Future of Money – Futurists’ Twitter Chat Thursday 4:00-5:00 EST #apf #futrchat #futureofmoney

The Association of Professional Futurists (APF) is hosting its second twitter chat on Thursday, November 18, 2010 from 4:00 – 5:00 p.m. EST. Use these hashtags: #apf #futrchat. 

Venessa Miemis  will join us as an invited guest  to share thoughts from  her recentSIBOS  keynote presentation and FOM research.

   

The Future of Money 

Beyond the currency arguments between nations, another more fundamental debate brews. You could say that it’s the difference between people who trust the traditional banking system and those that believe there’s a better way based on transparency, open data, and social bonds.   

Venessa Miemis ,Gabriel Shalom , and Jay Cousins developed a short film,“The Future of Money,”  for the recentSIBOS conference  in Amsterdam. In a series of interviews, Gen Y’s say why they feel distrust or a disconnection with the current system and what they see emerging in the social currency space.  

Updates 

On twitter, you can find tweets by searching for #futureofmoney. Here’s some recent posts pertaining to SIBOS.

  • Venessa believes that traditional financiers and Gen Y’s areliving in different worlds.   Her proposals and concerns: 
    1. Intelligent investing opportunities likeGroupon  local deals but for investing.
    2. Real-time data visualizations for money management likemint.com .
    3. Social network analysis for co-production opportunities that helps visualize network connections
    4. Local currency projects such asMetacurrency .com
  • Gabriel Shalom  comments on responses to the film andthe future of the FOM .
  • Chris Skinner , a financial expert and co-founder of Shaping Tomorrow website, attended Sibos and executive produced the video. He wroteblog responses  to Venessa’s ideas and added a number of other points.

And here’s a few developments since SIBOS.

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What do you think?

I’m watching to see what people believe about money. We all use it and by necessity, we each manage it for ourselves and/or for businesses. Is there anything more emotional than the power of currency? And how do you define currency? Economic, social, environmental, political, cultural?

What is money? What does it do and what does it mean? Are you worried about the future of money? Or is it all roses ahead? What drivers could plague money, and cause drastic change? Are we at or nearing a turning point? Is there a significant, fundamental gap between financial experts and us, the regular people? If so, is the gap in communications, worldviews or something else? Is the distinction or gap useful or an us against them battle? Will it be useful in the future?

I wonder if we will see a range of ideas, conflicts of opinions, or will we agree quite readily on the future of money. What, do you believe, are the big issues for money by 2020? Or by 2030? Is it social/community, trust, transparency, or are other lumps or gems on the horizon?

Please Join Us – an open tweet chat

You are welcome to join the APF #futrchat and say what you believe will be the future of money. At our premier chat last month on the future of education, an intensive hour flew by and the results gave a snapshot of many varied perspectives and experiences, like a speed scan or survey.

As we did last month, Jennifer Jarratt will pitch provocative questions and I will cajole, contribute, coax, and retweet the saltiest items. You can do the same, add links (if they pertain and are not promotional ads), and teach, inform, persuade, thrill, or terrify us about the future of money.

What do you think will be the future of money?

Image: Organic Grapefruit onThe Value of a Dollar Project by Jonathan Blaustein

Cap and Trade’s New Champion May Wear Red #green #energy #election

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When Jennifer Hicks, @SB_GreenBiz, editor ofSmartBrief on Sustainability, asked me to submit a brief comment on the election regarding environmental issues for their 17,000 subscribers, I said I would be honored.

Here’s my brief plus the background analysis.

Cap and trade’s new champion may wear red  : While environmentalists have few victories to tout in the election, one major hurdle was crossed. Instead of making every vote a party split, as happened on the 2009 American Clean Energy and Security Act, cap and trade and other energy measures can be addressed as issues, not political scores. While Democratic votes are nearly assured, Republicans can now lead the way. The success of cap and trade in curbing acid rain, reducing regulations and allowing the free market to work opens the door. If also tied to job creation, climate change may finally have a champion, clothed in red.

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What happened, really?

The election sent thirty House Democrats who passed cap and trade (ACES) home on Tuesday, so some claimed these environmental soldiers were doomed by their vote.

However, exit polls showed a different story. Voters overwhelmingly stated that their primary concern was the economy (52%). Energy concerned only 4%. (the deficit was second at 8%). All issues with the exception of the economy held absolutely no sway for the vast majority of the voters.

Plus half the Democrats that voted against ACES were also ousted. This was not a vote against – or for – the Cap and Trade Crew. So long as Dems pushed and GOP said “Hell No,” energy legislation was dead and completely discounted by American voters due to the oppression of economic misery.

This election was clearly about the economy and jobs. Period.

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Lost facts and a confused America

Tell me, has any Congress in history registered so many significant wins and conveyed them more poorly to Americans? Erroneous messages have gone viral. If people only hear conflicting narratives with no clear answers, no compelling vision, then they will be confused.

Clearly explaining complicated issues is essential to successful governance in the 21st century. Never in human history have there been better tools for creating or conveying messages. Washington needs drastic new ways to make difficult topics – like climate change and cap and trade – clear enough that we can agree or disagree with them.

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A route to victory

If President Clinton’s or President Reagan’s experiences of working with the opposite party are any indicator, we could begin an era of smart legislation and a renewed cycle of prosperity. After woeful beginnings, each of these presidents worked with the other party towards important legislation. And they got re-elected.

Since Reagan’s staff invented cap-and-trade to deal with acid rain from power plant emissions, there is a Republican basis to use this tool. Rather than the huge costs the utility companies predicted, they spend $3 billion a year and save $122 billion! That is enormous financial success in anyone’s book. It worked so well, the Europeans adopted it for their carbon emissions. We are not explaining a new idea; this history is filled with positive facts to tell the story.

Furthermore, while thirty ACES Democrats were ousted this week, far more remained. So did all eight ACES Republicans. If President Obama works with the new Republican House leadership on significant carbon emissions legislation and past ACES supporters and new Democrats sign on, we have the basis for a successful bill.

That’s why I say with a mix of optimism (the GOP is mandated to govern) and realism (the Democrats, esp President Obama, must collaborate, persuade, and stand on real change on GHG’s): Cap and trade’s new champions may wear red.

Thanks SmartBrief on Sustainability

Thank you, Jennifer and SmartBrief for inviting me to comment.

What did you think about Tuesdays elections in terms of environmental issues – energy, rail, smart growth, waste, water, air – green building and green cities? I’d love to hear! 

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 We did not come here to fear the future; we came here to shape it. BARACK OBAMA 2009

Images: Obama on CNN; Boehner on ABC News; masthead on UK Guardian; power plant on Smithsonian, carbon emissions from fossil fuels by end-use sector 2002 by Pew Center on Global Climate Change.