TEDxFlanders - Bernard Lietaer - design and implementation of currency systems

Bernard Lietaer is an monetary architect, author and international expert in the design and implementation of currency systems. He was one of the designers of the Euro. He has studied and worked in the field of money for more than 30 years in an unusually broad array of capacities ranging from Central Banker, fund manager and university professor to consultant.
Why listen to him?
Throughout his life, Bernard Lietaer has been looking for the ultimate leverage to improve all systems in life. He discovered that money holds the answer. It is a key acupuncture point when it comes to addressing most things we human beings care about, such as having access to good quality health care, nutrition, housing, education and participating meaningfully in the life of our communities through work we enjoy.
As an experienced and internationally renowned consultant in monetary aspects, ranging from multinational corporations to developing countries, Bernard enlightens the structural issues of the ongoing economic crisis and offers some clear solutions.
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Bernard Lietaer is currently a Research Fellow at the Center for Sustainable Resources at the University of California in Berkeley, and is co-founder of ACCESS Foundation, an educational non-profit whose objective it is to communicate best practices in the domain of complementary currencies.

[@robertmoffat5149]

What's revolutionary about Lietaer's work is it is not Marxist or anticapitalist as most criticism of the hegemonic system is today.
It's 'complimentary' as he accurately calls it.
Therefore not in any way polarizing itself towards capitalism.

[@davidgmillsatty1900]

The true government currency (not a bank currency) of the United States (other than its coins) is called a bill of credit in the US Constitution. Only the federal government can issue bills of credit under the Constitution. States are forbidden from issuing bills of credit. What makes them work is that they are essentially circulating tax credits, good for the payment of all taxes in the US: federal, state, county and municipal. They are also good for paying all fines and penalties due any of these governments.
Lincoln issued them as "greenbacks" and won the civil war with them. He paid his soldiers, and his suppliers and government employees. At the time the banks wanted very high interest to lend to the US government (the preservation of the union was in doubt and there was a chance the government notes might be worthless; hence interest banks wanted was 24 to 36%) and the US did not have an income tax then. Lincoln had no way to fund the civil war. Issuing bills of credit was the only option he had and with them he was able to save the union.
And the Supreme Court later said not only was Congress able to issue them because they were essentially like coins on paper, but also it was part of Congress' war powers. To be truly sovereign, you need to be able to issue bills of credit in times of national crisis.
The US Constitution allows them, but we have had very few in circulation. Lincoln issued $450 million worth of greenbacks during the 1860's but by twenty years later they were all recalled. The average net worth of an American in 1865 was $50 per capita. Twenty years later it was $5. Since that time very few Bills of Credit have been issued by the federal government.
All sovereign governments badly need bills of credit. All people other than the very wealthy need bills of credit.

[@jessedampare1379]

I also watched money masters and it was really good

[@marlonortz100e]

@sachamm a complementary currency isn't only a local currency, a complementary currency is a powerful tool to increase the resilience of a complex network

[@Claudio-gt4tn]

what the xxxx is wrong with slides-showing???!!!

[@maddict09]

You clearly did not get the whole picture. All charity, the complete social welfare and care system can be used to make ECO's. The people who are used to make money and are best at that will continue to do so. They just pay half of their taxes by paying the other people who mainly made ECO's. That is the trick, so it IS a systemic solution.

[@goldenphoenixpublish]

Imagine this: "Arte-Dinero" -- say someone is an artist. They paint/stitch a wallet-sized piece of unicorn buckram with "art". There's no currency denominator on the cloth. They take it to a farmer's market and trade it for two dozen eggs. The egg-seller places the artwork in their purse or wallet and trades it for a sack of wheat to feed the chickens. And so on... Notice that 'arte-dinero' is worth whatever someone is willing to exchange it for. On one end of the scale a chinese factory is cranking out Yen-bucks by the millions. van Gogh does "Starry Night". van Gogh trades his "arte-dinero" for a house worth 500,000 Chinese Yen-bucks. It's as simple as that... "No more starving artists!"

[@kingofthepaupers]

14:00 Bernard The Banker wants an "ecology of currencies."
Jct: John The Engineer likes one global time-based currency denominated in Hours, not a whole ecology of different currencies I have to search my wallet to use. One currency that works everywhere is optimum efficiency. When will Bernard not get it backward?