Ted talk about future of currency:

TEDxBerlin - Bernard Lietaer - 11/30/09

http://www.youtube.com/watch?v=nORI8r3JIyw

3 Key Points:
1. There is a Structural Cause to this Crisis!
2. Growing Unemployement - as a consequence
3. There is a Structural Solution able to solve this problem

Evidence for structural cause:
- 96 banking crises
- 176 monetary crises
- in Recent 25 year period

This is a CAR that is broken, not the Drivers! this is a structural issue! so Why not wake up now?

Complex Theory:
Breakthrough: Sustainability is measurable with a single metric as an optimal balance between "efficiency" and  "resilience" (Vertimas: n stangrumas, tamprumas; Sugebėjimas atsitiesti po patirto sunkumo;)

He talked with a scientist which was researching sustainable ecosystems in the nature, how biomass moves across ecosystems(amazon, ocean, and alike.. Sun is shining, plants growing, animals eating plants, animals eating animals, and we eat it all)

So they found out that Sustainable ecosystem has certain characteristics:
- natural ecosystem has to be Sustainable, to be around for a longer time!

Ecosystems Efficiency: is the capacity of an ecosystem to process quantity of biomass... Throughput
Ecosystems Resilience: is the capacity of an Ecosystem to survive the changes, the crises, etc..

So the balance between Efficiency and Resilience, - that's what tells about ecosystems Sustainability

Complex Networks:

• Efficiency and Resilience are a function of 2 structural variables: *Diversity and *Inter-connectivity
• They are independent from what is being processed in the network:
• Biomass in an Ecosystem
• Electrons in electrical system
• Information in immune system
• Money in an Economy

*Explanation:
Diversity: how many animals are there around
Inter-connectivity : who can eat what?

Structural Solution:

• Complementary currencies structurally our media of exchange
• Complementary currency = a standard medium that circulates in parallel with conventional money
• Example: miles issued by airline company
• Complementary currencies link unmet needs with unused resources

Problem with employment:

• 70..90% of employment comes from small/medium businesses !
• yet these businesses suffer from cash-flow problem. 
• When a small business sells to IBM - they have to wait for money for 90 days. 
• When IBM sells to small business, small business must pay NOW or at least in 30 days! 
• Banks are not interested in bridge financing!

Solution:

• Complementary currency - is used as bridge financing

C3 model is already working in Brazil and Uruguay..

Complementary Currency is in a stage at which open source software was 10 years ago! This WILL COME, we live in an information age, and there is no way we can avoid evolution of our currency systems! or perish :)

This will create a totally new economy! And we can start now - using open source software creating our own complementary currencies!