In today's world, we primarily focus on one type of economy. That economy is Wall Street driven. According to a website speaking the conversion of gold backed money to fiat currency:
The United States dollar used to be backed by gold; however, in 1971 the US officially withdrew its promise to convert dollars into gold. The US dollar is now considered fiat money because the value of the dollar is derived from legal tender laws that require people to accept dollars as payments of debt. Since there is no physical limit regarding the amount of un-backed dollars that can be created, there is very little preventing inflation of the US money supply. http://www.energybackedmoney.com/chapter1.html
We often think of the Federal Reserve as being exactly what it says, Federal, meaning government. It is not. The Federal Reserve is controlled by bankers and exists for the banks and by the banks. It is not there for the general population's well being. Nor do they care about the environment or the future of our grandchildren and children. They are there for their own wellbeing. Nobody else's; just their own. Profit is the "be all and end all."
The self-centered arrogance of banks specifically and corporations in generals are traits of psychopathology. The criteria for a diagnosis of psychopathology are:
A pervasive pattern of disregard for and violation of the rights of others, occurring since age 15 years, as indicated by three or more of the following:
1. Failure to conform to social norms with respect to lawful behaviors as indicated by repeatedly performing acts that are grounds for arrest;
2. Deception as indicated by repeatedly lying, use of aliases, or conning others for personal profit or pleasure;
3. Impulsivity or failure to plan ahead; (5 year plans vs ancients speaking to 7 generations)
4. Irritability and aggressiveness, as indicated by repeated physical fights or assaults;
5. Reckless disregard for safety of self or others;
6. Consistent irresponsibility, as indicated by repeated failure to sustain consistent work behavior or honor financial obligations;
7. Lack of remorse, as indicated by being indifferent to or rationalizing having hurt, mistreated, or stolen from another.
Thus is the criteria for a large, possibly a majority, of those in corporate boardrooms, banks and those within our governmental systems. In essence, we live within a sociopathic culture.
Consider corporate television. How much of it is about caring for the general population? How much of it is to entice profits for various sponsors of shows? How much of it is about controlling your behavior. For example, how are your buying habits benefiting the corporations sponsoring the shows you watch? How do they reign you in to buy? Ah, those sexy ladies with a desiring wet tongue seductively licking moist, blood red lips. Oh, how they entice us to buy!
We have surrendered our power, livelihood and wellbeing to people who ultimately don't care for us, or the world in which we live. Nor do they care about future generations, i.e., our children and grandchildren. The corporate mentality regarding long-term objectives is 5 years. And the Natives used to look at the consequences of a decision 7 generations into the future? According to Wikipedia:
Seven generation sustainability is an ecological concept that urges the current generation of humans to live sustainably and work for the benefit of the seventh generation into the future. It originatedwith the Iroquois Great Law - which holds appropriate to think seven generations ahead (about 140 years into the future) and decide whether the decisions they make today would benefit their children seven generations into the future.