I read the Luxembourg Newspaper today and collected some imprints.
I was surprised by the similarity of the Deutsche Bank buildings and the Twin Towers buildings (which have been demolished by the 911 catastrophe, which let the whole world into deep turbulence).
A thing which attracted my attention that we have these three things happening at the same time:
1. The biggest German bank having huge financial troubles,
2. While ‘economy'(*) is boosting and banking conditions haven’t been better (**)
3. In Italy a government is being formed which might want to leave the euro.
For me the above mentioned combination should be enough for policy makers to be alarmed in a severe way… a financial hurricane might be about. And this might trigger a new ‘system crisis’ (like 2007/2008). Which can hit all society function deeply, this resonates with me like a 911 like crises to come (combined with that Deutsche Bank towers picture).
That is why I suggest to create base economy focused currencies, which is not attached to the debt based currency system. And don’t wait with this, time is ticking… This can make our well being bankcrisis resistent. And maybe with in some decades finally banks or not too big to fail anymore and can go bankrupt in a gentle way (without disrupting society totally).
(*) Economy can be defined in several ways. If we use a definition ‘economy means a sustainable housekeeping’, which the Greek word origin seems to suggest, than our economy is in a very bad situation… See also the difference between iconomy at the one hand and flowconomy or zinconomy in this vision paper.
(**) Banks can borrow money with about zero interest, and set mortgage loans for say 2,5 interest. Each mortgage of 200.000 euro is 150.000 euros (!) income for the bank. (30 years multipled by 5000 euro’s a year, a rough calculation). As far as you don’t know it, this is the main source of bank profits. And one of the sources of rising protest: Why should an institute because it has a monopoly on creating money keep al this money creating profits for itself? It belongs to the people. [Also see positive money website, Stichting Onsgeld in the Netherlands].
I have been working the past days on the website of the Ziny (type) currency: A bankcrisis robust and more senseful currency, we just started a Proof of Concept project. Senseful for one instance that it introduces a financial backbone that has not the need of intrinsic growth in it. Each time you hear about ‘the economic growth has been 2%… etc.’ you can be pretty sure that this means an increase in climate crisis depth. Economic growth always means more earth depletion. What we need is not a growing economy, but a managed shrinking economy, combined with taking care of our basic well being. And I am one of those arguing that this is possible. (Browse through the vision papers here, or read this Ziny Currency flyer [Dutch version available, English version expected with some months] for more arguments and a path towards it).
Maybe, maybe, a next financial crisis will be known in history as the best climate measure possible… But many people suffer from this, especially in the ‘West’. But, maybe, in the long term it will be a release for all those working in sweat shops or coffee acres many hours. And maybe also for those working many hours in a largely – to my opinion – un-senseful economy. Do we work to keep the money system running, or for something else?
We hope for the best, and I hope to inspire you to take action your self, you can make a change,
PS: If you don’t know what to do, you can become a crowdfunding project member of the above mentioned Ziny Proof of Concept. It is open source for all cities, in such, in case of an threatening emergency cities can set up their own base economy guarding currencies within some months or even weeks.
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