Is gold precious? How about the feeling of warmth or the satisfaction of knowing that a family is safe and well fed?
When faced with the stress of basic needs of survival, sustenance and emotional happiness what do you value as precious?
I've written in this blog that you can print all the money you want, but you can't print oil. The take away is that energy is so fundamental to human health, happiness and security that a hunk of gold has very little intrinsic value as compared to our environmental attributes.
We should take a step back and contemplate what in our lives have real value, and to understand that potential value and tangible (real) value are elastic concepts that are predicated on the stability of our society. In the face of energy shortfalls, declines and unstable availability we should contemplate the sustainable nature of such a system. What makes sense to me is a rapid transition towards localized, diverse and ecologically sound sustainable strategies. Long commutes to work don't make a lot of sense, millions of people living in densely populated areas, not much sense, investing in hydrogen infrastructures - make sense. Peace and tolerance makes sense... a three day work week makes sense too. But let us not forget that people are precious too.
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