Not The Grub Street Journal

Exegesis Hermeneutics Flux Capacitor of Truthiness



via #153. One for the sceptics

#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




Hi Tim,
Rather depressing reading in the comments if that sort of thing gets you down.
SEEDS is a part of the solution to the current problem. I personally think, as you know, that Seeds needs to be coupled with an embodied energy index that will then translate to an empirically falsifiable value scale for the pricing of monetary exchanges.

Heisenberg, Gödel, and Chomsky walk into a bar

Heisenberg looks around the bar and says, “Because there are three of us and because this is a bar, it must be a joke. But the question remains, is it funny or not?”

And Gödel thinks for a moment and says, “Well, because we’re inside the joke, we can’t tell whether it is funny. We’d have to be outside looking at it.”

And Chomsky looks at both of them and says, “Of course it’s funny. You’re just telling it wrong.”


#153. One for the sceptics

1.oil, gas and coal remained, as they are now, the source of fourth-fifths of the energy that we consume.

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 the Final Draft Spreadsheet available to download. ( Work In Progress)
Go to Sheet 3.


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.


Fossil Fuels

Fossil fuels (coal, oil, gas) have, and continue to, play a dominant role in global energy systems. Fossil energy was a fundamental driver of the Industrial Revolution and the technological, social, economic and development progress which has followed. Energy has played a strongly positive role in global change.


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.

Money is the nothing you get for something before you can get anything Soddy.


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.

The process can be seen as not letting a good crisis go to waste or a planned centralisation of economic forces in accordance with UN Agenda 21 and 2030, or the Brandt report.

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.

EcoE & prosp US UK

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.

  1. 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?



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

#128: GFC II



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”.

July 15, 2019

Hi Tim, Rather depressing reading in the comments if that sort of thing gets you down. SEEDS is a part of the solution to the current problem. I personally think, as you know, that Seeds needs to be coupled with an embodied energy index that will then translate to an empirically falsifiable value scale for …

Continue reading!   It’s Coming up to the 100th anniversary of Emile Zola fleeing his persecution for Defending Dreyfuss from False imprisonment by the French State It seems Somehow relevant to the Current Pack of Sophists in the Mainstream Media, The Anti Semitism Bed wetting and general all-round Debauchery in our Civil Society, In the Uk …

Continue reading

via Who is right, Sandy or me?

Why “Incremental Change” Is Worse Than No Change At All

Another reason why the so-called “centrists” pose such a grave threat to our world is because their platform of slow, moderate, incremental change is actually worse than no change at all.

Why “Incremental Change” Is Worse Than No Change At All

I would argue with your premise on the basis that it is predicated on a Change to something Else which, it is assumed will provide an improvement. Unless of course, you are saying a change to something far worse, is better than no change at all.

By Calling the Neo-Liberal Washington Consensus view, ( Centrist). I think you do another disservice to the required level of political consciousness-raising required to get the ( Excluded Middle, Silent Majority, Precariat) to move to action through the Ballot box from the local level up.

Chesterton’s fence is the principle that reforms should not be made until the reasoning behind the existing state of affairs is understood. The quotation is from G. K. Chesterton’s 1929 book The Thing, in the chapter entitled “The Drift from Domesticity”:

Chestertons fence

In the matter of reforming things, as distinct from deforming them, there is one plain and simple principle; a principle which will probably be called a paradox. There exists in such a case a certain institution or law; let us say, for the sake of simplicity, a fence or gate erected across a road. The more modern type of reformer goes gaily up to it and says, “I don’t see the use of this; let us clear it away.” To which the more intelligent type of reformer will do well to answer: “If you don’t see the use of it, I certainly won’t let you clear it away. Go away and think. Then, when you can come back and tell me that you do see the use of it, I may allow you to destroy it.”[1]

Chesterton’s admonition should first be understood within his own historical context, as a response to certain socialists and reformers of his time (e.g. George Bernard Shaw).

As usual, you make a large assumption regarding “The Settled Science” this is an issue for Environmentalists such as myself, and # WrongKindofGreen, in that the envisioned something else in the Green New Deal and Modern Monetary Theory is Authoritarian Command and Control Based. In yesterday article you put it this way.

Clive Lord is a founder member and current Member of the Green Party of England and Wales, Two recent blog posts of Clives deserve attention on this point.

07/07/2019 · by Clive Lord

An Open Letter to George Monbiot

I listened to the founder members explaining the MIT report Limits to Growth. The gist was that although economic growth had given us the modern world, it had to stop, before it trashed the ecosphere. I agreed with every word.

But I had a discussion with one of the founders before I left, which went as follows:

Me: You are proposing a recession, possibly deep, and possibly long term. Recessions produce hardship. What if people riot because of shortages?

Founder Member: We shall call it a steady-state economy. But if necessary, Martial Law. You have just come 100 miles to agree with us, right? So do you agree that if we have to shoot a few people in the street to get through the transition, that will be rather less nasty than what will happen if we do nothing? If you have a better idea, you had better come up with it fast.

and this one just yesterday.

Who is right, Sandy or me?
14/07/2019 · by Clive Lord · Bookmark the permalink. ·
Sandy Irvine tells me I am wrong, and he is one of a chorus who cannot see how the universal basic income (UBI) could have forestalled ecological meltdown, and even now could ameliorate the worst effects. Why pick on Sandy? he is the only one who takes me seriously enough to ask me to shut up.

I do have some support – thank you Roger Lewis – but none from anyone with a media presence. I have a narrative, which to my unusual brain remains sound, and questions which Sandy has not answered to my satisfaction.

This has suddenly become urgent, as next Tuesday (I write on Sunday) I shall try to convince a Citizens’ Assembly of the case for the UBI, as part of an XR action in central Leeds. Do I have a crucial insight, or am I suffering from a psychotic delusion?

Mainstream “Centrists” Pose The Greatest Ideological Threat To Us All

“A movement towards true health will look like everyone waking up to the reality that we’re all being driven toward extinction via climate collapse or nuclear war by a ruling class who used propaganda to trick us into thinking that its suicidal trajectory was the moderate path. Obviously, when we create our new model we won’t all agree with each other about the best direction to take it, but we’ve got to overhaul the old one first.”
“Extinction via Climate Collapse “, This Statement is much weaker this one “Or Nuclear War” The New Cold War which is uncomfortably close to the perpetual war in 1984 described by Orwell in 1984, between, Oceania, Eurasia and East Asia.

SO Caitlan I say this to Both You and My friend, Clive Lord.
You are both right and both wrong depending on your Starting assumptions its a question of double hermeneutics.

Reblogging as Comment at CLive Lords Blog, My Comments have mixed success in clearing moderation or the WWW- Spam-realargumentation Filters.


July 15, 2019

  “Next plung’d a feeble, but a desp’rate pack, With each a sickly brother at his back: Sons of a Day! just buoyant on the flood, Then number’d with the puppies in the mud. Ask ye their names? I could as soon disclose The names of these blind puppies as of those.” (B 305–310) “Yet, …

Continue reading

  Why “Incremental Change” Is Worse Than No Change At All Another reason why the so-called “centrists” pose such a grave threat to our world is because their platform of slow, moderate, incremental change is actually worse than no change at all. I would argue with your premise on the basis that it is …

Continue reading

%d bloggers like this: