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Issue #47: Consensus Mechanisms in Traditional Finance and Decentralized Finance

In Issue #36 of Monetary Mechanics, I introduced the idea that blockchain-based finance (i.e. decentralized finance a.k.a. DeFi) is a fundamental improvement in the accounting of economic transactions that facilitates the expression of a whole series of novel financial functions. This expansion in financial functions will undoubtedly be commensurate with the historic explosions in the volume and variety of economic activity that are associated with the Renaissance, the Industrial Revolution, and the post-WWII economic boom. ....

United States , Chris Berg , Roberte Ulanowicz , Bernard Lietaer , Robertv Roosa , Sallyj Goerner , International Monetary System , Federal Reserve Bank , Deposit Insurance Corporation , Income Clearing Corporation , Economic Research Conference Series , Federal Reserve , Exchange Rate Arrangements , Monetary Mechanics , Industrial Revolution , Federal Deposit Insurance Corporation , Byzantine Fault Tolerance , Distributed Systems , Byzantine Generals Problem , New York , Economic Sustainability , Free Enterprise Theory , Clearing House Interbank Payments System , Fixed Income Clearing Corporation , Rate Arrangements , Reserve Bank ,

The "Special Relationship" and The Empire of the City


The “Special Relationship” and The Empire of the City
To and for the establishment, promotion and development of a Secret Society, the true aim and object whereof shall be for the extension of British rule throughout the world, the perfecting of a system of emigration from the United Kingdom, and of colonisation by British subjects of all lands where the means of livelihood are attainable by energy, labour and enterprise, and especially the occupation by British settlers of the entire Continent of Africa, the Holy Land, the Valley of the Euphrates, the Islands of Cyprus and Candia, the whole of South America, the Islands of the Pacific not heretofore possessed by Great Britain, the whole of the Malay Archipelago, the seaboard of China and Japan, the ultimate recovery of the United States of America as an integral part of the British Empire, the inauguration of a system of Colonial representation in the Imperial Parliament which may tend to weld together the disjointed memb ....

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