To solve today's financial crisis, some fundamental changes in our monetary system are needed. This presentation with economist Bernard Lietaer covers the economic, spiritual and psychological aspects of money and suggests monetary policies and practices for the future.
Bernard Lietaer has been active in monetary systems for a period of 25 years in an unusual variety of functions. While at the Central Bank in Belgium he co-designed and implemented the convergence mechanism (ECU) to the single European currency system, and served as President of Belgium's Electronic Payment System.
He was General Manager, and Currency Trader for the Gaia Hedge Funds, when Business Week identified him as "the world's top currency trader" in 1990. He is Research Fellow at the Univ. Berkeley, and Visiting Professor at the Finance University in Moscow.
He is the author of The Future of Money translated in 18 languages.
Renowned economist Bernard Lietaer links the patriarchal economic system to the current financial crisis. He believes a shift back to a matrifocal system would balance masculine and feminine impulses, leading to greater societal and fiscal stability.