credit crisis? cash crumble is the reality!
DESCRIPTION
Twelve slides in response to the Credit Crisis in the 30 slides competition - but after the event and from a UK perspective.TRANSCRIPT
Credit Crisis?
Cash Crumble is the Reality!
See http://tinyurl.com/666rwd from a UK perspective
Sabine K McNeill
Time, Money & Growth
Time is Money
Growth
Green Credit for Green Purposes
Green Credit for Green Growth
Forum for Stable Currencies
Archive Site
Measuring
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
Money & Currencies
Private Currencies
• LETS– Local Exchange Trading S
ystems– 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
Cash & CreditGood 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
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
The National DebtGood Money
• The 3rd Way– Public Credit
Bad Money• Monetary Reform
– Money as Debt video
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 Ratioof the Money Supplyto Ameliorate Climate Change
A Response to the Inquiry of the Treasury Select Committee
into Climate Change and the Stern Review
Sabine K McNeill
OrganiserForum for
Stable Currencies
21a Goldhurst TerraceNW6 3HB
T 020 7328 3701 – M 07968 039 [email protected]
www.greencredit.org.uk
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
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
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
Contact
• sabine at 3dmetrics.co.uk
• http://forumforstablecurrencies.org.uk