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Resetting the financial system: A Bank for the Common Good | Christian Felber | TEDxBrussels 

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Is it possible for banks to be oriented towards the common good? Of course! Banks play a decisive role in the shaping/design of the financial system and this is a decisive factor for a healthy and people-oriented economy. Christian Felber is the initiator of a cooperative Bank in Austria called Bank for the Common Good and author of a prize-winning book on "sovereign money". He shares the insights of how such a bank could operate and why this is a decisive factor that has to be applied worldwide in order to reinvent the financial system from new ground.
Christian Felber is an author, university lecturer and contemporary dancer based in Vienna.
He has written 15 books, amongst them “Change everything. Creating an Economy for the Common Good” which has been sold 70.000-fold in 9 languages.
„Money. The new rules of the game“, which was awarded the getAbstract International Book Award 2014, is the theoretical basis of the Project Bank for the Common Good, which was initiated by Christian in Austria in 2010 and which has been able to collect 2 million euros start-up capital since summer 2015.
It seems therefore natural for Christian to speak today about this, i.e., one of his life's passion.
This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at ted.com/tedx

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20 окт 2024

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Комментарии : 169   
@thewiizard
@thewiizard 4 года назад
The relevance of this video today is unexplainable.
@Kilokhi
@Kilokhi 3 года назад
Yup we got even closer
@SheSlaysCryptoVIBRA
@SheSlaysCryptoVIBRA 4 месяца назад
Crypto makes it possible to be your own bank today. 🎉
@MichelleFieldingSpiritualCoach
@MichelleFieldingSpiritualCoach 4 года назад
This is the vision of GESARA.... Quantum Financial system...
@lilstardust777
@lilstardust777 3 года назад
SOCIALISTIC GLOBALISM PROPOGANDA!!! WHAT A PUPPET!!! QFS is going to require mark of the beast.
@mikenardo6612
@mikenardo6612 3 года назад
@@lilstardust777 Mark of the Beast is the will to do the devils work. Right hand represents an oath, hands represent working, forehead is the volition(will) of ones own mind. Number of the beast shows who you’re working for. Essentially, you’re swearing an oath to do the devils work on earth.
@lilstardust777
@lilstardust777 3 года назад
@@mikenardo6612 I'm not swearing an oath lol but you are right in the acknowledgement of beast agenda is a form of participaion. Many levels to this and just speaking to those stuck down below. Only the good is true, God is all there is. Thanks for realigning me with THE truth. Shalom and God bless.
@joydevivredevive4588
@joydevivredevive4588 3 года назад
Not exactly
@sidhuprakash1949
@sidhuprakash1949 3 года назад
FACE BOOK SAYS MY POST REGARDING QUANTUM FINANCIAL SYSTEM AND GESERA IS MISLEADING THAN THEIR VERSION OF DEMOCRACY.
@adziak
@adziak 3 года назад
That bank would still be a centralized entity that can do anything it wants. New financial system should be trustless based on blockchain technology, fully decentralized and available for everyone without control, censorship from governments or central banks.
@cryptocovered4729
@cryptocovered4729 2 года назад
Yes, DAO’s will change the game…
@auomauom
@auomauom 2 года назад
Stellar
@davidpina9605
@davidpina9605 2 года назад
I think we need to figure a way to teach and educate the commons to our knowledge before we end up in a dystopia sort of, well just for ones that don't see it coming. sadly.. rip 💀
@BringDHouseDown
@BringDHouseDown 2 года назад
blockchain can be hacked apparently, I think quantum would be better that one seems unhackable
@jeshand3159
@jeshand3159 Год назад
@@BringDHouseDown the day blockchain is hacked, so will your bank account
@writerinfact1768
@writerinfact1768 6 лет назад
This - along with the Economy for the Common Good - is the best idea I have heard in a very, very long time. I applaud those who came up with it, refine it, and support it. Bravo!
@christopherscallio2539
@christopherscallio2539 3 года назад
It is pure deception! Be not deceived.
@joydevivredevive4588
@joydevivredevive4588 3 года назад
@@christopherscallio2539 Ain't that the TRUTH! But many still asleep 😴 Much more control, etc
@christopherscallio2539
@christopherscallio2539 3 года назад
@@joydevivredevive4588 Help me save the world Joy. Tell all that have ears to hear & eyes to see about the coming Global Central Bank Corporate Government disguised as a Global Communist Technocratic Dictatorship. The Banxsters wrote the Communist Manifesto through Marx. The Plank for a Central Bank is all the Proof you need. Be not deceived. 5G Internet of things where humans are but another resource to be squeezed for profit is upon us. Do not receive the Smart Mark Vax! Get everything called Smart out of your Life! Smart devices are for Surveillance & Control. Refuse Animal mRNA Vax that alters Human Genome. Fight to remain Human.
