Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Prepay will lead to:

(a) Geographically acceptable/fungible currencies - ie prepay units of land rentals sold forward at a discount;

(b) Global acceptable/fungible currencies - based upon the value of pre-paid energy (initially natural gas).

These asset-based currencies will be exchanged against people-based value on credit terms by reference to a standard unit of measure for value (a unit of account) which will in my view be an absolute unit of energy.

Note here that disparate energy currencies are not the same thing as the energy standard unit of account by reference to which they may be exchanged. One can no more run out of units of account than one can run out of kilogrammes or metres.

These exchanges of value require a suitable 'Guarantee Society' framework of trust.

Through adopting the necessary agreements/protocols and instruments we will transition from a dollar economy to an energy economy, and to least $, £, € cost accounting  to least energy cost accounting.

The end game is for the $, £, and € to go onto an energy standard in the same way that the Euro nations fixed their currencies against an abstract (and literally worthless) €.

See my recent presentations to the Schumacher College's 'Banking on Ourselves' course.

Flight to Simplicity



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

by ChrisCook (cojockathotmaildotcom) on Wed Dec 19th, 2012 at 10:11:48 AM EST
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