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11:16 am
September 9, 2010
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John G Root Jr
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Understanding money is crucial to creating a socially just and abundant society in harmony with our spiritual journey and in harmony with nature. The Common Good Bank is based on a genuine understanding of money. When the CGB is established it will allow those of us who can visualize a spiritually inspired, socially just and sustainable society to realize it. This is because, in the world created for us by the banksters, money is scarce and only available for bank approved purposes. The CGB, however, is democratically controlled by its member depositors and so money will always be available for those things that allow us to create the society we want. There will be no shortage of money for the things that we, as a community, believe will increase the Common Good. When did anyone ever ask you what do you think we should fund to increase the common wealth? The crucial understanding that underlies this possibility that the CGB gives us, is that the money is not valuable in itself. Money represents the real goods and services that are available making them commensurate so that they can be easily exchanged. What one may readily appreciate is that those exchanges happen when both parties to the exchange believe they will be better off as a result of the exchange. Human nature makes us increasingly better off. Now in the world created for us by the Banksters all the money is created as debt, bearing interest. The "better off" is going to pay the interest to those who receive more interest than they pay (about 2% of us) and the 98% of us who pay more interest than they receive are transferring their wealth to the elite 2% automatically without realizing it. The Common Good Bank allows us to interface with the existing system while providing the means for creating the society we want! What do you think we should fund to increase the common good and the common wealth?
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The Means Assures the End. Do the Good!
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8:22 pm
September 8, 2010
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ccmeyer
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Post edited 10:53 pm – September 8, 2010 by ccmeyer
I think the greatest challenge to achieving sustainability is our corporate-dominated economic and political system, and the key to change is through the financial system. The common good bank model has the right structure to facilitate vibrant and sustainable local economies. And its emphasis on democratic economics enables community participation in determining investment priorites and profit distribution.
I'm excited to work at implementing the CGB model!
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1:35 pm
September 8, 2010
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rjones
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To me the most important point about CGF is that it offers a comprehensive sustainable alternative to the corporate-dominated global market. I am sure I do not fully realize the awesome power of corporate interests around the world, but if CGF can make a dent, I want to be part of it!
Randy Jones, CDO 
Salem, OR
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12:21 pm
September 8, 2010
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rickdevoe
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I have all but given up on our political system after trying to work through it all my adult life. Even though I worked hard, most recently, as a key organizer of the labor vote in Nevada for Obama and the Dems, I was under no illusions about the likelihood of his (or their) intention or capacity to bring about the fundamental changes that we so urgently need. We must somehow do an end run around the power structure to challenge the ruling elite and that "somehow" can be Common Good Banking. Those who dictate political and economic policy control the banking system and use the money creation process to advance their own ends at the expense of the vast majority of people and the environment. Our power to challenge this plutocracy will increase as we displace the existing monetary system with one of our own through Common Good Banking.
There was a saying in the 70's that "If you're not part of the solution, then you're part of the problem." Common Good Bank can for the first time give people who want to make a difference in their communities, society and world a real choice – a powerful way to withdraw their consent and energy (money) from the present corrupt system and put it toward building something new and truly democratic.
Rick DeVoe
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2:20 am
September 8, 2010
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Richard Todd Chinnock
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Post edited 11:33 am – September 8, 2010 by Richard Todd Chinnock
What do I find compelling?
Well, I could talk about the power of harnessing fractional reserve banking for the common good through democratic economics. Or, I could talk about the ingenuity of blending the best of both credit unions and banks. Further, I could talk about the amazing possibilities afforded us (The Commons) through reaping the banks profits.
But, what I find most compelling of all, is being able to say to my son when he asks,
"Why are grown-ups always talking about money?"
"Because they are trying to make sure that everyone has enough and guess what, they found a way!"
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12:54 am
September 8, 2010
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ekrawczyk
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Post edited 11:25 pm – September 8, 2010 by ekrawczyk
The common good bank plan can restore active participation in local stewardship and build healthy and resilient communities. By modeling the responsibility to support the common good, this plan helps communities celebrate and value their diverse capacities and resources. Churches and families have long valued the unconditional responsibility to take care of its members, but have seen significant declines sustaining this ethic in recent times. I believe the spiritual and family health of our nation will respond positively with the intervention of local common good bank divisions. Empowering citizens to support only the businesses who contribute positively to the common good demonstrates the impact that consumers can have on removing the injustices of the world. Banking is at the heart of all economies and is the most significant shopping choice anyone can make for a better world. See the 20 years of data highlighting this important choice at: http://www.betterworldshopper
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9:46 pm
June 15, 2010
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wspademan
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Post edited 9:46 pm – June 15, 2010 by wspademan
Richard Kerver says (by email):
[Here's a] good article on why we need CGB:
Banks Profit While Our Farmers Fail:
When banks call in farm loans at the first opportunity, it destroys families, communities, and regional
economies.
