Frederick Bott
2 min readOct 13, 2022

--

There is an energy connection with money, specifically money issued as debt, which we can no longer ignore. It was useful for the first few thousand years to bootstrap us to where we are (Where we've been for about 120 years), but we should have dropped it by now, because it ties us into extracted energy, so is actually physically unsustainable.

We either stop it, and reverse some of the damage done in recent decades, or we perish, very soon.

Money as debt can only translate to product obtained by promises to do work. We should notice that the opportunities for doing work are becoming less and less for all humans, due at least to automation, which itself only requires energy, not us.

With all else removed, the only necessary work remaining is the work of extracting energy per-Joule, from our planet.

But solar product is something put into our economy resulting from solar energy, which requires no work of extraction, the Joules from it are pushed to us from the sun for free.

We currently put to use tens of GigaJoules per second from solar in all developed countries, and none of this is monetised. The only way of monetising it is to give money representing it for free to all people.

Whilst the free product put to use necessarily continues to scale up and accumulate, and money is not issued to represent it, money has to devalue, since it is increasingly becoming less representative of actual product being put to use, so money is devaluing, and we see this as inflation.

That will not change, for the better, in fact it will worsen unpredictably as a hyper-object, just like the climate, until free money is honestly issued in amounts truly representing the solar energy received, like we saw when 4tn per month was being issued in the US, and the dollar value even went up at the time it was being issued.

Looks like nature has decided it has had enough of dealing with the fallout of money-as-debt.

Now it is calling the shots, we either start to issue the free money reflecting the free energy that nature issues to us for free, or we lose all value in money.

She is at check, with one move to mate, it seems to me.

--

--

Frederick Bott
Frederick Bott

No responses yet