the money fix
actually.. already watched/doc’d here (2009): the money fix (noticed 7 min in.. dang)
by Alan Rosenblich (@AlanRosenblith)
4 min – for first time.. whole world subscribes to same set of rules…
(woman): the money system went global and it began to disorder every local eco/social system on the planet
at bottom of all the rules is the rule that making money is always more important than anything else..
we’ve made money more important than human life.. than the natural world.. than god/spirit.. and on that bed of lies.. our relationship with money is resting..
today.. entire apparatus of assumptions underlying economics are simply wrong.. why do we allow societies to be run with this malfunctioning source code..
5 min – part of difficulty.. very few people think about what money is.. where it comes from.. how it is created and how it is controlled..
noam: there has been 150 yrs of very intense propaganda/ indoctrination to try to drive these ideas out of people’s heads..
on making so complicated so people can’t figure out
if everyone knew full facts.. i think a lot of very unhappy people
saying money makes world go around.. but in more accuracy…. money stops world.. doesn’t facilitate in current form it inhibits transaction/trade
6 min – thomas: money is one thing required for econ exchange.. channel thru which every transaction must go in order to be completed.. we live today by exchanging goods/services with one another and money is the medium we use to do that.. so money becomes the controlling element in economics.. those who control money control everything..
7 min – george selgin (@georgeselgin): money is not a creature of the state.. it didn’t require any king/prince to invent money.. rather money/monetary trade were products of spontaneous order
lawrence white (https://en.wikipedia.org/wiki/Lawrence_H._White): put yourself in a barter situation where you come to market with some good and try to trade it directly.. have to find..
george: problem is.. you often can’t find a trading partner who has the goods you want and wants the goods you have
8 min – lawrence: so trade for intermediary goods that can be more readily traded
george: at first .. diff people are experimenting with indirect exchange strategies
lawrence: when reach commonly accepted medium of goods.. (beyond salt).. you’ve got money.. it’s not defined by any physical characteristics.. not defined by any legal sanctions.. it’s defined by this social convention.. that people will accept it.. in order to trade it away later
9 min – is it possible that what a society chooses as its money can affect behavior of its people..?
rather.. if it chooses money at all.. ie: 10 day cares
bernard lietaer (http://www.lietaer.com/) (@bernardlietaer): conventional thinking about money: passive medium of exchange.. used as a convenience.. to make the exchanges .. doesn’t effect kinds of transactions .. just makes them easier.. or.. the relationships between the people.. both these things happen to be proven wrong..
francis ayley (http://fourthcornerexchange.org/info/francisayley.php): different kinds of money do have very diff properties.. and one of key properties is the level of abundance or scarcity of the item that’s being used as money.. if it’s abundant you will get a proliferation of trade… if scarce.. create a very serious problem.. prevent people from actually being able to exchange goods and services
10 min – bernard: we have.. number of studies now.. that demo very clearly ..that depending on what one uses as a medium of exchange..the relationships between the people are diff.. that’s a huge huge implication right there..
francis: there are diff kinds of money free systems.. and some promote very socially responsible behavior and some promote very anti social destructive behavior
11 min – bernard: my view of money in any society is a projection of the collective unconscious of that society.. and the science proof of that is that every society takes its own money system for granted
michael linton (http://community-currency.info/en/glossary/michael-linton/): if you try and find out what people think money is.. you will be mystified/amazed.. it’s a confusion.. it’s inaccurate/absurd/superstition/myth/religious/crazy.. most people haven’t an idea.. they just use it.. perhaps more accurate to say.. it uses them..
12 min – thomas h greco (https://en.wikipedia.org/wiki/Thomas_H._Greco,_Jr.): most people have no idea where money comes from.. a lot of people believe that it’s the govts that create the money
bernard: conventional money is not created by the govt .. not even created by the central banks.. although they do part of it.. it is actually created by the banking system..
thomas: people see these films about the us mint and govt printing office and they see these sheets of dollar bills being run off the printing presses and so they think it’s the govt that’s printing money.. but this is not the real source of money.. the real source of money is banks..
