NGO
Another Way (Stichting Bakens Verzet), 1018 AM
01. E-course :
Diploma in Integrated Development (Dip. Int.
Dev.)
Edition
01: 14 November, 2009
Value: 06
points out of 18 .
Expected work
load: 186 hours out of 504.
The points
are finally awarded only on passing the consolidated exam for Section B :
Solutions to the Problems.
Fourth
block: The structures to be created.
Value : 03 points out of 18
Expected work load: 96 hours
out of 504
The points are
finally awarded only on passing the consolidated exam for Section B :
Solutions to the Problems.
Fourth
block: The structures to be created.
Section 3: Financial
structures.[24 hours]
20.00 hours :Financial
structures.
04.00 hours : Preparation report.
Section 3: Financial
structures.[24 hours]
20.00 hours :Financial
structures : analysis.
1. The basic concepts - introduction. [ 2.5 hours]
2. The basic concepts – more
details. [ 2.5 hours]
3. The local money
systems - introduction [ 2.5
hours]
4. The local money systems –
more details. [ 2.5 hours]
5. The interest-free micro-credit
systems - introduction.[2.5
hours]
6. The interest-free
micro-credit systems - more details.[2.5
hours]
7. The cooperative purchasing groups - introduction. [2.5 hours]
8. The cooperative purchasing
groups – more details. [2.5 hours]
04.00 hours : Preparation report.
Section 3: Financial
structures.[24 hours]
20.00 hours :Financial
structures : analysis.
2. The basic concepts – more
details. [ 2.5 hours]
This section provides an in-depth analysis of the mechanics of the
world’s dominating monetary system.
Read the short summary of
L.F.Manning’s work The Ripple Starts Here. It summarises the most
important aspects of the paper Financial system mechanics
explained for the first time.
Then, read Financial system mechanics
explained for the first time.
Read it carefully. The reading and comprehension of this document are
compulsory for the course. Questions on it are very likely to be included in the consolidated exam for passage to the fifth block.
1. Research.
On one
page, explain why the year 1694 is so important for the development of
the world’s monetary system.
2. Research.
Give a one-page explanation of the
concept of «non-earned interest »
3. Research.
Explain on one page why, today,
practically all new money in industrialised countries is issued by private
bankers in the form of debt.
4. Research.
Using the text of the document, give a two-page explanation of the formula
PQ = (
Read the following
declaration of President Lincoln of the
"The government
should create, issue and circulate all the currency and credit needed to
satisfy the spending power of the government and the buying power of
consumers..... The privilege of creating and issuing money is not only the
supreme prerogative of Government, but it is the Government's greatest creative
opportunity. By the adoption of these principles, the long-felt want for a
uniform medium will be satisfied. The taxpayers will be saved immense sums of
interest, discounts and exchanges. The financing of all public enterprises, the
maintenance of stable government and ordered progress, and the conduct of the
Treasury will become matters of practical administration. The people can and
will be furnished with a currency as safe as their own government. Money will
cease to be the master and become the servant of humanity. Democracy will rise
superior to the money power." [Abraham
Lincoln Senate document 23, Page 91, 1865.]
Read Creating
New Money, Huber J. and Robertson. J, New Economics Foundation,
A single one-line law would be enough to solve most of the world’s
financial problems. It would read : «All new financial means are issued
interest-free by the state and spent to cover social requirements of the
population. »
5. Opinion.
Give a one-page opinion on why such a
law has not been passed. Who has an interest in the maintenance of the
status-quo ? What are your conclusions ?
◄ Fourth block : Section 3: Financial structures.
◄ Fourth block : The structures to be created.
◄ Main index for the
Diploma in Integrated Development (Dip. Int. Dev.)
"Money
is not the key that opens the gates of the market but the bolt that bars
them."
Gesell,
Silvio, The Natural Economic Order, revised English edition, Peter Owen,
“Poverty is created scarcity”
Wahu Kaara, point 8 of the Global Call to Action Against Poverty, 58th
annual NGO Conference, United Nations,
This work is
licensed under a Creative
Commons Attribution-Non-commercial-Share Alike 3.0 Licence.