Notes of Note from John F. Ince

Here’s a brief description of my new book: Meaningful Money: Innovation at the Intersection of Money, Meaning and Markets – Coming  Out shortly

Money is the most powerful tool ever created by humans.   With nothing more than digital accounting entries, almost 10 trillion dollars of “money” has been created out of thin air by banks.  As a human construct, money ultimately doubles back upon itself and stares itself in the face, like an infinitely reflecting mirror of trust.  Upon this illusion of value, the entire edifice we call the global economy has been built.  It’s an infinitely leveraged system built upon a fragile foundation of debt that blows like sand in the wind.  The debt based capital flows that are the lifeblood of our economy originate somehow, somewhere from within the inner sanctums of imposing temple-like structures at the Fed and in huge commercial banking towers that seem to touch the sky.  The way money is created defines how economic power is distributed in society.  Why do Wall Street bankers receive bailouts and fat green bonuses, while Main Street workers receive default notices and thin pink slips?  The answer is that our current money and banking system concentrates economic power in the hands of a few private, profit-making institutions we call commercial banks.  Their self interest trumps the interests and needs of the rest of society.  There is a better way.  Few of us consider the possibility that we can build a decentralized and democratized money and banking system from the bottom up.  We don’t have to accept an imbalanced, unstable and inequitable money and banking system.  We don’t have to accept financial crises and rising public and private debts that threaten America’s future.  We don’t have to accept banking bailouts, toxic assets and all the rest that goes with the current system.  This issue goes to the heart of the American character and democracy.   Today, dire circumstances are pushing us into uncharted territory.  Our recent financial crises is a clear sign  that we operating with a flawed system, and we need a systemic solution.  There is a world of possibility awaiting us in the midst of our current economic crisis. The key to unlock this hidden potential is a new way of thinking about money.  This book describes powerful innovation taking place today at the intersection of money, meaning and markets.


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Comments on: "My New Book – Meaningful Money: Innovation at the Intersection of Money, Meaning and Markets – Just now proofing final drafts" (1)

  1. Dear John,

    It is easy for me to agree with you.

    It is hard for either, both or all of us with visions of better money to think of the simplest changes that would move us away from debt toward money based on actual output for sale or other rational base.

    I would like to collaborate with you — perhaps as thousands of others would also like to do — my current site is the millionth attempt to present the problem we see and a solution that might work. http://www.supplyanddemand.info
    It is an alias for
    http://www.ustaxreform.us

    It seems to me that the President is as lucky a fellow as ever held the office. He could implement money reform with monetary easing and practically nothing else.

    In all events I hope we can get together for good effect. I know almost all money cranks need to make some money. I really don’t. I have just enough to be free. So my solutions –although they seek cash flows for a reform agenda that needed them, I am not in need of money for personal expenses. This may be a handicap. But I see it as an advantage. I can collaborate with your vision and mine with no need to prefer mine or starve.

    John Gelles
    Your new fan and friend

    P.S. If your blog does not feature post-send editing, to facilitate fewer new posts and more corrected old ones, a forum under your books or page on Amazon would allow such editing.

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