The International Institute of Monetary Transformation   [ click to return to main site ]   subscribe

Deep rethinking needed

Post By gaia1 in European Union

 Deep Rethinking Needed

April 2, 2013


David Jolly in the NYTimes of April 2, 2013 entitled “Unemployment in Euro Zone Reaches a Record High” cites a lot of statistics showing the dire economic situation in both Euro and other European countries. The sad thing is that the future does not seem to bring realistic improvement in the millions unemployed because of non-working austerity policies.


Though in the short term those European economies can improved by stimulation as opposed to austerity, in the medium and especially in the long term, serious deep rethinking is needed.


Such rethinking should start with some agreement about a basic values framework that would undergird such thinking. A new monetary, financial, economic and commercial edifice cannot be built on the loose sand of unclarified and vague values.


It is such value frame work of sustainable communities in the global North and South that is presented in 20012 The Tierra Solution proposal. Its value system is a, not necessarily the, value system that would respond to the needs of the global monetary, financial, economic and commercial systems.


A second element beside an explicit value framework for the deep rethinking that is needed is the need for the integration of these global systems, a challenge that was lifted up during the June Rio Earth Summit. The Tierra Solution provides such integration by transforming the world’s most basic system of monetary management. This transformation takes place by basing the international monetary system on a carbon standard, i.e. a very specific tonnage of CO2e per person.



Relocated, but not retired!

Post By gaia1 in IIMT


March 3, 2013

The last three months have been hectic for my and my spouse Anita Wenden in the selling of our Queens cooperative apartment and our Hampton Bays bay front coop and in moving from the City to Chapel Hill in North Carolina. After about 3 weeks of moving into the beautiful continuing care retirement community of Carolina Meadows, I consider myself to be relocated but not retired. Much of the work done in the City will be done now on line in my spacious study that looks out on the Carolina pines and on landscaped bushes and trees frequented by lively birds. Note the new address and telephone numbers in the attached signature file.

I will resume my blogging for IIMT and responding to monetary/financial articles. My pen name for the latter activity is now fcvnycinc, indicating my locaton i(n), n(orth), c(arolina). So, in googling my internet contributions after 2013 the longer 9 letter term has to be used. I also plan to become a regular contributor to several magazines, basically focusing one the ten chapters of The Tierra Solution. I also plan to produce a dozen UTube videos that would present The Tierra Solution.

Any assistance in carrying out the enormous challenge of The Tierra Solution—which is well described in the two unsolicited reviews of the book on—would be most welcome.

Frans C. Verhagen, M.Div., M.I.A., Ph.D., sustainability sociologist,

Adjunct Associate Professor Sustainable Communities at Pace University, NY (2009-13)

Founding President, International Institute for Monetary Transformation (IIMT) (2008-present)

Sustainability Fellow at the Green Institute in Washington, D.C.


UN ECOSOC representative for the International Peace Research

 Association (IPRA) (2000-2013)

Director, Sustainability Research and Education

Earth and Peace Education International (EPE), (1998-present),,

327 Carolina Meadows Villa, Chapel Hill, NC 27517, USA
voice: 1+ (919-240-7164); fax 1+(919-240-7164); cell 1+(917-617-6217); Skype: fcvnyc,;;


“The intuitive mind is a sacred gift and the rational mind is a faithful servant.  We have created a society that honors the servant and has forgotten the gift”

Albert Einstein