13 min – francis: the banks have a complete monopoly on the money creation process.. so the public are not actually involved in it at all.. directly or indirectly..
george: the fed reserve is a private institution owned by commercial banks who are members of the fed reserve system.. which includes all the nationally charted banks
francis: most people don’t realize that the fed reserve is a private corp and it is for profit.. and in fact.. fed reserve is neither federal and it’s not a reserve..
1910 – bankers meet on jeckyl island to discuss ways of stabilizing banking system.. congress passed fed reserve act in 1913.. giving this private corp a monopoly over issuing the nation’s money supply.. how did this fall into private hands..?
14 min – robert pollin (https://en.wikipedia.org/wiki/Robert_Pollin): initially you can think a bank was about storing people’s gold.. basis of paper money system was when you could start trading those pieces of paper…
15 min – robert (?): banks discovered that when people started paying each other with the claims to the coins in the bank’s vault.. rather than taking the coins out.. that the bank didn’t really need to keep all the coins in the vault in order to pay the people who did come and want the coins
robert: the banker realizes.. nobody’s coming to take the gold.. gold is just sitting there.. so instead of just putting out one piece of paper.. saying such and such amt of gold.. you could put out a lot of pieces of paper.. and you could lend money.. and the basis of that loan is the trust that people have.. that if they want to come and get the gold.. the gold will be there.. .the only thing that makes that system work is that nobody does actually come to get the gold.. if everybody went and got it.. there wouldn’t be enough gold for everybody
16 min – thomas: you often have bank runs/panics.. when people would have a lack of confidence in a particular bank.. and bank would have to close its doors
bernard: so that’s fractional reserve banking.. coins fraction of paper
robert: the reason banks did it is they were making money off earning interest off of those loans that were promises that there was gold..
17 min – profit off lending gold it does not even have..
in 1934 in attempt to prevent further bank failures (from bank runs).. series of banking reforms slowly took away people’s ability to trade their paper money in for silver… in 1971 richard nixon removed the last of this convertibility.. today.. money can no longer be redeemed for gold/silver
18 min – william greider (https://en.wikipedia.org/wiki/William_Greider): now we’ve gone beyond that.. we don’t even see the money anymore.. we don’t even hold it in our hands.. we take a piece of plastic into supermarket.. run thru machine.. which registers in our account book somewhere.. the buyer or seller doesn’t see it either.. at the end of the day.. they balance accounts and some numbers have been added to the supermarkets and taken out of our account
robert: most of the assets that we call money are not printed dollar bills.. in fact currency is a very small proportion of the total amount of money.. most of what we call money are bank accounts..
in same way banks used to issue more money than they had gold.. today.. banks issue more bank account money than they have cash reserves.. it is these bank account balances that make up about 97% of what we think of as money..
19 min – if a landlord wants to know how much money you have before you sign a lease.. you would show them an account balance.. and not a suitcase full of cash
bernard: most econ text books never say what money is.. they just say what money does.. they describe money by its functions… ie: exchange; standard value; .. money lives in a diff space in fact.. it’s an agreement..
francis: a lot of people think money is something that’s tangible..real..and that you can pick up and handle.. that isn’t so..
money is bascially an idea.. that you owe something or someone owes something to you..
that idea can be symbolized by an account.. where numbers go up/down.. or it can be symbolized by paper currency.. or exchange of coin.. gold/silver/ore/copper.. but those are all symbols .. not actually money..
