Liebe Freunde



This month we welcome Lino Zeddies, an economist and board member of Monetative, which is a German group campaigning for monetary reform. He is an activist for for various projects pioneering a different society. His focuses include economics - especially financial crises, the monetary and financial system, Pluralist Economics, philosophy, psychology and personal development, and innovation in organizational design.



Lino Zeddies - Homepage (https://www.linozeddies.com)



Monetative (http://www.monetative.de/)



He will talk on the subject of "Sovereign Money Reform":



What’s the problem?



Right now most of the money in our economies is created by banks. Banks create up to 97% of money (http://positivemoney.org/how-money-works/how-banks-create-money/), in the form of the numbers in your bank account, when they make loans. This means that they effectively decide a) how much money there is in the economy, and b) where that money goes. The control of the creation of money, in the hands of banks, has contributed to the problems of:



• unaffordable housing



• high unemployment



• high personal debt



• growing inequality



• high government debt



• financial crisis and economic instability



What’s the solution?



We believe the power to create money must be removed from the banks that caused the financial crisis and returned to a democratic, transparent and accountable body. New money must only be created and used to benefit the public and society as a whole, rather than just the financial sector. There are detailed and workable proposals that would allow this to happen.



from: http://internationalmoneyreform.org/about-us/



Other good resources on this topic:



Positive Money report on Sovereign Monetary Reform: http://positivemoney.org/our-proposals/creating-sovereign-monetary-system (http://positivemoney.org/our-proposals/creating-sovereign-monetary-system/)



Short Video series "Banking 101": https://www.youtube.com/watch?v=bE8i-4HpKlM&list=PLyl80QTKi0gPBcb32paMvXxcq7UUeJskV



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The time and place are the same.



Date: Tuesday, Nov 29th



Time: 7pm start



Place: Werkstatt Berlin



Hope to see you all there for an interesting discussion! Any questions or suggestions please comment or mail the group.



Bis Bald!



Basic Income Berlin



email: [masked]

slack: basicincomeberlin.slack.com