Revaluation fantasy

Author:

Muniesa Fabian

Abstract

“NESARA/GESARA” pops up easily when one searches for the financial element in conspiratorial, millennialist fantasies today. The acronym, NESARA, stood initially for National Economic Stabilization and Recovery Act: a rather fringe policy proposal ideated in the 1990s by Harvey F. Barnard, a consultant and founder of a NESARA Institute established in Greenwell Springs, Louisiana. The initiative, which took the form of a proposed bill but was never introduced before the US Congress, consisted in a systematic monetary and fiscal reform aiming at “general prosperity” (against the “contrived scheme” put in place by “power brokers in Washington, DC”) and included things such as the restoration of gold as constitutional currency, the end of the Federal Reserve System, the elimination of national debt, the abolition of compound interest on loans, and of income tax. The 2000s saw the acronym evolve, now standing for National Economic Security and Reformation Act and referring to a rather esoteric version of the plan, soon acquiring a planetary dimension, in the form of a Global Economic Security and Reformation Act, GESARA. Shaini Goodwin - a spirituality and investment consultant known as the “Dove of Oneness” in New Age internet circles - spearheaded this new conspiratorial interpretation. The “global currency reset” and the general “revaluation” the reform called for were considered to be in fact underway, although in a secret, occulted fashion, with an adverse league of political and financial elites conspiring against the changes. NESARA/GESARA also started to carry a distinctive spiritual, prophetic element, with the restoration of the fair, original, real value of persons and things being connected to the equilibrium of energies - at once planetary, cosmic, mystical, psychic, extra-terrestrial, interdimensional, divine, and economic.

Publisher

Cambridge University Press (CUP)

Subject

Sociology and Political Science,Social Sciences (miscellaneous),Finance,History and Philosophy of Science,Arts and Humanities (miscellaneous)

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1. Edges of the financial imagination;Finance and Society;2023

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