Shaking up the Money Status Quo: Story of the Local Currency
Learn how the design our current money system makes it impossible to solve our debt problem and hinders a transition to a more just and environmentally sound society. Did you know that the power to create our money (which is backed by the full faith and credit of the US - that is us!) is now in the hands of the private banking sector, which lends money into existence at interest? In other words, we are borrowing our own money supply from the private banking sector which levies a tax on the productive economy and concentrates wealth. Learn how a national debt-free money system can be reestablish and how a diversity of local debt-free local currencies can increase economic resilience and the health of our communities.
Marco Vangelisti -- Marco came to the US as a Fulbright Scholar in mathematics and economics at the University of California in Berkeley. After a stint in the financial industry, Marco worked as visual artist on a full-time basis for 5 years and obtained a MFA focusing on the intersection between public art and ecology. He later worked for 6 years for Grantham, Mayo, Van Otterloo & Co. LLC (“GMO”), managing investment equity portfolios primarily on behalf of large foundations and endowments. In April 2009 Marco left the finance industry and has since been instrumental in the formation and development of the Slow Money Northern California chapter where he currently leads the investor working group. Marco also serves on the Slow Money national steering committee and represents Northern CA in the national Slow Money Chapter Council. In the second half of 2012 Marco led the design and launch of the Soil Trust, a Slow Money philanthropic revolving fund investing in small food and farming enterprises around the county. Marco is currently developing an Essential Knowledge for Transition curriculum for engaged citizens and activists.
Chong Kee Tan has been an activist for almost 20 years, working in the area of Asian democracy, press freedom, censorship, and -- after coming to the United States -- in the area of equal rights and sustainability. After the 2008 financial crisis, he began studying our financial and monetary systems, and quickly came to realize that changing these systems could help address many of the most pressing problems facing the world today. He started Bay Bucks as a TransitionSF project in hopes of addressing these problems and making the SF Bay Area more resilient. Chong Kee received his BA (Hons) in Computer Science from Cambridge University and his PhD in Chinese Literature from Stanford University.
When & Where
TransitionSF works to promote and inspire an abundant, local and resilient San Francisco by unleashing the collective genius of our community to dramatically reduce carbon emissions in response to climate change; to significantly rebuild resilience in response to peak oil; and to greatly strengthen our local economy in response to economic instability. TransitionSF meets every third Monday at 7pm.