The Great Simplification with Nate Hagens cover image

Daniel Schmachtenberger: “Bend not Break #4: Modeling the Drivers of the Metacrisis”

The Great Simplification with Nate Hagens

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Understanding the Evolution of the Financial System

The financial system evolved from shells mediating barter to the concept of currency as a medium of exchange for goods and services. However, with the introduction of banking and interest, money became a tool for controlling access and resources. The concept of interest represents the growth potential lost when money is loaned out. This evolution has led to a financial system with its own physics, characterized by compounding interest.

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