[p2p-research] Fwd: November newsletter of thomas greco: going through metamorphic change

Michel Bauwens michelsub2004 at gmail.com
Tue Nov 24 13:25:58 CET 2009

---------- Forwarded message ----------
From: Thomas Greco <thg at mindspring.com>
Date: Tue, Nov 24, 2009 at 2:34 AM
Subject: November newsletter
To: Thomas Greco -- thg <thg at mindspring.com>

 *Newsletter -- November 23, 2009*

Whew! The past two months have been a whirlwind—on-tour with appearances,
conferences, and interviews, first in Pennsylvania, North Carolina and
Texas, then following 10 days rest in Tucson—on to California, Oregon,
Washington, BC, and Michigan. Now back in the San Francisco Bay area, I’ve
been resting up as I contemplate what might come next.

An account of my eastern tour was included in my October message, so I’ll
begin with a brief report on *The Economics of Peace* conference (
http://www.economicsofpeace.net/) that was held in Sonoma, California during
the fourth week in October. I was one of the featured speakers at that
conference, presenting an illustrated talk titled, *The Economics of Peace,
Justice and Sustainability: **Toward a** **New Convivial World Order. *

* *

The conference was one of the best I’ve ever attended, with regard to not
only the program but the organization and the setting, as well.

* *

Praxis Peace Institute Director, Georgia Kelly informs us that videos of *The
Economics of Peace conference *are for now being uploaded to the Vimeo
website http://vimeo.com/channels/theeconomicsofpeace. Among those available
for immediate viewing are the presentations of Vandana Shiva, A. T.
Ariyaratne, and David Korten. Later, the presentations will all be on the
Praxis Peace home website http://www.praxispeace.org/.  DVDs and audio CDs
will also be available sometime in December.

While in the Bay area, I also gave a presentation at San Francisco State
University. This was at the invitation of long-time correspondent and friend
Kenn Burrows who teaches in the department of Holistic Health Studies.

Noticing a two week gap between my California and Michigan commitments,
Brian Allen offered to organize a tour of the Northwest. After deliberating
about the pros and cons, I agreed to take him up on it. It turned out to be
a very interesting and productive tour, with Brian skillfully handling the
details every step of the way.

In Portland I worked with the Community Exchange Network (CEN/PDX) currency
organizing group, putting on a workshop for them on Saturday, then on Monday
afternoon we gave a presentation to city officials, among them, the Mayor’s
economic development policy advisor. Adding a bit more substance to our
presentation was William Underwood, organizer of a successful rebate program
called *Locals Care *that has been operating in northern New Mexico for the
past three years (https://www.locals-care.com/lcindex.php). That program has
worked out some of the operational details associated with accessing
existing payments infrastructure for use of with alternative currency.

The capstone of my Portland visit was a public lecture I gave on Monday
night at the Unitarian church, which was well attended and successful in a
variety of ways. The Portland people, like those in Asheville, inspired me
with their dedication, commitment and intelligence. I’ve agreed to be on
their advisory board.

In Seattle, I enjoyed the hospitality of the Ramer family, which afforded an
opportunity for me to get a deeper understanding and an update on the*Interra
* rebate project which Jon Ramer, with Greg Steltenpohl, helped to organize
(http://www.interraproject.org/). That project utilized existing card reader
technology and point of sale devices, but at rather high cost. If a greater
scale of operation can be reached, the overhead might be bearable.

On Wednesday evening (Nov. 4), I gave a lecture on *The End of Money and the
Future of Civilization *at the landmark Elliott Bay Bookstore. That
presentation was video-recorded by Todd Boyle who has done a great job of
merging the slide graphics with the video to create a movie that has been
posted on vimeo <http://vimeo.com/7490027>. I’ve also added a link to it on
my blog http://beyondmoney.net (in the sidebar to the right under *My
Audio-visual Presentations*).

*Canadian Visit*

Taking a leisurely drive up the coast on November 5 with Brian and Carolyn,
we arrived around dusk at the border crossing into Canada. I remember the
days when going into Canada was almost as easy as crossing the street. Now,
one needs to show a passport and submit to sometimes intensive interrogation
and searches. Still, we managed to reach the dock at Tsawassen just in time
to catch the last ferry to Salt Spring Island.

Salt Spring Island dollars were launched eight years ago. The
nicely-designed notes, which are sold for cash, have had some success in
raising funds for local charities but they have not circulated widely on the
island. Many tourists acquire the notes and take them home as souvenirs. The
Board members are now seeking ways to make their currency more meaningful to
island businesses and residents. In my meetings with them, and in my public
presentation, I proposed that they change the method of issuance to monetize
the local value-added by Island businesses, preferably within a mutual
credit clearing association, as I’ve outlined in my recent book. That
message seems to have been well received and I’m hopeful that the Salt
Spring Island local exchange project may soon evolve into a good model for
other communities to follow.

