Are these the real materials for exchange? They were good inventions in their time. But cryptocurrencies proved that you do not need a central bank for money. In realy what we exchange is enerygy. You work for 9 hours a day to get a salary. What you get is the equivalent of the energy you spent in the company , moreover the contribution you provided. If the task would have been done by a robot we would have talk about its electric consumption , maintanace expenses and its depreciation value. I do not want to pretend that a worker is a kind of robot but just facilitate to understand the meaning of the money got after a working period. A task is done and there is a throughput with a commercial value. In this there are the cost of the raw materials and the labor cost.In reality the labor is a spent energy which can be measured in physics by calories , jules , watt…
Hence what we get against our work is in reality calories, jules or watts . It is time to discuss maybe to exchange energy instead of imaginary piece of papers or figures in a bank account. The real value is the energy you get. And this is something universally constant. It has no inflation causing depreciation. 1 calori will be the same infinitely!
You may think about petroleum prices up an downs. You are right momentarily. Even coal along withare not renewable. Once it is consumed it is finighed. Oil wells are supplying
petroleum or natural gas for certain period of time and quantity. They are not endless resources. Within a century such natural resources will exhaust. This has an exeption the the nuclear power. Uranium , plutonium , thorium alike minerals can not be turned to energy for a long. May take thousands of years to consume them.
By no means this does not put any caveat or cause exemption to our theory, but just a matter of time.
Avram Aji
13.06.2018
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