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Peace and sustainable prosperity through money innovation January 31, 2009 a presentation to the minnesota futurists.

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Presentation on theme: "Peace and sustainable prosperity through money innovation January 31, 2009 a presentation to the minnesota futurists."— Presentation transcript:

1 peace and sustainable prosperity through money innovation January 31, 2009 a presentation to the minnesota futurists

2 With your hands of power and your heart of love, help us then, now, Lord, to work for that day when nations shall not lift up sword against nation, when tanks will be beaten into tractors… Rev. Joseph Lowery President Barack Obama's inauguration how can peace and sustainable prosperity be the drivers of the next economy?

3 goals of the presentation

4 overview (part one)  blame won’t get the job done  the economic crisis makes no sense  money innovation is a fact of economic history and a timely solution  the next generation of money is already here

5 what happens with a faulty premise?

6 change… change… change… change is sometimes just waking up to reality… …and sometimes just a clever invention

7 another way that paradigms shift

8 It depends on your lens… Big Business The Rich Military Spending The Religious Right Politicians Foreign Competition Poor Schools Labor Unions Big Government Welfare Moms Illegal Immigrants Weak Family Values Traditional Left versus Right Polarization and Stalemate: who or what is responsible for problems in our economy?

9 We all have a piece of the answer; together we have a bigger piece. Quaker Proverb

10 what’s really happening in the economy? technology use of raw materials and energy infrastructure labor and management skill Standard of living and quality of life for individuals, families and communities

11

12 consider willing sellers many businesses seek more customers willing buyers many consumers lack purchasing power What have economists traditionally said…

13 equally puzzling… many communities have much work to do people with adequate skills seek jobs

14

15 if aliens landed…

16 barter or trade offers a hint at the solution… B2B + C2C  B2C

17 agricultural era global high-tech era businesses are illustrations only; no contracts implied money innovation  economic transformation industrial era + + Barter + + era of peace and sustainable prosperity

18 accelerating pace of human social evolution agricultural era years industrial era years computer era years

19 i predict the next generation of money in 3-5 years… i say 3-5 days… it doesn’t take a rocket scientist… i say 3-5 months…

20 why do we need a new financial instrument? If your only tool is a hammer, every problem looks like a nail. Abraham Maslow Please read the holistic white paper: Sustainable Prosperity Now! Awakening a Green Revolution of the Heart

21 loyalty rewards = new money

22 see any problem…

23 how about rewarding other things that we value?

24 incentives for youth

25 wellness incentives

26 volunteer incentives

27 eco incentives

28 but, most businesses have their own competing rewards… so, what can we learn from the history of money innovation? proliferation of competitive duplication leads to setting new cooperative industry standards

29 cropoarte srcip possibly the next generation of money nufmbd

30 universal rewards scrip

31 part one: summary  the economic crisis makes no sense  there is no one to blame because there are flaws in the system  money innovation drives each new stage of economic development  customer loyalty rewards suggest a next generation of rewards for more than consumer spending  setting industry standards promotes needed cooperation

32 overview (part two)  harnessing the profit motive  peace as a business proposition  launching an era of sustainable prosperity  how you an help

33 “nothing is so powerful as an idea that’s time has come…” questions and discussion part one

34 overview (part two)  harnessing the profit motive  peace as a business proposition  launching an era of sustainable prosperity  how you an help

35 how can we fund new incentives?

36 wasted wealth and underutilized business capacity are everywhere empty… restaurant tables airline seats college desks motel rooms off-peak hours at… movie theaters health clubs oil change shops beauty salons unsold inventory at… big box retailers community businesses factory outlet centers auto dealerships where does it come from? when people and organizations seek money… the list goes on and on…

37 competition makes things better… businesses are illustrations only; no contracts implied

38 competition is a double-edged sword businesses are illustrations only; no contracts implied

39 cooperation beyond the zero-sum game of money economics if too much competition is the problem… what’s the solution?

