They want to have a currency reset so they can tie currency to information instead of energy as it currently is. We will no longer have the petro dollar, but rather the info-dollar. Information/data = evolutionary voltage. TPTB have decided that data/information is a better representation of currency than energy due to the fact the U.S. is now energy independent. Pretty soon we are going to move away from hydrocarbon based fuels and instead run our cars on alcohols like Butanol which have very similar energy density to gasoline. The petrodollar is dead.
To me, the only thing that should be used as currency are precious metals. I think it serves better than oil, info, or even military strength currency. I wouldnt want to base my currency off of something we burn millions of gallons of, like petrol. Unlike most elements on the periodic table, precious metals dont evaporate, rust or degrade, are not very abundant (until space mining happens) and aren't radioactive.
I believe energy is a decent form of currency, it mimics the way our body spends its currency(ATP transformed into mechanical energy). What's wrong with money being a representation of human labor, or energy expended? It takes energy to mine, purify, and shape precious metals, it takes energy to produce, to create. Energy allows us to do work, and work over time = power. These are physical realities, if money is to serve as a medium of exchange it must intrinsically represent someone's work. You work a certain quantity of time, you get paid, and are rewarded with power in exchange for your work over time. That money gives you the power to make others spend their energy on your behalf. You pay someone to build your goods, to provide services, which themselves are a function of work over time. You in turn give them power in the form of currency.
At least that's how I see it. I'd love to continue this discussion by hearing how you see it. Again it takes energy to mine precious metals, just like it takes energy to mine crypto currencies. The prime mover is still energy which produces work over time and gives a measure of power.
"What's wrong with money being a representation of human labor, or energy expended?"
Because the value of human labor isnt tangible. Sure you can trade labor for goods, but that's just a barter system, and a gold backed currency has a clear advantage over a barter system. We trade our personal energy for a tangible currency to avoid the cumbersomeness of bartering. How would you transfer energy in a transaction?
"Work over time = power."
I'm not sure how that's actually true? There are plenty of people who have barely worked their entire lives, but have immense power. Yet construction workers have no power. And once again, how would we transact "power" in normal commerce?
I'm always down to discuss finances lol
(post is archived)