From: Clive Menzies <clive@clivemenzies.co.uk>
Date: Wed, 13 May 2026 at 10:28
Subject: Borrowed Stability
To: <group@freecriticalthinking.org>

Stablecoins are being sold as the solution to monetary instability.
They are not.

The stability they offer is borrowed — from the same banks, regulators,
and political arrangements that make the existing system fragile. A
digital wrapper around a failing system is still a failing system.

More fundamentally: money itself is becoming dangerous. Not merely
inefficient — dangerous. When AGI displaces the majority from monetised
labour, the price mechanism doesn’t self-correct. It concentrates. That
is what it was designed to do.

Alex Nikolov asks the harder question: what comes after money?
https://www.outersite.org/borrowed-stability/

—
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