erk admin

spacerCircle of Good Will - Blog

The Financial Crisis – a Modern Tower of Babel

Christmas is the time for business partners to exchange standardized, automatic greetings, often void of any deeper sense. A few of these also arrived in my office. Some want to impress (or bribe?) partners by the value of their gifts, while others give their gift to a social institution. One card I got was of a different kind saying that instead of Christmas present they prefer giving the money to micro-credit institutions financing grass-root economics in developing countries.

Another agency sends every year very interesting small Christmas greetings. This year it was a little self-made booklet entitled “Money – Magic, Mathematics, Soap Bubble?”, together with a bill of “One Talent“, an alternative currency of the Initiative for a Natural Economic Order INWO in Switzerland, inspired by Silvio Gesell.

talent

Besides some short sketches of fairy-tales involving remuneration like that of Mother Hulda or The Star Money, the role of money in different religions and the development of money and digital money, the booklet containes a very interesting visualisation  of the momentary financial crisis:

To save the UBS-bank, Swiss government has given 66 billion Swiss francs. As a pile of hundred Swiss Francs bills, this is a pile of 79.2 kilometers height. For fighting the crisis in the States, the government has promised 8 trillion US$. This is an 8 with 12 zeros, or a pile of hundred dollar notes towering to 9.600 kilometers height (or about 6.000 miles). This sum is without the recent money promised to the automobile industry… An incredible financial Tower of Babel.

tower
Quite impressive, but not the height of the towers of money – the TV-tower in Barcelona, Spain.

Share and Enjoy:
  • Print
  • Digg
  • StumbleUpon
  • del.icio.us
  • Facebook
  • Yahoo! Buzz
  • Twitter
  • Google Bookmarks

One Response to “The Financial Crisis – a Modern Tower of Babel”

  1. Flowers on the Wayside Says:

    Oh, no matter what tower. Babel or Malaysia; or the greater ones of Dubai – but overcoming the language barriers by using a unified language such as Esperanto is certainly a step towards greater world unity.

Leave a Reply