we are the first generation in human mankind with the potential to end
mankind with the potential to end
mankind with the potential to end poverty globally we are at the same time
poverty globally we are at the same time
poverty globally we are at the same time the last generation in mankind with the
the last generation in mankind with the
the last generation in mankind with the potential to prevent an irreversible
potential to prevent an irreversible
potential to prevent an irreversible damage to this planet in terms of global
damage to this planet in terms of global
damage to this planet in terms of global warming resource depletion and
warming resource depletion and
warming resource depletion and biodiversity for decades if not
biodiversity for decades if not
biodiversity for decades if not centuries we know all this why isn’t it
centuries we know all this why isn’t it
centuries we know all this why isn’t it happening some say it has to do with bad
happening some say it has to do with bad
happening some say it has to do with bad governance some say it has to do with
governance some say it has to do with
governance some say it has to do with the lack of innovative technology others
the lack of innovative technology others
the lack of innovative technology others say it’s simply too expensive I think a
say it’s simply too expensive I think a
say it’s simply too expensive I think a lot has to do with the design of the
lot has to do with the design of the
lot has to do with the design of the financial system itself and this is
this is what I would like to discuss
this is what I would like to discuss with you here and now in September 2015
with you here and now in September 2015
with you here and now in September 2015 world leaders signed up for a road map
world leaders signed up for a road map
world leaders signed up for a road map in New York with 17 so-called
in New York with 17 so-called
in New York with 17 so-called sustainability development goals s D
sustainability development goals s D
sustainability development goals s D Keys aimed at improving humanity the
Keys aimed at improving humanity the
Keys aimed at improving humanity the planet wealth peace and global
planet wealth peace and global
planet wealth peace and global partnership most of these goals are
partnership most of these goals are
partnership most of these goals are so-called global common goods like
so-called global common goods like
so-called global common goods like cleaning air protecting biodiversity
cleaning air protecting biodiversity
cleaning air protecting biodiversity alleviating poverty a common global good
alleviating poverty a common global good
alleviating poverty a common global good is not exclusive it should be accessible
is not exclusive it should be accessible
is not exclusive it should be accessible to and enjoyed by everyone and each of
to and enjoyed by everyone and each of
to and enjoyed by everyone and each of these goals has enough scientific
these goals has enough scientific
these goals has enough scientific evidence enough technological know-how
evidence enough technological know-how
evidence enough technological know-how and enough political consensus to be
and enough political consensus to be
and enough political consensus to be achieved and each of these goals should
achieved and each of these goals should
achieved and each of these goals should be valid for the entire planet north and
be valid for the entire planet north and
be valid for the entire planet north and south and east and west and local and
south and east and west and local and
south and east and west and local and global
in fact we’re talking about a five
in fact we’re talking about a five trillion US dollar bill every year over
trillion US dollar bill every year over
trillion US dollar bill every year over the next 15 to 20 years where does the
the next 15 to 20 years where does the
the next 15 to 20 years where does the money come from
how are we currently financing how are
how are we currently financing how are we currently funding and managing such
we currently funding and managing such
we currently funding and managing such projects the conventional way of dealing
projects the conventional way of dealing
projects the conventional way of dealing with such projects is simply
with such projects is simply
with such projects is simply redistributing money
this arrow behind me reflects the entire
this arrow behind me reflects the entire world economy starting at the top of the
world economy starting at the top of the
world economy starting at the top of the central banks where money is literally
central banks where money is literally
central banks where money is literally created out of nothing then the
created out of nothing then the
created out of nothing then the commercial banking system in the cattle
commercial banking system in the cattle
commercial banking system in the cattle market loan this money in forms of
market loan this money in forms of
market loan this money in forms of credits to corporates privates and
credits to corporates privates and
credits to corporates privates and states and ends with the production of
states and ends with the production of
states and ends with the production of good and services the entire sum called
good and services the entire sum called
good and services the entire sum called the global domestic product GDP it’s
the global domestic product GDP it’s
the global domestic product GDP it’s approximately 75 to 80 trillion US
approximately 75 to 80 trillion US
approximately 75 to 80 trillion US dollars every year and at the end of
dollars every year and at the end of
dollars every year and at the end of that pipeline we as a world community
that pipeline we as a world community
that pipeline we as a world community decided to spend a small amount of money
decided to spend a small amount of money
decided to spend a small amount of money on such social and ecological projects
has this procedure has this mechanism
has this procedure has this mechanism ever ever worked in history historically
ever ever worked in history historically
ever ever worked in history historically the world community decided to spend
the world community decided to spend
the world community decided to spend 0.7% of this global domestic product
0.7% of this global domestic product
0.7% of this global domestic product which is roughly 500 billion US dollars
which is roughly 500 billion US dollars
which is roughly 500 billion US dollars on such projects but besides the
on such projects but besides the
on such projects but besides the Scandinavian countries the vast majority
Scandinavian countries the vast majority
Scandinavian countries the vast majority never attained the 0.7% just think
