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What if we could hit the reset button on the way we create money, work, commerce, and community? This is not an idle question, for technology now enables us to hit that reset button and organize the creation of money, work, commerce, and community in new ways. If we could start from scratch, what would a new system look like? To answer that, we must understand why the current system is failing. The current system is based on five principles that are assumed to be true.

The current conventional-wisdom view of our soon-to-be future is rose-tinted: Automation will free millions of people from the drudgery of work, then by taxing the robots doing all the work, we can pay everyone universal basic income (UBI), enabling a life of leisure and artistic pursuit for all. The result: a future of universal happiness. But is this accurate? Is this what UBI is actually capable of doing? More importantly, is this what we want? And even more importantly: Will this “future” be our best future? Listen to find out more.

America teeters on the precipice: our government is now captive to special interests and big money, twin cancers that threaten our democracy. This accelerating crisis is exacerbated by a toxic social media-fueled tribalism that has replaced “what do you think?” with “which side are you on?” Our crisis isn’t just political - it’s structural: as the pace of change explodes from gradual to non-linear, the organizations that dominate our economy - centralized corporations and government - become destined to fail.

Inequality is rising globally, and rising inequality is destabilizing. A status quo of increasing inequality self-destructs. To avoid this fate, we must answer this question: Why is the gulf between the wealthy and everyone else widening? The answer boils down to one word: privilege. There are many types of privilege, but they all share two characteristics: Privilege delivers benefits, wealth, and power that are unearned. Privilege is destabilizing for many reasons: The dead weight of privilege reduces productivity, generates perverse incentives, and fuels social injustice.

Our status quo - the pyramid of wealth and power dominated by the few at the top - has failed and is beyond reform. This failure is not rooted in superficial issues such as politics or governmental regulations; the failure is structural. The very foundation of the status quo has rotted away, and brushing on another coat of reformist paint will not save our societal house from collapse.

Debasement of the dollar as a result of ill-use of leverage is destroying the global economy, and in Leverage, well known market commentator Karl Denninger follows the path of money throughout history to prove that currencies are debased when moneyed and powerful interests pull the levers of government and policy to enrich themselves at the expense of the masses. The result is ugly: the value of everything - including gold - falls, and even personal safety is at risk.