Is energy the currency of the future?

[wpage]

If energy continues its course. It appears to be the new universal currency of choice...

So renewable energy would then be like making your own money!

Unlike counterfeiting its legal

So which denomination is best?

Solar, Wind, Hydro,

Pick one!

[Sephiroth]

Energy is already the currency

Though the entire capitalist system is a scam anyway. As the cliche goes the rich get richer and the poor get poorer until one man owns everything. That is the inevitable conclusion of capitalism.

But more disturbingly is where the currency comes from! Where does it come from? How is it that there is more money now then there was 50 years ago?

*Rant Warning*

Once upon a time currency used to be worth something. It would say on the notes that this note is redeemable for the sum of such-and-such amount of gold.

Now what does it say? I promise to pay the bearer the sum of $/£5!!!

Every bank note in circulation is an IOU!!!

So money is worthless. We just think it has value, but it gets worse.

In fact, I'm not even going to go into a rant about this... I'll just post a link to a vid that says pretty much everything I would

http://video.google.com/googleplayer...44949&hl=en-GB

[dubsta]

it seems nothing is backed by gold anymore.

I was just thinking the same thing, energy could possibly be the currency of the future!

[Tehnoman]

Well, as far as I know, there is a rule, that Bank needs to keep a certain amount of gold behind it's national currency. So it is not like all the money in the world is worthless.

Yet, there is this big economic crisis in USA (If I am not wrong or my info isn't outdated). So the money is becoming less worth.

About future and energy - I really hope, that energy won't be future currency. Why? Because it is today and so that means - it is not for free. If the humanity will ever succeed in getting energy out of active vacuum and curved space, then it will be for free and thus won't satisfy money definition.

For better future!

[Sephiroth]

Well, as far as I know, there is a rule, that Bank needs to keep a certain amount of gold behind it's national currency. So it is not like all the money in the world is worthless.

Yet, there is this big economic crisis in USA (If I am not wrong or my info isn't outdated). So the money is becoming less worth.

About future and energy - I really hope, that energy won't be future currency. Why? Because it is today and so that means - it is not for free. If the humanity will ever succeed in getting energy out of active vacuum and curved space, then it will be for free and thus won't satisfy money definition.

For better future!

Brown to sell half UK gold reserves

Good ol' Gorden

[dubsta]

there is no gold lol.

Read up, I cant find one single currency except for the islamic Dinar that is using gold

Islamic gold dinar - Wikipedia, the free encyclopedia

[Ted Ewert]

Energy, in a form that is usable, will always be better than money. Energy has intrinsic value to virtually everyone.
Being able to produce usable energy, usually in the form of electrical power, is like owning a money machine. You can create your own wealth.
Of course, this is only true until everyone has their own generators. Then your energy would only be for personal consumption. Nevertheless, being the first guy with a generator in your area would be a boon.

T

[amigo]

Gold has not backed money for a long time now. Banks do not need to have gold anymore since everything is based on principle of fractional banking (usually 1:10, meaning I deposit $1 and they can lend out $10 based on that deposit).

Further more, money is a fiat currency, a promisary note by the government who says it has value and is enforced by laws.

The last president to have printed own money and tied it to gold, instead of being printed by privately owned Federal Reserve, was JFK.

[MGC]

If money were no object

This question caught my attention because I've been thinking about this topic a lot lately.

If the new energy revolution were to create a bubble in the energy market, what would happen? Could there be too much ? If so, what would happen ? Manufacturing would boom, productivity would explode, and companies like Google would keep adding massive new datacenters for their free or inexpensive services.

As the cost of manufacturing power generation equipment drops, the available power increases.

If each refinement of power and manufacturing follows Moore's Law the way transistors did, energy and manufacturing costs would stairstep down toward zero. (ie. CPU power was rare and exotic therefore expensive and centralized, now it's so common as to be thrown away. ). Given enough energy, rare materials such as gold and palladium can be extracted from the dirt or generated in particle colliders. Given enough energy, then gold is no object. What then to base an economy on?

Maybe when energy becomes "no object" , the only currency left to exchange is our creativity and time.


Thank you for your thoughts

~Mike

[Tehnoman]

[..]
Maybe when energy becomes "no object" , the only currency left to exchange is our creativity and time.
[..]

That is good one! And quite true. Yet, with this great possibility would come even greater responsibility. Control the usage, that it would not be used as destruction power or wasted for nothing etc. There are many aspects of psychology, economics, and politics to deal with. I'm not talking about progressive technology suppression, but what comes after that.

"World is changing."
/Lord of the Rings/

[mrbreau]

It'll come to the *spice* eventually!

Maybe when energy becomes "no object" , the only currency left to exchange is our creativity and time.

Thank you for your thoughts
~Mike

I read these posts and watch the news of the *bailout* and can't help but think of the movie "Dune" and the parallels. It's all about two of the six things we all want, "wealth without work" and "Power without talent or merit." The other four being, "attention," "approval," "a sense of security," and "pleasure and comfort." I want these things. We ALL want these things. The big question in my mind is: what do you strive for once you have it all?

