Building: Knowledge, Security, Confidence Borrowing Basics FDIC Money Smart for Young Adults.
Making Knowledge in Communities · borrowing money –Increased by mortgages, i.e. households...
Transcript of Making Knowledge in Communities · borrowing money –Increased by mortgages, i.e. households...
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Credit Crisis?
Cash Crumble is the Reality!
See http://tinyurl.com/666rwd
from a UK perspective
Sabine K McNeill
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Time, Money & Growth
Time is Money
Growth
Green Credit for
Green Purposes
Green Credit for
Green Growth
Forum
for Stable Currencies
Archive Site
Measuring
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Compound Interest
• The problem is the
exponential growth
of compounding interest
on interest
– Starting with the National
Debt, i.e. Governments
borrowing money
– Increased by mortgages,
i.e. households borrowing
– Exacerbated by stock
exchanges and trading
shares
– Continued with corporate
and private borrowings
• Exponential growth works
equally for debts and
profits
-10000000.00
-8000000.00
-6000000.00
-4000000.00
-2000000.00
0.00
2000000.00
4000000.00
6000000.00
8000000.00
10000000.00
1 2 3 4 5 6 7 8 9 10111213141516171819202122232425262728
Compounding Interest over Time
8% 10% 12%-8% -10% -12%
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Money & Currencies
Private Currencies
• LETS
– Local Exchange Trading
Systems
– Green Money Network
LETS membership
Meetings at LSE
• Professional Barter
– B - 2 - B
National Currencies
• National Debt (UK)
– Est. 1694
– Debt Management Office
est. 1996
• Nation States
– Borrowing
– Taxing
Campaign for Interest-Free
Money
Forum for Stable Currencies
Global Table
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Cash & Credit
Good Money
• Issued by States
– Interest free
• Notes
• Coin
• Cash : Credit Ratio
– 1945: 48% : 52%
– 1968: 29% : 71%
– 2008: 3% : 97%
Bad Money
• Issued by Central Banks
& Banks
– Interest bearing
– Wholesale
• Monetary & Financial
Institutions (MFIs)
• Private Non-Financial
Corporations (PNFCs)
• Other Financial
Corporations (OFCs)
– Retail
• Consumer Credit
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Credit = Trust
Good Credit
• Mutual Credit
– LETS
• Credit without collateral
– Microcredit
– Grameen Bank
Bad Credit
• National Debt
– unrepayable
• Development Loans
– Currency instabilities
• Mortgages
– Variable interest rates
– inflation
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The National Debt
Good Money
• The 3rd Way
– Public Credit
Bad Money
• Monetary Reform
– Money as Debt video
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Treasury Select Committee
• Examines the expenditure,
administration and policy of
– HM Treasury
– HM Revenue & Customs
– Associated public bodies
• Bank of England
• Financial Services Authority
‘Green Credit’
for
Green Purposes
Changing
the Cash : Credit Ratio
of the Money Supply
to Ameliorate Climate
Change
A Response to the Inquiry
of the Treasury Select
Committee
into Climate Change and the
Stern Review
Sabine K
McNeill
Organiser
Forum for
Stable
Currencies
21a Goldhurst Terrace
NW6 3HB
T 020 7328 3701 – M 07968 039 141
www.greencredit.org.uk
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Stop the Cash Crumble!
• Our online petition
targeted at the Treasury
Select Committee
• http://tinyurl.com/666rwd
By November 22nd, 2008
137 Signatures
> 3170 Page views
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Digital Money
• The Future is Digital – a WIRED interview
with a powerful banker in 1997, still valid now
• Electronic Money: Flop or a New Run-Up?
• Complementary Currencies
as the Sane Alternative
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Online Activities
Blogs
• Bombs
• Green Credit
• Green Growth
• Yunusphere
• Forum News
• 3D Metrics
• Times Online
• Guardian Online
• Daily Mail
Petition(s)
• GoPetition
– Public Credit Petition
– http://tinyurl.com/666rwd
• No. 10
• Public Petitions
– via MP
• Petition Bag
• Presentation
– E-Petitions
• Procedure Committee
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Contact
• sabine at 3dmetrics.co.uk
• http://forumforstablecurrencies.org.uk