GoodFestival in Lausanne, invitations

Migros, one of the biggest swiss cooperative, belongs to the swiss people, why not the Swiss National Bank and the billions of the swiss francs illegal creation out of nothing by commercial banks?


BILL TO CORRECT MONEY CREATION IN USA IS PASSED BY HOUSE BY 289 VOTES TO 60; Goldsborough Measure Directs Reserve Board to Control Credit and Currency. 

This is an impressive document.  It articulates policy without specifying details.  It articulates:

1.       A sound rationale in its preamble for its authority to do so and concise reasons why it is needed – i.e. the precise cause of the gap.
2.       A restatement of Douglas’s principle that the purpose of production is consumption and that the best system is the one that gets goods into the hands of consumers as, when and if needed at the lowest possible cost.
3.       The basic framework for government administration departments is given;  Federal Credit Commission (FCC) and issue of debt-free money under the Treasury.
4.       Defines the just price mechanism by which the compensated price discount shall be calculated.
5.       The mandate to ensure no more credit is issued than can be supported by social credit – i.e. national productivity.
6.       A provision is made for dividends under the guidance of the FCC so that it can be properly factored with the compensated price (CP) in order to meet the policy objective of not causing inflation.
7.       Discount only applicable to consumers.

… more, 

https://drive.google.com/file/d/0B-p0lmjLtiXzdTRGV05TSmw0dmx1QlRfM1BnRU1PMDEwd3Jv/view?usp=sharing

Winston Churchill summed it up so well:
“Who would have thought that it would be easier to produce by toil and skill all
the most necessary or desirable commodities than it is to find Consumers for
them? Who would have thought that cheap and abundant supplies of all the basic
commodities would find the science and civilization of the world unable to utilize
them? Have all our triumphs of research and organization bequeathed us only a
new punishment: the Curse of Plenty? Are we really to believe that no better
adjustment can be made between supply and demand? Yet the fact remains that
every attempt has failed. Many various attempts have been made, from the
extremes of Communism in Russia to the extremes of Capitalism in the United
States. They include every form of fiscal policy and currency policy. But all have
failed, and we have advanced little further in this quest than in barbaric times.
Surely it is this mysterious crack and fissure at the basis of all our arrangements
and apparatus upon which the keenest minds throughout the world should be
concentrated.” Winston Churchill (1930)
That “mysterious crack and fissure” is nothing more or less than a flawed cost accounting system that generates costs at a faster rate than it generates the means with which to meet them.  It is truly pitiful that one of his own countrymen, Douglas, had already brought it to the attention of many of the people in high office Churchill worked with, and yet he was so oblivious of, that he made these remarks.  The men who blocked the message to Churchill were the ponerologists of his day – men who were not their brother’s keeper, though they claimed to be so and were elected to do so.  Bob is spot on when he remarks “Today only a dimwit would deny that he got that right.  Alas, we are plagued by dimwits, and social sell-outs, aplenty in the political and economic spheres.”  The thing we are most dim about is the futility of the political process to affect change.  Lunatics are running the asylum.
Nothing will change until a critical mass of humanity wakes up to these basic truths and perceives their obvious fix.  Fill the GAP!  That should be our slogan.  Nothing else matters in relative comparison of importance.  We must help others to see this truth as best we can with the means at our disposal until the critical mass produces the needed combinatorial explosion.  …

We are probably close to half way there right now.  Many more than that know exactly what the problem is – flawed banking lead by greedy sociopaths that want to rule the world.  But few know the fix.  Math gives me hope.


Sincerely, Dean

Douglas’s/the social credit insight is summed up in the dynamically aware phrase “the rate of flow of total costs/prices exceeds the rate of flow of total individual incomes.” In other words the problem is the dynamically dragging to a stop scarcity ratio between costs/prices and individual incomes….and the resolution of that problem is an inversion and transformation of that ratio….into an abundance ratio….

Steve H.

and see below…

and http://www.initiative-monnaie-pleine.ch/english/

Too low incomes for swiss

Swiss national bank figure from 2001 up to Feb.  2017, increase of the balance sheet !

Too low incomes power for swiss citizen and companies !

Switzerland shows a per-capita gap of $78,539.  What is the per-capita gross income?  The following link says it was $35,307 in 2005:
Your table says GDP was $67,821 in 2005.  The gap percentage is thus:
35,307                      x
——–   =             —–
67,821                   100
X = 52.05
Therefore the gap is 47.95% of GDP.  Compare that to the findings of 43% for both the USA and Canada calculated here for 2008:
The numbers look to be in the same ballpark.  Coincidence?

