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
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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
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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
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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
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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 DebtGood 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 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
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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