This is the same observation and conclusion as I've been trying to communicate from the energy side of things, thanks for confirming it more from the markets and financial side of things.

As I see it, nature is driving this change, which makes it different from any other time in history that we might have seen financial crashes in the past.

This time, from an energy point of view, there is no possibility of resetting by any means tried previously.

Extracting all of our energy from Earth, working per-Joule to extract, is a basic requirement of the economy of money issued as debt.

But as we can see, the survivable end of all possibilities of continuing to do that is in sight.

There is only one usable energy left; the energy of the sun.

But using that, aligning our money with it, a number of Joues of solar energy per token, instead of as it was, aligned with the work of extracted energy, requires that we have to issue it for free to all people.

This is because debt can only translate to promises to do work, but there is no per-Joule work associated with solar energy, which is a pretty good definition of "Free". The only work involved is in creation of the physical hardware of to receive it, which itself can ultimately be done by the Joules being received. Sounds confusing, but all it means is that the Joules of energy received earlier can pay for the infrastruture coming later, so no cost is involved in scaling up, multiplying, and maintaining thereafter.

Further, since solar Joules have been being collected and put to use as valuable product in economies for about twenty years, steadily scaling up, to now tens of GigaJoules per second every sunny day in every developed country, and never monetised, except where stimulus was issued, that is an awful lot of latent funds available for issuance to all people to implement their own community solar infrastructure, which in the end can all be joined together by a hydrogen fuel ecosystem, all sourced from the incoming Joules of solar energy.

This is a technical revolution waiting to happen, which will result in a very different world, after nature gets its way, it seems to me.

Loved the quote from Jefferson btw. It is one we should never forget. In a way, we might say he was protesting indirectly about the system probably already forcing him to practice what he is now being cancelled for, but cancelling all memories of the man would be throwing the baby out with the bathwater, it seems to me.