@lancedooley7558
@lancedooley7558 3 года назад
Best propaganda. I work for me and me alone. This esg investment is a propaganda.
@vprez4925
@vprez4925 2 года назад
What is your definition of common good though? Not everyone see eye to eye. Everyone would have to be on the same page which is close to impossible, unless the system implemented operation mockingbird, mass formation psychosis, etc. (Which has already started btw) That can quickly get out of hand. It can start with good intentions and end up under a dictatorship. You'll lose your freedom 'for the greater good'...but the greater good will soon sound like Hitler's ideology.
@studiodevelopers2467
@studiodevelopers2467 4 года назад
Exactly. a bank should be public utility ....NOT should be a for profit runaway enterprise
@dragonflyfrom7stars950
@dragonflyfrom7stars950 3 года назад
After going through the snowstorm in TX I feel digital banking isnt good. No power, No wifi, No cell service.. Only cash was excepted.
@not5ofasu183
@not5ofasu183 3 года назад
Digital currency is absolute control. Look at China! Obey or "the controllers" shut you off.
@tombrewster636
@tombrewster636 Год назад
This will essentially turn banks into an instrument of social engineering for whoever is making the rules for the banks. Forcing the opinion of the rule maker in regards to equality, sustainability, Etc, etc, onto the society through the instruments of loans.
@scottpaschal6516
@scottpaschal6516 5 месяцев назад
The new monetary system is upon us. In my opinion the new system is ready and it's only a matter of time until they switch us all over.
@marcoprestonchak
@marcoprestonchak 4 года назад
This got me thinking of starting a bank.
@RenataCerveny
@RenataCerveny 3 года назад
That was great talk. How far are you in 2021? Have you expanded?
@imagin64
@imagin64 3 года назад
I fully secondate your excellent contextualisation... May it be ▫️◽🔘💠🔘◽▫️
@iigo7
@iigo7 8 лет назад
Gracias Christian
@whitewolf4096
@whitewolf4096 Год назад
How’s that ESG working out now? With all these bank failures?!
@auxoncompany
@auxoncompany Год назад
All they could do is to print money .
@scottpaschal6516
@scottpaschal6516 5 месяцев назад
I hope you have started securing the all new QFS digital card ? For the safest and greatest transfer of wealth in history ?
@Neslsonmatt
@Neslsonmatt 7 месяцев назад
On which exchange are you holding up your xrp and hope you've backed them up with QFS
@0zoneTherapyCures
@0zoneTherapyCures 7 лет назад
WIPO, (World Intellectual Property Organization), is a $16 TRILLION patent industry that apparently has no regulatory structures in place. The rentiers who profit from dangerous patents that threaten the health of society and the environment need to be reined in and international laws must be implemented.
@jackjackson3356
@jackjackson3356 7 лет назад
WiPO $16 Trillion annual ? Name your source ? Extremely interesting ?
@christopherscallio2539
@christopherscallio2539 3 года назад
@@jackjackson3356 Al Gores Amazing Internet...Ha!
@beavinator420
@beavinator420 2 года назад
That would be awesome
@nataliezaher6339
@nataliezaher6339 4 года назад
Awesome concept!! BUT even private Banks are subject to the Central Banking system and are bounded to it’s regulations..so how can it be implemented???
@lordflashheart8153
@lordflashheart8153 3 года назад
They'll find a way.
@XRPJAY00
@XRPJAY00 3 года назад
The central banks are the ones behind this reset
@XRPJAY00
@XRPJAY00 3 года назад
Invest in xrp
@beavinator420
@beavinator420 2 года назад
We will be going back to gold and silver standard 2022, start panning
@SCORPION89199
@SCORPION89199 2 года назад
the central banking systems and the fed's days are very numbered, and once they are abolished(because they are unconstitutional are printing so much money that has no physical gold or silver to back all of it up.) small town The true Americas will reinstall the type of financial system that the founding fathers intended.
@Ontheroadtourism
@Ontheroadtourism 3 года назад
Anything labelled for the common good will be exactly the opposite. Read Animal Farm and see what it leads to.
