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

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

Пікірлер: 167

  • @thewiizard
    @thewiizard4 жыл бұрын

    The relevance of this video today is unexplainable.

  • @Kilokhi

    @Kilokhi

    2 жыл бұрын

    Yup we got even closer

  • @MichelleFieldingSpiritualCoach
    @MichelleFieldingSpiritualCoach3 жыл бұрын

    This is the vision of GESARA.... Quantum Financial system...

  • @lilstardust777

    @lilstardust777

    3 жыл бұрын

    SOCIALISTIC GLOBALISM PROPOGANDA!!! WHAT A PUPPET!!! QFS is going to require mark of the beast.

  • @mikenardo6612

    @mikenardo6612

    3 жыл бұрын

    @@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 жыл бұрын

    @@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 жыл бұрын

    Not exactly

  • @sidhuprakash1949

    @sidhuprakash1949

    2 жыл бұрын

    FACE BOOK SAYS MY POST REGARDING QUANTUM FINANCIAL SYSTEM AND GESERA IS MISLEADING THAN THEIR VERSION OF DEMOCRACY.

  • @dragonflyfrom7stars950
    @dragonflyfrom7stars9503 жыл бұрын

    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 жыл бұрын

    Digital currency is absolute control. Look at China! Obey or "the controllers" shut you off.

  • @writerinfact1768
    @writerinfact17685 жыл бұрын

    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 жыл бұрын

    It is pure deception! Be not deceived.

  • @joydevivredevive4588

    @joydevivredevive4588

    3 жыл бұрын

    @@christopherscallio2539 Ain't that the TRUTH! But many still asleep 😴 Much more control, etc

  • @christopherscallio2539

    @christopherscallio2539

    3 жыл бұрын

    @@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 жыл бұрын

    Best propaganda. I work for me and me alone. This esg investment is a propaganda.

  • @vprez4925

    @vprez4925

    2 жыл бұрын

    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.

  • @adriancygan9391
    @adriancygan93913 жыл бұрын

    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 жыл бұрын

    Yes, DAO’s will change the game…

  • @auomauom

    @auomauom

    2 жыл бұрын

    Stellar

  • @davidpina9605

    @davidpina9605

    2 жыл бұрын

    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

    Жыл бұрын

    blockchain can be hacked apparently, I think quantum would be better that one seems unhackable

  • @jeshand3159

    @jeshand3159

    Жыл бұрын

    @@BringDHouseDown the day blockchain is hacked, so will your bank account

  • @marcoprestonchak
    @marcoprestonchak4 жыл бұрын

    This got me thinking of starting a bank.

  • @iigo7
    @iigo78 жыл бұрын

    Gracias Christian

  • @tombrewster636
    @tombrewster636 Жыл бұрын

    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

    21 күн бұрын

    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.

  • @imagin64
    @imagin642 жыл бұрын

    I fully secondate your excellent contextualisation... May it be ▫️◽🔘💠🔘◽▫️

  • @RenataCerveny
    @RenataCerveny2 жыл бұрын

    That was great talk. How far are you in 2021? Have you expanded?

  • @studiodevelopers2467
    @studiodevelopers24673 жыл бұрын

    Exactly. a bank should be public utility ....NOT should be a for profit runaway enterprise

  • @Neslsonmatt
    @Neslsonmatt3 ай бұрын

    On which exchange are you holding up your xrp and hope you've backed them up with QFS

  • @JasonFromYoutube
    @JasonFromYoutube2 жыл бұрын

    June 2021 checking in.

  • @shawnreid8226
    @shawnreid82266 жыл бұрын

    Good job on the Talk Christian

  • @nataliezaher6339
    @nataliezaher63394 жыл бұрын

    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

    2 жыл бұрын

    They'll find a way.