We need dividend and compensated discount.

http://desiebenthal.blogspot.ch/2013/01/dividends-solution-to-distribute-robots.html


Yes, we look forward to welcoming you at 1:30PM, Thursday 26th April to the GoodFestival 4e. Here are the directions re: how to get to GoodFestival – www.goodfestival.ch/directions

And with the GoodFestival 4th Edition 26-29 April 2018 – we are also getting ready to invest 800,000CHF in Good Innovation by offering free tickets to the GoodFestival Event Series and up to 12 months of sponsorship for Good Innovators to raise funds. You can see the full line up on the front page of GoodFestival – www.goodfestival.ch

Request: Please use this opportunity to invite someone who also wants you to succeed at GoodFestival – also for free.

Here are the codes for the GoodFestival Innovator Pass:

For you:

For your guests:
GFA18LWHSK46K
GFA18TK6CZG5B

How it works? It’s simple:

1. Go to – www.goodfestival.ch/tickets
2. Add the Promotional Code
3. Order & Download the “(S1 & S2 & S3 + F1 & F2 & F3) GoodFestival Innovator Pass | 26-27-28 April | Jeunotel & Musée Romain” – for free.

Please do not hesitate to contact me if you have any questions.

Best regards, rajiv

Rajiv Srivastava, Majamba GmbH, La Sarraz, Switzerland | +41 (0) 78 842 0184
www.linkedin.com/in/rajivsri | rajiv@goodfestival.ch

GoodFestival 4th Edition, 26-29 April 2018 | Le Musée Olympique, Musée Romain & Auberge de Jeunesse Lausanne, Switzerland
World’s biggest celebration of sustainable innovation | Apply now for Good100 at www.goodfestival.ch

GoodFestival Program: www.goodfestival.ch/detailed-program

Event Code: S
GoodFestival Summit | 26-27-28 April | Jeunotel

Day 1 | GoodFestival Summit Innovation Jam | Thursday, 26th April

1:30PM to 2:00PM: Registration

2:00PM to 6:00PM: Keynote Speakers and Innovator introduction.
:: René Longet: “Innovators for tomorrow, creating a sustainable world”
:: Mary Mayenfisch-Tobin: “Teaching Human Rights in a Business context – Let’s all create the world we need!”
:: Marc Checkley: “Don’t Forget Your Story”
:: Jean-Luc Bressard: “What’s Diversity Got To Do With It?”
:: Nhat Vuong: “What can we do to solve the Water Crisis”
:: Nicolas Sierro: “Blockchain & decentralisation, power back to the people”
:: Prof Ruby Bakshi Khurdi: “Education – A continuous mission for a better Future”
:: Steven Carr: “A real world story: the first 12 months in the life of the Agripreneurship Alliance”
:: Julien Kauer: “The power of food self-sufficiency: how we sensitized 17,000 youth in Western Kenya to raise their living standards”
:: Dr Tanya Murphy: “Building a global startup”
:: Emily Elsner & Valentina S. Velandia: “What do people from different places, genders, etc. bring to projects?”
:: Isabelle Alexandrine Bourgeois: “Joy for the Planet”
:: Meredyth Bowler Ailloud: “An Ethical Business Model Integrating Social and Environmental Costs : High values with low profits”
:: Carlos Alvarez: “The importance of ‘working out loud’ when doing innovation”

6:00PM to 7:00PM: Networking session with food & drinks at Jeunotel.

Day 2 | GoodFestival Summit Innovation Bootcamp | Friday, 27th April

10:00AM to 12:00PM: Campaign development.
:: Dr. Michaël Thémans: “Integrating social impact into EPFL’s ecosystem for promoting innovation”
:: Joëlle Dey-Boada: “Building bridges between worlds”
:: Group work

12:00PM to 1:00PM: Networking lunch

1:00PM to 6:00PM: Campaign development continued.
:: Elaine France: “Empowering you to be an optimistic agent of change in today’s world” (placeholder topic)
:: Alessandra Wutholen: “Service exchanges on the internet & their impact on society”
:: Briac Barthes: “The power of light”
:: Group work

6:00PM to 7:00PM: Networking session with food & drinks at Jeunotel.

Day 3 | GoodFestival Summit Innovation Pitch |Saturday, 28th April

10:00AM to 12:00PM: Campaign development continued.
:: Benedikt Schwartz: “Sustainable growth strategies & global development”
:: Morli Mathys: “Reinventing Organizations: top-down, bottom-up, or inside-out approach”
:: Gaëtan Rossier: “How can we get more people to help us do good.”
:: Group work

12:00PM to 1:00PM: Networking lunch

1:00PM to 6:00PM: Pitch to win the PremaGyan Good100 Medal and invitation to GoodFestival Awards.
:: R. Max Behesht (Jury)
:: Jack Church (Jury)
:: Elaine France (Jury)
:: Alessandra Wutholen (Jury)
:: Rajiv Srivastava (Jury)

6:00PM to 7:00PM: Networking session with food & drinks at Jeunotel.

