Transitioning to a HUMAN Based Economy: By FeelingAwake

Sorry I haven’t posted anything lately, but time has been sparse and I haven’t been feeling particularly creative as of late. This article is going to focus on something called the HUMAN ECONOMY. This piece will be heavily influenced by my reading of David Graeber and Daniel Quinn to name a few. Should you want a good primer on where I am coming from on this article, please read “Debt:  a 5000 year history”(Graber) or “Ishmael”(Quinn).

Were I to ask you what the Opposite of a “Free Market” or “Capitalist” economy were, the majority of you would answer with either a “Socialist” or “Communist” economy. In either case you would be wrong. The opposite of a Free Market economy is called a Human based economy. Whereas the free market is based on the idea of wealth being derived from the wares or services you render for society, the human based economy values those that build connections within their community.

This is an extremely important question and if you are to ever understand the dangers of an economic collapse in the United States and why so many of us fear this outcome, you must ask and answer this question.

This is going to be a long post, so I warn you up front. The history behind why the US Dollar is so important is both long and interesting (at least I hope to make it so). I will start with a simple concept that is at the heart of the global monetary system. It is a concept called FRACTIONAL RESERVE BANKING. I am sure you have heard this term and I am sure very few of you truly understand what this concept (system) means and why it is such a powerful and game changing event in world history. So I will start this lesson there.

This is an economic philosophy I have adhered to for almost 3 ½ years now. It is a mental exercise that if implemented correctly should break your mental paralysis and get you moving towards your goals. It should free you up to do things you never thought you would have the courage to accomplish.

This is a continuation of my economic education series that will focus not on the END of the US Dollar system, but its fading out. We are witnessing the middle part of the process even as I write this article. The collapse of Europe, the ascension of China as a power player in the economic world and the re-establishment of Russia, are all signs of a fading US Dollar system.

This is such an obvious question. Yet how many people on CNBC or MSNBC have ever answered it for you? You are left to assume that the US is such an incredibly efficient and hard working nation, that everyone trusts us to pay that debt off at some point in the future…. Right? Anyone? Bueller? (Ferris Beuhler’s Day Off reference for our non-US readers).

I was hoping to have a few weeks or even months to ease into my new weekly column, without having to go straight to the doom. But it seems that circumstances are going to force my hand here. After watching the last few weeks and into this week, I have to admit that the long 18 to 24 month calm period since the last nut scrunching drops in the global markets, appear to be over.

with Robert F. Denner.

Hello CollapseNet. I am proud to announce that I am a new commentator on matters of finance, economics and monetary systems. I feel very lucky to be given this opportunity and I will do my level best to make it relevant and worthy of a spot on these pages.