  • @XRPJAY00

    @XRPJAY00

    2 жыл бұрын

    The central banks are the ones behind this reset

  • @XRPJAY00

    @XRPJAY00

    2 жыл бұрын

    Invest in xrp

  • @beavinator420

    @beavinator420

    2 жыл бұрын

    We will be going back to gold and silver standard 2022, start panning

  • @SCORPION89199

    @SCORPION89199

    2 жыл бұрын

    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.

  • @0zoneTherapyW0rks
    @0zoneTherapyW0rks7 жыл бұрын

    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 жыл бұрын

    WiPO $16 Trillion annual ? Name your source ? Extremely interesting ?

  • @christopherscallio2539

    @christopherscallio2539

    3 жыл бұрын

    @@jackjackson3356 Al Gores Amazing Internet...Ha!

  • @beavinator420

    @beavinator420

    2 жыл бұрын

    That would be awesome

  • @vlox9915
    @vlox99153 жыл бұрын

    Its happening.

  • @Ontheroadtourism
    @Ontheroadtourism3 жыл бұрын

    Anything labelled for the common good will be exactly the opposite. Read Animal Farm and see what it leads to.

  • @mermaid943

    @mermaid943

    5 ай бұрын

    What you think about you bring about.

  • @chrislaluna6456
    @chrislaluna64564 жыл бұрын

    👍👏👍

  • @ourevilone
    @ourevilone3 жыл бұрын

    NWO.

  • @tomg2946
    @tomg29467 жыл бұрын

    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.

  • @matthewsteenbergen8904
    @matthewsteenbergen89042 жыл бұрын

    One World Currency. You Mean One World Economy, Religion, One World Financial Institution. Global Enslavement

  • @scottpaschal6516

    @scottpaschal6516

    21 күн бұрын

    I hope you have started securing the all new QFS digital card ? For the safest and greatest transfer of wealth in history ?

  • @mikewilt7857

    @mikewilt7857

    20 күн бұрын

    This has existed since civilization began.... meet the new boss, same as the old boss.

  • @studiodevelopers2467
    @studiodevelopers24673 жыл бұрын

    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

    21 күн бұрын

    I hope you have started securing the all new QFS digital card ? For the safest and greatest transfer of wealth in history ?

  • @vprez4925
    @vprez49252 жыл бұрын

    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.

  • @user-zc4nd2db6d
    @user-zc4nd2db6d2 ай бұрын

    This the vision of NESARA and GESARA, the QFS the results

  • @H2VPROEternal
    @H2VPROEternal2 жыл бұрын

    change is here

  • @maciejsoczewica2962
    @maciejsoczewica29623 жыл бұрын

    KTO JESZCZE Z EKONOMII ROZWOJU ŁAPA W GÓRĘ WARIATY

  • @whitewolf4096
    @whitewolf4096 Жыл бұрын

    How’s that ESG working out now? With all these bank failures?!

  • @auxoncompany

    @auxoncompany

    Жыл бұрын

    All they could do is to print money .

  • @scottpaschal6516

    @scottpaschal6516

    21 күн бұрын

    I hope you have started securing the all new QFS digital card ? For the safest and greatest transfer of wealth in history ?

  • @unitedsoulwarriorsfreedom4313
    @unitedsoulwarriorsfreedom43133 жыл бұрын

    Lol he said nothing just word salad.

  • @sashas3362
    @sashas33623 жыл бұрын

    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 жыл бұрын

    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 жыл бұрын

    @@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 жыл бұрын

    @@sashas3362 Can we both be right? There is a reason why they let us in.....ve$t.

  • @daisy1441

    @daisy1441

    2 жыл бұрын

    Anyone know how to invest in gold? What is good web site to understand how? tks.

  • @ChelseaCollie
    @ChelseaCollie3 жыл бұрын

    Does anyone recommend any Nesara videos/people to follow?

  • @denomayer937

    @denomayer937

    3 жыл бұрын

    Santasurfing, beachbraordcast

  • @pablourganicbioinsumos
    @pablourganicbioinsumos3 жыл бұрын

    QFS ....?

