#153. One for the sceptics, Nothing to fear but fear itself the economy as an energy transformation machine. #Nafta #RossPerot #WrongkindofGreen #EnergyEconomic #8thwaytothink #ConquestofDough #ObjectiveKhunts #GrubStreetJournal #OIP #Alexanadria
There is nowhere else to start but at the beginning.
The scientists conclude that further economic damage from a potential bubble burst could be avoided by decarbonising early. “Divestment is a prudential thing to do. We should be carefully looking at where we are investing our money.(1)
(1)ED. This is the key misunderstanding, the whole basis of this analysis should look at Net Energy Surplus over cost of energy extraction, then in a real sense the Sentance , “We should be carefully looking at where we are investing our Energy ( qua, Energy )”, would have money taking the Debt based monetary unit as a referent renders the statement meaningless a per pro-energy capital allocation decisions.
Here is a Graph of World energy use in terms of TerraWatt Hours,
My own analysis and synthesis of the World Debt Money economy and the World Energy
Here is my Working Draft spreadsheet for the synthesis of the Energy Production of the world in kilowatt-hours and the Debt Based world Financial economy based upon local dollar parity currency exchange rate basis from the CIA World Fact Book.
INAPPLICABILITY OF OPPORTUNITY COST EXCEPT AT FULL EMPLOYMENT
2. Starting assumption.In short, in a purely hypothetical situation in which it could be proved that the environmental activists were wrong, there’d be a huge collective sigh of relief, from government, business and the general public alike. Few people, after all, really like change and disruption.
3. Money, then, acts simply as a claim on the products of an economy which, itself, is an energy system.
4.This divides the aggregate of available energy into two streams – the energy which has to be consumed in providing a continuity of energy supply, and the remaining (“surplus”) energy which powers all other economic activity.
Energy is an input that transforms other inputs or fuels other input streams. Those other streams cam me measured in some unit which should not be a variable, Wes Freeberg proposes Quanta in his big apple plan. The current Ruling financial Elite seems to want to base a unit upon Carbon emissions credits. ( See Spash for the shortcomings in this plan.)
5.We are, in short, stuck with monetary adventurism until it reaches its point of termination.
Shubick says this.
”The monetary and financial system of an economy are part of the socio-politico-economic control mechanism used by every state to connect the economy with the polity and society. This neural network provides the administrative means to collect taxes, direct investment, provide public goods, trade. The money measures provide a crude but serviceable basis for the accounting system which in turn, along with the codification of commercial law and financial regulation are the basis for economic evaluation and the measurement of trust and fiduciary responsibility among the economic agents. A central feature of a control mechanism is that it is designed to influence process. Dynamics is its natural domain. Equilibrium is not the prime concern, the ability to control the direction of motion is what counts.
6.The process which links rising ECoE to falling prosperity is illustrated in figs. 2 and 3. In America, prosperity per person turned down when ECoE hit 5.5%, whereas the weaker British economy started to deteriorate at an ECoE of just 3.4%.
Fig. 2 & 3.
World average prosperity per capita has declined only marginally since 2007, essentially because deterioration in the West has been offset by continued progress in the emerging market (EM) economies. This, though, is nearing its point of inflexion, with clear evidence now showing that the Chinese economy, in particular, is in very big trouble.
This is no more or less than a managed process towards a new Feudalism, a race to the bottom where the metric is relative levels of absolute poverty in the precariat. Prosperity is a redundant metric for the new Feudalism in the MMT Green new deal Gulag. The metrics will be utilitarian which will be similar to any metric used in concentration camps or slave colonies for Egyptian pyramid projects. What is the minimal sustenance budget for each economic human labour unit, what is the natural replacement rate and what level of control is required within the Pareto efficient distribution of Human labour unit classification? Think Brave new world and 1984.
7. Hidden behind increasingly desperate (and dangerous) financial manipulation, the world as a whole has been getting poorer since ECoE hit 5.5% in 2007. As more of the EM economies hit the “downturn zone” (ECoEs of 8-10%), the so-far-gradual impoverishment of the average person worldwide can be expected to accelerate.
- Who is your Average person worldwide? With Political Mathematics ( Statistics) it is important to define terms. Who is your constituency, Tim? Who are Agenda 21 and 2030 designed to raise up and at whose expense?
ESCHATOLOGY END TIMES PROPHESY
CALVIN SAID Belloc characterised the Reformation as
´´a rising of the rich against the poor´´,
´and indeed Calvin had written the unfortunate statement:
´´The people must always be kept in poverty in order that they remain obedient´´.
8.This calls for a thoroughgoing review of energy policy, and it seems bizarre that a system which can provide financial support for the banking system cannot do the same for the far more important matter of energy.
A healthy Dose of Bucky Fullmeister is what is needed vis the Production function for modern Industry and Industrial Agriculture also a look back into the concepts of Localism and Subsidiarity.
GFC2, Ephemeralisation, Doing More With Less. Bucky Fullmeister and Circular Economy.
rogerglewis Uncategorized June 7, 2018 9 Minutes
Ross Perot passed away the other day. NAFTA and the new Trade Deal obsession should be added as a lens through which to see the trajectory and direction of motion here, I believe the Words of FDR “We have nothing to fear but fear itself”.