Reposted from Twitter

The world's monetary system is extremely important in terms of how resources are shared. Money simply converts the earth's potential energy into a form that can be traded. Every form of money represents a requirement for energy. If you control the monetary system, you control energy. If you control energy, you control the course of human civilization.

The Western financial system supports the U.S. dollar, the world's reserve currency. Most of the world's energy and commodity trade is denominated in U.S. dollars. This means Pax Americana can print energy at will. Clearly, if they abuse this privilege, a new monetary and financial system will emerge to challenge the corrupt old system. Think of Bitcoin and cryptocurrencies as a natural response to the profligacy of the U.S. dollar-based Western financial system.