Future of Money

Paragraph 1 to 5

Gentlemen Group

Paragraphs 11 to 15

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In Paragraph 5, four "megatrends" for the next 4-20 years by Lietaer will be stated:the 'age wave', climate change, extinction of biodiversity, and the information revolution. Secondly, flaws of "age wave" descriptions are supported by ignorance of high productivity and better employment possibilities. Thirdly, information revolution concern will be criticized by not considering possibity of reform in terms of "citizens' income".

Monetary instability prevents economies making the drastic changes

9th paragraph:Promising idea of Lietaer's Terra
1)Content of both books
2)Distinguished idea of Lietaer's
3)Benefit of Lietaer's Terra


Argument: What are the pros and cons of present and future alternatives to the currency
1) Alternative currency is most successful at times (and in places) when the failings of official money are having the greatest impact
2) Alternative currency mostly discontinue when conditions improve
3) Swiss WIR is the only long-lived example

10th paragraph: Argument: reforms in monetary system are realistic.
Support: non stable economy
Support: risc of collaps

8th paragraph:Contrast to Greco's thesis.
1)Money has a beginning and ending
2)It is not true for all money

  1. A historical example of a problem and a solution to it (1-2).
  2. Topic sentence - There is a problem today
  3. Argument sentence that connects with the main thesis (there is a need in money reform)

But it leads to growing magnitude of total debts (national, business and individual)

Nature of money.
Greco's opinion.
Control a national currency for the benefit of society.

  1. Contol over money should be gone from banks to credit-creation authority.

  1. The advantage of national money over complementary currency
    5.1 Availability of paying taxes
    5.2 Legally recognised for the settlement of debts.
  1. Money should be credited to Treasury

Third paragraph disprove myth that banks lend people money. In fact, banks create money. This gives the bank power to decide who and for what will get money.

Rising of increasingly desperate, destructive competition

Debts can only be
repaid with official money

why so far away?

Paragraph 2: Authors' same opinion about the current situation of the official money system, views on its future and suggestions about new compensating currencies.

The necessity of reforming the official money system

Paragraph 1
'The Future of Money' and 'Money' are books, published in 2001, which revised economic issues in financial system It cover concerns about sustainable future and environment for humanity
Cause of increasingly-desperate competition and conflicts Finances goes back to the initial distributor

In paragraph 4 The issues of the interest in banking system are declared by both authors. By the next sentence first author gives his position. Then, interest charges described as a strength of alternative currency that they suggest, and finally second author identifies the next issue connected with world bank dept.

Astana

Almaty