The real estate market is trashed, money markets are unstable, commodities are in the tank, the banking system is corrupted to the core, inflation is looming around every corner, and the politicians are engorging themselves in a game of Gridlock.
There is no safe place to put your money
Instead, people are investing their productivity in social media – social media is simply a storage device for knowledge assets. Soon it will become a stock exchange for knowledge assets. Investors should not take this lightly – the best place to store your money is in the real productivity of real people.
People are trading knowledge assets in social media
This exchange is denominated in social currency. If we mimic the structure of the Financial System with the emerging structure of Social Value Systems, we see a huge opportunity to develop an alternate financial system that can capitalize and securitize knowledge assets in social media.
Community Currency Systems are not new, in fact, they preceded the current financial system by, say, 50,000 years. The focus of this blog resource is to investigate all currencies and reflect them upon the image of a vast new technological breakthrough called social media.
Our hope is to discover, specify, and influence the formation a new financial system that allows communities to trade among each other for basic goods and services before, during, and after the “reboot” of our current economic system. We are optimistic that the current economic system will ebb in favor of a next economic paradigm that reflects social priorities as a means of meeting Wall Street Priorities. We’ll be posting several articles on the subject in the coming days.
Here are some of the earlier resources to get you started on local currency and other aspects of community economics. I like the early systems because their rationale was independent of more recent influencers such as 9/11, TARP, GWB, etc.
The underlying asset that supports both the Collateralized Debt Obligation and the Collateralized Innovation Obligation is a person and their ideas; one is an asset and the other is a liability. Both types of people go to work every day to interact with other people. They both share ideas and create better ways of doing things. People increase human productivity through fault tolerant networks and support systems. They transform information into knowledge and innovation – and both pay their mortgage.
We have set up a new game for entrepreneurs to play called Innovation Economics. We have defined a currency and an inventory where knowledge is visible outside the construct of the corporation – and resident in social networks. We have also described a way for entrepreneurs to visualize the knowledge asset and the supply and [...]
The real estate market is trashed, money markets are unstable, commodities are in the tank, the banking system is corrupted to the core, inflation is looming around every corner, and the politicians are engorging themselves in a game of Gridlock.
