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Sunday, April 01, 2007

Oil & gas money

Maybe it's a pure futuristic thought, but it came to me after reading and commenting this blog about the global political economy and future of Russia.

Imagine someone has created electronic money based on oil & gas, which are beyond central bank regulations. Why beyond? Because this oil & gas money is not for making loan based dependency. It's for trading any goods and services (in result) and for the appropriate transactions, only for that.

Here is how it might work.

Need oil & gas? Pay e-money. Don't have it? Give us this and this in exchange ...

As a matter of fact if some wealthy clans could create 100 years ago the world currency and loan based banking, why another structure can't emerge?

The main question is - who can even start thinking about it and where - in Russia, in the Arabic world, in Venezuela, in the US, EU ...?

3 comments:

Nikolay Kryachkov said...

The earlier post was about Knowledge Money.

When people are talking about intangibles they mean brands, values, social capital, etc. Why not money?

Nikolay Kryachkov said...

Knowledge Persons has started a relevant discussion - Intangibles: brands, values ... Why not money?

You can join and let's see what will be next.

Anonymous said...

I think that the system of value based on paper money/virtual value and even gold/silver is not sustainable for the mankind future.
I think that we should switch in time to an energy related value system... finally if you have energy you can have everything - energy should be the philosophical stone changing lead in gold....
Stepping forward to oil as reference value we are making the first step in the direction of energy base system of values... ok - not the best step but still in the right direction...