Specifically, oil that is found only under United States territory. Oil is a finite, strategic resource, that is dwindling due to economic necessity and usage. By pegging the dollar directly to oil, instead of it being fiat-based, it would be a direct analogue that would have been backed by gold pre-1971. By having a resource that will become more scarce, the oil-backed dollar will deflate, and therefore will gain value, and will eventually pay off the national debt. By doing so, will also cause massive decrease on taxation across the board. If the Federal Reserve System is somehow abolished, I say the pegging the dollar directly to our own oil supply will be the only way forward. But of course, Jews and (((economists))) will not be too happy about that...

>>510238285
Redpill me on that

>>510236934 (OP)
The USD is currently pegged to the US military, which consists of various metals and oil based products in the form of hardware.

After a long, long discussion with ChatGPT with going into far more detail about my proposed system, it created a chart.

It keeps saying that my proposal for a literal oil-backed dollar that has failsafes (such as government legal sense to destroy or quarantine and decommission currency already in place) to prevent economic instability is far superior to the rest.

>>510236934 (OP)
you fail at oil having the required characteristics to be a currency
oil has other uses than being money, it's to produce energy, so the two functions will compete each other and none will be fulfilled
this system will be no better than bartering with grain, as slaves were forced to do at the begining of civilization

>>510239419
You're forgetting that oil isn't LITERALLY currency. It would be exactly how the gold standard was. It would be directly pegged to oil, not literally trading in oil.

>>510236934 (OP)
What about replacing oil and gold with indians huh?

>>510239544
Okay then Pajeet. You come up with a poop based curryency. Let's hear it!

>>510238757
All trade is actually backed (insured) by military force since it first began. This can be understood intuitively by where gold derives its value other than the most intrinsic use of this metal. What is the value of your gold if anyone can take it? zero. So the state insures the safety of private ownership in order to extract a fee for your protection. The fee you pay for this protection (tax) is a symbol of that reciprocal relationship with your protection. So for example if that fee was very high like 90%, this represents what you are actually allowed to own privately.

Your currency wether it is gold or paper, is always redeemable for energy wether it be fuel or human labor. So an ounce of gold always represents the amount of energy it costs to extract and process into a tradable product. The moment we began using oil for our primary source of energy it was inevitable that this would become what we use to measure value. It was no longer possible to use gold because oil is an natural resource that that functions more like an open ended subsidy being continuously extracted from the ground. So the bank prints debt based upon the expectation that this will all be redeemed in the future by energy they expect to extract from the ground

>>510238757
>All trade is actually backed (insured) by military force since it first began. This can be understood intuitively by where gold derives its value other than the most intrinsic use of this metal. What is the value of your gold if anyone can take it? zero. So the state insures the safety of private ownership in order to extract a fee for your protection. The fee you pay for this protection (tax) is a symbol of that reciprocal relationship with your protection. So for example if that fee was very high like 90%, this represents what you are actually allowed to own privately.
>Your currency wether it is gold or paper, is always redeemable for energy wether it be fuel or human labor. So an ounce of gold always represents the amount of energy it costs to extract and process into a tradable product. The moment we began using oil for our primary source of energy it was inevitable that this would become what we use to measure value. It was no longer possible to use gold because oil is an natural resource that that functions more like an open ended subsidy being continuously extracted from the ground. So the bank prints debt based upon the expectation that this will all be redeemed in the future by energy they expect to extract from the ground.

>>510239469
if you use the oil to produce work, do you gain or lose money?
if oil has both functions, energy and measurement of the value of money, so the answer is impossible to determine

>You're forgetting that oil isn't LITERALLY currency. It would be exactly how the gold standard was.
that only means it would open new forms of monetary speculation, which will concentrate wealth in the hands of the (((usual suspects))) without having any advantage over any other system, and gaining all the inconvenients of mere archaic barter, except at the speed and technical advantage of wall-street jews on the internet
>It would be directly pegged to oil, not literally trading in oil.
but by definition, trading in oil would be exactly like trading in dollars, so it wouldn't be possible to forbid it and prevent it from being a trade

https://inomics.com/terms/characteristics-of-money-1545438
oil fails at durability, portability, and some uniformity because it can be altered by refining
and if moner is supposed to represent a certain amount of work, would those who produce hydrocarbons by altering vegetal products be considered falsifying money by those who pump it out of the ground?

>>510240121
>>510240168

That sounds like complicated Jewish bullshit (which it is).

My plan is simple, and effective. I like simple. I like effective more.

>>510238757
All trade is actually backed (insured) by military force since it first began. This can be understood intuitively by where gold derives its value other than the most intrinsic use of this metal. What is the value of your gold if anyone can take it? zero. So the state insures the safety of private ownership in order to extract a fee for your protection. The fee you pay for this protection (tax) is a symbol of that reciprocal relationship with your protection. So for example if that fee was very high like 90%, this represents what you are actually allowed to own privately.

