Thomas H. Greco Jr., author of Money & Debt, A Solution To The
Global Crisis, stresses that the world has changed and local
community interaction is the key to future prosperity in today’s
unraveling economy. Greco, who has been a keynote speaker at IRTA’s
annual convention, says we’re now in the early stages of “the great
unraveling.” And the means to restoring resilience to our
communities is taking action.
There’s a need to share, cooperate, and organize as never before —
spend locally, save locally, and invest locally. Greco proposes we
need to apply our dollar resources to projects that:
·
Make the local community more self-reliant.
·
Provide greater local security in food, energy, housing, water and
other necessities of life.
·
Improve the overall quality of life.
·
Protect our savings against inflation of the dollar.
Greco also articulated that we must reduce our dependence upon banks
and conventional money, by organizing private exchange systems that
can be networked together to provide an interest-free and
inflation-free means of payment while making credit reliably
available to local productive enterprises.
Editor’s note:
In book, Money & Debt, he pointed out that the compound
growth of debt would eventually exceed the capacity of the real
economy to bear it.
For more information see Greco’s blog
http://beyondmoney.net and his web site
www.reinventingmoney.com.
