We have said many times:
The adoption of money, to scale our activities over time and expanded distance, relatively recently, has created a competitive environment accompanied by unintended consequences such that we now face an existential crisis as a species.
https://www.outersite.org/wp-content/uploads/2023/10/TheMoneyParadox_final1010.pdf
In the last 50-60 years, tools and understanding have emerged from all the technological progress to date that can extend our native protosustainability methodology to sustain ourselves in the contemporary environment.
In the following video, John Titus explains the reality of the US Federal Reserve Board’s (Fed) activities since the 2008 global financial crisis. The Fed, under the direct influence and control of intelligence services, corporations such as BlackRock and criminal operations conducted by the likes of Jeffrey Epstein, has facilitated many agendas. The resulting plunder, death and destruction are direct consequences of how we humans organise ourselves globally.
ChatGPT summarises the video thus:
The video “Plundering the Crisis Economy with John Titus” features a discussion on how economic crises are exploited to concentrate wealth and power. John Titus, a legal and financial expert, explains how financial institutions and governments use crises, like the 2008 financial collapse and COVID-19, to justify policies that benefit the elite at the expense of the broader population. The conversation delves into monetary policy, the legal framework supporting such exploitation, and the broader consequences for society.
Plundering the Crisis Economy with John Titus (video 2 hours 2 minutes 16 seconds)
In this episode, Whitney, along with UH contributor Mark Goodwin, talk to John Titus about the recent US economic crises, the role of BlackRock on US fiscal policy during crisis events, and the brazen criminality of Wall Street and how deeply corrupted financial institutions enable their plunder of taxpayer wealth.
Published 10/07/24.
Wars are direct consequences of how we humans organise ourselves globally and currencies, particularly the US dollar, are weapons of war. Paolo Nogueira Batista explains why the US dollar is such a dangerous currency.
‘Dollar is a dangerous currency’ – fmr Executive Director at IMF (video 13 minutes 20 seconds)
Summary from ChatGPT
Paulo Nogueira Batista Jr., a former executive director at the International Monetary Fund (IMF), described the U.S. dollar as a “dangerous currency” due to its declining trustworthiness as the global reserve currency. Batista highlighted that the U.S. has weaponized the dollar, citing actions like freezing $300 billion in Russian assets, which has pushed many nations to seek alternatives. This trend is part of a broader movement toward de-dollarization, particularly among countries that feel vulnerable to the dollar’s use in geopolitical conflicts.
Batista also criticized the IMF for being a political tool that favors Western interests, providing disproportionate support to countries like Ukraine, while making it more difficult for nations outside Western influence to access resources. He emphasized that while the dollar will remain significant, its use as a political instrument is weakening global confidence in it
Paolo talks in the video about BRICS’ endeavours to create alternatives to the Western dominated financial systems and the need for a competing reserve currency. Creating a flawed competitor to Western systems and institutions will merely heighten division and conflict. The systemic incentives and penalties that led to the dysfunction of Western financial, economic, social and political systems would equally apply to any alternative leading, eventually, to similar chaos.
As we said in our paper, The Emergence of a New Organisational Paradigm and its Requirements, BRICS countries could use CBDC as a bridge to the new organisational paradigm. Distributed autonomous interdependent self-organisation (DAISO) fosters cooperation because activities and relationships are based in reality rather than intermediated and valued by money.
Direct Value Handling – A CBDC can capture, store and transfer in space and time unique
values/attributes of transactions and relationships. Such a CBDC would need to adopt the
Distributed Autonomous, Interdependent Self-Organisation (DAISO) protosustainability
methodology in order to be fit-for-purpose in the new organisational paradigm.
The Emergence of a New Organisational Paradigm and its Requirements