The article draws parallels between modern fiat currency and cult-like structures, emphasizing how both rely on collective belief and authority. Fiat currency’s value is based on mutual agreement, akin to the 'manufactured consensus' seen in cults. Central bankers, like cult leaders, are perceived as authoritative figures guiding financial beliefs. The 'Mandrake Mechanism' of money creation is likened to cult rituals, where complex processes maintain mystery and power, suggesting a need to critically analyze these systems for financial stability.
At its core, fiat currency operates on a foundation of collective belief - paper money and digital entries have value because we collectively agree they do.
This gradual acceptance of fiat currency as 'normal' perfectly exemplifies what political scientist Joseph Overton described as the 'Overton Window'.
Just as cults establish unquestionable leadership figures, the modern monetary system positions central bankers as near-mystical authorities.
The process of money creation, dubbed the 'Mandrake Mechanism' by critics, functions remarkably like cult initiation rituals - complex, obscure to outsiders.
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