While on the Island, I had occasion to meet Paul Grignon, creator of the
excellent videos, *Money as Debt,* (parts I and II). Paul came to my
presentation on Salt Spring Island and brought with him a new short video
called *The Essence of Money, a Medieval Tale. *In less than eight minutes,
this video explains as well as anything I've seen how simple and effective a
community-created currency can be. I highly recommend it. You can view it
here <http://www.digitalcoin.info/The_Essence_of_Money.html>:

*Back to the USA*

Upon returning to the U.S., I gave presentations on both Whidbey Island and
Vashon Island. Whidbey has recently launched a currency and Vashon people
are considering one. In both cases, I stressed the importance of scale and
of starting by recruiting “trusted issuers,” *i.e.,* the popular businesses
in the community where everyone wants to shop. These are the members that
should be first to have the overdraft privilege (lines of credit) that
allows them to spend before they earn. Individual members should initially
be required to earn before they spend.

On Whidbey, I gave a presentation at the Whidbey Institute and had
substantive discussions with the founders of the currency project. On
Vashon, I was the guest of the Vashon Co-housing community. The talk I gave
at the Red Bicycle Café was imbedded in an evening of enlightenment and
entertainment that included songs sung and played by a local entertainer, a
different kind of format that everyone seemed pleased with.

*Last Stop*

The final stop on the tour was Traverse City, Michigan where I was a
presenter at the *Conference on Michigan's Future Energy, Economy &
Environment *(Nov. 13-15, 2009, http://futuremichigan.org/). My presentation
on the first day of the conference (Friday) was billed as “Why the Economy
is Collapsing.” My coverage of that topic was contained in my slide show
that I titled, *The Economy: How Did we Get Here and Where are we Going?*

My second presentation (Sunday afternoon) provided a more detailed outline
of how to design, manage, and issue complementary credits or currencies. The
listed title was "Local currencies and credit currencies,” but I ended up
calling it *The Exchange Revolution: Taking Cashless trading to a new level.
* The narrative (MP3) and slide show (pptx) for each of these presentations
are currently posted separately at

140 and 141, and 595 and 596, respectively). You can download a free
Power Point viewer for pptx files from the Microsoft website.

At the end of my stay in Traverse City, I met with the Board of the *Bay
Bucks* local currency project, two members of which are old friends from the
Bioregional gatherings of the 1980s. They, too, are looking for ways to make
their currency more significant to their local economy. I offered them the
same advice I gave to the others—show the most popular businesses in town
the advantages of spending their own currency jointly into circulation. With
a little seed money, Traverse City could become another good model for
community exchange.

I could give lots of interesting details on all of these experiences but for
the sake of brevity I’ll refrain.


My main priority at this point is to show alternative exchange entrepreneurs
in both the grassroots and for-profit realms where the real liberating power
lies. *It's in reclaiming the credit commons by monetizing the value-added
by local industries, farms, and other businesses.* What that means is
organizing the productive enterprises in a community to pool their credit
and to allocate it to one another in proportion to each business’s ability
to provide valuable goods and services to their community. This is
accomplished by their participation in mutual credit clearing exchanges
and/or by jointly issuing a local currency and spending it into circulation.
It can also be accomplished by participation in well-managed commercial
“barter” exchanges.

I'm encouraged to see that this approach is increasingly understood and
gaining ever greater traction. Several promising projects are either nearing
launch or are shifting over from less empowering designs. There is an urgent
need now for (1) grant funding or investment capital to build optimal
exchange models that can be quickly scaled-up and replicated, and (2) a
“space” for collaboration where developing exchange projects can learn from
and assist each other. We don’t have time to reinvent any wheels. Solutions
that have already been worked out and tested in one place can be applied or
adapted for use elsewhere. There are plenty of good tools available for
web-based collaboration and information sharing. It remains only for someone
with the requisite knowledge and skills to show how they might be
effectively combined and applied.

In the coming months, I am also looking forward to shifting my attention
back toward more creative work—writing articles and, perhaps, another book,
while exploring new realms, physical, cultural, and spiritual.

As I’ve said many times of late, I think society is going through a
metamorphic change. It is something unprecedented, something that requires
us to be responsible, creative and open to possibilities. It means a shift
away from economic growth and the consumerist rat-race, toward a
sustainable, steady state economy and a dignified life for all. Those who
try to cling to the caterpillar economy are bound to be sorely disappointed.
With sharing and cooperation we can make the transition to the “butterfly
economy” both exciting and rewarding.

Happy Holidays,


Work: http://en.wikipedia.org/wiki/Dhurakij_Pundit_University - Research:
http://www.dpu.ac.th/dpuic/info/Research.html - Think thank:

P2P Foundation: http://p2pfoundation.net  - http://blog.p2pfoundation.net

Connect: http://p2pfoundation.ning.com; Discuss:

Updates: http://del.icio.us/mbauwens; http://friendfeed.com/mbauwens;
http://twitter.com/mbauwens; http://www.facebook.com/mbauwens
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