Fiat money and speculation were the root causes of the current global economic situation.
The subprime mortgage crisis in the States started the domino effect of economies around the world spiralling into recession. The fact is, though, the physical resources of the Earth (what we used to base value on) are still, and have always been there. The exception to always being there are non-renewable resources like fossil fuels. I think the entire world needs a gradual shift to an economic reset. We need to base the value of goods and services on something other than speculation. One suggestion is to base it on the cost of energy needed to produce a good or service, which is sort of the same as now: a certain amount of gas is needed to raise crops and bring them to stores. But what I am proposing is the rapid
phase-out of non-renewable energy sources. We can build cars that run on corn, hydrogen, algae fuel, or batteries - whatever is needed to reduce pollution while continuing to recycle the elements we are using, instead of just burning them up into the atmosphere.
So let's say that a standard is set on the cost of one kilowatt-hour of green energy, be it from wind, solar, tidal, or geothermal sources. This can be the new basis for the worth of goods in the new economy.
We can't let banks have all the power. They led us into this mess.
The subprime mortgage crisis in the States started the domino effect of economies around the world spiralling into recession. The fact is, though, the physical resources of the Earth (what we used to base value on) are still, and have always been there. The exception to always being there are non-renewable resources like fossil fuels. I think the entire world needs a gradual shift to an economic reset. We need to base the value of goods and services on something other than speculation. One suggestion is to base it on the cost of energy needed to produce a good or service, which is sort of the same as now: a certain amount of gas is needed to raise crops and bring them to stores. But what I am proposing is the rapid
phase-out of non-renewable energy sources. We can build cars that run on corn, hydrogen, algae fuel, or batteries - whatever is needed to reduce pollution while continuing to recycle the elements we are using, instead of just burning them up into the atmosphere.
So let's say that a standard is set on the cost of one kilowatt-hour of green energy, be it from wind, solar, tidal, or geothermal sources. This can be the new basis for the worth of goods in the new economy.
We can't let banks have all the power. They led us into this mess.
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