International Monetary Transformation is Essential for the Future of international development!
It is TTRIMS Time!

International Institute for Monetary Transformation Logo
International Institute for Monetary Transformation Logo

Monetary Transformation is Essential for the Future! It is Ttrims Time!

International Institute for Monetary Transformation

Research and Action on Monetary Transformation

Go beyond ESG (Environmental, Social, Governmental) and know the crucial role of the monetary subsystem of the world economy to stabilize the climate emergency by the adoption of a decarbonization-based international monetary system with its associated money-based financial system, its inequality-reducing fiscal system, and its UN People's Bank-regulated commercial system. This transformational world view is competing with those of the IMF West, BRICS East, UN, Global South. It represents a transformational Bretton Woods 3.0 which includes the reformist Bretton Woods 2.0 of the IMF.

Introduction

11/1/2023
The audience of this website Is every concerned and thinking person on the planet. All of us can be categorized as either being parts of governments or the public sector, the business sector or civil society. Thus, each of us can learn from his or her fellow citizens, whether thay belong to governments, business, or civil society.
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    Ablity of change it is different for everyone and so is systemic change, particularly if that systemic change is international stransformational change. However, such ssytemic change is demanded from each of us if we want our children and grandchildren and the planet herself to have a future. We have to develop a sustainability vision that is to be applied to both the four subsystems of the world economy.
    This sustainability vision is to be applied foremost to the international monetary system bacause this subsystem of the world economy is the first among eqquals in the subsystems of the world economy. Transforming that unjust, unsustainable, and therefore, unstable international monetary system would impact of the transformation of the financial, fiscal, and commercial subsystems.
    The international monetary system can be transformed by making it work towards decarbonization of the overlapping local, national and international monetary systems. In the draft Prologue and Chapter 1 of the 2024 “Transforming the world economy: The TTRIMS monetary sustainability framework“ that are part of this opening page and provide a short overview of the rest of the website and the the 2024 Transforming the world economy book that is the sequel to Verhagen 2012″The Tierra Solution: Resolving the Climate Crisis through Monetary Transformation”.
    Though it will be governments in last instance that willl decide the structure and process of a decarbonization-based international monetary system.it will be people power that wiil have to psud business and governments to do their part in this transformational endevour that can be compared with a transformational Bretton Woods 3.0 given its need for an overhaul of global governance to make climate stability reachable.

World Leaders Gathered

World leaders gathered on Tuesday at a moment of severe geopolitical turmoil, as the global economy slinks toward recession, weighed down by high inflation, a growing scarcity of food and the side-by-side threats of oil shock and financial crisis.
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    https://www.nytimes.com/2022/11/15/business/economy/world-leaders-meet-as-global-economy-faces-multiple-threats.html
    President Biden and his counterparts in many of the Group of 20 nations, which include wealthy countries like Britain and Japan and emerging markets like India and Brazil, are pushing for an aggressive and coordinated response to those threats. They hope to broker agreements meant to dampen global oil prices, help emerging markets escape crushing debt and increase food supplies to poorer nations
    ……… “Hopeful signs of recovery last year were replaced by an abrupt slowdown in the world economy because of Covid, the war in Ukraine and climate disasters on all continents,” Kristalina Georgieva, managing director of the I.M.F. WHAT ABuot coming up with some tansformaitonal thinking rather than making unsure predictions?
    ……….
    . Central banks around the world are raising interest rates rapidly, in order to tame the runaway inflation that has been fueled in part by supply shortages prompted by Russia’s war. Those rate increases are helping to strengthen the dollar against foreign currencies, and they are hurting countries like Sri Lanka, Chad and Ghana, which borrow in dollars to bring food, fuel and other necessities to their people. Administration officials want to push the International Monetary Fund to accelerate debt-forgiveness efforts as more countries come under financial pressure from rate increases.
    Eswar Prasad, a professor of trade policy at Cornell University, said the increased strength of the dollar relative to other currencies was amplifying inflation for countries such as India, because the goods they import that are denominated in dollars have become more expensive.
    “Indians acknowledge that the Fed needs to do what the Fed needs to do, but there is some resentment that the U.S. monetary policy is creating a lot of complications for India,” Mr. Prasad, a former I.M.F. official, said.
    COMMENT
    The sorry state of the world with its several emergencies and short-term threats could be improved if more time and resources were going to be spent on developing a framework based on the values of justice andsustainability.
    The TTRIMS (Tierra TRansformed International Monetary System) sustainability framework of international development is being presented as one of such frameworks. It has been developed by a sustainability sociologist of international development at the International Institute for Monetary Transformation. Details in https://transformmoney.org.
    Comment section closed at 8 am. at 80 comments open only for one day.

