A self-powered wireless transducer is disclosed for monitoring external physical conditions, such as excessive vibrations in a bearing. The transducer includes an energy conversion source, such as a piezoelectric sensor to sense the external physical condition and create a power and characteristic signal that is used to power an RF transmitting circuit. A transmitter is provided to transmit signals indicative of the external physical condition, or changes in that physical condition, such as increased vibrations in a bearing to detect bearing faults before a breakdown. In this manner, the monitored machinery can be shutdown in an orderly manner and preventative maintenance can be completed. The self-powered wireless transducer includes an voltage storage device to receive electrical voltage from the piezoelectric sensor and a voltage detector to detect the level of voltage on the voltage storage device. Once the voltage detector detects a level of voltage at a predetermined level, an oscillating transmitting circuit is activated for a brief hysteresis period of the voltage detector. The information transmitted not only includes any fault detection, it also includes an address of the origin of the transmission.