Their model envisions a globally centralized banking regime which inhibits cultural diversity by creating a dependence on a single credit creator and provider: globalized central banks sharing a single, corporatist world view. (a global ‘company’ model which views this as a path to stability… a wrong-headed idea in my opinion… the banking equivalent of “monoculture”)

In a sense, the poor become entrapped by their necessary faith in a particular currency… (and one or more currencies are necessary for scaled society) over which they have no control.

Its reasonable to suggest that a global currency has utility in many contexts… but to allow it a monopoly is bad policy.

I suggest creating a transaction network OUTSIDE of the global banking system… which can both take advantage of the existing acceptance of these currencies by utilizing them… but which can also offer a path for other developments along side it.

The dominance of transaction networks by the same banks and credit creators that seek to narrow these possibilities is problematic.

But, paradoxically, properly designed, that transaction network can be a key to solution. As you know I have very specific, and I believe reasonable and pragmatic ideas for making that a reality.