We begin this episode with a shoutout to our friends at the Canadian Centre for Architecture (CCA) and try to settle once and for all the Montreal vs New York bagel question. Then (13:58) we welcome to the pod old friends and new co-authors Gustav Peebles and Ben Luzzatto to talk about their new book, The First and Last Bank - Climate Change, Currency, and a New Carbon Commons (MIT Press, 2025). We start with their bold idea that the history of the monetary gold standard could be reconceived as a beta test for a new carbon banking paradigm to draw down atmospheric carbon, convert it into biochar and sequester it in a Fort Knox of sorts. But what about carbon's earthly abundance and lack of charismatic features such as gold possesses? Ben and Gustav have answers for us and we move from there to talking about how to make carbon sacred, the project of converting waste into wealth, and how digital money and even crypto could help widen public participation in carbon banking. We examine the growing movement around biochar, and what we can learn from the 19th century activists that created the deposit banking system. Finally, we talk about the practicalities of how to get a carbon bank off the ground. Please listen and share! Happy Indigenous Peoples' Day! Hang in there, everyone, peace and love.