It’s been an interesting few weeks. A friend of mine, Uli Kortsch (you will hear more about him as time goes on), spent the first part of December in Europe. There, he met a gentlemen from Israel named Arie who just so happens to be very good friends with the author that has greatly influenced my thinking about what money can and should be – Bernard Lietaer. The next thing I know, I’m having a Skype call with Arie, and the direction it takes is interesting to say the least.
Arie and a group of developers in Israel have created a blockchain (Ethereum actually) based platform whereby you can create both a marketplace and currency to use within that marketplace. Now, those of you who have followed this blog through it’s on-and-off evolution over the last several years know that money and monetary system reform is at the very core of my passion. So to get involved with Arie and his group to help people understand that we can change the very nature of what our money is and the system it is used within… Well, let’s just say it helped make my Christmas more hopeful.
The Great American Reset is all about change. Too Different for Comfort, by Louis-Vincent Gave brings us face to face with the reality of how technology is set to dramatically reshape the global economy. While he presents some challenging facts, it is far from a “doom and gloom” diatribe. Gave points out that we live in the age of “creative destruction.” Technology is advancing at such a rapid rate that many of the new jobs being created are completely restructuring the economic foundation of the country – and the world. That means many of the jobs being destroyed are not coming back in their same form. He calls this a “robolution” – a revolution of economics that is driven by robotics.
Gave quotes Ronald Reagan’s favorite economist, Frederic Bastiat, to make a very important point. “There is what we see and what we don’t see.”
- We see jobs being destroyed.
- We also see jobs being created.
- What don’t see the shift in the types of jobs being destroyed vs. those being created.
In his book, Gave breaks down jobs into 4 categories:
You have to hand it to the Progressives. They fight for what they believe in. And they are seasoned street fighters. For the past twenty years, they have crossed over and supported their fellow laborers in causes they may not personally be passionate about because they know if they show up and lend a hand, their actions are reciprocated when needed. That is why the end of the “truce” between the secular and Judeo/Christian worldviews is a major factor in the Great American Reset.
A couple of years ago I wrote that anyone who said they knew exactly how the next period of instability was going to unfold was engaging in a fool’s game. That statement came from a position of experience, and not a pleasant one. I played that game between 2006 and 2012 – and lost. It was because of a sense of pride that crept in due to having a little success predicting the Great Recession. I needed (and received) a lesson in humility.