20TH HOUR – FUTURE OF MONEY – MOHSIN ABBAS – CLIVE MENZIES – 28TH FEB 2021
Discussion on Ahlebait TV: Digital Money; Robo-Advisers; Crypto-Currencies; the Cashless Society; Data-Driven Money; Money with a Purpose.
We are planning to publish more detailed information shortly but in the meantime, as an aide-memoire, there is the slide deck presented to the DCGI (Digital Currency Global Initiative) in February 2021 and the following references provide additional context to the discussion on the future of money:
RUB-A-DUB-DUB, THE BUTCHER, THE BAKER, AND THE CANDLESTICK MAKER – TOKENISED IN 7 DAYS
Early thinking on tokenisationRUB-A-DUB-DUB, THE BUTCHER, THE BAKER AND THE CANDLESTICK MAKER – USURY IN 7 DAYS
The distortion of rewards within the current system
The Great Reset agenda is a consequence of the structure of the political economy driven by (exogenous – external, provided by a third party) money. Money is driving human behaviour, giving rise to perverse consequences.
The new political economy, powered by ENabling Tokens (endogenous – integral to human activity) values both human Needs (consumption) and Capacity to Create (production) – see Taxonomy of Money referenced above. Without Need or consumption, there is no value in Create or production.
Advantages of ENabling Tokens
- Financial and Economic Stability
- Optimise Resources, deter Waste and Environmental Destruction
- Financial Inclusion
- Societal Cohesion
- Remove Motivation for Theft, Fraud and Financial Crime – most crime starts and is supported by people being unable to satisfy their Needs