Monday, #inflation, the #economy post COVID are pretty much on everyone’s mind. With inflation soaring and much of the #monetary policy ammunition already shot to keep the current financial system — a patient that has been in a coma since 2008 — alive in the shape of “financial methadone” kicks as trends publisher #Gerald Celente calls it, fears of financial reckoning and financial coal devastation loom large.
#CNBC headline: “Inflation surge could push the Fed into more than four rate hikes this year, says Goldman Sachs”; the #Washington Post writes about “inflation is cutting into wage gains for workers”; The Guardian says “Fears grow that US action on inflation will trigger debt crisis”.
In this Smart Sustainability episode, we’re asking a question that’s been largely avoided: Is it time to re-engineer the banking system along with restructuring or shutting down the Federal Reserve?
For decades, we’ve been hearing money policy in the form of QE and interest cuts or hikes. It’s a pretty small arsenal when you think about it while it rules the entire planet. Einstein said: “Insanity is doing the same thing over and over and expects a different result”. — Something that clearly applies to our current banking system — the debt-based fiat money system and our monetary policies. How can anyone think that using that same policy arsenal and monetary approach that has been in a coma since 2008, somehow comes back to life going forward? The Fed and the Fiat Money system have been put in a corner where it’s hard to get out. As with any system that has become limited and dogmatic and does not correspond with the nature of the universe — nature BTW doesn’t have a debt concept — the current financial system is past its tipping point.
So, the time has come to talk about the untouchable: shifting our banking system. There are different ideas out and different agendas; it’s complex. But the more we openly talk about this and look at possible other ways of a functioning banking system, the closer we eventually get to a solution.
In this episode, #Nicolette #DeVidar talks with Forbes Author #JarlJensen and his idea of engineering the banking system to make banking more purpose-oriented and working for everyone, outlined in his latest book “The Big Solution – Deactivating The Ticking Time Bomb of Today’s Economy”.
Nicolette speaks with Jarl about the impacts our current banking system has on society and distribution of wealth and how a #purpose-driven #banking system as he suggests could affect and might impact the #world and what it would take to shift.
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Smart Sustainability with Nicolette DeVidar is a weekly #television show, broadcasted every Sunday LIVE from Tyson’s Corner, the 12th largest business district in the US and vital part of Metropolitan Washington DC. A TV Talk on shaping a sustainable future in the digital/new human age presents and discusses what empowered citizens need to know about the on-going change, intelligent use of resources, smart governance, smart industry, inclusive communities, human empowerment, a sustainable and human-centered economy and healthy, sustainable urbanization. Candid heart-to-heart discussions with people from all walks of life — community leaders, creative innovators, everyday heroes, subject matter experts, and free thinkers on 21st-century issues push boundaries and address challenges of our time from a social, political, economic, and human perspective. In Smart Sustainability, often avoided “big elephants” in the room are talking about.
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