GREEN MONEY & POWER

1. GREEN MONEY & POWER Peace - Justice – Democracy - Ecology

2. Economics of Care

3. I am a generalist Bucky Fuller “The behavior of whole systems is unpredicted by the behavior of their parts taken separately.”

4. The Farm Nashville NPJC Green Party Money Connecting tissue

5. Reach one, Teach one!

7. Money Myths Our money is created and issued by the government Banks lend out existing money in time deposits TINA Money is the root of all evil. (it’s the system!) Complementary Currencies & Public Banks Saving money is good for the economy

8. Memes - Facts - Beliefs Money doesn’t grow on trees Money can’t buy you love Money can’t buy you happiness Its only money The rich get richer, the poor get poorer I’m not good with money Money isn’t spiritual Its selfish to want money A penny saved is a penny earned Another day another dollar More money more problems It takes money to make money Don’t think about the money …system.

10. “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” Henry Ford 1863 -1947

11. Revolution? Spinning around and ending up in the same place? NO! We want Solution!

12. WE CARE ABOUT THE SYMPTOMATIC ISSUES Election Fraud WAR Poverty & homelessness Animal cruelty and the 6th Extinction Pollution Racism At the root is the monetary system.

13. Henry David Thoreau "There are a thousand hacking at the branches of evil to one who is striking at the root."

14. “The system is rigged!” Senator Elizabeth Warren

15. First Prime Minister of England, 1844 “The world is governed by very different personages from what is imagined by those who are not behind the scenes.”

16. “History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.” Conspiracy theorist? James Madison1751-1836

17. “Governments make the mistake of giving too much power to the rich…” Aristotle 384 – 322 B.C. Why is money so important?

18. MONEY HAS THE POWER OF LIFE AND DEATHWithout money, people die.

19. Princeton University study: Public opinion has “near-zero” impact on U.S. law. CORRUPTION?

20. Can we regulate it? Architect William McDonough “The need for regulation is always a sign of a faulty system design.“

21. Private Money Money issued for personal gain as interest bearing debt (usury) creates The Economics of Greed Systematically causes: Predatory Competition Endless Growth & Short Term ThinkingConcentration of wealth A Mountain of Debt

22. Debt begins to climb…

23. Public Money Money is issued as a public asset for societies needs and priorities creating The Economics of Care Sharing encouraged Regenerative growth Broad based prosperity No mountain of debt

24. COST PRIVATE MONEYSYSTEM Cost is a penalty, money out of your pocket, that must be paid either through taxes or through a loan from a private commercial bank that creates the money by fiat and lends it to us, which must be paid back with interest, a debt. PUBLIC MONEY SYSTEM Cost is not a matter of how much money we have because the amount needed can be created by fiat. Cost then becomes a matter of what resources, what labor and materials, can we afford to use. Instead of a debt, money is a public asset reconnecting the economy to the ecology.

25. Why is money the third rail for an economists career? Bernhard Lietaer asked Paul, “Why, with all your influence, don’t you tell people how the money system works? Paul replied, “Didn’t they warn you about not touching the monetary system? If you insist on talking about it, it will kill you academically.” The “Nobel” in economics; the prize given by the central bank of Sweden “in honor of Alfred Nobel.” Paul Krugman Because that is where the power is!

26. “It should always be borne in mind money in the form of precious metal remains the foundation from which the credit system, by its very nature, can never detach itself.” The system of private bank debt-money is capitalism's essential feature, and yet, it is completely missing from the study and definition of Capitalism!

27. The Social Management System Mass Schooling Mass Media To limit the range of dialogue and keep people in line.

28. The Medium is the Message “Only the small secrets need to be protected. The big ones are kept secret by public incredulity.” Marshall McLuhan:

29. The debt-money system can be likened to a disease. Treating the symptoms of a disease serves only to mask the disease.

30. What is the economy? goods & services The economy is the exchange of goods and services among people.

31. The exchange of goods and services is facilitated by money. The economy can be viewed as the circulation of money.

32. Who Creates Money? Banks can create credit which we use as money. Government can create money.

33. Money creation 1. Coins The government, via the U.S. mint creates the coins. It can make 4 quarters, which costs 11 cents each to make, takes them to a bank and gets a dollar. That is 56 cents profit for the government per dollar.(“Seigniorage”) Seigniorage: the face value of money minus the cost of production.

34. Money creation 2. Bills Bills, Federal Reserve Notes, are printed by the Federal Bureau of Engraving and Printing. They cost about 11 cents a piece to print and are sold to the Federal Reserve banks for the cost of production, yes, they are sold for 11 cents each! What is worth 11 cents, is now worth $1, or $100. The banking system gets the seigniorage from our paper currency creation, as they provide cash to their customers.

35. Crazy?Corrupt?You decide!But wait, there is more…That is only 3% of the money!

36. Money creation 3. Account money 97% of the money in circulation is account money; existing only as records in computers, not in bills or coins. All account money is created by banks when they make a loan or buy securities. The money for the principle of the loan is created. But not the money for paying the interest! The money for the interest comes from the principle borrowed by someone else. The Fractional Reserve System

37. THE SYSTEM CONCENTRATES WEALTH AND CREATES POVERTY When people cannot pay off their debts... The banks get the collateral.

38. When loan payments exceed loans made the system crashes. CRASHED 470 times since 1970 If your car broke down as often as the financial system you would buy a new one.

39. FOUNDATION OF DEMOCRACY! It was recognized in ancient Greece, 10 centuries before Christ, that the most vital prerogative of a democratic government was to issue the money!

40. The Golden Rule “He who has the Gold rules.” Ideology of Scarcity

41. “Money exists not by nature but by law.” Aristotle 384 – 322 B.C. Banned commodity money

42. The Golden Rule “He who has the Gold rules.” The central political question of civilization has been, who should rule?

43. “Silence is Golden.” 10 Ducats (1621) minted as circulating currency by the Fugger Family[9] Fractional Reserve Banking

44. CAPITALISM Genoa ~ 1492 Antwerp ~ 1531 Amsterdam ~1602 London ~1694 New York ~ 1944 The booms, busts and scams. Tulip 1637 & South Seas 1720

45. 1666 2016 Banks reaped huge profits from war debt, and forced governments to give them their monetary power.

46. The "Glorious Revolution" Prince William III of Orange deposes King James and become King 1688 Gives control of Britain’s monetary system to the privately owned Bank of England 1694

47. The Revolution (1775–1783) “The viability of the colonists to get power to issue their own money permanently out of the hands of the international bankers was the prime reason for the revolutionary war.” Benjamin Franklin

48. “We have won the revolution but we have not won the power.” Salvador Allende 1908 – 1973

49. Democracy betrayed! Early Corruption The Bank of North America 1st Bank of the United States

50. John Adams 1735 – 1826 "There are two ways to conquer and enslave a nation, One is by the sword. The other is by Debt"