Event Code: F
GoodFilmFestival | 26-27-28 April | Musée Romain and Jeunotel

Day 1 | Thursday, 26th April
6:00PM to 7:00PM: Networking session with food & drinks at Jeunotel.
7:00PM to 8:00PM: “Time to Choose” by Tom Dinwoodie and “Powerless” by Deepti Kakkar & Fahad Mustafa at Musée Romain, Theatre 1 & 2
8:00PM to 9:00PM: “Salero” by Mike Plunkett and “The Hope Bearers-Burma” by Jane Schinasi at Musée Romain, Theatre 1 & 2
9:00PM to 10:30PM: Discussion

Day 2 | Friday, 27th April
6:00PM to 7:00PM: Networking session with food & drinks at Jeunotel.
7:00PM to 8:00PM: “Terms and Conditions May Apply” by Cullen Hoback and “Solar Mamas – Why Poverty?” by Mona Eldaief & Jehane Noujaim at Musée Romain, Theatre 1 & 2
8:00PM to 9:00PM: “Hombre Eléctrico” by Alvaro Muñoz Rodríguez and The “E-Waste Tragedy” by Cosima Dannoritzer at Musée Romain, Theatre 1 & 2
9:00PM to 10:30PM: Discussion

Day 3 | Saturday, 28th April
6:00PM to 7:00PM: Networking session with food & drinks at Jeunotel.
7:00PM to 8:00PM: “Poverty, inc.” by director, Michael Matheson Miller, and producer, Mark Weber and “Rwanda’s Power” by Carina Freire and produced by FIFEL at Musée Romain, Theatre 1 & 2
8:00PM to 9:00PM: “Joy for the Planet” by Isabelle Alexandrine Bourgeois and “Anote’s Ark” by Matthieu Rytz at Musée Romain, Theatre 1 & 2
9:00PM to 10:30PM: Discussion

Event Code: B
Brainstorm4Good | Saturday, 28 April | Jeunotel
2:00PM to 2:30PM: Check-in
2:30PM to 5:30PM: Brainstorming and Pitching session to win the PremaGyan Good100 Medal and invitation to GoodFestival Awards.
6:00PM to 7:00PM: Networking session with food and drinks at Jeunotel.

Event Code: W1
:: Gretel Gambarelli: “Profit for Good: Improve your Business Model” | Friday, 27 April | Musée Romain
9:00AM to 9:30AM: Registration
9:30AM to 12:30PM: Workshop
12:30PM to 1:30PM: Networking lunch

Event Code: W2
:: Guler Kizilenis: “Provoke your potential, creativity and fulfil your Dreams” | Friday, 27 April | Musée Romain
9:00AM to 9:30AM: Registration
9:30AM to 12:00PM: Workshop
12:00PM to 1:00PM: Networking lunch

Event Code: W3
:: Flavia Spasiano: “Giving & Receiving Feedback: Let’s grow together” | Friday, 27 April | Musée Romain
2:00PM to 2:30PM: Registration
2:30PM to 6:00PM: Workshop
6:00PM to 7:00PM: Networking session with food and drinks at Jeunotel.

Event Code: W4
:: Biliana Vassileva: “Maximising the Positive Impact of Failures on Your GoodBusiness” | Friday, 27 April | Musée Romain
2:00PM to 2:30PM: Registration
2:30PM to 6:00PM: Workshop
6:00PM to 7:00PM: Networking session with food and drinks at Jeunotel.

Event Code: W5
:: Sarah Krebs & Christophe Guinand: “Live an experience related to your senses” | Saturday, 28 April | L’Assise, Avenue de Cour 103 – 1007 Lausanne
10:00AM to 10:30AM: Registration
10:30AM to 12:00PM: Workshop
12:00PM to 1:00PM: Food testing experience in 3 acts

Event Code: W6
:: Alain Cayrol, Anne-Brigitte de Courten and Angela Steck: “Emotions, your keys to success and well-being” | Saturday, 28 April | Musée Romain
2:00PM to 2:30PM: Registration
2:30PM to 6:00PM: Conference session

Event Code: A
GoodFestival Awards | Sunday, 29 April | Secret Location

1:30PM to 2:00PM: Check-in

2:00PM to 2:50PM: Keynotes & Medal Ceremony (1)
:: R. Max Behesht: “Dealing With Massive Adversity – Innovator Style”
:: Silvia Baumann: “Small is beautiful. A drop in the ocean that matters”
:: Juergen Mueller: “How to remain happy in a busy business world”
:: Medal Ceremony

