The causes of the continuing financial crisis are very simple aren’t they?
Fear – greed; fear that people won’t voluntarily seek to be productive; fear of the illusion of loss; loss of the illusion of control of the masses – and so many other possibilities.
Habits – the idea that we can keep printing money without any backing and that the current global financial ponzi scheme can be sustainable; that we like our status quo even if it doesn’t work; that we are addicted to the controls and illusionary “values” we currently have – and so many other possibilities.
Ignorance – not realising that there are solutions that are scary but could work; not learning from the past; just repeating with more ferocity; believing that power over others is essential – and so many other possibilities.
There are too many countries, including the largest, that will never be able to repay their debt.
The current system is doomed; it is just a matter of when, not if.
A frightening solution could be to take a multi-stage journey into new territory:
Stage 1
- Write off all debt globally and between all parties, even individuals.
- Revalue (downwards) everything in the light of that write off.
- Reset the global currency value to that of gold at the date that the gold standard was abolished.
- Set a ceiling and a floor on interest rates that can be charged on loans, not based on market sentiment.
- Abolish sophisticated financial instruments that enable making money from money – a greedy and lazy stupidity. Making money from money adds a minus value to everything.
Stage 2
- Globally invest in creating a global energy grid based on parabolic solar collectors on 5% of the earth’s unusable surface – see Buckminster Fuller’s book “Critical Path”.
- Convert fiscal currency to energy currency (i.e. the amount of energy required to bring products and service to end users) – in other words account like nature does.
- Give everyone a smartcard into which at every midnight GMT a certain amount of energy currency is downloaded – sufficient for all comfortable requirements for say two days.
- Enable energy currency to be saved and invested, but without the ability to make energy currency from energy currency, as we do now with money.
Stage 3
- Replace fossil fuels with solar and other renewable energy sources;
- Enable artificial intelligence and robotics to do what they can in replacing essential human effort.
- Free everyone up to do what interests them the most in being appreciated and valued by their community.
- Re-green the planet.
The current primary and incorrect assumptions borne of fear, habits and ignorance that keep this crisis in place are:
- That people are essentially lazy and ‘bad’.
- That people need to be controlled by fear and fiscal means, because they can’t manage themselves.
- That the powerful can’t thrive unless they have the current control they think they have.
There will always be a small percentage of people who will remain lazy, ‘bad’ and won’t be able to manage themselves – they already exist.
Even in an energy currency world where everyone has enough to thrive on, there will still be people trying to steal your currency, there will still be crime and corruption and there will still be the majority of people who are good, even great and productive members of the community.
Human nature is what it is right now, though it is improving incrementally.
Can we survive for our future families to reap the benefits?
What do you think?
