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Nov
11

Resistance and boldness after the Trump election

Post By gaia1 in American Monetary Matters

 Resistance and boldness are needed in these climate-constrained and liminal times where the Trump Administration has almost unlimited power to take the wrong direction, not only in respect to the looming climate catastrophe but also in respect to world governance where winning is to be superseded by cooperative relationship. Wherever possible, resistance to the wrong direction by various  levels of government and private, for profit and non-profit, is paramount during these next four years and this resistance has to start now, particularly in respect to the appointments to transition team.

At the same time boldness is needed to develop a vision that can work after four disastrous Trump years. Such vision could include a radical transformation of both the global financial and monetary systems. The world has to be weaned from the privately owned banking systems, going beyond Dodd/Frank in the direction of public banking where banks with 100% reserves would become utilities, thus  unable to create money.

The world could also start discussing basing the unjust, unsustainable and, therefore, unstable international monetary system on a carbon standard such as a specific tonnage of CO2e per person. The conceptual, institutional, ethical and strategic dimensions of these two radical transformations are presented in Verhagen 2012 "The Tierra Solution: Resolving the climate crisis through monetary transformation" and updated at www.timun.net. Bill McKibben stated the following about this carbon-based international monetary system on May 17, 2011: The further into the global warming area we go, the more physics and politics narrows our possible paths of action. Here’s a very cogent and well-argued account of one of the remaining possibilities.”