2:50PM to 4:20PM: Film 1: “Anote’s Ark” by Matthieu Ritz (will join via Skype)

4:20PM to 4:50PM: FIFEL Showcase:
:: Prof Daniel Favrat, President of the FIFEL
:: Natalia Signoroni, Director FIFEL
:: Carina Freire, Director of Rwanda Power
:: Teresa Salinas, Producer of Hombre Eléctrico
:: Deepti Kakkar, Director Powerless (Video Testimony)
:: EPFL Students Association MESSAA Presentation of the platform CINEnergy world.

4:50PM: Water and Fruit break

5:00PM to 6:30PM: Film 2: Poverty, Inc. by director, Michael Matheson Miller, and producer, Mark Weber

6:30PM to 7:00PM: Closing keynotes and Medal Ceremony inc. GoodFilmFestival Award (2)
:: Carlos Brito Suisse: “What meanings are given to happiness and good today?”
:: Nadine Reichenthal: “You can’t plant and harvest ON the same day!”
:: Medal Ceremony

7:00PM to 8:00PM: After party with tea, coffee and cakes.

Event Code: S
GoodFestival Summit | 26-27-28 April | Jeunotel
Day 1 | GoodFestival Summit Innovation Jam | Thursday, 26th April
1:30PM to 2:00PM: Registration
2:00PM to 6:00PM: Keynote Speakers and Innovator introduction.
:: René Longet: “Innovators for tomorrow, creating a sustainable world”
:: Mary Mayenfisch-Tobin: “Teaching Human Rights in a Business context – Let’s all create the world we need!”
:: Marc Checkley: “Don’t Forget Your Story”
:: Jean-Luc Bressard: “What’s Diversity Got To Do With It?”
:: Nhat Vuong: “What can we do to solve the Water Crisis”
:: Nicolas Sierro: “Blockchain & decentralisation, power back to the people”
:: Prof Ruby Bakshi Khurdi: “Education – A continuous mission for a better Future”
:: Steven Carr: “A real world story: the first 12 months in the life of the Agripreneurship Alliance”
:: Julien Kauer: “The power of food self-sufficiency: how we sensitized 17,000 youth in Western Kenya to raise their living standards”
:: Dr Tanya Murphy: “Building a global startup”
:: Emily Elsner & Valentina S. Velandia: “What do people from different places, genders, etc. bring to projects?”
:: Isabelle Alexandrine Bourgeois: “Joy for the Planet”
:: Meredyth Bowler Ailloud: “An Ethical Business Model Integrating Social and Environmental Costs : High values with low profits”
:: Carlos Alvarez: “The importance of ‘working out loud’ when doing innovation” 
6:00PM to 7:00PM: Networking session with food & drinks at Jeunotel.
Day 2 | GoodFestival Summit Innovation Bootcamp | Friday, 27th April
10:00AM to 12:00PM: Campaign development.
:: Dr. Michaël Thémans: “Integrating social impact into EPFL’s ecosystem for promoting innovation”
:: Joëlle Dey-Boada: “Building bridges between worlds”
:: Group work
12:00PM to 1:00PM: Networking lunch
1:00PM to 6:00PM: Campaign development continued.
:: Nicolas Pelletier, CFA: “How can we accelerate impact investing to support water entrepreneurs all over the world?”
:: Elaine France: “Empowering you to be an optimistic agent of change in today’s world” (placeholder topic)
:: Alessandra Wutholen: “Service exchanges on the internet & their impact on society”
:: Briac Barthes: “The power of light”
:: Group work
6:00PM to 7:00PM: Networking session with food & drinks at Jeunotel.
Day 3 | GoodFestival Summit Innovation Pitch |Saturday, 28th April
10:00AM to 12:00PM: Campaign development continued.
:: Benedikt Schwartz: “Sustainable growth strategies & global development”
:: Morli Mathys: “Reinventing Organizations: top-down, bottom-up, or inside-out approach”
:: Gaëtan Rossier: “How can we get more people to help us do good.”
