Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Great diary -it's been a while since one has stimulated so many thoughts.

I suspect that ET'ers are a mobile lot - I know I am - but my two brothers have been pretty happy to find nice places and pretty much stay there.

I think of "Home" and the fact that there are maybe only two places in my life that I have invested enough of myself in to even think of as "Home".

But returning to the central theme - of a finite world - I think of the need to transition to "Homes" built to last, built for Sustainability, built for "Quality" to draw on Pirsig and Veblen.

But the most resonant train of thought to me - since it is the basis of everything I am working on - is to look ahead to the "post Dollar" society.

 There will be flea markets and private barter arrangements to serve these needs, using whatever local token of exchange is available; bundles of $100 bills, bits of gold chain, packs of cigarettes, or what have you.

Bundles of the current "deficit-based" $100 bills may come in handy as kindling, or even wall insulation, but not much else.

The future financial system will be a generic and networked utility barter/ clearing system (configured around Apache-style web-money servers) with inbuilt credit and a "value unit" as a reference point. Banks will be service providers assessing bilateral "trade" credit rather than credit intermediaries/ creators.

Secondly, it lies in investment, giving rise to units I will find valuable in my travels and my sojourns: property rental units, energy units, even beer units. Based upon a capital market where Banks do not risk a penny of capital in creating secured credit but bring together investors with investments of "money" or "money's worth" such as land, goods and services.

There is a brewery in Germany that pays dividends in beer - why should not a brewery simply finance itself by selling part of its future production at today's price, or a discount, thereby creating fungible "beer units"?

Why should not future property rentals be shared as between the land owners, developer and financier in a way that makes it more "profitable" to develop sustainably than to do otherwise, and thereby creating a pool of property rental units available as "currency"?

Both of which are essentially local forms of value.

But since I'll be travelling, I'll be carrying with me a wad of "energy dollars"  in which I have invested much of my savings - accepted everywhere as units in the infinite global pool of renewable energy production and backed by assets producing streams of renewable energy based on solar, tidal and wind and linked where necessary via HVDC "supergrids".

Travelling light, indeed.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Wed Jun 13th, 2007 at 04:53:16 AM EST

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