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Feb. 20, 2025 - The David Knight Show
07:34
Energy-Backed Crypto: Technocracy’s Spin on CBDC
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energy-backed currencies are the key to climbing the kardashiev scale Kardashian, not the Kardashians.
Aligning financial incentives with energy production.
Every cryptocurrency proposes to replace fiat for the same reasons.
To be decentralized.
To be resistant to inflation.
To be outside of central control.
And there's trust.
Built into producing a tamper-proof ledger of transactions.
Yet, the significant cryptocurrencies are all still just fiat.
That's right.
They're fiat.
They're not backed by anything.
So, the reality is that all of these cryptocurrencies that say that they're a hedge against fiat currency really are fiat currency themselves.
There's nothing backing them besides what people think that they're worth.
Backing currency with a commodity, however, means that you have to produce more of that commodity in order to increase the money supply.
This is why we have fiat currencies, because they want to be able to increase the money supply without having to do anything.
They just do it by fiat.
But there's no commodity, they said, that is more critical for economic growth than energy.
So suppose that you want to align the financial incentives of capital profits with the thermodynamics of industrial societies.
What is the way to do that?
You denominate the currency backed by energy.
As I said, this is what the technocracy had proposed in the 1930s.
And it's kind of what Kissinger did 40 years later with the petrodollar, kind of tying those two things together.
And it's what you see a lot of people really talking about with the carbon credits and carbon taxes and things like that, and it is essentially what CBDC is.
They've distracted everybody with all of the noise about, they've gaslighted people with CO2 and methane.
But what that fundamentally is about, CBDC is fundamentally about returning to the roots of the technocracy, the technate, and how they wanted to set up a digital currency that would track everything in terms of energy usage.
I thought this was interesting because I'd never seen the Kardashev scale.
And just as a little aside, this was something that was proposed by a Russian back in 1964. They had a conference where they were looking for extraterrestrial life.
Think about the search for extraterrestrial intelligence SETI that they have blown so much money on.
If they can find something that they think is a repeating signal.
Then that's going to be proof of extraterrestrial intelligence.
But they will disregard the proof of extraterrestrial intelligence that is in our DNA, right?
So, anyway, this is 1964. Nikolai Kardashev, and if I'm pronouncing his name correctly, anyway, this was part of their radio astronomy space listening program.
And in it, they started talking about, well, what do we...
How would we set up these different civilizations and how would we rank them?
He says, well, we could have a type 1 civilization able to access all the energy available on its planet and store it for consumption.
Hypothetically, it should also be able to control natural events such as earthquakes and volcanic eruptions, etc.
That's his idea of a type 1 civilization, which I guess by his...
Reckoning we don't have civilization, right?
Then a Type 2 civilization could directly consume a star's energy and use it through the use of something like a Dyson sphere.
I don't think this is the vacuum cleaner company.
I think this is something else.
But you'd be able to suck in all that energy just like a Dyson vacuum cleaner.
A Type 3 civilization is able to capture all of the energy emitted by its galaxy and every object within it.
Such as every star, black hole, etc.
And so, based on that, he said, well, you know, these people, these crypto people, said, hey, we want to follow this.
We want to move towards a situation where, you know, if we're going to talk about creating wealth, wealth is really created by manufacturing.
And how do you get manufacturing?
You have to have energy.
And this is why, folks, they sent all of our energy with the Paris Treaty.
The Paris Climate Treaty, that's why they sent all of our energy to India and to China.
It was a deliberate move to de-industrialize the West and to make us poor, move us down the Kardashian scale.
A commodity-backed currency requires producing more of that commodity.
So the U.S. dollar used to be backed by gold, and then, you know, before, as people were calling the bluff of the U.S. government that started increasing the money supply without having an increased amount of gold, I didn't know this.
I should have talked to Tony about it.
France actually sent a warship to get their gold that was owed to them by the New York Federal Reserve.
And so that prompted the U.S. to sever the promise to back the U.S. dollar that was redeemable in gold.
And then they come up with something that is, you know, will partially go to energy.
How about that?
Gold is a commodity, but it's not a common factor in production other than industrial processes and the acts of value creation.
Although, as we pointed out the other day, The NVIDIA GPUs do use gold, kind of like solar panels use silver.
So the most critical factor of production across all economic activities is energy, and we've transferred that to China.
We've transferred that to India.
We should incentivize the production of as much energy as possible, direct it toward value-generating activities.
The easiest way is to establish a currency backed by energy.
Now, the easiest way is to just say, you know that Paris Climate Treaty?
We were never in it.
And we're not ever going to be in it.
And we're not going to pay any attention to it.
Unfortunately, I don't see them doing that.
Well, the reason they're putting this in is because they're pointing out that all of these cryptocurrencies are actually using energy.
And so I said, you know, it would make a lot more sense if we were to have a currency.
That was based on energy production rather than on energy consumption, which is really what is effectively happening with the crypto.
And that's another reason why I think they will do some kind of a pivot, again, because that's where Elon Musk is coming from.
I really do think they're going to pivot to that.
That's right, boys and girls.
There's a post-election sale on silver and gold.
Trump euphoria has caused a dip in silver and gold.
It's time to buy some medals with fiat dollars before they come to their sense is.
Go to davidknight.gold to get in touch with the wise wolf himself, Tony Arterburn.
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