A revolutionary financial ecosystem for (widely) shared abundance
By Steve Smith

Editor’s note: This was a story posted to me by Steve in comments on one of the Facebook Groups I visit, and it basically hooked me line and sinker. Still does, at least with its bold potential. It’s definitely one of those self-fulfilling visions whose fruition depends on those who see the light… and make the light… thru investing their parti-cipation. I have already started learning-by-doing by placing my own creative products and services up on the ecosystem. Even in its less than fully developed state, Frega is our only substantial ray of hope to upend the Death Star and enable humanity to breathe.

Part 1

Once upon a time there was an enchanted Leprechaun called Paddy. Paddy and his friends were upset that the people in the kingdom were being harshly treated and bullied by their masters. The mean old Ogres controlled the merchants in all of the Kingdom of Aotearoa, for their own benefit. And then there were the Money Lenders who controlled the money supply, enforced high interest rates and used extortion to feather their own nests.

People just couldn’t get ahead because of crippling debt and difficult laws that were designed to control them and to keep them in servitude. So Paddy and a few of his friends got together one evening by the light of a candle, around a kitchen table in the sleepy little hamlet of Titirangi…. and they began to plot. They began to make plans that would help to make the kingdom a nicer place, a fairer place, a happier place.

The plan was simple in its objectives. Paddy said to the group… “The Ogres and the Money Lenders keep each of us busy day and night in our little hamster wheels, turning out stuff to make THEM rich. Why don’t we all do this. Why don’t we join up our hamster wheels and work together, to make money that we can then share with everyone?” Continue reading →