The unit of account in a Fiat money system is an arbitrary unit basing a unit of account upon an SI Unit of energy makes a great deal of sense if you do not wish to be robbed of your skin in the game by the money laundering Banksters- Sadly the Author of this piece has gone off at half-cock failing to define terms and set boundary conditions. Watch Glassmans talk and slide show and try again- https://www.bitchute.com/video/dv8avoovsHqr/
In Part One of this series, we looked at Peak Oil and its irrelevance to energy production and also discussed the relevance of Seinfeld. In Part Deux, we looked at “abiotic oil,” a real(ish) thing that really doesn’t matter outside of academic discussions and SyFy blogs.
Part Trois will explore perhaps the most meaningless notion to ever come out of academia: Energy Returned On Energy Invested (EROEI or EROI depending on spelling skill). EROEI is like what Seinfeld would have been if it was written by Douglas Adams.
EROEI is the preferred energy metric for Malthusians, environmental activists, Warmunists and proponents of uneconomic energy sources. Invention of this concept is generally credited to an ecology professor…
Clowns to the left of me Jokers to the Right. Useful idiots for usury everywhere. Watts up With That #LimitstoNouse https://notthegrubstreetjournal.com/2019/04/25/clowns-to-the-left-of-me-jokers-to-the-right-useful-idiots-for-usury-everywhere-watts-up-with-that-limitstonouse/ The Author lets us all down that insist that empirical evidence must be respected in The Debate about climate. Economics and Political Economy are imprecise pseudo scientific priesthoods every bit as manufactured and absurd as Micheal Mann and his desperado band of cultist cool-aid hawkers. Steelers Wheel sums it up really. QUite one of the worse articles I have read here. https://www.youtube.com/watch?v=ofs_GyQXJ9k