:: Group work
12:00PM to 1:00PM: Networking lunch
1:00PM to 6:00PM: Pitch to win the PremaGyan Good100 Medal and invitation to GoodFestival Awards.
:: R. Max Behesht (Jury)
:: Jack Church (Jury)
:: Elaine France (Jury)
:: Alessandra Wutholen (Jury)
:: Rajiv Srivastava (Jury)
6:00PM to 7:00PM: Networking session with food & drinks at Jeunotel.
Event Code: F
GoodFilmFestival | 26-27-28 April | Musée Romain and Jeunotel
Day 1 | Thursday, 26th April 
6:00PM to 7:00PM: Networking session with food & drinks at Jeunotel.
7:00PM to 8:00PM: “Time to Choose” by Tom Dinwoodie and “Powerless” by Deepti Kakkar & Fahad Mustafa at Musée Romain, Theatre 1 & 2
8:00PM to 9:00PM: “Salero” by Mike Plunkett and “The Hope Bearers-Burma” by Jane Schinasi at Musée Romain, Theatre 1 & 2
9:00PM to 10:30PM: Discussion 
Day 2 | Friday, 27th April 
6:00PM to 7:00PM: Networking session with food & drinks at Jeunotel.
7:00PM to 8:00PM: “Terms and Conditions May Apply” by Cullen Hoback and “Solar Mamas – Why Poverty?” by Mona Eldaief & Jehane Noujaim at Musée Romain, Theatre 1 & 2
8:00PM to 9:00PM: “Hombre Eléctrico” by Alvaro Muñoz Rodríguez and The “E-Waste Tragedy” by Cosima Dannoritzer at Musée Romain, Theatre 1 & 2
9:00PM to 10:30PM: Discussion 
Day 3 | Saturday, 28th April 
6:00PM to 7:00PM: Networking session with food & drinks at Jeunotel.
7:00PM to 8:00PM: “Poverty, inc.” by director, Michael Matheson Miller, and producer, Mark Weber and “Rwanda’s Power” by Carina Freire and produced by FIFEL at Musée Romain, Theatre 1 & 2
8:00PM to 9:00PM: “Joy for the Planet” by Isabelle Alexandrine Bourgeois and “Anote’s Ark” by Matthieu Rytz at Musée Romain, Theatre 1 & 2
9:00PM to 10:30PM: Discussion 
Event Code: B
Brainstorm4Good | Saturday, 28 April | Jeunotel
2:00PM to 2:30PM: Check-in
2:30PM to 5:30PM: Brainstorming and Pitching session to win the PremaGyan Good100 Medal and invitation to GoodFestival Awards.
6:00PM to 7:00PM: Networking session with food and drinks at Jeunotel.
Event Code: W1
:: Gretel Gambarelli: “Profit for Good: Improve your Business Model” | Friday, 27 April | Musée Romain
9:00AM to 9:30AM: Registration
9:30AM to 12:30PM: Workshop
12:30PM to 1:30PM: Networking lunch
Event Code: W2
:: Guler Kizilenis: “Provoke your potential, creativity and fulfil your Dreams” | Friday, 27 April | Musée Romain
9:00AM to 9:30AM: Registration
9:30AM to 12:00PM: Workshop
12:00PM to 1:00PM: Networking lunch
Event Code: W3
:: Flavia Spasiano: “Giving & Receiving Feedback: Let’s grow together” | Friday, 27 April | Musée Romain
2:00PM to 2:30PM: Registration
2:30PM to 6:00PM: Workshop
6:00PM to 7:00PM: Networking session with food and drinks at Jeunotel.
Event Code: W4
:: Biliana Vassileva: “Maximising the Positive Impact of Failures on Your GoodBusiness” | Friday, 27 April | Musée Romain
2:00PM to 2:30PM: Registration
2:30PM to 6:00PM: Workshop
6:00PM to 7:00PM: Networking session with food and drinks at Jeunotel.
Event Code: W5
:: Sarah Krebs & Christophe Guinand: “Live an experience related to your senses” | Saturday, 28 April | L’Assise, Avenue de Cour 103 – 1007 Lausanne
10:00AM to 10:30AM: Registration
10:30AM to 12:00PM: Workshop
12:00PM to 1:00PM: Food testing experience in 3 acts
Event Code: W6
:: Alain Cayrol, Anne-Brigitte de Courten and Angela Steck: “Emotions, your keys to success and well-being” | Saturday, 28 April | Musée Romain
2:00PM to 2:30PM: Registration
2:30PM to 6:00PM: Conference session