20 min – thomas: another misconception that people have about money is that money is a thing.. but in today’s world..
money is simply credit.. which means.. it’s an information system..
and the question is.. what kind of info does it convey.. it’s info about claims against the economic output
(?): you have a bank acct that says you have 1 mn dollars.. nice to say have mn dollars.. but what makes it nice is that you can buy 1 mn dollars worth of things that you want to buy
21 min – so if money is no more than info about what we owe each other..
how does the money we use each day get created..
bernard: money is created thru process of bank loans.. people/co’s/govts.. go into banking system and borrow money.. so .. every dollar.. ever national currency you’ve ever seen.. is someone’s debt..
george: for every dollar created in the monetary system.. you have a corresponding debt.. that works both for the fed reserve dollars themselves.. and for the bank deposit dollars that are based on them..
francis: money is issued whenever someone takes out a loan from the bank.. so if i walk into bank and want to borrow to start business.. bank.. gives money to start business.. most people say that 1/2 mn comes from someone else.. that’s not true.. they don’t get money from anywhere…actually create out of thin air in my bank account
22 min – thomas: john kenneth galbraith in book ..money whence it came where it went.. says this:
the process by which money is created is so simple that the mind is repelled..
and it’s true.. when i tell people how..
money is created by banks simply by making ledger entries ..
they just can’t believe it..
23 min – only way new money can get into economy is by a bank loan.. this means that every dollar you’ve ever seen is someone’s debt to a bank
francis: the simple/uncomfortable fact is.. that if all the debts were *repaid.. the money supply would simply disappear..there would be no money.. and that would mean a complete and total collapse of the economy
*repaid.. or wiped out.. let’s do that..
thomas: if everybody were to reimburse their debts.. if that were possible.. there wouldn’t be any money left.. in fact there’s more debt than money available.. the reason is.. interest is not created..
24 min – the catch is.. they want more repaid than what they’ve given me
bernard: go to buy a house for 100 000.. they check your credit.. and then decide to create the credit.. enter electronically in your account.. and say you have to bring back 200 000 in next 20 yrs… the 100 000 is created.. the second 100 000 is not created.. so
..they send you into the world to compete w everybody else to bring in the 2nd 100 000 dollars.. that’s how the money is kept scarce.. thru the competition of w/these diff players for interest that is not created.. so always less money than is necessary.. and is non systemic
25 min – thomas: if you go to bank to borrow and bank decides to approve.. they will make 2 entries on their books 1\ take your note and say it’s a mortgage note.. and that will be an asset on the books of the bank and that will offsets that with and equal 2\ deposit to your account which is a liability on the books of the bank… so money creation process is as simple as that.. but bank does not create interest you’re going to have to pay.. so where does that interest come from.. has to come from some other loan that was made to someone else.. so you have this inherent deficiency in the money supply.. not everyone can repay what they owe to the banks.. at any given time there is more owed to the banks than exists in circulation
26 min – francis: which means inevitably.. someone is going to lose the game.. someone is going to go bankrupt.. and that has nothing whatsoever to do w/quality of (?) and services or the efficiency of the business .. nothing at all..
george (?): everybody in the econ is vying w everyone else to avoid defaulting on their loans to the banks.. and the only way they can do that is by competing with one another for an inadequate supply.. so like game of musical chairs.. assures there must be some losers.. regardless of how competent they are in conducting their business
27 min – money we get when receive a loan is called principal.. debt is not discharged when repay the principal.. bank loans are all made on condition that people pay both the principal and the interest..however.. money can only be issued as principal.. no creation of money for interest.. so debt far greater than amount of money there is to repay it… ie…. therefore.. some people will always have to go bankrupt.. or have their property repossessed by bank..
some people off street interviews:
28 min – crazy.. worries me.. what if there was a collective understanding of how phony the money is.. what would people do.. riot in the streets..?
who’s propagating.. the illusion.. behind the money.. that just pisses me off..
