Every price in the economy is ultimately an energy price with various markups and transformations. A car isn’t just steel and plastic , it’s the embodied energy required to extract ore, smelt metal, shape parts, assemble components, and transport the finished product.

This is why energy crises cause economic collapse, and why controlling energy resources gives geopolitical power. It’s also why Bitcoin mining makes so much sense. It’s the most direct conversion of energy into monetary value without political intermediaries.

Most “economists” are still playing with abstract monetary theories while ignoring the thermodynamic reality that underlies everything. Energy flows determine economic flows, period. The countries that control cheap, abundant energy sources ultimately control global economic power. Everything else is just financial engineering on top of that physical reality.​​​​​​​​​​​​​​​​