Frederick Bott
3 min readNov 30, 2022

--

Yay, great to see someone advocating for free money, I recall Jared indicating some allergy to the free money term and concept, so was not expecting any free money advocates to be appearing in comments to Jared's articles.

I had a look at monetaryalliance.og, looks good to me, thanks for the link.

If I may suggest, it could be improved, I think, by linking money to energy, making your alliance also a positive energy alliance, though it wouldn't require any renaming, what it would give you is something physical that the free money is issued on. I would suggest it should be Joules of energy received and put to use from the sun.

The problem with free energy at the moment is that since there is no labor of extraction associated with it, money issued as debt can't ennumerate it, because a promise to pay is simply a promise to do work, and ultimately, in the absence of all other work, only the labor associated with energy by extraction can redeem the value of money issued as debt. In other words, what is returned for the money, is labor, whilst what we need to be returned, is Joules of energy.

The result is that much of the Joules of all of the solar energy currently being received, are not being transported to the greater economy, to add energy to all things, and all people.

Issue of money is needed to transport those Joules, in the same way as nutrients transport Joules within plants, they have to be issued within the plant, in response the the Joules received by its leaves.

Personally I don't think we can solve anything by leaving issues separate, the problem is systemic, it is a system which is broken, only a systemic fix can put it right.

Free money absolutely needs free energy, as far as I can see, and it is also clear we have a problem with free energy without issue of free money to enummerate it.

The magic of free money happens, when issue of it is done in response to the reception of free energy, it seems to me.

Right now, we have a reasonably solid argument, based on data, to say in UK, the free energy received this year is worth £50Bn. This is only a fifth of the potential, since we can easily practically scale it up fivefold, to achieve 100% solar powered, therefore £250Bn seems like a reasonable estimate of a complete initial annual solar stipend. In practicality, this will absolutely be built on, by having it all hydrogen backed up, the goal of everyone will be to maximise the amount of hydrogen produced, in order to further increase the solar stipend, also selling excess hydrogen to transportation, all of which can be converted to consume hydrogen, even electric vehicles.

Add to this, that the solar energy received in UK by community and domestic solar, since around 2005 when utilities consumption began to diverge from population increase, appears to be worth around 457Bn.

If that money representing outstanding "Solar credit", was issued right now, clearly identified as "Kardashev Money", the means and incentive to immediately implement as much solar infrastructure as humanly possible, and we would be 100% solar powered in only a year or so.

The benefits of that to economy, and all things, are too long to list, but I am sure you already know that :)

Btw, since the US has around 5 times the population of UK, and a dollar is more or less worth a GBP, you should expect in US to have a potential initial annual stipend of at least 5 x that of UK, so maybe $1.25Tn, and an outstanding solar credit budget of maybe $10Tn, though to be fair, the money issued during covid would need to be subtracted from the second figure.

Here is how to work it out:

https://eric-bott.medium.com/filling-the-current-uk-economy-50-billion-black-hole-with-light-34f9de4df245

--

--

Frederick Bott
Frederick Bott

No responses yet