What if there was no central bank or central government? That time is now.
Never in the lifetime of most working-age people alive today across Europe and North America have so many changes to the fabric of everyday life taken place in such a short space of time.
For a great many, it is likely that the last two years have not resembled the previous few decades and have represented a sharp turning point in almost every area of life.
In the Western world, in previous decades ever since the end of the industrial revolution, life for most people has been a life of empowerment and prosperity, with adequate freedom afforded to those wishing to build their future, and a sensible set of procedures in place to help life goals become achievable.
From this came trust in the systems and the government, which endured for a few generations.
In short, life has been good for most citizens of Western countries ever since the 1950s. Security of employment, security of retirement and security of property were the three tenets of stability, all of which had been made possible due to several hundred years of institutional organization.
It has been relatively rare for anyone to give even scant attention to any form of instability in the future of their well-planned and well-organized lives, until now.
Gone are the days in which the majority of private individuals and small business owners can rely solely on organized governments or large corporates, and the illusion of democracy has been turned on its head.
The traditional monetary system's intrinsic connection to central government policy is under closer scrutiny than ever before and is the subject of commentary in every newspaper, television interview and consumer rights blog on each side of the Atlantic.
We have seen truck drivers in Canada stand up and fight for their survival whilst the government doubled down against them. We have seen Australian citizens not allowed to leave the country for almost two years, and in some cities be subjected to uniformed guards ensuring they do not venture outside their homes for purposes other than to buy food.
Weaponization of YOUR finances by central banks? This ends now
In Britain, the Pound, once the world’s strongest currency, has been collapsing in value for months, and inflation has been predicted to sit at 18% by early 2023, as people look back on an outgoing government which spent 400 billion pounds of taxpayers' money paying people to stay at home and on white elephant projects such as track and trace systems; all to ensure absolute compliance whilst at the same time causing economic mayhem.
In other parts of mainland Europe, similar levels of interference in the everyday affairs of the private individual and small business took place and were equally damaging. There have been several banking crises across mainland Europe in recent years, and there is considerable cross-border uncertainty now, too, as payments for services ranging from goods, food and energy have all become dependent on the varying degrees of instability within their respective fiscal environments.
The population has gone from not having any fears or concerns at all about its entire future to being unable to pay the most basic of bills whilst new policies which remove financial freedom and security of future are implemented.
In Canada, anyone found to be supporting the movement against lockdowns was subject to having their bank accounts frozen – no matter our individual views on the COVID policies, a democratic society should at the very least be working to ensure its citizen's easy access to their hard-earned money. Examples like this & this show that it is not just an isolated occurrence.
For too many small business owners, this meant a choice between going out of business as a result of compliance or having their assets seized for standing up to save their businesses.
It is now clear in the minds of many that the destiny of the public and of small to medium businesses lies in the hands of the people, and not of elected officials or large corporations.
Democracy is an illusion – Until YOU create your own democracy
There are often complaints that the illusion of democracy has been highlighted and that personal empowerment is not part of the European or American landscape anymore, however, this is not quite correct.
Democracy is alive and well, but it is in the hands of the people these days, rather than dispensed by centralized organizations.
Isn't that the absolute definition of democracy? A society run by the people? Today, we have the expertise and opportunities to take control of our own destiny and live in a genuine democracy. A global democracy run by the people, for the people.
The centralized system has demonstrated, via financial crises, coercive measures and lockstep movements with global narratives that it views its customers as servile to its own purpose, rather than as an equal with a common goal.
Therefore, all of these recent events have really not changed anything apart from serving to demonstrate that there is a hierarchy in which the big hitters and high rollers rule and the public has to obey.
Obeying corporate policy is obsolete
Whether that is obedience to policies that have caused inflation to soar to the highest levels across the Western hemisphere since World War Two, or obedience to a monetary system that charges its users enormous fees to access capital, or to receive payment from customers in the form of long waiting times, fees and commissions, it is clear that the accepted method is now obsolete.
Too many commenters focus on the 'doom and gloom' facets of the current economic situation, however, the positive way is to view it as an opportunity and a clear demonstration that the old way is exactly that – the old way.
Nowadays, decentralization is the new democracy, genuinely placing the financial destiny of people and small businesses into their own hands.
We have seen the development of this new methodology increase in its importance over the past decade, however, most of the decentralized finance initiatives have still been operated by companies and therefore do not offer complete democracy or financial inclusion. They do serve to get away from the old system, but their customers are still customers, and they are still companies.
Democracy is for the people, by the people, not administered by a central authority
What if you were able to get away from being a customer altogether? Surely that is the way forward. Not being a 'subject' of the state or a customer of any business or entity is truly empowering.
If everyone was able to have an equal share of something, we could all create a new way forward.
Banks still in charge despite spiralling inflation and economic tyranny: Not anymore
No political misadventure or sudden change in policy can affect anyone who is an equal part owner of their own financial network, nor can anyone buy into a financial network within which each person is an equal owner and suddenly influence policy in their favor as has happened with a number of publicly listed companies in the past two years with 'activist investors' having taken ownership of enough of a controlling share to shake up the entire leadership and policy of the said company.
What if there were no leaders and no centrally agreed policy made by unelected officials who do not have anyone but their own best interests in mind?
Consumer rights campaigners across the West have been actively lobbying governments and banks to do the right thing by their customers and to reinvent their ethos, however surely the best way is to move away from that and move into a new world in which every person becomes part of the new economy, and we all build it together with no central authority or central monetary system? This is the only way to achieve financial inclusion for every person and business worldwide, as well as to ensure sustainability and stability. That is true democracy, and it is here now. It's time to build the future together, without being a customer or a subject. We are all the new economy, and we are the democracy.
That is true democracy, and it is here now. It's time to build the future together, without being a customer or a subject. We are all the new economy, and we are the democracy. There has been a lot of use of the phrase 'build back better' over recent years.
The only real way to 'build back better' is for us to do it ourselves without being at the bottom of a hierarchy. Power to the People is finally a relevant and appropriate mantra.
Andrew Saks , Head of Marketing, The People's SCE
