I saw Keen’s recent video about Bancor and Ann’s article here and couldn’t agree more that a new international framework is necessary. Instead of Dollar dominance/the concept of trade in Dollars ONLY we need a unitary system itself that doesn’t allow or enable one country to dominate. Its E pluribus unum (one out of many or out of the many one non-dominating) applied to the international money system.

So again, its analyzing on the conceptual/PARADIGMATIC level…exactly like what we need on the domestic monetary system level where instead of Debt ONLY as the current monopolistic form and vehicle for the creation and distribution of all new money you break up that monopoly by strategically integrating a new paradigm of Monetary Gifting into economies with a reciprocal policy of a 50% Discount/Rebate at retail sale, thus simultaneously supercharging both individual purchasing power and demand for industry’s goods and services while also transforming chronic erosive inflation into beneficial price and asset deflation…

…and finally, if the obvious benefits above are recognized and applied internationally would make all domestic economies much more democratically beneficial, capable and stable and so contribute to a much more robust/anti-fragile and distributive environment into which we could institutionalize Bancor 2.0.