(Extracted from “Of Two Minds”)
Chris Martenson (see his website) defined money as a claim on future human labour. I like that.
In order for there to be future human labour, do we need banks?
Do we need Cars, superannuation funds and the stock market.
Do we need food and a means to get it to where it is needed to fuel the humans who do the labour?
Yes. Of course.
Let’s just say that money is a claim on food and water FIRST. Everything else is really only parsley on the plate making the world look good.