Your currency wether it is gold or paper, is always redeemable for energy wether it be fuel or human labor. So an ounce of gold always represents the amount of energy it costs to extract and process into a tradable product. The moment we began using oil for our primary source of energy it was inevitable that this would become what we use to measure value. It was no longer possible to use gold because oil is an natural resource that that functions more like an open ended subsidy being continuously extracted from the ground. So the bank prints debt based upon the expectation that this will all be redeemed in the future by energy they expect to extract from the ground

>>510240206
When I say "oil" I mean fossil fuels. Not vegetable oils. Hell, this would be pegged to all oil, even if exported, forcing other nations to be dependent on us.

>>510240291
As I said, that sounds like complicated Jewish bullshit. My plan instead is simple, to the point where a total idiot like me proposed it. And unlike Keneysian crap like that, my proposal may very well be functional.

>>510238757
>Redpill me on that
look, I know its not appealing or popular or something you saw in a gay hollywood movie but its true. You are just an energy consoomer. Even though you input energy to obtain hydrocarbon resources, the value of its potential does not match your input. This is what Adam Smith call "prodigal consumption". Oil is not capital because you didn't make it. You just found it in the ground and it comes out of your oil faucet. The demand to extract that energy requires you to immerse yourself in the stupid end products of industrial society that denies you life and requires you to exhaust yourself in futile efforts. Everything that you desire can be quantified by the ability to construct right angles in nature with energy you never had to make, and thus anything that threatens this is swiftly annihilated and conformed to its consumption habits. Yeah I mean the point here is that you didn't make that energy. You just found it. You are more like monkeys in a feeding frenzy who found a pile of bananas, and this is the best description of a leftists. You see, when you have to actually make your energy you can't live like a bimbo faggot. The faggotry is too expensive for energy producers.

The reason why you can't do cool things like nuclear energy is because nuclear energy is more like an energy machine or energy actuator. It is fixed capital. It does not compare at all to the hydrocarbons that are just there in the ground that you harvest from your oil faucet. But even if you had a box full of infinite energy you would still have to use that to make hydrocarbons. So as it turns out, you already have free energy. It doesn't get any better than hydrocarbons. It is this very fact that you did not have to make these hydrocarbons, that they just exist there for you and its free to obtain, is why you have all the problem that you have.

Bitcoin solves this.

>>510240474
Why demand to "make" something when it can be extracted? If it's in our dirt, it's ours. Also, oil is used in absolutely everything, and is extracted at mass numbers to be used. Therefore, depletion, and therefore deflation.

>>510240555
>If it's in our dirt, it's ours
you don't actually own it or control it and that is the actual problem.

>>510240807
https://youtu.be/RQMMOEt-8mQ

>>510240314
>When I say "oil" I mean fossil fuels. Not vegetable oils.
and when you can alter vegetable oils to be chemically indistinguishable from fossil fuels, what then?
is it real oil or fake oil? and if it's chemically exactly the same molecules, how much is the fake one worth?

your scheme fails at the most basic definition of money

>>510236934 (OP)
>It is time we demand to move to the dollar being backed by oil
Assuming you are talking about the debt problem.
a) Inflation is actually oil well depletion. The need for low interest rates and debt based spending is mostly funneled into the cost of extracting more oil from the ground. in 50 yerars this ration has gone from 5:1 to 12:1 and in 20 years it will be 5:1
b) If you are wondering why your government spends money on useless shit, it is because you have no control over energy production. You basically have no sovereignty because you choose not to control who gets to use your natural resources.

>>510240223
>My plan is simple, and effective. I like simple. I like effective more
no its not. You can fix everything if you just turned off the oil, or refuse energy to people who make useless shit.

>>510239419
>>510240206
This
OP, listen to Luke Gromen summarize what this anon is talking about with Tuck. Pay attention to what he says about stock to flow ratio.
I queued it up for you here bro, watch it for about 3 minutes:
https://youtu.be/fxWZO0FEQ1g?t=154
>Gold is hands down the most money like commodity there is

>>510242944
I just want self-destructive un-money, which oil would be under my proposal. But to pull this off, debt would need to be defined as actual purchasing power, rather than raw monetary value.

>>510243109
>I just want self-destructive un-money,
but fucking WHY?

>>510243479
To deflate it. But only after we change the definition of "debt" to keep ourselves from inflating it to "fix" it.

>>510243643
>To deflate it
so, to solve a problem caused by DEBT, you impose a solution that won't touch it but create a new problem causing POVERTY?

are you a liberal zoomer high-school-educated on the common core, by any chance?

>>510243780
nah, sorry, I misjudged
>>510243643
>But only after we change the definition of "debt" to keep ourselves from inflating it to "fix" it.
you want to change the definition of words that are used to describe real phenomenons and pretent this changed the reality that the words described

you are unfathomably stupider than a high-school graduate, you are at least majoring in social sciences from a liberal college

>>510243780
>Muh increasing the value of the dollar increases poverty

>>510239544
>What about replacing oil and gold with indians huh?
Unlike you, I like money and success.