Forum Post: We Need The Electric Standard
Posted 13 years ago on Oct. 9, 2011, 10:54 p.m. EST by oaco4242
(56)
This content is user submitted and not an official statement
I feel the federal government should invest in eliminating our fiat currency and phasing in a new federally controlled Electric Standard. The States will elect a member to chair the board that controls this - allowing a more stable leadership. The Gold standard is outdated and still has some flaws. However, the Electric Standard can be proven to be a balanced equation. The idea is that as our consumption of electricity increases, we will be consuming more as an economy and thus needing more money supply in circulation. So the capacity to generate electricity will be directly related to our need for currency. In my vision Money Supply = Consumption of Electricity + Export of Electricity + National Storage Capacity of Electricity We can earn money by exporting electricity -- now there is a thought. Can you imagine HOW MANY small businesses would spring up and eventually the United Sates of America could be selling our own energy to the world...think about it. Thomas Edison and Thomas Jefferson brought this idea to the table at the creation of the U.S. Constitution. The reason the idea did not take hold is simple, how vast was the electricity consumption back then? The other writers could not envision it - so it was simply not accepted. I need help with getting this idea to catch on. It is not complete and needs some serious consideration from those educated in economics. Ultimately I feel that OccupyWallStreet represents "a broad based frustration" as Obama said himself. I am one of the frustrated. I can see what is happening but feel powerless to do anything.
Waste of time! No practical sense..
The celebrated scientist Buckminster Fuller wrote a book called "Operating Manual for Space Ship Earth", and in it he proposed a global currency based upon energy. The currency unit was to be the "World Kilowatt Dollar".
http://tiny.cc/4oudt
http://tiny.cc/xyc5z
Haha! Fantastic. I really believe that if properly authored the Electric Standard could essentially be an evolution of sound money. Gold -> Energy!
The ultimate bottleneck to growth is energy, so why not create currency based on what the limiting factor to growth is? This way, the "money supply" can only increase if our potential for output increases. Right now, an increase in dollars does not necessarily correspond to a subsequent increase in production, and when the amount of money in circulation goes up without a corresponding increase in production, then we see the inflationary effects of money creation. I think to mitigate this effect, linking money supply growth with tangible productive capability could work.
Exactly. Just on a personal note, I think it was when we turned money into a commodity instead of just a representation - that is when the problem began.
I agree.
Based on you posting this topic, I think you may find the following articles of interest.
Hacking the Economy By: Douglas Rushkoff http://tiny.cc/zds3c
The Local-Global Flip, or, "The Lanier Effect" http://tiny.cc/gb7g2
Project Earth: A Resource Based Economy Explained http://www.youtube.com/watch?v=XDhSgCsD_x8
Thanks! I was just asking about this in another thread -- anxious to watch.
No offense, but how do you plan on getting everyone to do this?
There still will be disfunctional families, crime - people hoard by nature. Not everyone will want to bring the stuff back to these "resource centers" It almost seems like we would end up with complete dominance of a police force.
No offense taken; I understand it's a hard concept to sell to millions of people over the world. Take into consideration that we are undoubtedly heading into the Great Depression part II. I think that will make transitioning to a resource based economy much more conceivable. The average Joe is not going to buy into a resource based economy until he has a hard time finding work and providing his family with the basic necessities of life.
So, to sum it up: more people need to understand what a resource based economy is, and unfortunately more people will have to suffer until the idea is taken seriously.
My fear with this idea is that it might be too soon. WIth the current systems of politics worldwide - the idea requires too much trust.
A return to sound money would first allow humanity to get it's politics straight -- and I definitely see a resource based economy as something to strive towards!
You might be right, but how to you delete the current financial system? You can't just call it quits and start over, but if you let it perpetuate then we enter a global depression...