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The Joule, or The Renewable Escape Strategy

The battle between those that want to sell and use fossil fuels and those that want to depart from that diseaster is being violently waged on the world stage. Not only wars over oil, but political movements against ugly wind turbines, climate denial, deregulation of pollution, gaging of fracking victims, the list is endless. Humanity is fighting and may succumb to it’s worst infection of all time, the desire to use fossil fuels.

But most people don’t realize the deck is stacked against everyone in a very fundamental way. Money, something banks make sure everyone needs at all time, is not neutral. It is carboncredit. Currencies are the main means to distribute fossil fuels such that the amount of currency needed to buy any item is always linked to the amount of currency needed to buy a barrel of oil, ton of coal or cubic feet/meter of gas. It may not be much, but imagne a world when one could not buy coal, oil, gasoline, gas etc. with the currency? The world would grind to a halt immediately.

The ‘carboncredit system’ as we call it, based on fossil fuels, is the only system that can function and support our modern economy. Why? Because the liquidity of the currency can (still) move about as fast as fossiel fuel liquidity where one wants to spend it. Want to mine somewhere? If you have cash in the spot you will find someone to haul your diesel there and you are in business. Want to double production? Cash will buy you what you need, because down the line that cash can buy fuel for the shovel manufacture, or coal for making the steel the shovel manufacturer needs, all because these produces recieve the currency, and the fossil fuels are available where they are.

We see how tight this relationship between our currency and fossil fuels is in the decisions of the right (who can be defined by their fossil fuel affinity). They will always free up the financial system, they will always advance fossil fuel methods. they hate creation of value without cashflow (what renewables do), and they hope the whole world is tied up in debt to assure nobody takes action to escape the carboncredit system. Some parts of the population must be jettisoned sometimes, the poor. Fine. Cut of their fuel supply. But let them grow their own? NOO!! That cuts into the fuel consumption of industrial farming.

Politically there is no way to escape this system as long as one uses the currency, Euro, Dollar, except in the case you have enormous cash reserves. Then you can spend it discretely, without interest payments or debt, and possibly build renewable energy sources with the fossil fuels the money buys, to find you become autonomous without the need for money after a while, able to offer value in units of free energy. We already wrote about how this actually puts deflationary pressure on the carboncredit system because more value floats around the system (more energy, fossil+renewables) than is anticipated by the carboncredit banks.

Selling your renewable energy for fossil fuel credit is mandatory in most places. It is also forced because the renewable energy sources like wind turbines are build with.. eh .. carboncredit. A windfarm is an enormous financial construction designed to maximize bank ownership and monetary control over the viability (existence) of the tubines. So much that they seem to expensive, while wind is the cheapest form of renewable energy! The fight will and can continue as long as fossil fuel money managed by fossil fuel banks is involved.

The renewable economy is completely different and incompatible with the present one. There’s much less cashflow for energy.There is no credit unless the energy resources are at the specific place where the credit will be used (although synthetic gas and gasoline, biofuels etc. can allow the same dynamics as we see in the current fossil fuel economy). Flash cash can’t achieve much if it arrives in a region that has a specific amount of renewable energy sources installed, because it would immediately cause inflation and people would protest against stealing of their local or imported products. There is no good way to think about a renewable based economy with concepts or even the goals of our present economy. What we see today in terms of “Economic growth with renewables” is a temporary ‘elastic’ phase we need to break out of or it will suffocate and lead to the demolition of all renewable energy sources under pressure of fossil fuel interests.

What is needed to escape this fate is a way to separate the carboncredit economy from the ‘roboeconomy’ (renewables based economy with widespread use of technology as we envision). We can only do that if we create a separate currency, managed by a separate bank, created by all the manufactureres and owners of renewable energy sources. The currency will be allocated based on the productivity (so tradeable objects) that can be achieved with the energy specific renewable energy sources, so it can drive local economic activity. We wrote about this earlier and the tax office seems to be one of the best options for distributing this new currency (we could call it the joule).

But rather than leaving it to fossil fuel interst infested governments to start up such bank it will have to be done by members of the renewable energy community. It will -not- be done by anyone else! As we wrote earlier every source of renewable energy warrants the creation of currency so that producers can purchase the energy with that currency. The only difference of this mechanism with the present economy is that renewable energy is usually local and transport has a cost which is included in the price (unlike with oil, where the waste of logistics is hidden to the consumer because the oil producer doesn’t care as long as some fuel gets sold). If useless buring of fuel had been a problem cars would have become  hydbrids long ago, it is not, it’s about the cashflow.

The best way to realize this currency is using some variant of crypto cash. This requires a number of servers to track the block chain of that cash, and they can be owned and managed by the renewable energy source producers. Their management can be payed for in the currency itself (let’s call it the Joule). The central bank determines the Joule credit created with each owner of a renewable energy source. That credit can be bought or traded for goods and services by anyone that wants to use the energy, and if it is spend the credit disappears, just as is the case with bank credit. There is one difference : There is no debt. With the arrival of large battery storage facilities near industrial areas the option becomes : either buy directly or from storage at a premium (meaning the energy you get for your currency is less).

Only if there is a separate currency can there be an independent powerfull lobby to take on fossil fuels and win. It will create numerous sources of credit used by local producers instead of central credit used by remote producers, and it will make carbon credit depreciate over time until slowely regions will no longer see fossil fuel supplies. People will feel more secure owning the Joule. As we wrote before another currency, the labour currency Auro can be used to transfer it over longer distances, but it may not be possible, but also not needed to do that. Renewables and automated production mean some areas will see continuous abundance able to support the locals as well as visitors.

Money is fossil fuel and the banking system is guarding that reality with every means to their disposal. Until there is money that is renewable energy there is no real way to extract ourselves from the fossil fuel economy, but we need to as soon as possible.

The Euro, Auro and the Joule

Cryptocurrencies for renewables

Roboeconomics