This may be a bit off topic but I'm going for it anyway. There is a book, still in print, titled, "The Richest Man in Babylon" by George Clason. IMO it is a veritable gold mine of information on how to manage personal finances. The first thing the "Richest Man" does is hold a seminar to enlighten the people on acquiring wealth. At the seminar he asks each attendee how much they earn. The range goes from, for example, 100 to 200,000. He remarks that something is wrong if the guy who makes 100 doesn't have enough money and the guy who makes 200,000 also doesn't have enough money.

I used to give seminars on this book because a lot of what is said ISN'T all that obvious. For example, only PART of what you earn is yours to keep. The trick is to define what part is your part.

There are other good reads too. For example, "A caveat Against Injustice" by Roger Sherman, 1752. Or; "The Greatest Hoax on Earth" by Merril Jenkins, Sr.

Link; http://www.geocities.com/Heartland/7006/caveat.html

So, the "currency" is what WE make it. How we use it is a totally different matter.

Warren
..


"When a man's knowledge is not in order; the more of it he has, and the greater will be his confusion." Herbert Spencer

[patmac]

Oil is the money actually

In economic, growing economic is measured by oil consumption, but oil cheap is getting depleted very fast on the planet, actually each day oil explotation is depth sea, or depth perforation, and actually light oil is depleting faster than heavy oil, light oil is most used for produce gasoline because need less heat to refining, heavy oil is very parafined but is good for asphalt. Actually the greater reserve of heavy oil is in Venezuela, PDVSA (Petroleos de Venezuela) has developted technologies for refining heaviest oils, many of his refineries is in USA is called Citgo, Citgo was brought by the Venezolane president Carlos Andres Perez in 70's in that years Citgo was sold in bankrrupcy. In that years Venezuela was greatest allied of USA in South America; by that Venezuela was equiped with wepondry north-american, like fussiles M16, F16 air crafts, etc, after Cuban invasion. Today Venezuela is governed by NEO communist block, Hugo Chavez, Fidel Castro and old school russians. Then Hugo Chavez has destroyed PDVSA getting fired the employeds highly qualified. With that the more important project to reconvert heavy oil in fuel was stopped and basket case, the more important project was called Bitumen to produce Orimulsion (trademark registered), and the PDVSA fillial was called Bitor (Bitumenes del Orinoco), near to the Orinoco River is the greatest reserves prooved of heavy oil on the planet (300.000.000.000 barrels). Extra Heavy Oil is called Bitumen in Venezuela and Bitumen is near to seemed coal liquid is heavy and thick. Actually exist a little contracts to produce it and patent explotation, Japan, China, Canada and Guatemala possibly.

Orimulsion is used on diesel engines, and lower emissions is reported than using normal diesel, in Venezuela public transportation like bus is using it, I can't see smoke on his exhaust.

The remain is history.

Some Patents information to produce Orimulsion:

5,935,447 (PDVSA-Intevep)
5,989,436 - 6,165,360 (like water spark plug?)(Mitsubishi, JAPAN)
6,077,322 (The Babcock & Wilcox Company, USA)







But we go to the main point, renewable energy, I was thinking that technology to reconvert Heavy Oil in Fuel Oil (usable on Diesel Engines) can be used to convert easily castor oil for example in Fuel Oil and can be cheap?

Traditionally to convert castor oil in Biodiesel is a process with Methanol and acid, Methanol is to 10-20%. well methanol actually is oil derived, is high cost too.

The Orimulsion's secret now is knowed by new energy movement, really is Heavy oil dispersed on water 30%. Like mixing water with gasoline for example.

Patent's Mitsubishi is intereting because remember me to water spark plug.

If we have free energy, currency can will back to recover the real value, based on gold for example, Banks is no necessary, and fakes trade on Wall Street go down.

[Sephiroth]

I read these posts and watch the news of the *bailout* and can't help but think of the movie "Dune" and the parallels.

The whole Dune series is excellent! You should check out the books!

"He who controls the spice controls the Universe"

[Gre]

I'm thinking cash will be the "currency of the future" .. lol


Real Estate is down .. Stock market is down .. Credit is going away .. Oil is going down .. Dollar going up .. This spells out one thing: deflation.

[mrbreau]

The whole Dune series is excellent! You should check out the books!

"He who controls the spice controls the Universe"

**Been there. Done that.**

Another one to look at is the "Dark Matter" series by Philip Putnam. You probably only know of "The Golden Compass" but that is only the first part of the trilogy. The term being used in the news these days is "Dark Matter" or "Dark Energy." It is also said in it, "whoever controls the dark matter controls the universe."

It interests me that there are so few responses to this thread. Given today's economic climate I'd think more people would be interested in what could be done and what could not be done to ease their burden(s). It may be a sign of the times or a comentary on the state of the worlds people. Who really cares? And why should I do anything if someone else will do it for me? Sad.

I'm off my soapbox now.

Warren
..



"When a man's knowledge is not in order; the more of it he has, and the greater will be his confusion." Herbert Spencer