/lit/ - Literature

>The merely ‘economic’ point of view as it is understood today is not departed from, it certainly seems that money is something that appertains as completely as possible to the ‘reign of quantity’. This indeed is the reason why it plays so predominant a part in modern society, as is only too obvious; but the truth is that the ‘economic’ point of view itself, and the exclusively quantitative conception of money that is inherent in it, are but the products of a degeneration which is on the whole fairly recent, and that money possessed at its origin, and retained for a long time, quite a different character and a truly qualitative value.
>It may easily be observed, provided only that one has ‘eyes to see’, that the ancient coins are literally covered with traditional symbols, often chosen from among those that carry some particularly profound meaning; thus for instance it has been observed that among the Celts the symbols figured on the coins can only be explained if they are related to the doctrinal knowledge that belonged to the Druids alone, which implies a direct intervention of the Druids in the monetary domain, and the truth in this matter is the same for the other peoples of antiquity as for the Celts, of course after taking account of the modalities peculiar to their respective traditional organizations.
>Since money lost all guarantee of a superior order, it has seen its own actual quantitative value, or what is called in the jargon of the economists its ‘purchasing power’, becoming ceaselessly less and less, so that it can be imagined that, when it arrives at a limit that is getting ever nearer, it will have lost every justification, and that it will disappear of itself, so to speak, from human existence. Since pure quantity is by its nature beneath all existence, when the trend toward it is pressed to its extreme limit, as in the case of money, the end can only be a real dissolution.
- The Degeneration of Coinage by René Guénon (1945).

We are arriving at the last stages of dissolution in terms of money and transaction: With Facebook announcing "Libra" coin (Is there any better symbol for such display of mere Quantity as the scales of Libra?) we are truly arriving to a stage where all money, will literally disappear, more so than the fiat currency itself which itself has lost the kind of physical reality of it. Libra coin will probably not be the last, but it probably paves the way for more to come, and at least it will reach those users who at least use Facebook.

http://www3.weforum.org/docs/WEF_GAC15_Technological_Tipping_Points_report_2015.pdf
Around 10% of global gross domestic product (GDP) is likely to be stored on the blockchain by 2027 by this report. The developments might be more rapid.

Guénon's "Reign of Quantity", 75 years later remains as prophetic as ever.
>so that no one could buy or sell unless he had the mark— the name of the beast or the number of its name