if all nations attained 0.7% the amount
if all nations attained 0.7% the amount of money is realistically not enough to
of money is realistically not enough to
of money is realistically not enough to finance and fund our future we gotta get
finance and fund our future we gotta get
finance and fund our future we gotta get the figures right we’re talking about
the figures right we’re talking about
the figures right we’re talking about five ten times more in order to
five ten times more in order to
five ten times more in order to challenge our future we’re talking about
challenge our future we’re talking about
challenge our future we’re talking about five trillion out of the 80 trillion of
five trillion out of the 80 trillion of
five trillion out of the 80 trillion of our global domestic product in order to
our global domestic product in order to
our global domestic product in order to properly finance our future withdrawing
properly finance our future withdrawing
properly finance our future withdrawing this amount of money withdrawing the
this amount of money withdrawing the
this amount of money withdrawing the five trillion out of the 80 trillion
five trillion out of the 80 trillion
five trillion out of the 80 trillion would cause a collapse of the world
would cause a collapse of the world
would cause a collapse of the world economy where does the money come from
economy where does the money come from
economy where does the money come from I think it’s an heroic assumption that
I think it’s an heroic assumption that
I think it’s an heroic assumption that this mechanism of redistributing money
this mechanism of redistributing money
this mechanism of redistributing money would ever meet in scale and speed the
would ever meet in scale and speed the
would ever meet in scale and speed the requirements to fund or finance our
requirements to fund or finance our
requirements to fund or finance our future could it be that we have the
future could it be that we have the
future could it be that we have the wrong solutions for the real problems I
wrong solutions for the real problems I
wrong solutions for the real problems I think in order to find out the real
think in order to find out the real
think in order to find out the real solutions for the real problems there is
solutions for the real problems there is
solutions for the real problems there is one aspect I want you to remember here
money is not a tangible thing money is
money is not a tangible thing money is not a natural law money is a convention
not a natural law money is a convention
not a natural law money is a convention like a marriage contract a club rule or
like a marriage contract a club rule or
like a marriage contract a club rule or a legal contract which can be changed
a legal contract which can be changed
a legal contract which can be changed and adapted according to the global
and adapted according to the global
and adapted according to the global needs so can we think differently about
needs so can we think differently about
needs so can we think differently about this whole
this whole
this whole Challenge I want you to hold your
Challenge I want you to hold your
Challenge I want you to hold your skepticism for one moment you know what
skepticism for one moment you know what
skepticism for one moment you know what if the central banks would create the
if the central banks would create the
if the central banks would create the additional 5 trillion US dollars in an
additional 5 trillion US dollars in an
additional 5 trillion US dollars in an electronic format only through a
electronic format only through a
electronic format only through a blockchain technology what if these
blockchain technology what if these
blockchain technology what if these additional funds would be earmarked and
additional funds would be earmarked and
additional funds would be earmarked and dedicated for sustainability Development
dedicated for sustainability Development
dedicated for sustainability Development Goals only in the first place and what
Goals only in the first place and what
Goals only in the first place and what if these funds ran through completely
if these funds ran through completely
if these funds ran through completely different channels and the one we’re
different channels and the one we’re
different channels and the one we’re used to we would end up with the
used to we would end up with the
used to we would end up with the complimentary optional currency system
complimentary optional currency system
complimentary optional currency system running in parallel to the conventional
running in parallel to the conventional
running in parallel to the conventional system generating the 5 trillion the
system generating the 5 trillion the
system generating the 5 trillion the world desperately needs is there any
world desperately needs is there any
world desperately needs is there any scientific evidence for that research an
scientific evidence for that research an
scientific evidence for that research an optional parallel currency system has
optional parallel currency system has
optional parallel currency system has shown over a dozen of positive effects
shown over a dozen of positive effects
shown over a dozen of positive effects you know you could use this earmarked
you know you could use this earmarked
you know you could use this earmarked additional liquidity dedicated funds in
additional liquidity dedicated funds in
additional liquidity dedicated funds in order to target millions and millions of
order to target millions and millions of
order to target millions and millions of African citizens to the blockchain
African citizens to the blockchain
African citizens to the blockchain technology through their cell phone
technology through their cell phone
technology through their cell phone network we could use the same mechanism
network we could use the same mechanism
network we could use the same mechanism for Indian citizens addressing the
for Indian citizens addressing the
for Indian citizens addressing the microcredit banking system any dollar
microcredit banking system any dollar
microcredit banking system any dollar spent
spent
spent through this mechanism will alleviate if
through this mechanism will alleviate if
through this mechanism will alleviate if not eliminate poverty in less than one
not eliminate poverty in less than one
not eliminate poverty in less than one year I would like to repeat that
year I would like to repeat that
year I would like to repeat that sentence any dollar spent through this
sentence any dollar spent through this
sentence any dollar spent through this mechanism would alleviate if not
mechanism would alleviate if not
