The purpose of this short online book is to present a compelling case in favor of energy backed money. In particular, this book outlines a plan for the US Dollar to become a representative currency backed by electricity in units of kilowatt-hours (kWh).
http://www.energybackedmoney.com/
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Energy Backed Money | energybackedmoney.com Reviews
https://energybackedmoney.com
The purpose of this short online book is to present a compelling case in favor of energy backed money. In particular, this book outlines a plan for the US Dollar to become a representative currency backed by electricity in units of kilowatt-hours (kWh).
energybackedmoney.com
Chapter 7: Energy Backed Money vs. Gold Standard vs. Fiat Currency
http://www.energybackedmoney.com/chapter7.html
Energy Backed Money vs. Gold Standard vs. Fiat Currency. In this chapter I compare energy backed money with both the current system of fiat money and the former system of the gold standard. In particular I focus on the suggested implementation of energy backed money discussed in Chapter 6 which is to have the dollar backed by a guaranteed amount of electricity. Physical Limits on Inflation. Energy Backed Money: A-. Long Term Financial Planning. Energy Backed Money: A. With the gold standard you would hav...
Chapter 8: Energy Backed Money FAQ
http://www.energybackedmoney.com/chapter8.html
Energy Backed Money Frequently Asked Questions. Would I carry around a battery to make purchases? No, the proposal here is for a representative money and not commodity money. From a transaction perspective energy backed money would function exactly like our current fiat money and also like our previous gold backed money. The only difference is that a dollar might have some new wording on it like "5 kilowatt-hours guaranteed to the bearer of this note". How do you store the energy to back all the money?
Chapter 3: Price Deflation is Natural
http://www.energybackedmoney.com/chapter3.html
Price Deflation is Natural. The primary purpose of this chapter is to show how natural it is to have price deflation when you combine economic progress with a fixed monetary supply. Price Deflation Island Thought Experiment. Within the first week you probably have people buying and selling firewood, coconuts, and maybe even a few huts made with palm fronds. Maybe some fish are being bought and sold as well. Would you buy a coconut for a penny? Keep in mind that the average amount of money per person is n...
Chapter 4: Pros and Cons of the Gold Standard
http://www.energybackedmoney.com/chapter4.html
Pros and Cons of the Gold Standard. The Benefits of Gold. Like many nations, the history of the US monetary system is dominated by its association with gold. The US produced gold coins from 1792 through 1933. Dollar bills have been backed by gold with only a few exceptions such as times of war and from 1971 to the present. The US is currently not on any form of gold standard. Potential Drawbacks of Gold. Transitioning Back to the Gold Standard. Getting back to a gold standard would not be easy. The f...
Chapter 5: Introduction to Energy Backed Money
http://www.energybackedmoney.com/chapter5.html
Introduction to Energy Backed Money. HENRY FORD's conception of displacing gold money by a unit of energy stumbles and falls headlong on the threshold of its proposal.". The New York Times, December 6, 1921. As evidenced by the 1921 quote above, Henry Ford proposed a form of energy backed money almost a century ago. Thomas Edison was also interested in issues of monetary policy and "the energy dollar". Brief Overview of US Energy Statistics. Petroleum is used to produce things like gasoline and diesel fu...
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edwin2026 | Indo Expatriate
https://indoexpatriate.wordpress.com/author/edwin2026
Expose yourself to many things – Specialization is for insects. Some random topics to think about these few weeks. March 19, 2015. Probably due to my living condition (staying alone), I can allocate time to think about various things in church, society and family. This thing, if done in moderation, is a good thing as long as you do not try to … Continue reading →. The source of income in the old age outside state pension fund. March 5, 2015. Strange bug in Visual Studio. October 31, 2014. October 5, 2014.
Indo Expatriate | Expose yourself to many things – Specialization is for insects | Page 2
https://indoexpatriate.wordpress.com/page/2
Expose yourself to many things – Specialization is for insects. Newer posts →. Good spouse vs good friend. September 21, 2014. Normally, our best friends are from same gender either our high-school friends or our siblings. I think this principle is more realistic as most people lived before this generation also thought the same way. Marriage, until very recently, were mostly arranged by parents and bride and groom do not even meet each others before that! I think it is hardly they are best friend! I am t...
Strange bug in Visual Studio | Indo Expatriate
https://indoexpatriate.wordpress.com/2014/10/31/strange-bug-in-visual-studio
Expose yourself to many things – Specialization is for insects. The source of income in the old age outside state pension fund →. Strange bug in Visual Studio. October 31, 2014. OK, It has been a long time I never post about programming here although I am supposed to be software engineer (or probably more IT consultant for last 1 year). I encountered this strange bug which cause cannot be identified. Then, to my frustration, the break point always shifted to next line upon program execution:. It turned o...
The source of income in the old age outside state pension fund | Indo Expatriate
https://indoexpatriate.wordpress.com/2015/03/05/the-source-of-income-in-the-old-age-outside-state-pension-fund
Expose yourself to many things – Specialization is for insects. Strange bug in Visual Studio. Some random topics to think about these few weeks →. The source of income in the old age outside state pension fund. March 5, 2015. From MercatorNet: Imagine old age without the state. Much of this is not accidental. Compulsory PAYGO schemes tend to discourage work. In older ages and penalize larger families. Thus they contribute to their own bankruptcy. A better solution is to get the state out of old-age secur...
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Energy Backed Money
The purpose of this short online book is to present a compelling case in favor of energy backed money. In particular, this book outlines a plan for the US Dollar to become a representative currency backed by electricity in units of kilowatt-hours (kWh). The background chapters are intended to give the book a self contained and logical flow. Overview of US Monetary System. Inflation is Not Natural. Price Deflation is Natural. Pros and Cons of the Gold Standard. Energy Backed Money Chapters.
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