Climate Stabilization

11/3/2023
At the current CO2 emissions rate some six years are left to keep global heating at 1.5 degree Celsius. Even climate scientists are sounding the alarm and start using strident language of climate emergency according to a recent article in the Washington Post.[1] Governments, business, and civil society are playing a dangerous game that may threaten even modern civilization rather than only the Earth’s atmosphere.
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Economic Concentration

11/3/2023
There are numerous books, articles and internet sources dealing with economic concentration that show in all kinds of ways that the rich get richer, and the poor get poorer. Less numerous are the sources that try to deal with this financial inequality that has become entrenched by a pollical system that makes the monetary, financial, fiscal, and commercial structures subservient to these economic elites.
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The Debt and Money Systems

11/2/2023
One of the best sources of understanding of how debt and money systems interact is the extensive resources section of the Alliance for Just Money[1], the educational arm of the American Monetary Institute. The section shows in articles, videos, different bibliographies how citizen monetary organizations(CMOs) are trying to develop the present debt-based financial system into amoney-based financial system by advocating taking the money creation from the banking system back into public sector, and by transferring the US Federal Reserve into the US Treasury Department.
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Transitional Justice

11/3/2023
Transitions take place in persons, communities, nations, and international organizations, public or private. EPE - Transitions(globalepe.org) present an educational approach much of which can be applied this transitional justice webpage. Youth, parents, seniors and the TTRIMS challenge - Transforming Money(transformmoney.org) shows details about workshops about money that were part of the UUA’s preparation for its 2017 important Statement of Conscience (SOC) of “Escalating economic injustices” that is available at https://www.uua.org/action/statements/escalating-economic-inequity. It is this SOC that is the basis for a planned 2025 SOC on “Escalating Monetary, Financial, Fiscal, And Commercial Injustices, and Their Mounting Monetary Oppression”.
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Global Governance

11/3/23
Each nation is challenged to govern by keeping “factions” under control according to James Madison, the foundational thinker and actor inthe case of the US polity. Chapter 6 in David Orr’s “Dangerous Years: Climate Change, the Long Emergency, and the Way Forward” shows how he managed notwithstanding the half dozen shortcomings of the US Constitution.
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UN Peoples' Bank

11/2/2023

The webpage consists of two main items: an August 2022article in https://transformmoney.org and the promising legislation HR4065 about the establishment of a National Infrastructure Bank. Its organizing package at https://www.nibcoalition.com/organizing-packet where its summary and talking points are the most important sources of information. The third minor item is the correspondence of Dr. Verhagen with Professor Huber, the acknowledged specialist on sovereign money, about the TTRIMS monetary sustainability framework and its Tierra monetary architecture.

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World Peace

11/2/2023
While the study of World Peace focuses in various ways on its three dimensions of social, ecological, and economic peace, the study of the Tierra Transformed International Monetary System (TTRIMS) sustainability framework of global governance and international development is foremost dealing with the monetary, financial, fiscal, and commercial subsystems of the world economy, and to a lesser extent with the social dimension.
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People Power

11/2/2023
The main hope for humanity and the biosphere is the empowerment of thoughtful and concerned people who would lead their fellow humans to pursue integrated justice on local, national, and international levels. Integrated justice is sustainability justice comprising the hundreds of social, economic, and ecological justices. Transitional justice is integrated justice that is mostly applied to situations of great importance such as a major transition.
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Synthesis in COP28
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The TTRIMS Declaration

12/8/2023
The world economy is to be transformed by the Tierra decarbonization-based international monetary system leading to a transformational Bretton Woods 3.0 by the adoption of the TTRIMS (Tierra TRansformed International Monetary System) monetary sustainability framework convention. It would realize the aspirations of the 1974 New International Economic Order.
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