Event Code: A
GoodFestival Awards | Sunday, 29 April | Secret Location
1:30PM to 2:00PM: Check-in
2:00PM to 2:50PM: Keynotes & Medal Ceremony (1)
:: R. Max Behesht: “Dealing With Massive Adversity – Innovator Style”
:: Silvia Baumann: “Small is beautiful. A drop in the ocean that matters”
:: Juergen Mueller: “How to remain happy in a busy business world”
:: Medal Ceremony
2:50PM to 4:20PM: Film 1: “Anote’s Ark” by Matthieu Ritz (will join via Skype)
4:20PM to 4:50PM: FIFEL Showcase:
:: Prof Daniel Favrat, President of the FIFEL
:: Natalia Signoroni, Director FIFEL
:: Jose Hoyos, Ingenieur en énergie et technique de l’environnement à la Direction de l’Energie, Etat de Vaud
:: Carina Freire, Director of Rwanda Power
:: Teresa Salinas, Producer of Hombre Eléctrico
:: Deepti Kakkar, Director Powerless (Video Testimony)
:: EPFL Students Association MESSAA Presentation of the platform CINEnergy world. 
4:50PM: Water and Fruit break
5:00PM to 6:30PM: Film 2: Poverty, Inc. by director, Michael Matheson Miller, and producer, Mark Weber
6:30PM to 7:00PM: Closing keynotes and Medal Ceremony inc. GoodFilmFestival Award (2)
:: Carlos Brito Suisse: “What meanings are given to happiness and good today?”
:: Nadine Reichenthal: “You can’t plant and harvest ON the same day!”
:: Medal Ceremony
7:00PM to 8:00PM: After party with tea, coffee and cakes.
Data in english here below and in annexes.
If you want a rough order of magnitude estimate of the gap in your country – as things stand right now – do the following:
1.       Determine the nation’s gross domestic product.  That number represents the sale price of the nation’s goods and services.  This will be your price.
2.       Determine the gross reported income for the nation.  This is going to be the value of A.
3.       From this information B can be computed and that is basically the gap.
4.       To determine how much compensated price + dividend to give each person each year, divide the population into the gap.
Price = A + B
Gap = Price – A
In the USA, this comes to approximately $16,000 for every man, woman and child and in Canada it is approximately $17,000.
Since we don’t trust government statistics to be accurate, we suspect the integrity of these numbers but they are sufficient to put the problem in perspective and make a start.  Another factor that is distorting the numbers is production waste due to “make work” projects, war toys production and planned obsolescence.

A National Balance Sheet

http://alor.org/Library/Bridger%20V%20-%20A%20NATIONAL%20BALANCE%20SHEET.pdf

and/or

Social Credit and National Accounting

http://alor.org/Library/Bridger%20VJ%20-%20Social%20Credit%20and%20National%20Accounting.htm

You will find two outlines of such an accounting system.


More to think from Prof. Joseph Huber



www.sovereignmoney.eu/digital-currency-and-sovereign-money-accounts
you can find various path-breaking contributions to the current discussion about central bank issued digital cash, including an article on
Monetary Workarounds.
Central bank digital currency and sovereign money accounts. Intermediate approaches to sovereign money reform
at
www.sovereignmoney.eu/monetary-workarounds-digital-currency-and-sovereign-money-accounts.

The paper
Split-Circuit Reserve Banking – Functioning, Dysfunctions and Future Perspectives
at
www.sovereignmoney.eu/split-circuit-reserve-banking
gives a condensed account of how the present bankmoney regime on a fractional base of reserves actually works.


Campaign for Monetary Reform – News from Switzerland

Switzerland is politically unique in this regard as the Swiss Constitution provides a political instrument known as the Volksinitiative (Peoples’ Initiative) which enables Swiss citizens to launch an initiative aimed at changing specific provisions within the Swiss Constitution. To do so requires first of all the collection within an 18 month period of 100’000 valid signatures in support of the initiative. Should this hurdle be surmounted, the initiative would then be put to a national vote.
Preparations for the spring launch are well under way, including the draft proposed amendments to the Swiss Constitution. In a nut shell, the proposal extends the Swiss Federation’s existing exclusive right to create coins and notes, to also include deposits.  With the full power of new money creation exclusively in the hands of the Swiss National Bank,  the commercial banks would no longer have the power to create money through lending. The Swiss National Bank’s primary role becomes the management of the money supply relative to the productive economy, while the decision concerning how new money is introduced debt free into the economy would reside with the government. As is evident from the foregoing, the MoMo monetary reform initiative is essentially based on the monetary reform advocated by PositiveMoney.
For those interested in following the developments of the campaign, or who would like to understand the detailed provisions, including those relating to the transition period,  please refer to the campaign website.  The website is in German so language will present a limitation for many of you. Nevertheless, we do encourage you to visit the website and if you have specific questions, to leave a message in English. Someone from the team who speaks English will get back to you. The biggest challenge for the team at this stage of the campaign is to find the needed help and financing for signature collection. The minimum amount of funding required for a successful campaign is estimated to be 400’000 CHF or just over 270’000 GBP. Although, this is a non-UK initaitive, should the MoMo team succeed in putting such a fundamental reform proposal to a national vote, this would be a momentous achievement for the monetary reform movement in Europe and across the globe.  All eyes would be fixed on Switzerland, because success for this small but significant player in the financial arena would inevitably have a ripple effect in other countries.
Deutsch >
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English >
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Ungarisch >

Fantastic news: The debate on money reform goes mainstream! Last week has the leading UK economics commentator, the Financial Times’ Martin Wolf, argued that “the power to create money should be stripped from private banks”. His article has sparked a major debate in the mainstream media and among economists, including Paul Krugman – one of the most influential economists today, in the New York Times. There has been a significant backlash from critiques and many misunderstandings (see below). But it is fantastic that this issue is finally getting attention and is being debated!

