Electricity as the universal basis for a new money system
August 31, 2011 @ 10:23 am
Eric Blair
Activist Post
A couple of weeks ago, a fresh idea for a new monetary system was quietly introduced that deserves more consideration. In fact, it's an idea so profound that it could potentially solve some of the biggest problems facing human civilization. Increasingly the masses are becoming dreadfully aware that the current predatory monetary system is the greatest threat to human freedom, world peace, and environmental harmony, and must be abolished and replaced with something new.
The pioneering proposal is to create a monetary system based on electricity. Popular alternative news radio host and former NASA scientist, Michael Rivero, motivated by his knowledge and extreme displeasure of the current banking system, proposed the "Lectro": a universal currency based on one kilowatt hour of electricity. Rivero writes:
"What is needed is a medium for exchange that increases in supply right alongside the population itself, in order to maintain stability and constant value.
So, my suggestion is to use electricity as the universal basis for a new value-based money system. For the purposes of discussion I call the new US monetary unit the "Lectro." It is redeemable for one kilowatt hour of electricity...