[Themaintainers] Upcoming Event! You're Invited: Engineering for Long Term Solutions

[Rodriguez-Nikl, Tonatiuh]

Hi Tim,

I'm glad you attended the forum and thanks for your follow-up comment.

I think you've presented some interesting ideas. I'm having a hard time following a number of them because of my limitations understanding the jargon and concepts that seem to be particular to the world of finance. I'm wondering if you can't provide a "for dummies" kind of explanation of your ideas. Just one example: "decisions are being made by experts in financialization as the use of securitization for institutional speculation using Fiduciary Money." I feel like to really understand this, I need to unpack what you mean by "financialization", "securitization", "speculation", and "fiduciary money". These are all concepts I thought I was familiar with, but when they're all together like this I simply have a hard time following.

Looking forward to hearing more about your idea.

Tona

From: themaintainers-bounces at lists.stevens.edu <themaintainers-bounces at lists.stevens.edu> On Behalf Of Tim MacDonald
Sent: martes, 7 de junio de 2022 07:41 a. m.
To: Liliana Coelho <liliana at themaintainers.org>
Cc: themaintainers at lists.stevens.edu
Subject: Re: [Themaintainers] Upcoming Event! You're Invited: Engineering for Long Term Solutions

I Zoomed in to this event last night, co-sponsored by The Maintainers and Long Now Boston.

One point made by panelist Donna Riley resonated with me particularly.  It is something all Maintainers, I believe, will need and want to develop some fluency in.

It is the question of the impact of financial decision making on engineering for maintenance into the long now, and Who decides?

Today, decisions are being made by experts in financialization as the use of securitization for institutional speculation using Fiduciary Money.

Financialization is diametrically opposed, philosophically, structurally, institutionally and BY DESIGN, to the ethos of both The Maintainers and The Long Now.

We cannot re-design Financialization to bring it into line with us.

BUT we can design a new architecture for investment of Fiduciary Money by Pensions & Endowments as the superfiduciary stewards of society's social superfunds entrusted to them as institutional owners of tens of trillions in Intergenerational Fiduciary Money, collectively, worldwide, with:


  *   the PURPOSE to realize fiduciary minimum cash flows sufficient to programmatically provide financial certainty in a dignified future to an evergreen, ever-changing population of qualifying individuals, directly, that will be also, of necessity, be a future of physical dignity for all of society, consequently; and
  *   The POWER of size, purpose and time to use technology to negotiate; they do not have to speculate. Which means they do not have to Financialize.  And they shouldn't.

At Bank of Nature, we call this alternative of Pensions & Endowment investing in enterprise, directly, through negotiation The Untaken Safer Alternative to Financialization as Business As Usual.

Decisions made for the future by Pensions & Endowments as superfiduciaries negotiating with enterprising visionaries directly can and should align well with the values of both The Maintainers and The Long Now.

In fact, as we Mobilize Fiduciary Money to set itself free from Financialization by embracing Negotiation we will be opening up a whole new career path for professionals who become expert in enterprise design through negotiated agreement on prioritizing cash flows.  The shared ethos of The Maintainers and The Long Now will become core skills for this new profession and these new careers.

So, my question is whether this group might be open to weaving a thread into these discussions that looks at enterprise design for a dignified future as  one part of the larger tapestries of The Maintainers?

Tim

Tim MacDonald
Legal and Financial Theorist
Bank of Nature

Bankofnature.eco

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