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IPFS News Link • Currencies

Flashback - Carbon Currency: A New Beginning for Technocracy?

• https://www.technocracy.news, Patrick Wood

On the world horizon looms a new global cur­rency that could replace all paper cur­ren­cies and the eco­nomic system upon which they are based.

The new cur­rency, simply called Carbon Cur­rency, is designed to sup­port a rev­o­lu­tionary new eco­nomic system based on energy (pro­duc­tion, and con­sump­tion), instead of price. Our cur­rent price-based eco­nomic system and its related cur­ren­cies that have sup­ported cap­i­talism, socialism, fas­cism and com­mu­nism, is being herded to the slaugh­ter­house in order to make way for a new carbon-based world.

It is plainly evi­dent that the world is laboring under a dying system of price-based eco­nomics as evi­denced by the rapid decline of paper cur­ren­cies. The era of fiat (irre­deemable paper cur­rency) was intro­duced in 1971 when Pres­i­dent Richard Nixon decou­pled the U.S. dollar from gold. Because the dollar-turned-fiat was the world's pri­mary reserve asset, all other cur­ren­cies even­tu­ally fol­lowed suit, leaving us today with a global sea of paper that is increas­ingly unde­sired, unstable, unusable.