Thomas H Greco says: This is an excellent video—clear, concise and accurate.
The new film ‘A Flaw in the Monetary System?’ depicts in 7 ½ minutes consequences of interest and compound interest in the financial world in descriptive graphics. It illustrates the systematic redistribution of money from the majority to the wealthy.
Video Embedded Below the Fold
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A paper describing an alternative view on money for a UN initiative…
Re-imagining Money to Broaden the Future of Development Finance: What Kenyan Community Currencies Reveal is Possible for Financing Development
Grassroots economics, in a context of a community of micro-entrepreneurs, uses a Collaborative Credit System (CCS) in which members issue interest free credit to each other. This is similar to how most national currencies are created, yet it is done peer-to-peer, without the involvement of banks.
Stephen E. Arnold
Bank Exports IT to India
Despite falling out of interest with the mainstream media, jobs are still being outsourced to Asia. Citizens Bank is having their current IT employees train their replacements in a “knowledge transfer” and they will be terminated come December. . . . Citizens Bank signed a five-year services contract with IBM for IT services. IBM owns a large scale IT services company in India, which pays its workers a fraction of the current Citizens Bank IT workers.
There is No Such Thing as Cheap Food
Taking these costs into account is essential; the economic cost of global environmental degradation from industry is estimated at US$2 to US$5 trillion per year. TCA has the potential to make industrial food production seem unreasonably harmful and expensive and make sustainable food production seem not only necessary, but affordable.