ngogerty@thoughtfulcapital.com
jzitoli@thoughtfulcapital.com
1. Technology & Applied Information
2. Energy Density
3. Political and Economic Policies
% of Countries in default or restructuring 1800-2009
Source: U.S. Energy Administration and World Gold Council
Power Purchase Agreements (PPA):
Two party contract: A generator of electricity for the purpose of sale (the
seller) and one purchaser of electricity (the buyer or off-taker).
DeKo central bank purchases electricity from power generators at long term
fixed prices and sells electricity to off-takers at market prices.
Certainty of claim relates to future realizable value
Utility is Social and Economic value creation potential
Assets
Foreign
Exchang
Electricity
e
SecuritiesLoans Gold Delivery
Reserve
PPAs
s
DeKo Proposal
Liabilities
Issued
Government
Bank
Currency
Deposits
Deposits
Paraguay100.00
Lesotho 100.00
Iceland 100.00
Albania 100.00
Tajikistan 100.00
Bhutan 99.97
Mozambique 99.92
Zambia 99.71
Nepal 99.67
Dem. Rep. Congo 99.42
Burundi 99.04
Norway 96.63
Angola 96.45
Belize 94.88
Kyrgyzstan 93.30
Costa Rica 93.15
Laos 92.46
Brazil 88.88
Ethiopia 88.18
Malawi 86.58
Colombia 85.66
Georgia
85.50
Republic of the Congo 82.08
Central African Rep. 81.25
Cameroon 77.29
New Zealand 76.73
Ghana 75.09
Uganda
74.95
Namibia
70.82
Austria 70.02
Venezuela 69.57
Fiji 68.04
Madagascar 66.82
Canada
64.23
Ecuador 64.12
Panama 63.29
Source: http://www.eia.gov/cfapps/ipdbproject/IEDIndex3.cfm?tid=2&pid=2&aid=12
Source: http://www.iea.org/weo/
http://energy.aol.com/2011/09/20/global-energy-outlook-puts-china-and-india-at-the-fore/
Source: http://www.eia.gov/forecasts/aeo/pdf/0383(2012).pdf