Power Currency

If you listen to the media, you hear that loss of the paper money would lead to loss of money itself. This media is propaganda. Money adapts to something else. A doctor, dentist, carpenter, or plumber, you can get paid easier. If you are a lawyer or college professor, you may or may not do ….  Read More

Commodity money is ‘hard money.’ If there was a disaster, and the Federal Reserve dollars we use now have no value, what would you use for money? When economies break down, people tend to move to money that is commodity-backed such as gold, silver, tobacco, tea, corn, jade, rice, and others. Commodity money itself has ….  Read More

We can further classify money into fiat and commodity. People accept fiat paper money because they are forced to by the King or Government, and they feel confident they can use it later to purchase what they need. If people lose faith in the money or there is too much paper money, then that money ….  Read More

Alternative currencies are accepted and work quite well if the people agree to use them. Most of these alternative currencies in 1907 were technically illegal. Everyone knew they were banned, but nobody did anything about it. Part of the reason was the lack of currency, but also, the use was so widespread that the government ….  Read More

In times of trouble, society invents new forms of money out of necessity. The USA saw thousands of communities use community issued scrip during hard times. During the Banking Panic of 1907, there was a terrible shortage of money in the USA. Instead of general collapse, people found ways to use new forms of money. ….  Read More

As society grew and became more complex, this arrangement was impractical. One of the innovations was the merchant who opened a general store. He stocked all the things the town might need. The farmers, traders, and homemakers went there to buy and trade items as required – cinnamon, sugar, boots, bread, coats, and canes. Still, ….  Read More

How many of these types of money in our past do you use? No doubt, you can add a few more to the list. Not everyone agrees that Facebook credits are a form of money. However, the people who use Facebook credits to transact a deal certainly see it as money and use it as ….  Read More

Anything can be money if people put a value on it, and it works as a medium of exchange. It is usual for money to change with the times. Typically, there is a dominant currency (such as Federal Reserve notes in the USA), then there can be all kinds of other types of money. In ….  Read More

The energy situation in the USA offers the most significant opportunity in the history of the world. Oil prices are passing records highs, and energy is controlled. Americans are creative, and when faced with a tough situation, they invent and work their way out. Stressful times bring about great innovation.

The USA has installed capacity of just over one million MWh of electricity potential. China is building 500 thousand MWH capacity in just the next five years . This growth is half of the size that the USA has built all during the 20th Century. The US Energy Information Agency thinks the USA projects to ….  Read More