scott pittman (permaculture) (http://www.permaculture.org/about/teaching-team/): rain and tree bark patterns.. in crevices where a lot of critters live.. get a lot of exo skeletons that are shed.. that then is dissolved by rain.. runs down tree and carries phosphate.. organic material at base is what feeds the tree.. like a constant recycling of material of life back into life
30 min – elisabet sahtouris (evolutionary biologist) (https://en.wikipedia.org/wiki/Elisabet_Sahtouris): i don’t think economics are related only to humans at all.. it’s very easy to see nature as an economy.. nature creates value constantly .. for the benefit of all its membership.. and that’s what i think economics are really about
scott: here you have a kind of banking of resources.. that every element in this forest contributes to.. so more like a community of contributors and you take what you need as you need it.. available to whoever comes along and needs it.. there isn’t that profit motive in natural systems.. it really isn’t necessary to have more than you need
32 min – thomas: most people’s experience with money is that money is scarce.. and in today’s monetary sytem.. it is scarce
lynne twist (http://soulofmoney.org/about/lynne-twist/): these cultural lies on which our relationship with money rests/rooted.. is governed by the most insideous/tragic lie.. the lie of scarcity
thomas: even public reserve publications claim that what gives money its value is its scarcity.. and this is false… it’s not the scarcity that gives money its value.. what gives it value is its ability to requisition whatever you want/need in the market place
33 min – lynne: we actually swim in a set of unexamined unconscious beliefs
riane eisler (https://en.wikipedia.org/wiki/Riane_Eisler): the domination model artificially creates scarcity..and scarcity is actually one of the ways the system maintains itself..
lynne: a constant battle with.. there’s not enough.. i’m not enough.. an unconscious/unexamined mindset that creates distorted behaviors that are inconsistent with who we are
34 min – aqeela sherrils (@aqeela28) (https://en.wikipedia.org/wiki/Aqeela_Sherrills): the same thing that keeps a rich person from giving.. a poor person from making.. that conditioned way of thinking/seeing that we really have to begin to address.. those who consider themselves poor in this country.. are not poor.. i think it’s a scarcity mentality.. it’s a belief system that we all carry
lynne: that inevitable certainty that there’s not enough to go around and someone/somewhere is going to be left out… is actually at the base of our political understanding of the world.. our systems of governance.. our ed system.. it’s even at the heart of religion
35 min – riane: of course there are scarcities that happen naturally.. there’s a disaster.. there’s a flood.. all kinds of things can happen… but here you have a system that artificially creates scarcity so that then you’ll get people who really are fighting for the spoils.. and since there is so much control from up on top.. it is a way of maintaining the disunity and the confusion of those on bottom
constance rice (https://en.wikipedia.org/wiki/Constance_L._Rice): what it is is emasculated men… when you leave.. particularly men.. with no options.. they get violent and the get destructive.. go anywhere in the world.. these devastating dynamics are engineered
36 min – thomas: our experience of money being scarce is an artifact of the money system.. *in a properly run monetary system.. there will be no scarcity in money..
*dang.. why we haven’t yet.. people with eyes most wide open still think we need a monetary system..?
lynne: this.. there’s not enough to go around.. someone’s going to be left out… gives us this difficult/unfortunate permission to leave people out..
we have to keep getting more to distance ourselves from being the one left out
37 min – at pov of corp.. driven in part by greed.. profit.. and by fear.. because if you don’t do it .. someone else will and drive you out… drives you to do bad thing to workers/community/environment.. in order to boost that return..
38 min – michael albert (https://en.wikipedia.org/wiki/Michael_Albert): if callous to effects on others you have a potential to rise.. odds are that you can compete your way up.. if you care and are socially concerned about others you’re at a tremendous disadvantage.. so the competitive dynamic that we have does sort of weed out a set of people for success.. but what i would say is that what it weeds out for success is not competence/creativity/intelligence.. but callousness ..far more often
marjorie kelly (@marjorie_kelly) (http://www.marjoriekelly.com/bio/): if you look at how economies actually function.. they function with both competition and cooperation.. both can co exist.. we have leaned more toward competition and i think we could use more cooperation.. but i think either one in its extreme can be dysfunctional
thomas: *competition does have its place in urging us to our highest level of performance and fulfillment.. but health is dependent on cooperation.. we don’t have the liver and heart competing for blood/nutrients.. **there is this inherent cooperation that leads to the health of the entire entity
