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When dealing with the City of Tomorrow as STIR Foundation we are challenged by banking people to help define the “bank of tomorrow”. New initiatives are being worked out but invariably the issue arrives at the financing of banking services, the salary of bank personnel. They keep seeing money as a product, not as a means and calculate profit by introducing an interest rate.
Money is energy
I try to explain the concept of money as energy in value creation processes. I compare money with solar energy. If we had to pay interest over the energy provided by the Sun then Earth would have to generate more energy than the Sun to pay back. That is impossible in nature.
Most bankers get confused with the term “money creation” from money, the magic of making 2 euros out of 1 so to say. This term was introduced when money became an instrument for speculation. If you lend 100 against 103 per year, you “created” 3 the first year. After 23 years you have “created” 200. 1 became 2 as by the art of magic.
This is of course no money creation. It is an illusion that is created by transforming human or material energy into money by taking it away from circulation.
If you invest 100 in a precious stone when there is a shortage of such stones then you can sell it again for 300. One may think that money is created but again it is an illusion. All that is done is a stone being taken from the circulation to create a shortage slowing down value creation in exchange for speculation. We have not created money, we made the circulation of values less accessible for progress. If the stone is a gem the hoarding would be fine because its value is mere psychology. But when this psychology is used for a house for people to live in it would be a disaster. Worst still, if it is food instead of stones life would be exchanged for death. In the end everything would come to a hold.
If we would take solar energy away from life out of speculative interests then we would not bid but cease to exist. That is what happens with progress. It disappears.
Bank of Tomorrow
The bank of tomorrow is hence the equivalent for value creation as the Sun is for sustaining life. Money is as solar energy that needs to flow freely in evolutionary processes like the transformation of light ot heat into practical energy for usage in life creating and sustaining processes. Money is a means. It does not regenerate, create itself or revalue itself. It is a transformative catalyst. We can’t eat money nor live in it.
Salary for bankers
Bank employees are only needed in the bureaucracy around speculation. In the bank of tomorrow no massive amounts of employees are needed. Money is an external source of energetic supply that is only meaningful when things are done with it. People managing that process are compensated by the values they create not the money used. They just have to assure that the energy is used and not speculated with.
In the bank of tomorrow speculation would be prohibited as it kills rather than facilitating life. That is why the bank of tomorrow will not come from the bank of yesterday. The concepts are totally different.
There are various types of economy as you may have gathered when you are a regular visitor to my blogs. We have the economies of:
- Consumption (what we use) – eg. products
- Speculation (what is difficult to get) – eg. a house
- Crisis (what we fear to loose) – eg. insurrance
- Consequences (what we have lost) – eg. healthcare
- Debt (what others expect from us) – eg. banks
- Fiscal (what is demanded from us) -eg. taxes
All these economies are related to each other and fight a battle to sustain themselves in a financial world. They all have a product to sell and populate the left hand side of the picture below (financial leadership). They all have one thing in common: they want you! They want your attention, your money, your dependence and your votes.
The other side of the picture is the transformation economy, the economy of change. This is a very special type of economy. It does not want to control you nor does it compete. It just wants health, harmony and sustainable development. It is automatically activated when things go wrong on the left hand side. It requires awareness, vision and a new sense of reality.
The left hand site just wants growth. A typical tendency is that growth shows health but also sickness through the appearance of intoxicating “antivalues”. These antivalues can be detected easily as we have learned by analysing human history and the history of societies. They have to do with greed, lust, power,etc. The antivalues are normally in the hands of powerful people and institutions who take benefit at the expense of others (deadly parasites) subtracting values from society rather than adding (hence the word “antivalue”) until a crisis puts them out of business and power.
Antivalues make the world sick and in crisis.
New values can cure us from the right hand side, which is always present and active yet not always noticeable. Those values need to grow in strength through applied change. This takes time but also needs space, strength and opportunity.
We only tend to want to cure ourselves only when we are really sick. Before that we behave as if illnesses do not exist. Prevention is not a democratic strength nor recognition of the signes of sickness. For many there are powerful reasons on the left hand side to ignore, neglect and even openly dispute antivalues out of self interest, opposing change with everything they can.
We are living in unique times. Antivalues in the past only seemed to affect our human communities. Now we realise that they also destroy our environment and human health. The transformation economy emerges with all kinds of corrective causes some of which are unique to the era we live in.
We call this the era of the Global Shift (Ervin Laszlo) or Quantum Leap (Jean-Paul Close). The changes that are demanded are of a more universal nature affecting human nature everywhere. It is only becoming visible now (unique antivalues such climate change and pollution) demanding the most intense changes ever.
The transformation economy emerges everywhere through a new type of leadership, Sustainable Leadership. It becomes not only visible (such as Sustainocracy), it provides also a new field of healthy interaction where institutions and societies of the left find their new growth inspiration and renewed strength. The changes that we can anticipate will be referred to in history as one of the most significant era in human evolution. As the left gets sicker the right grows stronger until it breaks through. Then a new economic health period emerges that cleans up the left for a new era of growth. Then it starts all over again.