Those who would like to understand how money works and in which way it influences our lives, should ask Margrit Kennedy. Through her books and lectures she uncovers a fundamental flaw in our money system, that creates social injustice and an explosive growth dynamic. Kennedy describes a possible way out of the risk prone monopoly of todays money system: the intro­duction of a variety of complementary currenci­es that can be designed to serve specific purpo­ses, similar to the principle of diversity in nature. In a very personal way, she speaks about her odyssey through the world of money and about successful experiments, that could inspire us to prevent financial crises in the future.

Bernard Lietear, economist, central banker, psychologist, author and money designer, gives a vivid account of todays money sy­stem crisis – and what do to about changing it to serve us better.

Lietaer talks about the four powerful human-created mega-trends that he ex­pects to converge within ten years and that will need to be resolved within twenty years: Climate change and biodiversity extinc­tion, age wave, information revolution and monetary instability. His conclusion: we will experience as much change in conscious­ ness within twenty years as over the past 5000 years.

These 6 videos have been created and published by the Positive Money Campaign, UK: http://positivemoney.org

Part 1: Misconceptions Around Banking

Before we discover how banks really work, and how money is created, first to clear up any confusion, we need to see what’s wrong about the way that most people think banks work.

 

Most students and graduates get taught about something called the ‘money multiplier’. In this video we’ll show that it’s an inaccurate and outdated way of describing how the banking system works.

 

See how commercial banks can create money through the accounting process they use when they make loans, how banks make payments between each other using specially created central bank money, if the Bank of England really can control how much money is in the economy …and more.

 

What actually limits how much money the banks can create? Reserve ratios, Liquidity ratios, Capital Adequacy Ratios and/or the Basel accords? Explained in an easy to understand way.

 

You might hear some people say that “Banks don’t create money – they just create credit”. This response often comes from civil servants and people trying to deny that banks now create the nation’s entire money supply. So let us show you why the numbers that banks create are money, and not just ‘credit’.

 

Remember how new money is created when a bank makes a loan? Well, when someone repays the loan, the opposite process happens, and money is actually destroyed. It effectively disappears from the economy entirely. This video explains how.

 

These seven videos have been created and published by the Positive Money Campaign, UK: http://positivemoney.org

What is money?

We all use money, we all rely on money. But do we know how money works? Where does money come from?


 Inequality: Why are the rich getting richer?

Why do the rich just get richer and richer? Could it be that it has something to do with the fact that we have to rent our entire money supply from the banks that create it?


 Why is there so much Debt?

Individuals and families in the UK have a total of £1,170 billion of debt. But who did we borrow all this money from?


House Prices – Why are they so high?

Thought it was because there’s too many people and not enough houses? This  video explains why house prices are really so high…


10 Year Old Explains Where Money Comes From

Watch this to understand why  the government is trying to solve a debt crisis by encouraging people to borrow even more.


Could these 3 simple changes to banking fix the economy?

More stable economy, with more jobs, less personal and government debt… This video explains how 3 simple changes to the way that money and banking works would make all this (and much more) possible.


How to waste £375 billion

In the years following the financial crisis, the UK wasted £375bn on a failed scheme to stimulate the economy and end the recession. This was one of the biggest missed opportunities in history.

Jump directly to the following questions covered in this interview:

Q 1 – Where does money come from?
Q 2 – Is money neutral?
Q 3 – Why is money scarce?
Q 4 – Can this monetary system work sustainably?
Q 5 – Does the financial system need growth?
Q 6 – Why are you interested in monetary-systems?
Q 7 – Do we have just one monetary system at the moment? Like a monopoly?
Q 8 – What would you propose regarding the monetary system?
Q 9 – Are there alternatives to the current monetary system?
Q 10 – Why is there this speechlessness about money-topics?
Q 11a – What kind of behaviour does our money-system create between people?
Q 11b – Does the scarcity of money harm only the poor people?
Q 11c – What does money do to people and their relationships?
Q 12 – How did you discover complementary currencies?
Q 13 – Did the knowledge of complementary currencies effect your life?
Q 14 – What do you think your co-author Margrit Kennedy achieved in regard to monetary systems?
Q 15 – Are there changes to this financial system?
Q 16 – What do you think about internet-based currencies like Bitcoin and the new technology Blockchain?
Q 17 – You observed the global financial development for decades. What do you conclude from your experience?
Q 18 – Where do you see practical progress concerning complementary currencies?
Q 19 – What would you propose for countries which are in Euro-crisis like Greece?
Q 20 – If you were in power, what would you do?
Q 21 – What do you think about the Euro?
Q 22 – For which task do we need the Euro?
Q 23 – Could a currency have influence on the question of war or peace?
Q 24 – Are there „currency-wars“ or wars because of currencies?
Q 25 – Does the money-system polarize?
Q 26 – Can a national lead-currency deprive other currencies and nations?
Q 27 – What is the motivation for your work?
Q 28 – Do you like to give a message to the next generation?

Our monneta film team travelled to Brussels to feature Finance Watch, an organisation that has been providing a counter weight to the lobby of the financancial industry since 2011.

Since 2017 monneta is  an organisational member of Finance watch.

„Lassen Sie uns endlich mit einem Fahrrad fahren, das zwei Räder hat!“, sagt Professor Stefan Brunnhuber zur Vision einer Parallelwährung zur Finanzierung der UN-Nachhaltigkeitsziele. Brunnhuber ist unter anderem Wirtschaftssoziologe und Leiter der Expertengruppe für innovativen Finanzstrategien der von Albert Einstein gegründeten Denkfabrik World Academy of Art and Science (WAAS).

Das gesamte Interview mit unserem Netzwerk Experten Stefan Brunnhuber kann auf der Webseite des Tagesspiegels abgerufen werden (kostenlose Registrierung nötig)

Solange wir dem Fehler in unserem Sprachgebrauch aufsitzen, das Wort “Geld” mit konventionellen Währungen – in unserem Fall also dem Euro – gleichzusetzen, werden menschliche Werte sich leider einen anderen Ausdruck suchen müssen.

Geld ist eine abstrakt Idee, die erst durch Währungen in ganz unterschiedlichen Formen ihre real-weltliche Umsetzung findet. Die grundlegende Idee des Geldes ist dabei wertneutral, oder besser: werte-agnostisch. Allgemein gehalten ist Geld erstmal nur ein Einheitensystem, das die Zusammenarbeit von Menschen fördert. Dabei ist aber noch nicht gesagt, um welche Art der Zusammenarbeit es sich handeln soll: mit welchen Zielen, auf Grundlage welcher gemeinsamen Werte, in welcher Gruppe von Menschen.

Erst in der Planung, institutionellen Einbettung und schließlich der Herausgabe von konkreten Währungen werden diese Gestaltungselemente manifest – auch wenn die entsprechenden Fragen dazu allzu selten explizit gestellt und partizipatorisch beantwortet werden.

Unsere heute extrem ausgeprägte Währungs-Monokultur und die Besetzung aller Entscheidungsräume in “Geldfragen” durch konventionelle Ökonomen und Vertretern der Bankenlobby führen zu einem Tunnelblick, der uns die Gestaltungsmöglichkeiten von Geld und Währungen vergessen lässt. Und die Art, wie der Euro oder die übrigen modernen Nationalwährungen umgesetzt sind, wird unsere Wirtschaft und Gesellschaft nur immer weiter von menschlichen Werten entfremden. Soziale Ungleichgewichte, Umweltzerstörung, Finanzkrisen – im konventionellen Währungs-Design ist das leider alles vorprogrammiert. Aber Geld geht auch anders! Komplementäre Währungen helfen sowohl unseren kollektiven blinden Fleck zu verkleinern als auch Wirtschaft wieder so zu diversifizieren, wie es unseren mannigfaltigen menschlichen Werten und Zielen angemessen ist.

(Dieser Artikel erschien zuerst im Evolve Magazin 3/2019 „Was Geld mit uns macht – Fluch und Segen einer menschlichen Erfindung“, Seite 73. Die dieser Position zugrundeliegende Doktorarbeit (auf Englisch) kann hier als PDF heruntergeladen werden)