**why then.. do we need competition…?
39 min – michael l: the nature to which people are able to be social/civilized/sympathetic.. is quite amazing.. and it’s in contradiction to the nature of the money
bernard: it’s interesting that anybody.. if going to have to make money to live.. going to have to fight for it.. going to have to compete for it.. is that in nature up there..?.. is that the world that is that way.. ? .. or is it the money system that’s between us and the world… that is that way.. i make the second claim..
40 min – scott: ants.. breaking carbon down.. lost of complexity here..
l hunter lovins (longmont) (https://en.wikipedia.org/wiki/Hunter_Lovins) (In 2013, Hunter served as a mentor for Unreasonable at Sea): ecosystems based much more on coop than competition..we tend to deify cut throat competition.. and there is some competition in nature.. but there is much more cooperation
riane: species move from competition to cooperation because they discover the economic value of cooperating.. it is cheaper.. more efficient.. more cost efficient to make friends than to keep as enemy
42 min – bernard: 8 bn on planet.. a bn who are happy to work but can’t.. no jobs for them
graeber job law.. earn a living ness et al
thomas: some people say these people lack employment because they lack skills.. don’t want to work.. maybe true of a few.. but for most.. reason they’re impoverished is this scarcity of money
43 min – juliet schor (@JulietSchor): if you have an economy which is generating only a limited number of good jobs.. are you surprised that parents feel it’s really important to teach their kids how to compete.. on every level.. they want their kids to get those jobs.. another kind of response would be to get together and say.. there’s a problem with the structure here.. but.. we have a very individualistic response to the problem
43 min – gar alperovitz (@garalperovitz): time of civil war.. midway in industrial rebuilding.. slavery in south condemned.. but counter argument.. wage slavery.. meant you had no protection.. you could be fired at will.. a waged slave
44 min – william: 13th amendment.. says you cannot treat a human being as a commodity for buying/selling.. and the new econ.. can no longer by/sell labor.. but you can rent it.. so the wage is.. you’re renting somebody..
bernard: the word job was invented in the industrial age in england.. it didn’t exist before.. and it describes a pile of things that one does for money… work.. is a very very old concept … and work is something you do because you’re passionate about it.. something you love doing.. but job is specifically something you do for pay.. pay in national money.. to be precise..
45 min – gar: woodrow wilson and lincoln said.. that if america became that society.. society were majority became wage labor or wage slavery.. we would lose the freedoms that made america great
noam: if you were in such conditions of duress that you couldn’t survive except by being slave.. you might sign a contract.. by own free will.. are we going to take that seriously..? under some pathological assumptions i suppose..
michael a: we live in an economy which takes 80% of our each new generation and educates that 80% to obey orders and to endure boredom and stifles their creativity.. stifles their capacities.. curtails them.. they’re systematically crushed by a system which does what.. which fills slots.. and 80% of the slots need people who just do rotedius repetitive labor.. at least at work and therefore are acclimated to doing that..
46 min – robert: and you can say.. this is a terrible job i just don’t want to do it.. it’s a free market.. you have a choice to not show up under these terrible conditions.. at the same time.. if you don’t.. little problem here.. you’re not gonna eat and your family isn’t gonna eat.. and that’s why people do it
47 min – riane (?): many of us feel.. stuck in econ.. have to work 9 to 5 job.. watch a little tv and go to bed and do it all over again..
aqeela: this whole idea of a middle class in this country is ridiculous.. there’s no middle class.. no such thing as that.. they’re the working poor too.. because their whole life was financed to death.. the have the big beautiful house.. the two lovely cars..put their kids thru college.. but if they get fired from their job.. all of that stuff is over..
michael l: it’s that we do the work we do.. so often.. simply for the money.. now..since we’re all chasing this money around.. it utterly patterns our society..
