| Meeting summary for ChatPeople AfterChat Zoom (07/16/2024)
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| Quick recap
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| The team discussed the concepts of local and public banks, credit exchanges, and the potential of a neutral currency, with a focus on the importance of local control of credit and the role of reciprocal exchange in commercial trade. They also explored the idea of an alternative system or economy, the need for a more equitable distribution of resources, and the concept of a communal fund, known as the 'Earth Wallet'. Lastly, they discussed the organization and collaboration of various networks associated with the movement of One World Unity, and Erica,'s presentation on "Humanity Rising" at an upcoming event.
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| Next steps
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| • Tom Greco to share more details about his concept of Mutual Credit Clearing Associations.
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| • Erica to present on humanity rising on Thursday about her between-life experiences and indigenous two-spirit perspective.
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| • Jack to explore ways to better organize and collaborate with the One World network and related groups.
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| • Stanley to update Erica's page on Other Networks with details about her upcoming humanity rising presentation.
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| • Stanley to continue expanding and organizing the Other Networks database of speakers and presentations.
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| • Jack to look into the Kiva microcredit organization and share information with the group.
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| • Stanley to try to reconnect with his contact who has updates on Paul Glover's health status.
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| • Sarah to propose to Michael Dimartino the idea of having one representative speak for all the interconnected networks at Earth Stock.
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| • Erica to follow up with Sarah to reconnect and continue their previous conversation.
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| • Stanley to visit Paul Glover in the nursing home if possible.
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| Summary
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| Discussing Banks, Credit Exchanges, and Currency
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| The team discussed the concepts of local and public banks, with Stanley explaining the differences and highlighting the success of the Bank of North Dakota as the only public bank in the US. Stanley also introduced the idea of credit exchanges between businesses, a concept popularized by Thomas Greco's book. Shannon suggested inviting Jack to the discussion, and Stanley agreed to contact Greco while Jack was being invited. Jack shared his views on public and private banking, suggesting that credit unions could be a better alternative. The team also discussed the potential of a neutral currency not related to any nation, with Fred suggesting that the movement of BRIC countries could lead to the creation of such a currency.
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| Alternative Currency and Humanity Rising Platform
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| Jack introduced Tom Greco, an expert in alternative currency, to the group. Thomas shared his insights on creating an alternative currency to aid an alternative economy, and his recently published chapter on the topic was recommended for further reading. The group discussed the challenges of managing content for the Humanity Rising platform, and a discussion about state banks and the potential for a new petrol currency was led by Richard and Fred, with Thomas providing historical context. Thomas also presented his website, Beyond Money.net, showcasing the "End of Money" section and acknowledging the significant contribution of Ken Richings in editing and narrating the chapters.
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| Thomas' Model of Human Relationships and Credit
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| Thomas outlined a model of human relationships based on interdependence, self-reliance, familial nurturance, mutual support, and communal interdependence. He emphasized the importance of reciprocal exchange in dealing with strangers and the need for local control of credit. Thomas argued that money, as a credit instrument, has become detached from its original value denominator, and proposed the development of a locally controlled credit system to reduce dependence on national currencies and foster greater dependence on one another.
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| Credit Currency Concept and Applications
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| Thomas explained the concept of a credit currency, using the example of a local electric power company issuing its own credits, or "solar dollars," to its employees, suppliers, and contractors. These credits could then be circulated throughout the economy and redeemed to pay electric bills. Thomas emphasized that a credit currency has a beginning and an end, as claims are passed from hand to hand until the original issuer satisfies the claim. Shannon and Stanley found this idea interesting and discussed potential applications, including the possibility of local food cooperatives using this system.
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| Discussing 'Iou' in Modern Banking
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| Thomas and Shannon discussed the concept of 'Iou' in the context of modern banking. Thomas explained the difference between proper and improper issuance of money, stating that improper issuance leads to inflation. He further elaborated that commercial banks create new money either on a proper basis, based on short-term commercial bills or goods soon to arrive in the market, or on an improper basis, such as by purchasing long-term government bonds or granting mortgage loans on real estate. Most of the money created today by banks, according to Thomas, is non-bona fide. Stanley acknowledged the complexity of the issues being discussed.
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| Reciprocal Exchange and Trust in Trade
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| Shannon led a discussion with Stanley and Thomas about the intricacies of reciprocal exchange and the role of trust in commercial trade exchanges. Stanley highlighted the complexity of these interactions and proposed the establishment of more trade exchanges to simplify the process. He emphasized the importance of building stable trade exchanges and understanding the nature of relationships and the radius of caring to successfully exchange goods and services. The discussion concluded with Shannon expressing her gratitude towards Stanley's insights.
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| Discussing Change Initiatives and Collaborations
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| Shannon appreciated the insights shared by Thomas, Stanley, Fred, and Jack, emphasizing their importance for future perspectives. Jack emphasized the need for focusing on a small group to initiate change and discussed the idea of creating an alternative system or economy. Thomas confirmed that such initiatives are already underway and can be found through independent research. The group also discussed their interest in the Sarbadio movement, the work of Richard, and the upcoming event focused on building peace and village farms. Erica, shared her initiative of starting a most perfect love foundation, while Stanley offered to connect the group with Harry, an architect involved in creating Earth wallet.
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| Addressing Neglected Individuals and Resources
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| The group, consisting of Stanley, diana, Jack, Erica,, and Leo, discussed the issue of neglected individuals in society and the need for a more equitable distribution of resources. Stanley used a predator analogy to illustrate this point. The group also discussed their connections to a person named Harry, who is involved in various networks and initiatives aimed at improving the world. Erica, shared her personal connection to Harry and her belief in the importance of a solution-oriented approach for the betterment of all. The group agreed on the need to expand their knowledge about Harry and his work, with Erica, agreeing to add the Brand Earth website to Stanley's records.
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| Earth Wallet and Microcredit Initiatives
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| Erica, introduced the concept of a communal fund, known as the 'Earth Wallet', which would be used to support future projects and initiatives. Jack suggested the possibility of supporting microcredit initiatives to help women start small businesses in impoverished areas. Stanley emphasized the importance of collaboration and the need for the group to develop a shared set of ideas and to respect each other's values. The group agreed on the need for more concrete collaboration and active engagement among its members.
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| Ithaca Dollar Investigation and Cultural Exchange
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| Stanley decided to investigate the current status of the Ithaca dollar, which was invented by Paul Glover, who is now in a nursing home. Stanley planned to reach out to a former contact who might have more information. Meanwhile, the group discussed the idea of visiting Glover, with diana suggesting it could be a meaningful experience for him. Jack shared his interest in bringing together people from different backgrounds and cultures, and Erica, expressed her support for this idea.
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| Organizing One World Unity Networks Collaboratively
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| Erica,, Jack, Sarah, and Stanley discussed the organization and collaboration of various networks associated with the movement of One World Unity. Jack highlighted the role of John Raymer and Ben Buller in bringing these networks together, while Sarah proposed the idea of having one representative from all networks speak at events to create a sense of wholeness. Stanley then presented his categorization of network members, which could help in assembling groupings and tracking their appearances on platforms like Humanity Rising. The team agreed on the value of this work and planned to further develop and refine it.
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| Erica's Presentation on 'Humanity Rising
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| Erica, was invited to present on "Humanity Rising" at an upcoming event, which she will be attending for the first time. She shared that her presentation will cover her experiences with a previous life and her time spent with the Council of the Ancient Ones, as well as her evolution and healing after a suicide attempt at 17. Stanley and the other attendees expressed their support and anticipation for Erica,'s presentation.
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