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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>>…</span></b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'> <b>On Behalf Of </b>ablainey@aol.com<br><b>>…Subject:</b> Re: [ExI] repercieve the economy [was: Engineering]<o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p><div><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'><o:p> </o:p></span></p></div><div><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'><o:p> </o:p></span></p></div><div><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D'>>…</span><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'>I fully agree Spike, Energy already is money. Switching to an obviously energy related currency will simple avoid the confusion and cyclic references which are already in the system. As you pointed out in the energy to get gold.<br>Its a more honest system and possibly easier to understand by the masses.<o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'><br></span><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D'>Al, your last sentence points out why energy cannot be used as a currency system. If the masses understood currency, it would wipe out an entire industry: currency speculation. It wipes out energy futures speculation too. Speculation would no longer be betting energy and currency against each other as is done now (since those two would be one) but rather would become betting one energy source against another. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D'>This form of speculation could have the unintended consequence of causing actual capital to flow into energy markets instead of parasitically extracting money from those markets. Then new energy sources might be developed, driven by the human drive, our mindless irresistible urge to compete and to gamble. The new capital and resulting new energy sources could actually cause energy prices to fall, which causes all prices to fall, and we just cannot have that. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D'>We are terrified of any form of deflation, TERRIFIED! We saw what happened to the USA when home prices fell a few years ago. In the face of direct evidence to the contrary in all electronics markets, we have reached the stunningly illogical conclusion that under any circumstances anywhere and anywhen, all forms of deflation are bad news, ruinous, worse that the Mayan End Of Time, pray to Saint Keynes to save us.</span><span style='font-size:10.0pt;font-family:"Arial","sans-serif";color:black'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>I counter-propose that we learn to love deflation, encourage competition among energy sources, develop all of them, pick your favorite and pour money into it, and pray instead to Saint Hayek, some win, some lose, but in the end we all win.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>spike <o:p></o:p></span></p></div></div></body></html>