@mermaid943
@mermaid943 9 месяцев назад
What you think about you bring about.
@vprez4925
@vprez4925 2 года назад
The problem with the concept of ethical consequences is that not everyone agrees on what is ethical. Vegans, Christians, Muslims, Atheists, etc.. all share different views on ethics. At least in a capitalistic society, you can vote with your money. You can boycott what you deem unethical. If you're Vegan, you can choose to not participate in that cruelty. If you're Christian, you can choose to not pay into abortion. Freedom of choice. Freedom of thought. Freedom of expression.
@JasonFromYoutube
@JasonFromYoutube 3 года назад
June 2021 checking in.
@tomg2946
@tomg2946 7 лет назад
Very very good analysis. It is neither illogical to have banks state owned, just as the police or fire brigades are, as they provide security, a banks function should be financial security of the citizens.
@vlox9915
@vlox9915 3 года назад
Its happening.
@H2VPROEternal
@H2VPROEternal 3 года назад
change is here
@studiodevelopers2467
@studiodevelopers2467 4 года назад
Video is mis named. Or is it. Quantum financial system ? This is about banking for the common good of all . i guess its all integrated.
@scottpaschal6516
@scottpaschal6516 5 месяцев назад
I hope you have started securing the all new QFS digital card ? For the safest and greatest transfer of wealth in history ?
@matthewsteenbergen8904
@matthewsteenbergen8904 2 года назад
One World Currency. You Mean One World Economy, Religion, One World Financial Institution. Global Enslavement
@scottpaschal6516
@scottpaschal6516 5 месяцев назад
I hope you have started securing the all new QFS digital card ? For the safest and greatest transfer of wealth in history ?
@mikewilt7857
@mikewilt7857 5 месяцев назад
This has existed since civilization began.... meet the new boss, same as the old boss.
@ourevilone
@ourevilone 4 года назад
NWO.
@shawnreid8226
@shawnreid8226 7 лет назад
Good job on the Talk Christian
@maciejsoczewica2962
@maciejsoczewica2962 3 года назад
KTO JESZCZE Z EKONOMII ROZWOJU ŁAPA W GÓRĘ WARIATY
@MianeHo
@MianeHo 7 месяцев назад
This the vision of NESARA and GESARA, the QFS the results
@unitedsoulwarriorsfreedom4313
@unitedsoulwarriorsfreedom4313 4 года назад
Lol he said nothing just word salad.
@thomasmorgan3491
@thomasmorgan3491 4 года назад
No thank you! Last time this was done we the people! Got the federal reserve! And that has a high price!
@LambofGodKnock
@LambofGodKnock 3 года назад
This is President Trump’s new financial system
@christopherscallio2539
@christopherscallio2539 3 года назад
You are Right. Trump & the media both agree to keep it hush. It is Big. Shhhhhh....
@daisy1441
@daisy1441 2 года назад
What is the name of the system Trump is backing? 🙂
@christopherscallio2539
@christopherscallio2539 3 года назад
He's using Klaus Schwab Buzz Words. That can't be good.
@thomasmorgan3491
@thomasmorgan3491 4 года назад
Just say no too political banking ! Sounds like socialism!
@claudioariel8719
@claudioariel8719 3 года назад
This doesn't sound like socialismo,this is socialism!
@alexsch2514
@alexsch2514 3 года назад
Socialism=good
@esyphillis101
@esyphillis101 3 года назад
@@alexsch2514 Virtually every country that tries to implement socialism ends with starvation and death. And no, the Scandinavian countries have repeatedly said they are capitalist countries with a few social programs. Does not make them socialist.
@alexsch2514
@alexsch2514 3 года назад
@@esyphillis101 I Don't mean scandinavia. I mean Cuba, China etc. Adjusting for economy development socialism has constantly proven to bring a better quality of life.
@chrislaluna6456
@chrislaluna6456 4 года назад
👍👏👍
@Fabolouswon
@Fabolouswon Год назад
Isn’t he just explaining China’s social credit score system?
@hotnorm
@hotnorm 3 года назад
sounds like the great reset
@betsyross4508
@betsyross4508 4 года назад
None of this is ethical
@alexsch2514
@alexsch2514 3 года назад
Why?
@freddo5651
@freddo5651 2 года назад
Xrp😴
@PabloRGNRNDO
@PabloRGNRNDO 4 года назад
QFS ....?
