I wrote and published this article in December 2008, in the 'Roblog', which was my first Drupal blog, pre-dating ManchesterPermaculture.Net. Although the content is 3 years old, it is even more relevant now, and I encourage you to follow the links I suggest below, and learn as much as you can about monetary reform issues. PositiveMoney.Org.UK is an organisation that did not exist when I wrote this, but is doing an excellent job of researching and disseminating the issues I touch on in this article. You can watch their latest video productions in the Permaculture TV section of this web site.
Recently, I have been collecting data on UK bank interest rates, inflation, population, debt, house prices, and other critical economic indicators, dating back to 1750. I intend to publish these on this web site soon, to give an overview of the key economic issues we face, and an extent of the problem. Much of the thinking here stems from Chris Martinson's Crash Course (see link below), which despite being North American, is equally applicable to Britain. Watching this will give you a good understanding of why the world economy has gone pear shaped in the way that it has. I am also in the process of writing an article called Bringing on the Post-banker Economy, in which I will explore many existing solutions that enable us to trade without using the banker's money, and to save our wealth without fear of it being lost or stolen from us by the banks.
We live on a finite planet with finite resources, and it is obvious that there are limits to growth - limits to the rate at which the global economy can grow, and consume the world's resources. We live in an era of unparalleled economic growth, and nobody seems to be doing anything to stop it, and the Earth is being eaten alive. To save the Earth, we must stop economic growth. To do this monetary reform is desperately needed, and the video and web links in this article will tell you why.
Wake Up, Freak Out - then Get a Grip, is an excellent animation which shows how untethered economic growth and consumption, are pushing the Earth dangerously close to tipping point - beyond which climate change will be devastating and unstoppable.
There is nothing wrong with money per se, which if designed as a tool for the benefit of all, can measure and store value, and facilitate exchange and the development of society. The problem is the actual monetary system that is being implemented around the world, called fractional reserve banking. With fractional reserve banking, the economy has to grow - there is no way that it cannot, because this is the way that the system has been designed. I am not going to try and explain why right now, just suspend your belief for a few moments and read on - several of the video links below do an excellent job of explaining why the economy has to grow within the fractional reserve banking regime.
According to the World Bank, just 227 families own 47% of the world's wealth. The monetary system has been designed to benefit the elite, who are systematically using fractional reserve banking as a mechanism to steal property and assets from the vast majority. This monetary system is also systematically destroying the environment, as it continues to grow the planet is being eaten alive. However, just as the modern monetary system has been designed to benefit the financial elite, it is equally as possible to design currency systems that benefit the masses, and support life on Earth. I worked for nearly ten years developing mutual credit systems, which are a form of community currency, which does not intrinsically result in economic growth, and is generally supportive of social and ecological systems. There are many examples and designs of healthy currency systems, and I have provided some further links below, so you can research these.
Just as money per se is not the problem, neither is economics, either the problem or the solution. Of course we all desire good economics, and good economists, in order that wealth and resources can be deployed equitably amongst the World's populations. However the chances of this happening are hopeless within the regime of the fractional reserve monetary system. The problem is that economists do not consider the design of the monetary system itself, but focus on trying to find solutions within the system which is fundamentally unsustainable and unjust by design. They are destined to fail!
The fractional reserve banking system is the problem, and monetary reform is the solution. 'The Matrix' by Paradox, is a radical film-poem that describes with flare, the injustices that are built into the current monetary system.

All of the video resources above (apart from Paradox) are North American. Not that there is anything wrong with North American's but I would really like to find British people who are producing similar stuff. If we are to appeal to the British public, and mobilise the people to Stop Economic Gowth and reform the monetary system, then we really need research and high quality video material that is relevant to people in this country.

"Never doubt that a small group of thoughtful committed citizens can change the world. Indeed it's the only thing that ever has"
Margaret Mead, (1901-1978) noted American anthropologist and writer.
LETS Promo
This is a 5 minute film about LETS (Local Exchange Trading Systems) that I made in Hulme, Manchester in 2002 with local film maker Andy Lawrence (www.psychicbread.org). The film features interviews of Michael Linton, the original designer of the LETSystem, and author and community economist Thomas Greco. It also features visuals of Hulme, and music by Manchester band, Lamb. Note the "Hulme High Street" sign, which is actually an asda carpark. This is symbolic of the disfunctional nature of the Hulme local economy. LETSystems are interest free community currencies, sometimes called mutual credit systems. They offer an alternative to the current debt based fiat monetary systems.
Scottish Monetary Reform
Debt & Deception published here, is a short, no frills booklet describing how the banking system has come to dominate the life of Joe Public and his democratic government. It presents to you an understandable and practical proposal for banking reform. It was written two years ago but is even more apposite today. All that has been added is a short FOREWORD relating to public and political opinion now that the present system is in disarray – perhaps terminally so.
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