Outline of a Multi-Currency System to Meet Contemporary Challenges

Abstract

The profit-driven architecture of the banking sector has an intrinsic inability to finance the non-profit and the ecological transition. Our proposal is to introduce new modes of money issuance. At the same time, to reduce the liberatory power of money and to allow a control of the consumption of resources, we propose to introduce a quadri-monetary system (or vectorial money) in which each monetary vector addresses one and only one type of resource, the terra for physical resources, the carbo for fossil energies, the vivat for renewable biological resources and the euros, possibly converted into regional currency, for human productions. In order not to fall into the trap of commensurability, the different monetary vectors are only fungible with each other through precise rules.