6 Comments
User's avatar
Vik Jindal's avatar

The best piece of writing I have read on money in a great while

Adam's avatar

👍🏼 yes.

oh's avatar

Wowza! Synchronicity!

I wrote this in my journal yesterday:

“I yearn to be heard, yet there is something within me that hijacks that impulse and tells me to be small.

I honor that part of myself.

Yet the limitation that it has created for me chafes as I feel the dawning of something splendorous coming to this world.”

You wrote:

“This is reflected in a lot of the ways money currently attempts to find purpose, meaning, and growth (and seems to be chafing at their limitations).”

Chafing limitations?

On reflection it is t that big a deal, but when I read that line it hit me like a stack of bricks.

Julian A. Giacomelli's avatar

Thanks for this great post, it really resonates with me. Of course. I recognize that it takes a bold person and a real adult to grow up relating to money and to grow their money stance up when others aren't around them. It also takes my humble opinion a certain amount of material comfort to consider. This. Not too much, just enough that there isn't scarcity and lack running through their daily lives. I'm on this journey.

Winds Of Fate's avatar

Nice yeah have been thinking a lot of this recently too. My substack is dedicated to the emergence of Teal society. Scrawled in my notebook some months ago “It doesn’t take all that much to become a full time agent of change. Society is composed of Caretakers, Producers and Continuers. The first category is tasked with the most sacred duty in preserving the third: our links to the infinite on either side. The health of children and the elderly is the health of innovation and wisdom. Thus producers are tasked with providing for all 3. This large group in the middle has a bell curve of participation from 15 to 75, which alongside the caretaker path we call adulthood. We are presently living in the era in which these 3 groups are most separated. However, the adult bell curve is asymmetrical along the time axis when accounting for obligation, for the simple reason that people have their own children. Young adults that feel their needs are met are the most natural vessels for positive change. Their two obstacles are hedonism - the infinite desire trap - and social distrust: a lack of faith that their genuinely selfless contribution will be recognized.” When entrepreneurship and creation become the norm we know we will be living in an integral stage society. I really see this happening quickly (especially with the major anti-corruption movement the brews out of Epstein and shakes up politics), hopefully enough people will be enlightened during these times of change and use them to create self sufficient environments, instead of clinging to over financialized luxury simulation suburbs. We need to stop seeing dollars as physical objects and instead treat money as the incentive providing tool it is. Our system of white collar jobs being difficult to obtain, difficult to lose, being easily half-assable, and money printing machines just further entrenches pre-rational (horrendously inefficient) credentialism as our decision making framework. I’m all about empowering people to work on their passions, but many of our brightest minds (recent liberal arts graduates) grew up in bubble wrap luxury simulation and have no idea how to be poor (and still comfortable, easiest way to increase Wealth). I’ve also played around with the idea of physically backed micro currencies, which would allow a handful of people who trust eachother deeply (almost family) to each commit to a monthly purchasing amount of precious metals. This group of people would also monthly mint new tokens of their corresponding token, which could be redeemed for its value in metal any time, but provides liquidity for the gold until that point. I’ve thought a lot about how we handle bankruptcy, fractional reserve lending and interest rates. These relics are left over from technological inadequacy: paper checks, physical currency that needed to be transported place to place. Institutions got ingrained in power structures because they were once necessary. Rebuilding new architecture from first principles is how we move from an organization based society to a network one