The Federal Reserve Bank of the United States was founded in 1913 andmonetary system is based on a debt based currency. The Federal Reserve Booklet, "The Mechanics of Money" states: Money, like anything else, derives its value from its scarcity in relation to its usefulness. Commodities or services
are more or less valuable because there are more or less of them relative to the amounts people want. Money's usefulness is its unique ability to command other goods and services and to permit a holder to be constantly ready to do so. Energy could be used as an alternative form of universal currency, however Control of the quantity of money is essential if its value is to be kept stable. Money's real value can be measured only in terms of what it will buy. Therefore, its value varies inversely with the general level of prices. Assuming a constant rate of use, if the volume of money grows more rapidly than the rate at which the output of real goods and services increases, prices will rise. This will happen be cause there will be more money than there will be goods and services to spend it on at prevailing prices. But if, on the other hand, growth in the supply of money does not keep pace with the economy's current production, then prices will fall, the nation's labor force, factories, and other production facilities will not be fully employed, or both. Developing an industry that produces of a fleet of benign and sustainable energy production facilities that operate in international waters and generate anhydrous ammonia as the energy delivery resource has several fundamental unique attributes that differentiate it from conventional energy projects, such as an oil well, a coal mine, or a power plant that are hooked to a national grid. |
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