“The clever guy will take a half hour to have an accident, and the stupid guy will take ten minutes.”

There are whole different families of complementary currencies. One of them is local currencies. One is regional currencies. Another is functional currencies. Another is social-purpose currencies.

A resilient, efficient system needs to be diverse and interconnected. On the other hand, diversity and interconnectivity decrease efficiency. Therefore, the key is an appropriate balance between efficiency and resilience.

The direct consequence is that we have to fight with each other in order to survive.

Look at any financial institution, at any bank. They’re all photocopies of each other. There’s no diversity of institutions and even less diversity of currency.

Therefore, just as you say its very logical that an ecosystem like this will collapse, it’s very predictable a monetary system like this will collapse, too. And it hasn’t finished collapsing, by the way.

Our [American] money system is structurally brittle. It doesn’t matter if you put a very clever guy or a stupid guy at the wheel.

GREED AND COMPETITION ARE NOT THE RESULT OF IMMUTABLE HUMAN TEMPERMENT…

Complementary currencies work in addition to existing money, rather than replacing existing, official money.

The Future of Money: Creating New Wealth, Work, and a Wiser World

They send you into the world to compete with everybody else to get the second $100,000 that never was created and bring it back to them. So if we’re in a world with zero-growth population, goods, services, and money, the problem would be obvious.

Basically, for any complex to be sustainable needs to have a balance between two factors: resilience and efficiency. These two factors can be calculated from the structure of the network that is involved in a complex system.

Conventional money is supposed to be doing everything. By adding in complementary currencies, you actually get different types of things and different outcomes from different complementary currencies.

Money is created through bank debt. When you go for a mortgage through a bank, they give you $100,000 to buy a house and basically send you out into the world to bring back $200,000 in the next twenty years. The first $100,000 is principal, and the second is interest.

I sleep seven hours. If I go to bed at two, I wake up at nine. If I go to bed at midnight, I wake up at seven. I don’t wake up before – the house can fall apart, but I sleep for seven hours.

Travel with the same woman in a railway car for twelve hours, and you will have written her down in your own mind in quite other language than that of love.

Good women tell all their lives, and by day and by hour and by minute, such things that angels can read.

A feeling of having been injured, on which his mind can brood from hour to hour, allowing him to plead his own cause in his own court, within his own heart, and always to plead it successfully.

I wouldn’t do the ‘Magic Hour’ again, but I would do TV again. The ‘Magic Hour’ is not me.

I asked the waiter, ‘Is this milk fresh?’ He said, ‘Lady, three hours ago it was grass.’

What are the sources of an illumination? To me, they come after hours of searching and keeping my soul ready. Yet they come in a flash, as a religious phenomenon.

I never think that there’s something I can’t do, whether it’s beating my opponent one on one or practicing another hour because something about my game is just not right.