The financial system isn't simply becoming digital. It's being rebuilt to support larger debt loads, mobilise private assets and reshape ownership around collateral, settlement and enforceable claims.
Your analysis would seem to augment the analysis of another brilliant Substacker ESC. Combined they ought to help our political leaders avoid the trajectory the global Superclass have us on which is seeing to it that a government of, by, and for the people DOES perish from the earth.
Yes, please do. Top tier is T-bills to prioritise sustaining government debt, then gold within the system and then assets that are easily monitored and enforced. IoT ensures ongoing output assessment and control while creating a new concept of living collateral which updates permanently in real time.
So basically, a constantly-updating ledger of the total value of everything and everyone on Earth at any time?
Hence also the reason for advanced camera and data systems that can assess depreciation of assets in real time and mark everything and everyone with a monetary value.
Whitney Webb has written about the NYSE's new Natural Asset Class on the website Unlimited Hangout. It is a way to create essential ownership over vast tracts of land by holding shares in natural functions that the trees, watershed, etc perform. This enables a takeover when owners or citizens near the public lands cannot use the land because shareholders are controlling, say for example, the function of all the rainwater that falls upon it. It sounds lovely at first, as a way to protect nature.
Your thesis perfectly supports the tokenization of real estate. Making a generally illiquid asset liquid. With all the benefits it provides, it really is a double edged sword, for the homeowner.
If the homeowner is over leveraged or fails to meet the criteria of holding onto their tokenized real estate, it is much easier to confiscate it digitally.
Wonderful summary, Miles. I particularly appreciated your last sentence. I highly recommend to anyone not familiar with Richard Werner to listen to his interviews. I think the one with Tucker Carlson is one where he explained debt allocation to a productive income base, vs purchasing stuff. Now you have added the additional layer of understanding about the current, third alternative of changing the collateral arrangement. Enclosure time, everyone. All the Brits here should appreciate that reference.
No court orders, no bailiffs, just a change in the asset name or automatic transfer of more assets from the debtor to settle the 'loan'?
How much debt have Western governments run up whilst representing their citenzenry?
That's it. Insidious.
Your analysis would seem to augment the analysis of another brilliant Substacker ESC. Combined they ought to help our political leaders avoid the trajectory the global Superclass have us on which is seeing to it that a government of, by, and for the people DOES perish from the earth.
Great summarising article Miles, restacked and will re-publish in The Light if okay?
You don't say what the new expanded collateral base items might include, aside from a major focus on short-term T-bills?
Peace.
Yes, please do. Top tier is T-bills to prioritise sustaining government debt, then gold within the system and then assets that are easily monitored and enforced. IoT ensures ongoing output assessment and control while creating a new concept of living collateral which updates permanently in real time.
Thank you Miles.
So basically, a constantly-updating ledger of the total value of everything and everyone on Earth at any time?
Hence also the reason for advanced camera and data systems that can assess depreciation of assets in real time and mark everything and everyone with a monetary value.
These people really are boring af aren’t they?
Keep up the great work, peace :-)
Very good summary!
Whitney Webb has written about the NYSE's new Natural Asset Class on the website Unlimited Hangout. It is a way to create essential ownership over vast tracts of land by holding shares in natural functions that the trees, watershed, etc perform. This enables a takeover when owners or citizens near the public lands cannot use the land because shareholders are controlling, say for example, the function of all the rainwater that falls upon it. It sounds lovely at first, as a way to protect nature.
Yes, we covered NACs in Issue 30, p18 in Feb 2023:
https://thelightpaper.co.uk/assets/issues/Light-30-Web-FINAL.pdf?v=1778585625
So basically, everything on Earth then?
Peace :-) x
Ha. No doubt if they can swing it. The Dutch seem to revisit the idea of selling shares in the wind from time to time.
Would one be able to borrow currency against crypto assets?
Your thesis perfectly supports the tokenization of real estate. Making a generally illiquid asset liquid. With all the benefits it provides, it really is a double edged sword, for the homeowner.
If the homeowner is over leveraged or fails to meet the criteria of holding onto their tokenized real estate, it is much easier to confiscate it digitally.
Wonderful summary, Miles. I particularly appreciated your last sentence. I highly recommend to anyone not familiar with Richard Werner to listen to his interviews. I think the one with Tucker Carlson is one where he explained debt allocation to a productive income base, vs purchasing stuff. Now you have added the additional layer of understanding about the current, third alternative of changing the collateral arrangement. Enclosure time, everyone. All the Brits here should appreciate that reference.