1) Financial Times’ Martin Wolf endorses Positive Money’s proposals for reform

Martin Wolf, the chief economics commentator at the Financial Times: “Strip private banks of their power to create money

“Printing counterfeit banknotes is illegal, but creating private money is not. The interdependence between the state and the businesses that can do this is the source of much of the instability of our economies. It could – and should – be terminated.”

The article includes a concise summary of our proposals and a reference to our book Modernizing Money.
 

2) Paul Krugman – New York Times


Paul Krugman, American economist, ranked among the most influential economic thinkers in the world today, has written a commentary on Martin Wolf’s article:

“OK, a genuinely interesting debate on financial reform is taking place. I’m not even sure where I stand. But it’s certainly worth talking about.”

Here you can read our response to his commentary:
A Response to Paul Krugman on “Is Banning Banking the Answer?”


 

3) More debate

Ann Pettifor, Director of Policy Research in Macroeconomics (PRIME), Honorary Research Fellow at the Political Economy Research Centre at City University (CITYPERC) and a fellow of the New Economics Foundation, London:

Here’s our response:
A reply to Ann Pettifor: Why there will be no “shortage of money”


Josh Ryan Collins, Senior Researcher at New Economics Foundation:
Sovereign money: what it is and why it matters (nef)

 

Izabella Kaminska, financial reporter at FT Alphaville discusses the issues in two articles:

Martin Wolf on funny money creation 


Joe Weisenthal, executive editor at Business Insider has written an article with a somewhat misleading title, but addressing the “gross misconception about what a bank does that people tend to have”:

Ban all the banks: Here’s The Wild Idea That People Are Starting To Take Seriously

Our responses coming shortly. Keep an eye on our blogs.

and

http://www.vollgeld-initiative.ch/english/• The Positive Money Proposal, by Andrew JacksonBen Dyson and Graham Hodgson, as of 2 April 2013, 
• Explaining Monetary Reform – Presenting the American Monetary Actbrochure by Stephen Zarlenga, American Monetary Institute.
  Sensible Money  paper on Resolving the Eurozone Debt Crisis. A Guide to Full-Reserve Banking in the Eurozone  (Note: The term full-reserve banking here denotes plain sovereign money in a modern currency system, not 100% reserve).
•  Richard A. WernerHow to End the European Financial Crisis – at no further cost and without the need for further political changes, University of Southhampton, CBFSD Policy Discussion Paper No. 3-12.  
 •  Richard A. Werner,  How to Turn Banks into Financial Intermediaries and Restore Money Creation and Allocation Powers to the State, University of Southhampton, CBFSD Policy Discussion Paper No. 3-12.
• Stephen Zarlenga  on  > The Need for Monetary ReformAmerican Monetary Institute. 
• Towards a Twenty-First Century Banking and Monetary System. Submission to the Independent Commission on Banking , 39 pages, 2011, by Ben Dyson (Positive Money), Tony Graham, Josh Ryan-Collins (New Economics Foundation) and Richard A. Werner (University of Southhampton).
A compact presentation of the British monetary reform approach. Its core components are based on the Huber/Robertson proposal of Seigniorage Reform, and by and large it concurs with the monetary reform concepts of the American Monetary Institute, Monetative Deutschland, Vollgeld Switzerland, and others.
Note: Even though the authors used the term ‘full-reserve banking’ at the time, this is definitely not a 100%-reserve approach, but a plan for fully liquid sovereign money beyond the reserve system, thus a new currency approach, not a bank-liability system anymore.

 A New Currency System for the UK according to Positive Money
The Positive Money System (2013)
in plain English, 28 pages
more technical, 35 pages, by Andrew Jackson, Ben Dyson and Graham Hodgson.