40 cooperating to capture wasted community wealth universal rewards warehouse SM businesses are illustrations only; no contracts implied

41 What are the economics* health club pass $20.00 DC$ US$4.00 restaurant meal $20.00 US$12.00 DC$ 8.00 no friday or saturday nights; tax and tip are paid in US$ * sample ratios and restrictions that create a dualcurrency industry standard new members only; no morning, noon or after work rush hours businesses are illustrations only; no contracts implied

42 1.Sally Thorston is a Habitat for Humanity volunteer. She volunteers four hours and earns DC$. At the Habitat job site, Sally swipes her DualCurrency Volunteer Card to track her hours. 2. The online Merchant Directory lists Olive Garden as a Merchant in the program. Sally takes a group of friends to lunch there. She swipes her VISA Card and pays for a $ check with $63.00 plus DC$. (Tax and tip are paid in US$.) 3. Sally gets an electronic statement showing her D C$ earning and spending. Sally is inspired to volunteer more, the Habitat volunteer program is strengthened and the community gets needed housing. a sample dualcurrency transaction businesses are illustrations only; no contracts implied

43 …everybody wins!  merchants increase traffic, hold down advertising costs and enjoy full retail value for their sales; both merchants and employees gain increased purchasing power  volunteers enjoy greater purchasing power and many places to spend rewards  communities enjoy new economic development resources and a more level economic playing field  credit card and ecommerce partners offer new products, increase transaction volume and revenues, provide better service to merchants and cardholders and improve data collection/crm businesses are illustrations only; no contracts implied

44 VISA brought workability and profitability to the early credit card industry with: how hard would this be?  a new financial instrument  a new payment platform  a cooperative network of banks dualcurrency commerce offers a new industry standard and a similar cooperative network for businesses, community organizations and government agencies

45 original vision for VISA

46

47 a revolution is already unfolding in self- managing organizations and mutual aid  internet; open source  alcoholics anonymous  craig’s list; wikipedia  my space; youtube  ebay; paypal  p2p music file-sharing  corporate volunteerism; corporate philanthropy

48 three strategies for world peace using new tools of sustainable economic development  buy disarmament with economic development  a new global peace corps and gi bill for youth  peace conversion of war industries (tanks into tractors) Please read the holistic white paper: Sustainable Prosperity Now! Awakening a Green Revolution of the Heart at

49 “no, i can’t be bothered with some crazy thought leader. i’ve got a battle to fight.” fostering an era of sustainable prosperity

50 claritybrings dramaticchanges and workability to dysfunctional systems

51 founding premise of money economics

52 consider food…

53 quality education

54 quality healthcare

55 affordable housing

56 clean safe energy

57 if there is so much abundance… this lack of financial resources is an anomaly why are there so many unmet needs? it points towards a needed paradigm shift in our thinking about money, economics and commerce

58 how you can help  help to finish and circulate this video  get these ideas into think tanks and innovation groups (white paper at  contact Joel with ideas and resources dualcurrency.com  help find companies, community organizations and government agencies willing to launch money innovation pilot programs

59 how soon can we have sustainable prosperity? two compelling precedents: e-cash and digital dollars

60 merrill lynch acquired by bank of america 48 hours!

61 sometimes, the world can turn on a dime

62 part two: summary  sustainable prosperity is replacing “scarce resources and unlimited wants and needs” as the foundation for modern economics and commerce  modern technology, business innovation and the profit motive can rapidly bring about a peaceful prosperous and sustainable global economy  everything that we need to do now has been done before; new organizational models show how to accomplish these goals through a business/community/government partnership and social networking/grassroots mobilization

63 now how is the glass looking?

64 “nothing is so powerful as an idea that’s time has come…” questions and discussion part two

65 What about the IRS? (1)  Barter is considered commercial in nature and taxable, with taxes owed in US$.  Time Dollars or Service Credits are considered noncommercial and nontaxable. People help people on an hour for hour basis, usually inside of a 501(c)3 nonprofit network.  Local Currencies are normally considered commercial and taxable, although there may be nonprofit exceptions to the rule.

66  Discounts, such as 2 for 1 Dining or Dollar Movie Night are not taxed.  Frequent Flyer Miles and other loyalty rewards are merely discounts given over time — buy 5 flights; get 1 free — and are not taxed.  Employee Benefits such as free flights for airlines employees and free tuition for university employees are also not taxed. What about the IRS? (2)


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