Welcome back! In the previous entry, the evolution of money was explored to the extent that we could see how its essence changed at every step in the ladder of economic civilization. The essence of modern money is credit. This time, I cover the second half of Thomas Greco’s book where he shares an abundance of wisdom and guidance.

After thinking about The End of Money and the Future of Civilization some more, it occurred to me that the money system is like Windows 95.  In the same way Windows 95 didn’t know whether it was an archaic 16 bit operating system or a modern 32 bit operating system, our current money system doesn’t know whether it is using commodity money or credit money.  Windows 95 tried to reform Windows 3.11.  This effort generated billions of dollars for Microsoft which produced two more commercially successful versions (98 and Me) but this effort was eventually abandoned.  Today, it’s easy to forget what it was like losing all of your work.  Cue Barbara Streisand singing Memory.

To mix things up, I thought it would be fun to share some knowledge gained from Thomas Greco’s The End of Money and the Future of Civilization across two blog posts.  This first post will cover the challenges facing us (ch. 1-10).  The second post will cover how we can navigate into the future (ch. 11-20).  

I apologize in advance for any misinterpretations of the material and look forward to corrections.  I can think of no better executive summary than to quote Greco directly.