sink those teeth into the ground!

Originally, the value of currencies was based on certain commodities, like gold. After the invention of the fiat system, the value of currencies were pegged to the value of the US dollar, which drew its value from oil. This current development, a response to the global economic and energy crisis, is a move away from the fiat system, to a new system of currency - and whatever its value is de jure pegged to, it will be, de facto, pegged to the cost of energy itself, rather than a specific energy-producing commodity.

There is, in fact, already a type of currency which derives its value directly from the cost of energy. A type of currency whose creation is not driven solely by central banks - and thus not vulnerable to the sorts of economic issues currently arising, as the global political fracture splits the finance market down the middle - but driven by the usage and availability of energy. One that is, already, entirely digital. Cryptocurrency. In fact, the executive order instructing research into the creation of a ‘digital dollar’ is a report, principally, on cryptocurrency. Crypto stocks have skyrocketed.

May god have mercy on our fucking souls, we’re moving from the petrodollar to one orders of magnitude worse for the environment. The report from investment strategy firm Credit Suisse had, even before this executive order, perhaps put it best:

Amazing, that the west that accused China of ‘vaccine diplomacy’ for… donating vaccines to poor countries, is the same one doing this. Honestly, sickening.