mechanism would alleviate if not eliminate poverty in less than a year it
eliminate poverty in less than a year it
eliminate poverty in less than a year it would prevent us from additional fraud
would prevent us from additional fraud
would prevent us from additional fraud and corruption as each transaction is
and corruption as each transaction is
and corruption as each transaction is transparent and can be disclosed just
transparent and can be disclosed just
transparent and can be disclosed just think such a parallel carrying system in
think such a parallel carrying system in
think such a parallel carrying system in place illegible to file taxes would
place illegible to file taxes would
place illegible to file taxes would allow communal offices eventually to
allow communal offices eventually to
allow communal offices eventually to build up their infrastructure free
build up their infrastructure free
build up their infrastructure free schooling kindergarten schooling
schooling kindergarten schooling
schooling kindergarten schooling universities communal hospitals
universities communal hospitals
universities communal hospitals libraries streets bridges the 1.5
libraries streets bridges the 1.5
libraries streets bridges the 1.5 million non-governmental organizations
million non-governmental organizations
million non-governmental organizations would eventually get the money to do
would eventually get the money to do
would eventually get the money to do their job we could enhance education
their job we could enhance education
their job we could enhance education accessing health care that would
accessing health care that would
accessing health care that would otherwise never happen we would tap into
otherwise never happen we would tap into
otherwise never happen we would tap into untapped potentials of millions of
untapped potentials of millions of
untapped potentials of millions of millions of humans without a job
millions of humans without a job
millions of humans without a job unleashing the creativity of billions of
unleashing the creativity of billions of
unleashing the creativity of billions of billions of citizens on this planet
would this mechanism hurt or harm the
would this mechanism hurt or harm the conventional economy the opposite is
conventional economy the opposite is
conventional economy the opposite is true corporate and state planning and
true corporate and state planning and
true corporate and state planning and production even the price level would
production even the price level would
production even the price level would become more robust and resilient gaining
become more robust and resilient gaining
become more robust and resilient gaining a long term vision in fact a parallel
a long term vision in fact a parallel
a long term vision in fact a parallel currency system would stabilize the
currency system would stabilize the
currency system would stabilize the booms and busts
booms and busts
booms and busts of the conventional system it is this
of the conventional system it is this
of the conventional system it is this pre distributive design rather than read
pre distributive design rather than read
pre distributive design rather than read distributive design that can shift I
distributive design that can shift I
distributive design that can shift I would even say transform our entire
would even say transform our entire
would even say transform our entire society into the right direction
what’s missing what’s missing you know
what’s missing what’s missing you know what’s missing we have to change our
what’s missing we have to change our
what’s missing we have to change our mindset we’re used to think serial
mindset we’re used to think serial
mindset we’re used to think serial sequential linear the way we’re used to
sequential linear the way we’re used to
sequential linear the way we’re used to we should start to think in parallel in
we should start to think in parallel in
we should start to think in parallel in our brain and our mind is capable to do
our brain and our mind is capable to do
our brain and our mind is capable to do so it’s like having a bike with two
so it’s like having a bike with two
so it’s like having a bike with two wheels
wheels
wheels we need a currency system with two
we need a currency system with two
we need a currency system with two branches a conventional and a
branches a conventional and a
branches a conventional and a complimentary one both designed for
complimentary one both designed for
complimentary one both designed for different purposes
different purposes
different purposes but both intertwined at the end if there
but both intertwined at the end if there
but both intertwined at the end if there was a single most important factor to
was a single most important factor to
was a single most important factor to change the world it would be this
change the world it would be this
change the world it would be this mechanism as the game-changer we could
mechanism as the game-changer we could
mechanism as the game-changer we could get that started in less than six months
get that started in less than six months
get that started in less than six months if the six larger central banks are
if the six larger central banks are
if the six larger central banks are prepared to implement a parallel
prepared to implement a parallel
prepared to implement a parallel currency system I think this would be
currency system I think this would be
currency system I think this would be fair and fast inexpensive and innovative
fair and fast inexpensive and innovative
fair and fast inexpensive and innovative would be robust and resilient it would
would be robust and resilient it would
would be robust and resilient it would be sound and sustainable and it would be
be sound and sustainable and it would be
be sound and sustainable and it would be transparent and transformative
redesigning the financial system does
redesigning the financial system does not solve all our problems but all our
not solve all our problems but all our
not solve all our problems but all our problems are much more easily addressed
problems are much more easily addressed
problems are much more easily addressed through redesigning the financial system
this is the way towards more humanity
this is the way towards more humanity more peace more wealth more global
more peace more wealth more global
more peace more wealth more global partnership and a greener planet and
partnership and a greener planet and
partnership and a greener planet and this is the mechanism to embrace the
this is the mechanism to embrace the
this is the mechanism to embrace the future thank you very much
future thank you very much
future thank you very much [Applause]
”
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