From Speculation to Sustainability: Reclaiming Finance for People and Planet According to Professor Robert C. Hockett (2024), our financial system has morphed into a "money-pump [...]
Webinar
We need a just money system that works for the people, not for the big banks. We are a global network of movements that collaborate with policymakers, the public and economists around the world to redesign money for social justice and a liveable planet. Want to get involved?
Webinar
From Speculation to Sustainability: Reclaiming Finance for People and Planet According to Professor Robert C. Hockett (2024), our financial system has morphed into a "money-pump [...]
Article
The following text outlines the urgent need to address the issue of monetary control in a constitutional state, highlighting the misconception that central banks or [...]
Interview, Webinar
Uncover the Ancient Secrets of ProsperityOur financial system is broken, fueling greed and extreme wealth inequality. The wealthy shape laws for their own gain, while [...]
IMMR
Beginning this summer of 2024 we started hosting an online space for knowledge sharing and community building between members of our different organizations under the [...]
Did you know that more than 90 % of all money in the world has been created by big private banks?
As explained by various central banks all over the world [1], money in your bank accounts is not created by the Central Bank! It is created by private banks when they issue loans.
This means that how much money that enters the economy and where it is allocated is effectively controlled by the profit interests of private companies.
Due to their money-creating power, banks are so systemically important that no country can afford to let them default. Hence, we taxpayers have to foot the bill as soon as the banks take too large risks to make profits.
This has serious consequences. It leads to huge levels of debt, economic disparities and financial crisis. It is fueling money and resources into unproductive financial speculation and destruction of our environment and our planet.
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To create a fair, democratic and sustainable economy, we need to put an end to bank's power over money creation. Newly created money should not go into the big bank's pockets or be used for destroying our planet. New money should be created by a public institution to benefit the society and its citizens.
Read the latest books about how to reform the economy
Read the latest opinion pieces published in the subject area
Reform proposals from our member organizations
Read academical papers published by experts
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Click the links to learn more...
Everyone have to face the fact that we only live for around 80000 hours. What should you do with your limited time on earth? According to effective altruism movement, you should spend your time on creating a better world in the most efficient possible way. To do that, you should find a problem fulfilling three criterias:
Identify and focus on a problem that have huge and serious consequences for as many as possible all over the world.
The current design of the monetary systems in modern countries is such and problem: it leads to social, economical and ecological crises all over the world.
Identify a neglected problem that few others try to solve. Your effort will then be a very important and meaningful contribution.
The design of our monetary system is one of the most neglected problem in the world. Even though the experts that really know the subject call for change, almost no one else understand the problem and works for solving it.
Identify a problem that has clear and realistic solutions that can be implemented without large costs or much effort.
The monetary system is such a problem, it is designed by humans, it is not a natural law. Multiple of examples through history show that other monetary systems are possible that benefits everyone - not just a financial elite.
We need you!
To reform money to work for the society, the planet and the people, we need you.
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