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  • Countering the political right in the USA and Europe   1/
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    Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PST/-8.0/no DST' instead in /home/iimtor5/public_html/media/includes/rightcol_incl.php on line 37
    26/2017
  • Trump and trade   1/
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    Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PST/-8.0/no DST' instead in /home/iimtor5/public_html/media/includes/rightcol_incl.php on line 37
    24/2017
  • After Brexit and Trump   11/
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    Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PST/-8.0/no DST' instead in /home/iimtor5/public_html/media/includes/rightcol_incl.php on line 37
    22/2016
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  • Cosimo Press Release of The Tierra Solution Book  
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    Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PST/-8.0/no DST' instead in /home/iimtor5/public_html/media/includes/rightcol_incl.php on line 52
    06/20/2012
  • Powerpoint on Monetary Justice  
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    Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PST/-8.0/no DST' instead in /home/iimtor5/public_html/media/includes/rightcol_incl.php on line 52
    09/03/2011
  • Monetary justice circular  
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    Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PST/-8.0/no DST' instead in /home/iimtor5/public_html/media/includes/rightcol_incl.php on line 52
    09/03/2011
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Fixed exchange rates

Floating exchange rates are subject to speculation and do not serve trade relations well. Commerce wants predictability and stability in  order to engage in strategic planning. That's one reason that former Belgium banker Bernard Lietaer proposed an international reserve currency that would be pegged to a basket of commodities and that American economist Judy Shelton wants a return to the gold standard. His Terra unit is fundamentally different from IIMT's Tierra unit because the latter is  carbon based and is able to provide an institutional mechanism for transferring funds from the global North to the global South. What both approaches do have a common is their emphasis on the need for fixed exchange rates.