The Great Fiction that is Currency


The ‘social scientists’ of human history, in various capacities and at various times, have shown the frightening ease with which the human will relinquish power and autonomy to those they perceive as having more authority and expertise – like in the famous Milner experiment:

“While I was a subject in 1964, though I believed that I was hurting someone, I was totally unaware of why I was doing so.”  (Professor Milgram elaborated two theories based on his landmark study investigating our relationship to authority: his theory of conformism, based on Solomon Asch conformity experiments, describing the fundamental relationship between the group of reference and the individual person. A subject who has neither ability nor expertise to make decisions, especially in a crisis, will leave decision making to the group and its hierarchy. The group is the person’s behavioral model and the agentic state theory: “the essence of obedience consists in the fact that a person comes to view themselves as the instrument for carrying out another person’s wishes, and they therefore no longer see themselves as responsible for their actions. Once this critical shift of viewpoint has occurred in the person, all of the essential features of obedience follow”.[1]

The world system in it’s efficiency and technology has happily appropriated the ease with which we hand-off of authority to experts. This abdication comes with a price, one we are evidently willing to live with – so that instead of creating the lives we want, taking responsibility for what we have created, we believe we must comply and “come to view themselves as the instrument for another’s wishes.”

These rules are the cause of the vast disparity of wealth and well-being in this world. Our  role as both spectator and participant becomes quite disturbing –  with the increasingly narrow opportunities for self-creation and in an environment increasingly programmed and then presented as “reality” for “it is technology that presents non-reality, which is mistaken for reality.” [2] In our ‘non-reality’ the facts don’t count. Consider our relationship to money: back in early human history someone once convinced another that gold was worth exchanging for time and labor. This fiction – that a piece of metal was worth more than a tree or a cow – became the origin of a leisure class and the private control of currency.

The fiction of currency runs our lives and had created a world that –  as entrepreneur Anita Roddick said, has created  “a religion of maximizing profits” where “everything is legitimate in the pursuit of that goal.” That the World Bank, the International Bank of Settlement, the IMF, and the Federal Reserve are private organizations – themselves charted by the private Council of Foreign Relations and their branches – (offshoots of the UK Milner Group (Bankers) and Cecil Rhodes (Banker) and the Rothschild’s (Bankers) – should prompt serious concern and investigation.

Just as the corporation uses branding to create attractive personalities for themselves, we can create and control the images and content to empower ourselves to challenge the accepted version of currency. The path from spectator to being autonomous can be walked using the technology that is already here and to advance the cause that, contrary to what we have accepted so far,  humans may be trusted with the promotion of values that support all life on earth, equally.

[1] The Milner Experiment:

[2]The Technological Society. Jacques Ellul
Trans. John Wilkinson. New York: Knopf, 1964. London: Jonathan Cape, 1965. Rev. ed.: New York: Knopf/Vintage, 1967.



One thought on “The Great Fiction that is Currency

  1. Pingback: 231. #YuanNewWorldTradeCurrency : A Real Change of Powers? | Marlen Vargas Del Razo

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