Everyone has the right to life, liberty and security of person.

This is as basic a right as there can be. It’s one of the foundations of Amnesty International, founded on the belief that people should not be carted off to jail because of their beliefs.

Founded in 1961 Amnesty International has campaigned since then for those people whose basic rights have been taken away from them like the two Portuguese students imprisoned for raising a toast to freedom.

Today the practice of imprisoning people without charge continues along with extra-judicial murder, disappearances and state approved torture.

Whoever you are and wherever you live, you should be able to go about your business free of fear that for some reason you will be taken away.

In some countries we have much to be grateful for. We should also be mindful that others do not share in our good fortune.

Everyone is entitled to all the rights and freedoms set forth in this Declaration, without distinction of any kind, such as race, colour, sex, language, religion, political or other opinion, national or social origin, property, birth or other status. Furthermore, no distinction shall be made on the basis of the political, jurisdictional or international status of the country or territory to which a person belongs, whether it be independent, trust, non-self-governing or under any other limitation of sovereignty.

This is a big statement.

It should be noted now that the Declaration is not a convention which means that member states cannot sign up to it. It’s merely, as it says, a declaration. Declarations are important however as they are statements of intention. This Declaration was intended to establish these rights and freedoms without distinction. In other words to override any concept of sovereignty. Which is probably why most countries have ignored it, in part or whole. Which is why it is important for us to revisit this not just to celebrate it every 10 years but to actual scrutinise it.

Is it workable? Would member states all be happy to stand up and make this Declaration out loud in front of the General Assembly? If the answer is no then it needs to be looked at again to establish its relevance.

These days I get asked by a lot of people where they should invest their money. It’s a good question given uncertain times. Not only are we experiencing a traditional recession but there are concerns about the actual financial system itself.

This in turn has led to a somewhat deeper examination of money itself: its construction, process and ultimately its value.

Personally I’ve been in cash for the last 18 months having sold out of commercial property investments. Now, as interest rates are cut heavily and our banking system is on its knees, cash doesn’t seem as appealing as an investment class.

What if rates continue to fall? What if new rules are introduced such as limits on withdrawals, foreign transfers, currency trading etc? What if interest is frozen, bonds converted to equity and so on.

Gold is often mentioned as something useful to hold. I’m not a big fan of it myself but it’s likely to be worth something at some point so does have some holding appeal.

What I’m most interested in at the moment is investing locally. This could mean sticking in a decent veggie patch (if you have the space, which fortunately in NZ we do). How about investing in renewable energy for the home, solar heating, a wind turbine, battery pack etc? Normally its a bit upfront payment but at least you know you’ll be getting a decent return in KwH rather than cash.

But also investing in local food systems, local infrastructure or local transport. These all appeal because they can provide a return, real or cash,  and they keep cash circulating locally, which keeps people employed and boosts confidence in the community.

It’s an opportunity for local councils to get involved as they are struggling to riase cash at the moment given the rush into government guaranteed bank deposits. Many people talk about sending money overseas as they are worried about the falling NZ$ or whatever your local currency is. I say be careful. If you can’t access your cash in person then you have a much higher risk profile. Foreign cash deposits can be the first items to be frozen when new rules are applied. If you are worried about currency risk you can always do a forward currency trade with your bank or hedge through an online fx company.

There are some useful websites about this including, of course, Financial Permaculture as well as Catherine Austin Fitts at Solari. If readers have any useful links or ideas on this please let me know.

This story comes from those good folks over at Ode. Remember the days of VSO, working abroad as a volunteer, helping out in any way you could? Well now you can do it from the comfort of your own home.

Nabuur.com has launched an online resources to connect villages with helpers…online. Projects get posted up and help asked for. Then volunteers with particular skills can connect with these projects and provide the service. It sounds like another great way to connect people and let ideas and skills flow around the system.

It also allows for a wider pool of people to offer up knowledge and skills they have but may, for whatever reason, not be in a position to share in person.

“All human beings are born free and equal in dignity and rights. They are endowed with reason and conscience and should act towards one another in a spirit of brotherhood.”

What I love about children is their innocence and their ability to accept people as they see them. The idea that we are all the same resonates with them. Sure we all look different on the outside but the key here is that we are born free and equal. At that moment of birth anything is possible. Then its a descent into society, culture and the rest.

The key here is equality in dignity and rights. It doesn’t mean we are all the same as clearly we all have different abilities. But just because someone can run faster than me doesn’t make them a better person. This is the key to dignity and rights.

We all deserve those. If we get them early in our life its likely we will turn out ok. At least that’s what I hope for.

New Zealand is fortunate to have its own state backed (sort of) bank in Kiwibank. Promoted by Jim Anderton (who quietly understands the money system) it has come centre stage in the recent financial crisis.

With its NZ Post guarantee it had attracted huge funds from worried savers over the last 12 months. Now that all bank deposits have been guaranteed it is perhaps less attractive. Until today.

Winston Peters, the enfant terrible of NZ Politics, today proposed that Kiwibank handle all government business.

What a great idea. Why continue to pipe $4lbn odd in profits to the Australian banks?

Having domestic control of your monetary system is an absolute prerequisite for a properly functioning sovereign state.

Colonial invaders always replaced the local currency with theirs as soon as local administration was in place. Currency issuance is all about control.

If someone else is in charge of your money then you have limited control over the functioning of your economy.

I suggested in June 07 that the RB use the opportunity of the high NZ$ to buy as much foreign currency as possible whilst the market was hungry for NZ assets. Now with the NZ$ around 0.60 and our overseas borrowing binge fully exposed, the situation is less than favourable.

The lessons of Iceland show that sovereign control of the money supply is essential and as part of that a strong domestic banking system is a necessity.