 • Here you can download > Money and Macroeconomic Dynamics, an accounting system dynamics approach to explain the effects of a sovereign-money system, part IV, by Kaoru Yamaguchi, professor of economics and system dynamics, Japan.      



and viewed in the light of the social doctrine of the Church; a study prepared by Alain Pilote on the occasion of the week of study that followed the Congress of the Pilgrims of Saint Michael in Rougemont, September 5-11, 2006. 
The Social Credit idea may raise many questions among our new readers, and one article is certainly not enough to answer all these questions, or to give a clear understanding of the whole concept of Social Credit. Besides, most people simply do not have the time to read long books on the subject. So, here is the solution: the Social Credit proposals explained in 10 lessons, each one being the logical continuation of the previous one.
Louis Even’s masterpiece
All those who appreciate Louis Even’s writings on Social Credit will make it their duty to get this book, a masterpiece of logics and clarity. To the new readers of “Michael”, we strongly recommend this book, which gives, in a simple but brilliant way, the best possible explanations on the new conception of economics that Social Credit represents. You can find on line on this site the complete book (50 chapters plus appendices).
410 pages, 14,5 cm x 21 cm, $20 by mail,
from our Rougemont office
The booklet that caused Louis Even
to understand Social Credit
by J. Crate Larkin
It is this booklet that changed the course of the life of Louis Even and made him a Social Crediter in 1934. “It was a great light on my path,” Louis Even said. This 112-page booklet could change your life too! Order it now! The pricfe is $? by mail (Canada and U,S,A,), and $10 international.
To download the PDF version of this book, click here (or on the picture of the cover of the book) (1,2 Mb)
Two booklets on Social Credit by Louis Even
Qu'est-ce que le vrai Crédit SocialThe first booklet, “What Do We Mean By Real Social Credit?”, explains that Social Credit is not a political party, but a series of principles expressed for the first time by engineer Clifford Hugh Douglas in 1918, and that the implementation of these principles would make the social and economic organism effectively reach its proper end, which is the service of human needs. These principles can be implemented by any political party in office, and there is no need of a “Social Credit Party” in power to have them implemented. This booklet is a must for anyone who wants to study Social Credit for the first time, since it contains a very good summary of Social Credit principles (A Primer of Social Credit), and replies to the more widespread objections to this doctrine.
A sound and efficient financial systemThe second booklet, “A Sound And Efficient Financial System”, is for those who have already some notion of Social Credit, but who want to know more about its practicability and technical aspects. It explains Douglas‘s three basic propositions for a sound financial system, and how they could be implemented: how to achieve a constant equilibrium between prices and purchasing power, how to finance private and public production, the financing of distribution through the social dividend to all, and finally, what would become of taxes in a Social Credit financial system.
Two booklets of 32 pages, 21 x 27 cm
$2.00 each (handling and shipping included)
An exceptional offer: three books on Social Credit
To study the cause of the present financial crisis
And put an end to poverty amidst plenty
It is urgent to start and form study circles in every country of the world to put an end to the present financial crisis and propose a solution that puts the economic and financial systems at the service of the human person. If we don’t take action, we’ll have a world government and the total loss of our freedom. These three books are:
1. The Social Credit proposals explained in 10 Lessons, viewed in the light of the Social Doctrine of the Church (151 pages); a study prepared by Alain Pilote that is used for our seminars on the occasion of the week of study.
2. In This Age of Plenty (410 pages), by Louis Even, a masterpiece of logic and clarity, with over 50 chapters plus appendices.
3. From Debt to Prosperity (112 pages) by J. Crate Larkin. It is this booklet that changed the course of the life of Louis Even and made him a Social Crediter in 1934. “It was a great light on my path,” Louis Even said.
Since our first goal is to spread the news and educate the population, we offer for a limited time, a special price for these three books (the prices given include the shipping):
Social Credit in 10 lessons: 8 dollars
In this Age of Plenty: 15 dollars
From Debt to Proserity: 5 dollars
There is also a better deal for those who wish to order in large quantities:
1 set of the three books: 25 dollars
5 sets (of the three books) 100 dollars
10 sets (of the three books) 175 dollars
And we have a very good deal for those who want to organize study circles: 10 copies of Social Credit in 10 Lessons: 50 dollars; and 90 dollars for 20 copies. Send your cheque or money order to our Rougemont office (1110 Principale St., Rougemont, QC J0L 1M0).
  I have just published a little booklet dedicated to an exploration of the relationship existing between the social doctrine of the Catholic Church and the economic ideas of Major C.H. Douglas.
  While it is not necessary to be a Catholic in order to be a Social Crediter, the very great affinity existing between Catholic social teaching and Social Credit is quite astonishing. They fit together like hand in glove …  a natural consequence, undoubtedly, of the objective truth of both. In brief, all Catholics should, if they are convinced of the technical aspects of the Major’s thought, be ardent Social Crediters.
 The book can be obtained via the CreateSpace e-store and the amazon network:

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