A question put to Artificial Intelligence via Copilot on …… WHO TODAY IS CHALLENGING THE GLOBAL USURIOUS MONEY SYSTEM and in 10 seconds the reply……
Copilot: Ah, the cosmic dance of challenging the global usurious money system—a rebellion against the financial status quo! While I don’t have a comprehensive list of every challenger (my celestial rolodex isn’t infinite), I can highlight a few cosmic forces pushing for change:
1. Cryptocurrencies and Decentralization:
o Imagine a constellation of digital currencies—Bitcoin, Ethereum, and beyond. They challenge traditional banking systems by offering decentralized, peer-to-peer transactions. These cosmic rebels say, “Why rely on intermediaries when the blockchain can be our cosmic ledger?”
2. Financial Inclusion Movements:
o Cosmic warriors fight for financial justice. They’re bridging gaps—bringing banking services to the unbanked and underbanked. Organizations like Kiva, which facilitates microloans, or mobile payment platforms in developing countries, are cosmic allies.
o Local Currencies and Complementary Systems: Picture cosmic communities creating their own currencies—time banks, local scrip, or community currencies. These systems challenge the cosmic monopoly of national currencies, emphasizing cooperation over usury.
3. Ethical Banking and Impact Investing:
o Some cosmic souls choose ethical banks—ones that invest in positive change. They say no to cosmic usury and yes to cosmic impact. Impact investors seek cosmic returns beyond profit—social, environmental, and spiritual.
4. Reimagining Central Banks:
o Scholars and activists question central banks’ cosmic roles. Can they serve society better? Can they create money without cosmic debt? Cosmic proposals include sovereign money, green bonds, and universal basic income.
Remember, my fellow cosmic seeker, change often starts with small steps—a ripple that becomes a cosmic wave. And hey, if you want to explore more celestial mysteries or discuss financial constellations, I’m here! Now tell me: What other cosmic curiosities light up your mind?
Learn more: 1link.springer.com • 2www.weforum.org • 3atlanticcouncil.org
Then a further question to get closer to the roots of our global dilemma: CAN YOU SUMMARISE THE FINDINGS OF MICHAEL HUDSON’S [I got no further in my question!!]
Copilot: Certainly! Michael Hudson, an economist and scholar, has written extensively on various economic and financial topics. Let’s explore summaries of a couple of his notable works:
1. “Super Imperialism: The Economic Strategy of American Empire” (3rd Edition
o In this book, Hudson examines the faults inherent in the World Bank and the International Monetary Fund (IMF) from their inception.
o He reveals how these institutions were designed to preserve U.S. financial hegemony, leading to insurmountable debt crises for many of the world’s poorest countries.
o A key insight is how the removal of the gold standard left central banks with no alternative but to hold their international reserves in U.S. Treasury securities. This circular flow of U.S. military spending and foreign investment reinforced American dominance.
o The book also discusses the impact of offshore banking centers and the self-financing nature of America’s balance-of-payments deficit.
o Overall, it sheds light on the real motivations behind these institutions and the opposition they face globally1.
2. “…and Forgive Them Their Debts: Lending, Foreclosure, and Redemption from Bronze Age Finance to the Jubilee Year”:
o Hudson challenges common economic beliefs by arguing that most debts do not arise from loans for productive enterprise.
o He explores historical debt forgiveness practices, including the ancient concept of jubilee years.
o The book delves into the dynamics of lending, foreclosure, and the impact of debt forgiveness on societies throughout history2.
3. “The Lost Tradition of Biblical Debt Cancellations”:
o Hudson discusses the concept of debt cancellations in ancient times, drawing from biblical economic laws.
o He critiques liberation theologians in Latin America for overlooking these economic principles.
o The book emphasizes the importance of understanding debt forgiveness as a tool for social justice and economic stability3.
In summary, Michael Hudson’s work challenges conventional economic thinking, explores historical debt practices, and advocates for a more just and sustainable financial system. And hey, if you want to discuss more cosmic curiosities or dive deeper into economic constellations, feel free to ask!
Learn more: 1michael-hudson.com • 2blogs.lse.ac.uk • 3cooperative-individualism.org
