All

Nations that fail to adapt to the end of financialization and globalization will unravel. We all sense the global order has cracked. The existing order is breaking down on multiple fronts. Those who have benefited from this arrangement are doing everything in their power to patch the cracks, while those who chafed under the old order’s chains seek a new order that suits their interests.

As for our central banks’ defaulting on their lines of credit with the Martian Central Bank–that’s another alien intervention we’ll live to regret. I hope this won’t shock the more sensitive readers too greatly, but I’ve discovered undeniable evidence that all our planet’s problems are the result of alien intervention.

Sealing the USD’s coffin requires conjuring up a replacement reserve currency, and that turns out to be a lot more challenging than many understand. You know the scene in movies where the body-bag is being zipped up or the coffin lid slid into place when the recently deceased startles everyone by suddenly sitting upright?

Stocks don’t vanish when sold; somebody owns the shares all the way to the bottom. These owners who refuse to sell because they have convinced themselves the next dip will be the hoped-for resumption of the bullish trend are called “bagholders.” Trends are tricky.

The solutions will come not from those profiting from inequality and scarcity but from relocalizing “money” and production to create degrowth community economies. We think we understand “money”–we don’t. We think the current versions of “money” are the final versions–they aren’t. Understanding “money” requires some heavy-lifting, but it’s important, so let’s dig in.