Economic Collapse 2011, Fukushima Response will destabilize monetary system.

In the midst of net energy decline and forced complexity reduction, the politicians promise increased net energy decline and more complexity. The monetary system will reveal the absurdity.

Category:

News & Politics

Tags:

• Economic Collapse
• Fukushima
• Nuclear power

[hitssquad]

8:37 "The nuclear industry is already relatively-low eroei by most people's estimation"

You're calling eroei's on the order of 500:1 "relatively-low"?: nuclearinfo. net/Nuclearpower/UraniuamDistr­ibution "The Rossing mine in Namibia mines Uranium at an Ore concentration of 300 ppm at an energy cost 500 times less than the energy it delivers with current thermal-spectrum reactors."

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What would you call "relatively-high" then? A million to one? A billion to one?

[hitssquad]

@bigcollapso "you have now reached the point of this video."

Why are you dodging the questions?: "You're calling eroei's on the order of 500:1 "relatively-low"? [...] What would you call "relatively-high" then? A million to one? A billion to one?"

[bigcollapso]

@PeterTroutman he issuance of what.. money? And our entire "supply" of money does not earn interest. Is that your assumption?

Yes, it is not an assumption, it is fact.

[timelesstruths]

I like the good old dam and then there is coal and well because there is so much we limit it.

[PeterTroutman]

@bigcollapso The issuance of what.. money? And our entire "supply" of money does not earn interest. Is that your assumption?

[bigcollapso]

@PeterTroutman You are missing the most basic point. THE ISSUANCE. Think issuance and the interest function. You are focusing on post issuance.

[PeterTroutman]

@bigcollapso You are only thinking about money from an abstract and incorrect mathematical position.Debt is a promise to repay in the standard money. Money is best thought of as a commodity, as it used to be for most of time, and probably will be again (or equal to by convertibility). I can't mandate that anything you have is of higher value. Neither can the government, or anyone. Money facilitates trade. It is an instrument of exchange, not time. I can cite many examples. Can you?

[bigcollapso]

@PeterTroutman Our money is lent into existence. Only the principle is created, not the interest. The interest compounds with time meaning that new debt must be created to service the interest as a function of time. This has many implications. Debt is always greater than money, etc. (Currently about 5*) and the situation gets worse each hour. So the monetary system is a simple exponential function of time.

[PeterTroutman]

@bigcollapso Nothing you said makes sense. How is the monetary system exponential? Money is something with value which takes least discount in all trade. It is a standard of value and medium of exchange. Without money there is barter. And a sustainable energy system is possible. It is population growth that is unsustainable.

[bigcollapso]

@PeterTroutman Very True. The technical world creates the goods and services that the government assigns its tokens to. But the monetary system is exponential, and the energy supply is creeping towards "Heat Death". These two systems are completely incompatible.

[PeterTroutman]

You see the physical world. I am a very rare expert on money. Literally, one of the few in the world that fully understands it. It took me 4 years of deep study to see the simplicity. Money is in fact linked to the physical world, and a government can't give anything value by fiat. The link between production and money value lies in the fact that the currency may be convertible into a commodity in the future, due to the government ability to tax and form the redemption reserve. 500 char limit =/

[valhala56]

@bigcollapso Just watched a ABC news vid on Peak Oil that I got off CollapseNet. They said the IEA figures were wrong, the IEA was overstimating Oil in the ground and not yet produced. This was proven by some Swedish Physicists in the Vid.

But hey I am open to any new possibilities that people say are happening in the US. I just hear a lot about Natural Gas Fracking which is an extreme method to get NG but hey if it cause some people to have fire coming out of their faucets, well deal with it.