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Conference Nov. 2008 Mexico - The Future of Money: how millions of currencies are going to change the world - TheTransitioner - Pioneers

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Conference Nov. 2008 Mexico - The Future of Money: how millions of currencies are going to change the world - TheTransitioner - Pioneers
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Our conventional monetary system will not last long. This prediction is shared by almost every economist today: debt-based and interest-based money is an unstable system that is condemned to die from intrinsic congenital imbalance (for instance the market cannot follow the speed of interest-based debt to pay back). No one knows precisely when the big collapse is to be expected, but everyone agrees it will happen sooner than later. The current world wide monetary crisis, as well as the effects of monetary concentration, are one of those historic social alerts announcing the big crunch.What no one anticipates is that money is about to follow the same path the media followed during the past years; from controlled ownership of media with one-way top down broadcast systems, to peer-to-peer, participatory, open publishing. Millions of free currencies will soon circulate on the Net and through our cell phones. They will not be controlled by states or central banks, they will be issued and used by millions of marketplaces willing to free themselves from conventional debt-based, interest-based money (850to 950of money circulating today).
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