Using old models just doesn't work anymore and there aren't any new ones.

The idea of monetising credit other than Bank credit  is not new. The idea of creating a credit "Clearing Union" with an abstract Value Unit is not new either. That is essentially what Keynes proposed at Bretton Woods.

But the creation of fungible Value Units as "quasi Equity" eg redeemable energy units, and redeemable land rental units is,as far as I know, a new concept. It is the consequence of an entirely new, and I believe, optimal "Open" Corporate form which may yet render existing "Corporations" redundant.

Whether or not these Units will be superior to the alternatives remains to be seen.

"The future is already here -- it's just not very evenly distributed" William Gibson