Home Finance A Systemic Problem — Explaining the Money System

A Systemic Problem — Explaining the Money System

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[Editors Note: Bernard Lietaer passed away nine days ago, aged 76, on the 4 February, 2019. He was the author of “The Future of Money: Beyond Greed and Scarcity” and “New Money for a New World.” He was active for nearly 40 years in  money systems. His post-graduate thesis was at MIT in 1971 (which included a description of “floating exchanges”) and the Nixon Shock which eradicated the Bretton Woods system.]

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  1. Globalresearch.ca says the Letter to US People by Maduro of Venezuela is being boycotted by the MSM. Dated Feb. 10, 2019. I will run it here.

    Maduro to Americans: You Are Bigger than Trump, Don’t Let Him Start A ‘Vietnam’ War Against Venezuela

    “I am not a tycoon, I am a worker of reason and heart, today I have the great privilege of presiding over the new Venezuela, rooted in a model of inclusive development and social equality, which was forged by Commander Hugo Chávez since 1998…

    “We live today a historical trance. There are days that will define the future of our countries between war and peace. Your [people] Washington want to bring … the same hatred that they planted in Vietnam. They want to invade and intervene in Venezuela – they say, as they said then – in the name of democracy and freedom. But it’s not like that. The history of the usurpation of power in Venezuela is as false as the weapons of mass destruction in Iraq. … but it can have dramatic consequences for our entire region….

    “I address these words to the people of the US to warn of the gravity and danger … President Donald Trump also intends to disturb noble dialogue initiatives promoted by Uruguay and Mexico with the support of CARICOM for a peaceful solution…”

    • The problem with capitalism is that the vast majority of the money ends up in the hands of a tiny few who get big headed, consider themselves elite and therefore have the god given right to rule the world.

      IMO a good mix of both is best

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