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Money is like an iron ring we've put through our noses. We've forgotten that we designed it, and it's now leading us around. I think it's time to fig… - Bernard Lietaer
" "Money is like an iron ring we've put through our noses. We've forgotten that we designed it, and it's now leading us around. I think it's time to figure out where we want to go--in my opinion toward sustainability and community--and then design a money system that gets us there.
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About Bernard Lietaer
Bernard Lietaer (7 February 1942 – 4 February 2019) was a civil engineer, economist, author, professor and philosopher who studied monetary systems and promoted the idea that communities can benefit from creating their own local or complementary currency, which circulate parallel with national currencies.
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Additional quotes by Bernard Lietaer
There are three reasons why I believe the current, ongoing monetary initiatives have a better chance of success than ever before: First and foremost, these money innovations are not attacking the official money system. What they do instead is complement the conventional money system, providing new tools that can operate in parallel with it, without replacing it. That is why I call them 'complementary currencies', and not, 'alternative' ones.
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Your money's value is determined by a global casino of unprecedented proportions: $2 trillion are traded per day in foreign exchange markets, 100 times more than the trading volume of all the stockmarkets of the world combined. Only 2% of these foreign exchange transactions relate to the "real" economy reflecting movements of real goods and services in the world, and 98% are purely speculative. This global casino is triggering the foreign exchange crises which shook Mexico in 1994-5, Asia in 1997 and Russia in 1998. These emergencies are the dislocation symptoms of the old Industrial Age money system.
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