The Perfect Currency website is dedicated to the creation of a currency standard which will provide both a stable base for commercial transactions and a monetary system which will fully illuminate the processes of human and environmental real wealth creation.
The worlds current monetary system is based on a large number of "fiat" (values set by government) currencies, whose values fluctuate widely over time and are not linked concretely to the real wealth creation process.
A current illustration of the deficiencies of the fiat currency model is the Bitcoin which embodies all of the failings of traditional fiat currencies plus the weaknesses of local currencies and accountability of the internet. So ephemeral is the Bitcoin that no one knows who invented or controls it.
Bitcoin was established by a group, bought into by early adopters, exploited by speculators. Ultimately, Bitcoin "banks" will fail. ie they can't meet their obligations. The Bitcom price history chart illustrates its value to speculators but clearly shows its failure as a legitimate currency.
Stable and progressive societies need a stable financial system to allow the real productive sectors of the economy to perform well and to distribute incomes in an egalitarian manner. Going forward, humanity needs to have a better grasp of its real options in addressing energy and resource scarcity and rising costs.
Money was developed to facilitate the trade of disparate real goods across distance where direct exchange of goods was impractical. But money in its current form has many shortcomings in representing the full real wealth creation process and assets especially over time.
Environmentalists and all those dealing with the physical world measure in real physical units, not monetary units. They have waited patiently for the commercial economics sector to develop monetary measurements which will capture the stocks and flows of environmental processes and non-renewable resource assets.
Without such common measurements, no broad based and unified initiatives on our planets many environmental challenges can easily take place. On the industrial and trade side, of the wealth creation process a stable monetary system is critical to planning and investment.
Adoption of a stable, real currency will not be market driven by the institutions which profit from instability, it will be driven by those responsible for social policy. Only the scientific community and those responsible for international finance can provide a stable monetary metric which will adequately represent both human and natural productive processes.
And there is only one base that can provide the scale, resolution, worldwide coverage and timelessness for that advanced currency: energy.
