The Rise of Civilization
Currency is an intermediary of trade that allows us to exchange without restriction. A currency system helps us reduce the ambiguity and friction of carrying out commerce. A unified, single currency system spanning the globe is the next step for us to further reduce inefficiencies and increase commerce.
Interest is the reward earned on currency or capital that is loaned out. This lending of money allows greater utility and value creation for everyone. Without interest as reward for engaging in the risky endeavor of lending out capital, there would be little to no incentive to lend capital.
The financial system helps the movement of capital to create more capital. It rewards those who lend out capital with interest and provides those seeking capital with a means to obtain it at a reasonable rate. Without the financial system in place our modern civilization would not have been possible.
“With a partnership that includes 15 nations and with 68 nations currently using the ISS (International Space Station) in one way or another, this unique orbiting laboratory is a clear demonstration of the benefits to humankind that can be achieved through peaceful global cooperation.”
— Charles Bolden & John Holdren
“In the history of humanity, there have been many languages, including French, that have served as universal languages: Latin, Chinese, Arabic, and more. Yet none of them ever ruled the world the way English does today…
English is becoming a universal language such as humans have never had before.”
— Minae Mizumura
“When we build, let us think that we build forever. Let it not be for present delight nor for present use alone. Let it be such work as our descendants will thank us for; and let us think, as we lay stone on stone, that a time is to come when those stones will be held sacred because our hands have touched them, and that men will say, as they look upon the labor and wrought substance of them, ‘See! This our father did for us.’”
— John Ruskin
“And it is an interesting biological fact that all of us have, in our veins the exact same percentage of salt in our blood that exists in the ocean, and, therefore, we have salt in our blood, in our sweat, in our tears. We are tied to the ocean. And when we go back to the sea, whether it is to sail or to watch it, we are going back from whence we came.”
— John F. Kennedy