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Brexit, the way forward

Post By gaia1 in TFD system



Brexit is a turning point on a global level in the same way that the fall 2008 financial crisis was. Central Banks and their private club of the Bank of International Settlements which would be the first institutions that would find a way out seem to be at a loss for reasons well indicated in Much reflection by them and others has been spent on Brexit’s consequences in Britain, the EU and globally and far less on vision and strategy.

Whatever vision individuals or institutions may have on believable futures, one important element of any strategy for transformational change has to include that the present neoliberal, Western nations’ political center is to be replaced by a globalization process that is not dominated by corporate elites in business and government as is presently the case with WTO, NAFTA and TPP. It is the neoliberal disorder that his to be redesigned, and not by the present designers who are its major beneficiaries. A cogent argument for this approach is made,  among others, by TFF Director Prof. Jan Oberg  TRANSCEND Network for Peace, Development and Environment and be found at Go t Original – and by Noam Chomsky

Part of the new design is to tackle money creation by privately owned banking systems and its affiliates in most central banks and in the Bank of International Settlements (BIS). Money creation which is the sole right and obligation of the public sector has to be reclaimed from the banks  which then would become utilities. It is this issue of money creation or public financing that should be on the BIS’s agenda pushed by citizens organizations such as  in the US, by in the UK, in the Netherlands and others.

In this redesign phase I personally would like to go far beyond the money creation issue which would be a firs important step in global governance redesign. I would like tosee that the unjust, unsustainable and, therefore, unstable international monetary system be transformed by basing it on the carbon standard of specific tonnage of CO2e per person, leading to the emergence of a global central bank and a balance of payments system that counts for both financial and ecological (climate) credits and debts. The conceptual, institutional, ethical and strategic dimensions of such carbon-based international monetary system are presented in Verhagen 2012 "The Tierra Solution: Resolving the climate crisis through monetary transformation" and updated at



The US Tierra Progressive Party

Post By gaia1 in American Monetary Matters

Updated Bull Moose platform for a US 2020 Tierra Progressive Party and Progressive Party Movement
In the June 20-27 Issue of the Nation magazine its Editor-at-Large raised the question “What’s Next for Bernie Sanders’s Grassroots Army?”and he observed that “The campaign may be coming to an end, but its activists plan to keep the revolution alive.”  Using wide-ranging interviews he came up with four organizational forms or approaches to his question. They are: 1. The Occupy Democrats, who see the Democratic Party as ripe for a takeover;  2.  Brand New Congress, an effort launched last month to elect a Congress in 2018 that will “enact Bernie’s program” regardless of who’s in the White House and would use a highly internet-based approach that was used by Lenchner who with his “People for Bernie has had 2.5 billion interactions—shares, posts, comments, Facebook likes; 3. The Working Families Party, which in many states provided the ground troops for the Sanders campaign and is now benefiting from—and struggling to digest—a huge influx of new recruits; 4. The People’s Summit, an alliance of National Nurses United and People for Bernie—the latter a coalition of activists and online groups like Vets for Bernie and Jews for Bernie—that has called a “gathering of the tribes” in Chicago on June 17–19 and represents more of the “movement” elements of the Sanders campaign. The Nation’s at large editor D.D. Guttenplan concludes that “None of these people want Sanders to drop out before the convention or to run with one hand tied behind his back. But the groups do differ—on strategy, tactics, and most of all on their degree of distance from the Democratic Party. Like many divisions on the left, you can also read that as a contest between pessimism of the intellect and optimism of the will.”
On June 2 I proposed a fifth approach which I submitted as follows: “Bernie Sanders’s campaign for social and political transformation which foremost was an idea and vision campaign has attracted millions of people who have put their money where their mouth is. The Nation’s editor at large rendered a service by categorizing the future of the Sanders philosophy into four approaches based upon his wide-ranging interviews.
I would suggest a fifth approach: the establishment by 2020 of a third party to be called the US Progressive Party with a platform that updates Theodore Roosevelt’s 1912 platform His emphasis on economic concentration and other Sanders’s emphases can be updated in this age of globalization. TR’s views on currency or in today’s parlance of money creation are more radical than Sanders’s unclear breaking up banks and should become an integral part of such updated platform.”
It was the 1912 Bull Moose platform stated on Currency that I quoted in another comment in the same Nation I issue when they were discussing Sanders’s banking views. The platform states under "Currency: 
We believe there exists imperative need for prompt legislation for the improvement of our National currency system. We believe the present method of issuing notes through private agencies is harmful and unscientific.
The issue of currency is fundamentally government function and the system should have as basic principles soundness and elasticity. The control should be lodged with the Government and should be protected from domination manipulation by Wall Street or any special interests.
We are opposed to the so-called Aldrich currency bill, because its provisions would place our currency and credit system in private hands, not subject to effective public control."
Personally, I would go a step beyond public banking and would include in the 2020 platform of the US Progressive Party the need for monetary transformation  in which a just, sustainable and, therefore, stable international monetary system would be proposed in this climate-constrained world disorder.  Most of the conceptual, institutional, ethical and strategic dimensions of such carbon-based international monetary system with its monetary standard of a specific tonnage of CO2e per person are presented in Verhagen 2012 "The Tierra Solution: Resolving the climate crisis through monetary transformation" and updated at”
This proposal for the US Tierra Progressive Party and a global Progressive movement informed by the values of the Earth charter and the philosophy of Thomas Berry was submitted to Thomas Palley, AFL-CIO Senior Economic Policy Advisor, for their conference entitled Monetary Policy, Globalization and Security. As background information I added the monetary document on global governance that Stakeholder submitted to the 2012 Earth Summit and the financial PowerPoint presentation to the NGO Committee on Financing for Development at the UN Headquarters. It was pointed out that these documents could also be part of the background  materials for bringing about a global central bank the strategy for which could apply the Hamiltonian principles of repayment, discrimination and assumption.