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The Immaterial Currency: The Epic of Wealth That Cannot Be Touched

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Ideas & Philosophy

The Immaterial Currency: The Epic of Wealth That Cannot Be Touched

العملة اللامادية: ملحمة الثروة التي لا تُلمس

By Architect Imad Darouich

A fable in ten chapters, framed by a beginning and an ending: one Monday money loses its body, the last banknote goes into a glass case, banks become apps, a millionaire's fortune vanishes in an error message, and a city puts currency on trial before learning that its wealth rested on trust.

Format
PDF ebook
Languages
Arabic and English
Collection
Ideas & Philosophy

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About This Book

On a Monday morning the world wakes to find that money has lost its body, with no banknotes, coins or gold bars left, only figures and signals passing between machines, and an old man in the marketplace asks who will liberate humanity from money. The last banknote is placed in a glass case like a relic, banks shrink into an icon no larger than a fingertip holding houses, debts and the futures of families, and a millionaire discovers, when his screen shows an error, that his fortune was a sentence on which machines agreed. A market of ghosts sells symbols no one understands, a merchant sells units of emptiness until emptiness becomes scarce, and a child holding his grandfather's gold coin hears his teacher ask what real means. When people stop believing, the system collapses without war or famine, and at the trial of money the screen in the dock answers that it is the value people agreed upon and the fear they traded. The book ends with the old man telling a child that the heaviest money is the kind you cannot touch and still fear losing, and with an architecture without stone whose foundations are trust and whose roof is human imagination.

People stopped believing.

Its value was never inside it.

Paper becomes money only when we believe what is written upon it.

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