@scottpaschal6516
@scottpaschal6516 5 месяцев назад
Yes but how?
@ChelseaCollie
@ChelseaCollie 3 года назад
Does anyone recommend any Nesara videos/people to follow?
@denomayer937
@denomayer937 3 года назад
Santasurfing, beachbraordcast
@sashas3362
@sashas3362 4 года назад
If we can invest in the profit driven schools and hospitals then we would share in the profits made. Of course, the problem with this argument is the investment the average person (middle and lower classes) can make is limited compared to the upper class person. Therefore the average person is not likely to get wealthy from such an investment. Instead the investment would simply help to combat inflation. The end result for the average person would be the same as making the schools and hospitals non-profit. Also, the problem with the opening argument is it makes life more complex than it needs to be. The average person doesn't have the time or energy to manage investments and can't afford a wealth manager to manage them either. Therefore, it is best to make public schools and hospitals non-profit. This does not mean profit driven schools and medical clinics cannot exist. But private schools can only make a profit by providing better education or better care than one can get from a non-profit public school or tax funded hospital. In a perfect world, such a disparity in the quality of schools and hospitals would not exist. But in the real world, a public school or tax funded hospital may not be able to obtain the funding it needs to provide the quality offered by those schools or medical clinics which charge it's wealthier clients whatever they want. Ultimately, the problem of this disparity in quality is a result of the disparity in talent and/or skill and/or reputation of the teachers or healthcare practitioners. Teachers and doctors with better reputations can charge more for their labor than other doctors and teachers. If a non-profit public school or hospital is unable to pay what a teacher or doctor with desireable skills/talent and reputation can earn elsewhere then they will most likely go elsewhere. Only laws somehow limiting the wages a doctor or teacher can earn would prevent a doctor or teacher from going elsewhere. But governments which have tried such central management have a history of not properly setting wages to keep up with increases in market prices. So either a stable market in which inflation cannot occur must be created or people must be free to charge whatever they need or want for their labor to adapt to increasing market prices.
@christopherscallio2539
@christopherscallio2539 3 года назад
Retirement plans are full of investments. They were created to keep the multinational corporations afloat a little longer before the Now Collapse that is upon us as evidence by all Central Bank near zero interest rates.
@sashas3362
@sashas3362 3 года назад
@@christopherscallio2539 Retirement plans are for retirement and do nothing to help you before you retire unless it is the type which allows you to tap into it before retirement. But tapping into retirement before you retire is risky and can leave you in poverty after retirement.
@christopherscallio2539
@christopherscallio2539 3 года назад
@@sashas3362 Can we both be right? There is a reason why they let us in.....ve$t.
@daisy1441
@daisy1441 2 года назад
Anyone know how to invest in gold? What is good web site to understand how? tks.
@mikesaito8130
@mikesaito8130 2 года назад
A bank and only one bank for the common good ... imf and wb... total bs
@HBDuncan1
@HBDuncan1 Год назад
No bank is for the common good ! 😂
@smithrod63
@smithrod63 Год назад
In many ways this guy sounds like he started studying money last week. He lost me at the very beginning when he suggested that medical institutions are not 'profit centers' when contrasting them to Banks, and that current gender issues are relevant to the idea of finance, or store of economic energy (value)... Money is political in nature, not PRIMARILY for financial infrastructure. Politics is largely for show while money is how the world is 'governed \ ruled'. Learn more about truly decentralized cryptocurrency (most are terrible, I'm talking like HEX, Icosa \ Hedron, Pulsechain etc. - no admin keys and finished products, not promise projects). You're eyes will be opened.
@SwApPyY
@SwApPyY 5 месяцев назад
Give me an example of a decentralized crypto please.
