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

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.

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.

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

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 chose to walk on this journey, because I solely believed in it and wholeheartedly decided to do so, and I’m willing and able to pay for the consequences.

Men outlive their love, but they don’t outlive the consequences of their recklessness.

The woman spread her legs, and made me look between them. All I could see was something that looked like a dyin’ orchid; consequently, I have never been comfortable around women or orchids.

To all those who have suffered as a consequence of our troubled past I extend my sincere thoughts and deep sympathy. With the benefit of historical hindsight we can all see things which we would wish had been done differently or not at all.

Haunted by wrong turns and roads not taken, we pursue images perceived as new but whose providence dates to the dim dramas of childhood, which are themselves but ripples of consequence echoing down the generations.

As a consequence business success is sanctified, and, practically, any methods which achieve it are justified by a larger and larger class.

It’s almost 10 years since the 2008 crisis, but we all still remember the consequences of ignoring threats to the public finances.

The past is never dead. It’s not even past. All of us labor in webs spun long before we were born, webs of heredity and environment, of desire and consequence, of history and eternity.