Watched the excellent YouTube series on money as debt again this morning. Was thinking about the proposal towards the end to replace the fractional reserve banking system with permanent currency based on value and harnessing renewable energy.
I think it's a great idea, and it got me to thinking about thin film solar. I'm very hopeful and optimistic for our future with the emergence of such energy sources. It would be great if existing home owners would invest in similar technologies en mass to increase demand and in so doing reduce the price.
One problem though is a lack of incentive - energy bills really aren't a major part of the cost of living in a country like Australia, it's just not very expensive compared to consumables, transportation, and more importantly home ownership itself which can only be achieved for most through a life-long commitment to a mortgage. The last thing home owners who are free of their mortgage payments will want to do is spend another $10,000 or so on their home for very little perceptible return.
It will more likely be corporations who have large energy bills that will invest heavily in alternative energy sources, such as the Googleplex, the roof of which is reassuringly plastered with solar panels that produce 30% of their energy.
Right now, I'm really not interested in committing our family to filling the role of turning a half-million dollar debt into six or seven hundred thousand dollars worth of interest so the banking cartels can continue to repress renewable energy and perpetuate rising debt through military spending on incessant, needless wars.
How about you? Waist-deep in a mortgage, burning cash on rent like myself, living in a hippy commune? What can we do to ensure freedom for our children of the future?