48 min – bernard: i claim there’s enough work in this world for everybody.. forever.. but if you start to have to pay for it.. with a national money that’s scarce.. that’s making work into a job.. that is going to be another question.. because someone has to borrow that money in order to pay you
constance: as we get rid of more and more jobs.. we may have to get to a point where we redefine the meaning of work.. and you’re going to have to find other ways for people to support themselves..
49 min – bernard: work.. is an infinity of things you can do .. we can make every city.. every garden.. every house.. a paradise.. there’s an infinity amount of things to be done to reach there.. don’t expect to be paid for it in national money .. don’t get that idea.. so we have to find another way.. what people can do.. in a post industrial age
stacey shaw (co founder river hours): local currency.. along with fed money
51 min – susan witt (co founder berkshares): develop in a decentralized way
bernard: complementary currency is an agreement in a community.. to use something.. just about anything that they can agree on.. as a medium of exchange.. that’s other than national conventional money.. the first thing one has to understand about complementary currencies is that there are as many diff rules as you want to invent.. in national money.. there’s only one.. basically the same worldwide.. in complementary currencies diff communities agree on diff rules.. it is complementary because they do not replace national money
we need to make all the monies irrelevant.. actually.. realize they already are irrelevant.. but we’re mentally letting them kill us..
53 min – michael shuman (http://michaelhshuman.com/?page_id=6): local currency is a way of encouraging/inducing people to spend locally.. and it’s also a way to help people to support one another in the local economy when they maybe do not have any money
54 min – michael l: alan watts on 50s and having no money.. plenty of work.. but no money.. he said this was like going to build the building.. have everything.. but no inchies (?).. so don’t build.. that’s exactly what we do with money
55 min – we have the work.. we have the workers.. what’s missing..? pieces of paper that say.. i’ll do this for other goods – riverhours
on being able to feel plugged into a community.. accomplished transactionally thru using this currency system.. riverhours
57 min – scott: on the interconnected root system.. interacting all the time..
58 min – bernard: what we’re really doing is reinventing the exchange process.. we need to *mediate exchanges in a different way.. the debt money system creates money on basis of interest bearing debt.. **it’s not debt itself that is at fault.. it’s the interest component that’s attached..
*do we need to mediate them..?
**i’m thinking it is.. it’s that mindset of owing ness.. which begs we measure transactions et al..
william: some people really luddite about this.. and think we should be back to gold/silver.. precious metal that doesn’t change in time.. that’s nonsense in my pov.. thinking will go to hell if using symbolic rather than real thing.. don’t waste brain cells on that.. quite reactionary
59 min – michael l: we have to start thinking about money as an info medium not as a substantial thing.. it has been merely an info medium for couple hundred years.. but nonetheless we’ve stuck ourselves with the idea that there’s only so much money.. that’s the core of its reality concept.. that all there is is so many tn dollars/euros/yen.. and what we’re doing is juggling them… therefore.. we are always going to have shortages..
1:00 – is ie: riverhours answer.. or something else..? frances: riverhours are printed.. and when you print.. you’ve created a problem.. limited notes in circulation.. a mutual credit system is unlimited currency available..
thomas: in mutual credit system.. everyone has an account.. sometimes positive other times neg.. it’s this allowance for neg allowance that is fundamental feature of a credit clearing system.. it reps credit that’s been extended to you.. by the rest of the community..
