. Replace GDP with a true index of Social Growth3. Money creation disclosed and connected to Sustainability
  • SCARSITY POVERTY CONFLICTSMONETARY REFORM:1. Money creation by the Government (all of it and with no debt)2. Replace GDP with a true index of Social Growth and Well-being3. Disclosed money creation, and connected to Sustainability
  • PROSPERITY WELLBEING SUSTAINABILITYMONETARY REFORM:1. Money creation by the Government (all of it and with no debt)2. Replace GDP with a true index of Social Growth and Well-being3. Disclosed money creation, and connected to Sustainability