Sustainable Infrastructure         Finance        Gwendolyn Hallsmith    City of Montpelier, Vermont
Without interest, there might not        even be a national debt.•   U.S. has paid $8.2 trillion in interest in the last 2...
US Money Supply
Corporate Profit Trends
Household Debt
Sustainability:                                             The Monetary Engine                                           ...
Social and Commercial Purpose             Currencies• Social Purpose:  – poverty eradication,  – elder care,  – Education,...
Commercial Barter Systems WIR: Swiss Commercial Barter Network                            1973         2003Number of Parti...
Terra: standardized basket of dozen key internationally                               traded commodities & services       ...
Time Banks                                  Help at Home                                  Wellness                        ...
• Elder Care alternative   • Complementary and                             Alternative Care• Money and time  commitment   ...
The End?
Sustainable Infrastructure Finance
Sustainable Infrastructure Finance
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Sustainable Infrastructure Finance

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  • Sustainable Infrastructure Finance

    1. 1. Sustainable Infrastructure Finance Gwendolyn Hallsmith City of Montpelier, Vermont
    2. 2. Without interest, there might not even be a national debt.• U.S. has paid $8.2 trillion in interest in the last 24 years, and the debt is $15 trillion. http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm• France has paid 1.4B Euros in interest since 1973, and the national debt has increased 1.35B Euros since then. https://www.youtube.com/watch?v=P8fDLyXXUxM&feature=player_embedded• In 2006, Canada had a national debt of 481.5 billion Canadian dollars, and had paid almost 1 trillion in interest since 1961. http://www.enterstageright.com/archive/articles/1006/1006cdndebt.htm
    3. 3. US Money Supply
    4. 4. Corporate Profit Trends
    5. 5. Household Debt
    6. 6. Sustainability: The Monetary Engine What do we invest in? 10 years Physical Reality $ 100 100 years $ 1,000Currency with Positive Interest $ 61.39 Financial Viewpoint@ 5%/year $7.60Value discounted to today:Currency with Demurrage @5%/yearDemurrage = time-related $ 167.02 $ 168,903.82charge (opposite of interest)Value discounted to today:
    7. 7. Social and Commercial Purpose Currencies• Social Purpose: – poverty eradication, – elder care, – Education, – community service, – GHG reductions.• Commercial Purpose: – business loyalty – commercial barter – international trade
    8. 8. Commercial Barter Systems WIR: Swiss Commercial Barter Network 1973 2003Number of Participants 20,402 76,618Turnover - Swiss francs 196 million 2.521 billionBalance - Swiss francs 83 million 1.028 billion
    9. 9. Terra: standardized basket of dozen key internationally traded commodities & services 10 bushels il 1 ton carbon Etc lO 10 lb. copper wheat 1/10 oz Gold . a rre emissions1b Storage costs = 3.5% demurrage paid by bearer 4 x less volatility Fully backed Inflation than US$ => Robust resistant
    10. 10. Time Banks Help at Home Wellness Home Repair Companionship Education Community Activities Arts, Crafts, and Music Transportation RecreationEinstein discovers that time is Business Services actually money…
    11. 11. • Elder Care alternative • Complementary and Alternative Care• Money and time commitment • Life Activities
    12. 12. The End?

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