1:01 – francis: i’m president of 4 corner exchange.. a mutual time exchange.. mutual credit exchange system.. have over 650 members (2009)… then people in birmingham sharing their have/needs ness
1:02 – bernard: mutual credit.. i do something for you.. i get a credit you have a debit.. the sum of our two is zero
thomas: i as seller can offer to you some good/service you need at the time.. i get credit.. you get debit.. in our credit clearing circle.. my debit means circle owes something to me..
owing ness.. ugh
1:03 – explanation of mutual credit system… no hard cash was needed.. and everything gains something..
imagine we assume we all gain.. without having to measure.. imagine time freed up from that.. imagine our minds that still calculate people value.. freed up from that.. huge
1:04 – on security knowing i’m part of this exchange..
don’t need the mutual credit system for that.. just need to refocus on maté’s basic needs..
thomas: over long run we expect each person will put in as much as take out.. and vice versa.. but we allow these temp imbalances in order to facil the exchange process.. this is the fundamental function of money
ok.. so imagine we just trust us.. no need for money.. quit measuring
1:05 – francis: in mutual credit.. no scarcity.. so no competition.. so people talk about how cooperative.. supportive.. people are really worried about your well-being..
nice.. let’s go another notch.. let go of that measuring piece..
michael l: the primary distinction between money that is tight/scarce/limited/comes-from-them.. and money that is free/available/sufficient/comes-from-us.. is that with one we are in fear/greed/competition and with the other.. *we behave like sensible human beings.. more generous/comfortable/giving.. more willing to receive..
*must not be so.. or we’d be doing it globally by now.. no? (since at least 2009.. we should be there by now – 2017).. sensible human beings would make sure 7 bn were tapped in.. imagine the energy ..if we let go of the measuring.. we can include 7 bn.. today
1:06 – there are literally thousands of person to person networks like 4 corners exchange.. all over world.. however concept of mutual credit is not limited to the grassroots.. mutual credit has also been successfully applied in mainstream business.. the commercial barter industry now oversees 30 bn dollars a year in trade.. 240k businesses in us alone participate in a barter system.. ie’s… bring tremendous efficiencies into econ..
1:12 – scott: can’t begin to talk about.. how do we think like an ecosystem.. until you’re aware of your place in your own culture/society.. that you aren’t the only thing worth consideration.. that everything around you is a part of you and you have a responsibility for those around you.. in order to be aware of your place.. you have to look at the place and understand the place.. and it’s earth.. planet earth..
1:13 – thomas: no surprise we’re facing a crisis in the coming years.. and the big elephant in the living room is the money problem.. and unfortunately.. most people who are active in the sustainability/environmental movements .. don’t understand the nature of this problem.. we’re not going to make any significant headway with sustainability or restoration of the environment until we solve the money problem..
which.. isn’t.. let’s fix it.. rather.. let’s disengage from it..
elisabet: this is part of the hallmark of a pre democratic society.. is that it functions by taboo.. we have certain assumptions.. we accept them.. we do not question them.. if you want to be part of the tribe.. you will speak the language of the tribe.. and you will follow the rules of the tribe..
bernard: i think that we will evolve to 1\ become aware of the blind spot of what money does to us and 2\ our money is actually like an iron ring that we put thru our nose and it’s leading us in directions that we might not want to go consciously
1:14 – l hunter: most people get up in the mornings for things other than money.. we care about things.. like family. .and if you will.. betterment.. development as whole human beings..
gar: people are not fools forever.. and i think we’re going to see very strong reaction to this as the pain grows and as difficulties grow.. and that’s the time to begin building serious ideas about where we go for the future..
1:15 – lynne: we have opp to bring forth an environmentally sustainable.. spiritually fulfilling .. and socially just human presence on this planet.. and i think that is the power/possibility of our time..
bernard: i think we can use money as a tool/servant to what we want to become..rather than be victims..
ugh.. victims/slaves to the measuring.. missing the people..
bernard: time to become aware. . time to have a consciousness of our potential… and our potential as humans is infinity.. let’s *not limit ourselves.. thru the medium of exchange.. **time to wake up..
*of math and men ness
wealth inequality in america video
what if money was no object – alan watts
money enough – taxes on war
a nother way
radical econ et al
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