@smithrod63
@smithrod63 5 месяцев назад
@@SwApPyY you'll have to forgive me, it's been awhile since I watched this video, but to your question about a decentralized crypto - I wouldn't confuse decentralization to automatically mean good, there are more factors than just decentralization to consider, but in short a decentralized crypto would be one that, as I mentioned earlier, has no admin keys. Whenever possible. An example of this would be HEX. Also, something that is a finished product, meaning it doesn't have necessarily an ongoing development team, or if so, that development team is not an organized Business that resides in a specific territory. To continue on with the example of HEX (also, pulse chain reasonably well falls into this category as a fork of ethereum, although it does not have the ethereum foundation attached to it)... These are good because there's no physical building with a company that works on or maintains or develops those cryptocurrencies - This is relevant because since there is no physical building, there's no jurisdiction, in other words, what country has the jurisdiction and the legal authority over hex? There is no company that exists, therefore nobody has authority over it. It's simply code that has been written, finished, and deployed on web3. If government wanted to regulate it, which government has authority? It's not like Apple where you can say the Apple organization is registered in the United States in California and as such pays taxes to The US and has to comply with US laws etc. The decentralization is an effort to remove a financial instrument from the manipulation of localized governments and centralized Banks. By residing in the US I am forced to use the feds US dollar, there's a whole lot of baggage etc. That comes with that. If I can use xrp, I'm using blockchain technology and there's various things about that. That are good, but the reality is that I've just traded Janet yellen or Jerome Powell as Fed executives for monetary policy for the CEO team of xrp. Instead. They can still increase token supply , change staking or yield rates and various things to manipulate the price of xrp. Also, they are a physical business in the United States and as such are going to be regulated and governed by us laws and regulatory agencies (This would be an example of a bad crypto, one that is indirectly regulated by the US, has admin keys and can be changed and manipulated), HEX on the other hand is a finished product with no admin keys, which means there's no developer that can go in and change the circulating supply. They can't change the yield rates, none of the economic parameters can be modified or changed, it's price. Price performance and value proposition will be determined based on consumer supply and demand. Also, there is no company or development team that exists anywhere on Earth which makes jurisdiction a tricky subject. In the same way, Afghanistan cannot apply their monetary policy and regulatory policies against Great Britain's British pound due to jurisdiction issues. Anyways, I'm rambling, hopefully that's helpful. The trick with this stuff is that the learning curve is steep and the average person does not have the stamina to learn the intricacies of the financial systems. Unless you're a bit of a finance nerd, this will be an uphill battle for most people to wrap their minds around
@SwApPyY
@SwApPyY 5 месяцев назад
@@smithrod63 Thank you for that long and thurough response, I agree with everything you say, except there are a few things you do not seem to understand about how XRP works. Ripple the company cannot alone change anything regarding to the XRP ledger, It is up to the validators on the UNL list to do so. Sure you could argue that Ripple have some controll of who is on the UNL list but all validators can choose to make a UNL of their own, they do not have to use the deafult UNL provided by ripple. I agree it is centralized in some ways, just not in the way you describe. Regarding governments and them restricting anything it wont matter if something is completly decentralized (like HEX), they will if needed retain full controll of everything you do online through regulated endpoints, such as ISP´s, perhaps even DIGITAL IDS to be able to even get online soon (In EU that is).
@Evelyne888
@Evelyne888 2 месяца назад
Sounds like socialism - no thank you.
@otherworlder
@otherworlder 2 года назад
you can take your ESG Bs and shove it!
@BAMBAMBAM495
@BAMBAMBAM495 2 года назад
liar, he doesnt even believe that, his intelligence is a sign of inequality, but the creating part sounds interesting ,
@beachsoap
@beachsoap 3 года назад
Bitcoin
@XRPJAY00
@XRPJAY00 3 года назад
Not Bitcoin , Bitcoin is similar to the first smart phone or the first car , never will be the answer , it is too slow and expensive and banks will never agree to use it , xrp is the answer .. instant settlement times and basically free costs to send any amount of money and guess what it is a green crypto currency which uses practically no energy , can you say the same for Bitcoin?? No and also think about this , bit = tiny
@beachsoap
@beachsoap 3 года назад
@@XRPJAY00 hope so ! I'm big into xrp 😎
@justinjames6960
@justinjames6960 3 года назад
Banks make money by providing loans and pay us interest on savings. This guys theory worked so well for Soviet Russia. Mass starvation for all, YEA!
@alexsch2514
@alexsch2514 3 года назад
All socialist countries provide a better quality of life than capitalist ones at the same level of economic development
@adziak
@adziak 3 года назад
@@alexsch2514 Specially Spain, Greece or Zimbabwe yeah definitely.
@alexsch2514
@alexsch2514 3 года назад
@@adziak none of the countries you mentioned are socialist.
@adziak
@adziak 3 года назад
@@alexsch2514 You're blind
@alexsch2514
@alexsch2514 3 года назад
@@adziak and you can't define the word "socialism"
@zen-ventzi-marinov
@zen-ventzi-marinov 3 года назад
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