Starting anew: The economic phoenix without any need for ashes being involved

So, lets imagine we have reached the point where the financial system as we know it has collapsed.

Money simply doesn’t work. What happens next?

Well, people need to eat. People need to be able to buy essential food. People then need to be able to secure the basic essentials that they need too.

With no money in circulation, or no money that has value in circulation, people will begin to exchange or swap what they have and have accepted they don’t need, or can do without, for the things that they do need and that they cannot do without.

No law, regulation or threat from any authority will stop this.

When people are going hungry or need to provide, they will do whatever they can to secure whatever it is they need, and swapping, exchanging or bartering is a lot more civilized than what will happen if theft or violence becomes the next step by default.

The good news for us all, is that whilst the system may have collapsed around us, the technology and infrastructure are unlikely to have disappeared. The issue we face is that the technology and infrastructure isn’t currently set up to work in a very localised or microeconomic way, when this is how we need technology, infrastructure and the governance that oversees it, to help all of us.

A True Economy is all about People. Not money. Not things.

The foundation of the new economic system ‘The True Economy’ will be the value that we place on people in a very practical and measurable way: The input or contribution that each person makes.

The ‘True Economy’ is quite literally all about putting People First.

By basing and then building our entire economy on the value of the input or the contribution that each person makes, we will create The Basic Living Standard for All.

It will be the priority of our whole new system of governance to maintain The Basic Living Standard, as by doing so, the majority of the social problems that we have, won’t just disappear or be removed from view. They will be gone for good.

The Tipping Point of the coming Economic & Systemic Crash

Whilst a systemic and financial collapse may not appear to be or have the stop-start feel that the ending of one system that will have to be replaced by another suggests, the reality we face is that for what may only be a short period of time, none of the currencies we use either in physical or digital form, will have any value when it comes to being able to secure anything that we need to buy or survive.

Despite what your immediate thoughts might be after reading that we might find ourselves having to function without any form of money for a period of time, it is within or as part of the collapse of the financial part of the current system where the seedbed of the greatest opportunity for getting everything right for our future exists.

When boiled down to the purest elements or the nuts and bolts of what the current Top-Down hierarchical system really is, it is all about the belief that everything we do or that we can achieve in life is based on money and the accumulation of material wealth, and the power and influence that supposedly goes with it.

At the point when circumstances and practicality tell us through our experience, that this belief, idea, principle, motivation – or whatever you want to call it, no longer works, we will have reached a seminal moment when the light can shine through on the darkness of our current reality, and our true values and understanding of what life is and how it should really be will have an open door to changing life for the better for us all.

I’m not trying to make light of what happens when the world we know that runs on money in every way, simply stops functioning because money doesn’t work anymore.

It will be hard. In fact, it will be very hard. But adversity really is the mother of invention, and it is at this point that we have the opportunity at local, community level to establish a new True Economy, based on Local Market Exchanges, that will feed into and provide the basis of how our entire new system of governance works.

The real value of Money and Cryptocurrencies (DeFi) today

Crypto or Cryptocurrencies have become increasingly popular in recent years. But in their current form, they have a massive and potentially terminal flaw: Today’s Cryptocurrencies are worth ZERO.

Today’s Cryptos work on the same basis as the FIAT Money system that they were intended to side-step.

The value of Cryptocurrencies is based only on what anyone believes.

For many of us, this is a very difficult message to understand. We only have to look at news in the media that suggests Cryptos such as Bitcoin are worth tens of thousands (x10,000) of £Pounds, $Dollars or the equivalent in many other currencies or monetary terms to see what people think they are worth.

Yet Cryptocurrencies are not tied to anything of value. They do not have anything of value linked directly to them. Even the arguably sensible idea of only creating a limited or finite number of them doesn’t answer the fundamental questions or realities of what a currency or any form of money is, and how they should really work.

Money is a unit of exchange. Money is a value transfer tool. Money is a medium and nothing more.

Money has become the benchmark that is set against everything in our lives, because making us believe that its value is real has benefitted someone else’s greed for wealth, power and influence in some way.

With the FIAT Money system about to collapse, we are all going to go through the process of realising the real value of the things that we genuinely need, as opposed to the things that we want.

That process will lead to us rediscovering what the real value of money and any form of currency really is.

When money or currency of any kind can no longer be used to buy anything, either because we simply don’t have enough of it, it’s not tangible, or because what we need is not available to buy, circumstances will force us to appreciate what the value of the things that we need really is.

We can have a money-focused economy, or we can have a people-focused economy. But we cannot have both

The really hard bit of the coming collapse or crisis that through things like price rises and the cost of living crisis can already be seen to be underway, is understanding, accepting and then acting upon the reality that our destructive relationship with money is all about the way that we think.

We quite literally have to do ‘cold turkey’ to get over the money-based addiction that is destroying us and the world around us.

And as part of that process we have to accept that as is the case with every other addiction, there really are no different levels of addiction involved.

There is no halfway house.

If we continue to maintain our belief in money and continue to award it the value that we do in any way at all, we will damn ourselves to repeating exactly the same mistakes of the past, no matter how much we do to correct everything in life as we have the opportunity to do so right now.