  • @scottpaschal6516

    @scottpaschal6516

    21 күн бұрын

    Yes but how?

  • @thomasmorgan3491
    @thomasmorgan34913 жыл бұрын

    No thank you! Last time this was done we the people! Got the federal reserve! And that has a high price!

  • @hotnorm
    @hotnorm3 жыл бұрын

    sounds like the great reset

  • @LambofGodKnock
    @LambofGodKnock3 жыл бұрын

    This is President Trump’s new financial system

  • @christopherscallio2539

    @christopherscallio2539

    3 жыл бұрын

    You are Right. Trump & the media both agree to keep it hush. It is Big. Shhhhhh....

  • @daisy1441

    @daisy1441

    2 жыл бұрын

    What is the name of the system Trump is backing? 🙂

  • @Fabolouswon
    @Fabolouswon Жыл бұрын

    Isn’t he just explaining China’s social credit score system?

  • @srrgmail
    @srrgmail11 ай бұрын

    Decentralisation is the only option for true freedom. Bank shouldn't exist

  • @freddo5651
    @freddo56512 жыл бұрын

    Xrp😴

  • @thomasmorgan3491
    @thomasmorgan34913 жыл бұрын

    Just say no too political banking ! Sounds like socialism!

  • @claudioariel8719

    @claudioariel8719

    3 жыл бұрын

    This doesn't sound like socialismo,this is socialism!

  • @alexsch2514

    @alexsch2514

    3 жыл бұрын

    Socialism=good

  • @esyphillis101

    @esyphillis101

    3 жыл бұрын

    @@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 жыл бұрын

    @@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.

  • @christopherscallio2539
    @christopherscallio25393 жыл бұрын

    He's using Klaus Schwab Buzz Words. That can't be good.

  • @HBDuncan1
    @HBDuncan1 Жыл бұрын

    No bank is for the common good ! 😂

  • @betsyross4508
    @betsyross45083 жыл бұрын

    None of this is ethical

  • @alexsch2514

    @alexsch2514

    3 жыл бұрын

    Why?

  • @mikesaito8130
    @mikesaito81302 жыл бұрын

    A bank and only one bank for the common good ... imf and wb... total bs

  • @otherworlder
    @otherworlder2 жыл бұрын

    you can take your ESG Bs and shove it!

  • @zen-ventzi-marinov
    @zen-ventzi-marinov3 жыл бұрын

    Prager University

  • @BAMBAMBAM495
    @BAMBAMBAM4952 жыл бұрын

    liar, he doesnt even believe that, his intelligence is a sign of inequality, but the creating part sounds interesting ,

  • @smithrod63
    @smithrod63 Жыл бұрын

    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

    Ай бұрын

    Give me an example of a decentralized crypto please.

  • @smithrod63

    @smithrod63

    Ай бұрын

    @@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

    Ай бұрын

    @@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).

  • @beachsoap
    @beachsoap3 жыл бұрын

    Bitcoin

  • @XRPJAY00

    @XRPJAY00

    2 жыл бұрын

    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

    2 жыл бұрын

    @@XRPJAY00 hope so ! I'm big into xrp 😎

  • @justinjames6960
    @justinjames69603 жыл бұрын

    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 жыл бұрын

    All socialist countries provide a better quality of life than capitalist ones at the same level of economic development

  • @adriancygan9391

    @adriancygan9391

    3 жыл бұрын

    @@alexsch2514 Specially Spain, Greece or Zimbabwe yeah definitely.

  • @alexsch2514

    @alexsch2514

    3 жыл бұрын

    @@adriancygan9391 none of the countries you mentioned are socialist.

  • @adriancygan9391

    @adriancygan9391

    3 жыл бұрын

    @@alexsch2514 You're blind

  • @alexsch2514

    @alexsch2514

    3 жыл бұрын

    @@adriancygan9391 and you can't define the word "socialism"

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