Energy = Money? A Proposal For a New Currency Based on Rossi’s E-Cat Technology

As people contemplate the possibilities that a revolutionary energy technology could bring it soon becomes clear that it has the potential to fundamentally change the way we do everything. One of the great promises of an invention like the E-Cat is that it would allow for the decentralization of energy production — every community, or even every home could produce its own power. Once we start thinking along those lines we realize how much the current status quo could by disrupted.

A UK-based organization named Xecnet, whose mission is “is to be enablers of the profound cultural changes which organizations must undergo if they are to continue to exist and indeed prosper” sees E-Cat technology as providing an opportunity for the opening of a whole new world of possibilities for mankind and an improvement of the human condition.

Xecenet has recently published a book, Rossi’s eCat: Free Energy, Free Money, Free People by John Mitchell in which the economic and social implications of the E-Cat are explored. Mitchell believes the invention could herald the beginning of a new era.

Raymond Aitken is close to the board of directors of Xecenet and a friend of John Mitchell. He curates a Scoop.it page dealing with E-Cat economics and following discussions with Mitchell has written an essay which reflects upon how new economic and financial models could spring out of the birth of E-Cat technology. In the essay he writes:

“Once industrial eCats are commercially available, we can imagine the establishment of energy production enterprises on a cooperative basis, serving a local-regional economic area, to serve the energetic needs of a bio-region, in accordance with the human development potential, based on human values and the integrity of the local environment.

The energy production enterprise would also function as a new type of local economic development bank, which would put into circulation an interest-free energy-backed currency to facilitate trade and provide working capital for local enterprises (thereby generating work), as well as the creation of investment finance (equity-based) for the development of new or existing enterprises and maintenance or creation of productive human capital, both social capital
(education and training) and material capital (physical assets and infrastructures) To avoid any conflict of interest, this “bank” would be owned by its users (cooperative legal structure), who would appoint professionals to manage it.”

In the interests of space, and also to preserve the author’s formatting, Raymond Aitken’s complete essay, entitled “Roosevelt, World War 3 and the eCat: a Paradigm Shift Towards the Freedom of Decentralised Responsibility” is available here in PDF format.

If E-Cat technology does indeed emerge as a powerful and cheap energy source we will no doubt start seeing all kinds of proposals on how it can best be integrated into our world, and it seems inevitable that the forces for decentralizing power production and distribution will be very strong — and the social and economic implications could be profound.

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