This page provides information about the most urgent actions to be taken now that the banking crisis of 2008 has hit.
Whatever governments do for the banks, credit will
be a lot harder to obtain for businesses, for many years to come. The trickiest
aspect of the current situation is the simultaneous, global nature, of the
banking crisis. Please, get ready now for an unprecedented rough ride for as long as one decade. What all this means in practice is that we have now
entered the period of an unprecedented convergence of the four planetary issues
- financial instability, climate change, unemployment and the financial consequences of an aging society -
that was described in the 2001 book, The
Future of Money.
To avoid a domino effect of massive layoffs and bankruptcies, the most urgent action for businesses to take is the initiative of
creating a Business-to-Business (B2B) mutual credit system at whatever scale makes sense to them. The WIR system (see six page synthesis paper for details) is a successful precedent of this strategy implemented in Switzerland since 1934.
The various downloadable documents available on this page describe the practical steps to achieve this; as well as the theoretical backing why this is a systemic solution to today's sitiation. This includes a one pager and a six pager on the B2B currency solution; and a White Paper on the Financial Crisis describing all the options on how to deal with the current crisis. If you desire the theoretical backing for the claims made in the White Paper, the documents below are the relevant original academic sources available for download. It includes the quantitative study on the stabilization effect of the WIR on the Swiss economy; the peer reviewed paper on the sustainability of complex systems; and an explanation for the collective psychology of financial crashes, extracted from my "Mystery of Money" (unpublished in English).