Published on Monday, June 14, 2010 by Lisa Griffith
http://www.otherwords.org/arti…..rmers_fail
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6:38 am
December 25, 2009
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Tom Butler
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The Small Mart Revolution by Michael Shuman is the best constucted arguement ever printed for these types of programs and why they work better than any other form of economics on the planet. Compassionate capitalism is the best thing that can happen to humanity because greed kills even capital markets. Finally most Americans had to learn this the hard way again these past couple of years, they understand the problem now, but not necessarily the solution. Thankfully Common Good Bank appears to be on the right track here so far, we only need to see how they execute as they grow.
Ready to invest as soon as it is possible to do so and I gave a small donation of all I could.
Keep up the great work folks.
Tom Butler
Elkhart, IN
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12:02 pm
December 13, 2009
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Anca Pantazica
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I love this idea ''A social mission with a bank'' and I'm ready to get involved!
I''ll support and promote this idea! Thank you very much!
Anca Pantazica – Romania
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11:18 am
December 13, 2009
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Susan B. Shann
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I awoke this morning with the clear realization that I need to support this mission and do all I can in the Nashville area to spread consciousness about what the Common Good Bank represents, the potential for major change at the most fundamental economic level in the lives of those who need it most. As I continue to learn more about the Transition Movement (entirely focused on the combined realities of peak oil and climate change, and on developing community resilience through relationship building, skill networks, asset management systems and resource availability at the local level) and become increasingly aware of the inability of either state legislators or our Federal monetary system to act / operate in support of the common good of the American people, I am convinced that this mission is not only appealing in its vision, but essential if we are to preserve our collective ability to act decisively on our own behalf.
We can no longer afford to remain in denial, or wait in the vain hope that our political and financial systems will somehow change on their own. There is too much vested interest in ensuring that this does not happen. I believe we truly live in a world of abundance, but that such abundance can only be experienced when we redefine our understanding of what that means, to give of ourselves without hesitation, and refuse to believe in separation. The Common Good vision reminds us of this deep, abiding connection we all share with each other and with all of life. Let's move fearlessly forward on making it a reality!
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11:02 pm
November 29, 2009
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Marlin Benton
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It is about time we joined together as a real democracy–isn't that what our founding fathers wanted when they came to start a country, free from oppression, where all people had a voice in the community's decisions. The financial services industry has made it nearly impossible for the "little guy" to succeed and all of our country's wealth is held by the mighty corporations. A bank that looks out for the common good of all people is an idea that has come of age. Its time to look at "paying it forward" and looking out for our fellowman, and our own families, for a change. I'm ready to get involved!!!
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4:35 pm
November 24, 2009
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Ryan Mlynarczyk – Di
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We love this idea! we are making a documentary film about our visits to over 87 sustainable communities, on a 6000 miles bicycle journey around the USA this past year. we are currently in post-production on the film, with a scheduled release day for April, 22, 2011 (earth day). We often give presentations on the subject and include redefining progress, and our perspective of money in our conversations/presentations. We are slready starting to promote this idea and website! thanks so much!
Ryan
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1:01 pm
October 19, 2009
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John G Root Jr
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Competition in the economy is a direct result of the monetary system. Issuing the currency as debt and charging interest creates a scarcity of money and the transfer of the claim on real goods and services that money represents to those who receive more interest than they pay from those who pay more than they receive. At the moment that one realizes that the money is not valuable in itself, that all it does, can do and should do, is represent the real wealth, goods and services, so that they are commensurate and can be exchanged, then the undue power of money disappears. There is a very simple observation that one may make about human nature: We make an exchange when both parties to the exchange reckon that they will be better off as a result of the exchange. Each exchange makes both parties better off, in the aggregate we should all be increasingly better off. We are not because the surplus is going to pay the interest. Interest can only be conceived of as legitimate if we assume that it can be divorced from the real goods and services. To understand this let us use an example where we also have a unit of measure and an instrument to make the unit useful. Dollars and cents are the units of measure which make all the goods and services commensurate and money is the instrument we use to exchange the goods and services, which makes the measure useful. Hours and minutes are the units of measure and the watch is the instrument we use to keep track of time. Hours and minutes are just as subjective (time stands still and time flies) as our relationship to the myriad goods and services. It is absurd to imagine that we could store time in our watch, or manipulate time with our watch. But this is exactly what interest does when money can increase through interest. Money making money, let your money work for you, etc. may seem reasonable but they are a fiction we have implemented through our debt based monetary system.
To keep this short let us just say that the Common Good Bank, with its democratic processes and control will allow us to discover what money really is! If all the productivity gains of the last century had not been siphoned off to the super wealthy we would all only have to work less than a day a week to take care of all of our material needs. The rest of the time we could be pursuing our spiritual or self actualization needs. and we will be as Common Good Banks replace private banks and we learn how to issue the money debt and interest free!
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12:09 pm
September 20, 2009
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chan sharma
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This is an excellent idea that truly adds value to the lives of others, very interested in your work and would be very happy to share and lend support, keep the good work going and remain blessed.
chan sharma,
member of parliament,
trinidad & tobago
868 678 2426
mpcsharma@yahoo.com
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10:17 pm
February 21, 2010
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wspademan
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