Truth in intensive care. Eye See You. #ICU Busted Flushes and thread bare narratives . WMD’s to IOU’s #TheGreatBailin #OilBlackGold #InducedComa of a New Oil Shock #Bilderberg #OlofPalme

Discrimination on the basis of vaccination status (is inherently wrong)

The first video is filmed in 2009 before the 2010 Election in the UK.

The Second Video covers the period leading up to the interventions in Syria and the vote in UK Parliament 2013.

Finally the minutes of the Bilderberg Meeting in Sweden back in 1973.

Sweden Switches Sides ( Dagen H (H day) #Swexit #PeakOil, Geo-Politics and False Narratives.

#Wasssupppp Putting it all together, Energy, Debt, War, Sanctions, Elitism, Money Money Money. #Trump #Hall #EROI #EmboddiedEnergy #CircularEconomy

President Trumps Remarks to the New York Economics Club Yesterday. A look back to his pre-election Speech at the same venue. “It’s The Money Power Stupid, The Gnomes of Zurich, it was ever thus! “Ceterum censeo Carthaginem esse delendam, nihil sub sole novum”. #4Pamphleteers @GrubStreetJorno @Survation @wiki_ballot @financialeyes @DavidGolemXIV #MAGA

Its The Geo-Politics, not the Economy Stupid.

Tides of the Dollar Moon (A Poem)

Ephors of debt above and astride the law.
No silvery moon complementary to the Golden Orb.
There are no tides by means of which the common man
may be fed. Hard food of Midas alone- Starvation.

My Hypothesis.

In 1973/74 End of Gold Standard.

The Nixon shock was a series of economic measures undertaken by United States President Richard Nixon in 1971, in response to increasing inflation, the most significant of which were wage and price freezes, surcharges on imports, and the unilateral cancellation of the direct international convertibility of the United States dollar to gold.[1]

Although Nixon’s actions did not formally abolish the existing Bretton Woods system of international financial exchange, the suspension of one of its key components effectively rendered the Bretton Woods system inoperative.[2] While Nixon publicly stated his intention to resume direct convertibility of the dollar after reforms to the Bretton Woods system had been implemented, all attempts at reform proved unsuccessful. By 1973, the Bretton Woods system was replaced de facto by the current regime based on freely floating fiat currencies.[3]

The Gold Standard was replaced by a Defacto


The PetroDollar Standard, with Saudi oil production being a swing producer to facilitate inflation of the currency.
In January 2005, Saudi Arabia increased its number of operating rig count by 144%, to increase oilproduction by only 6.5%. This suggests that the market swing producer (as Saudi Arabia was seen) wasnot able increase production enough to meet increasing demand.

Plateau Oil. A variation on the idea of peak oil. AT Plateaux production no swing capacity in Oil Supply is similar to demonetizing Silver giving a defacto PetroDollar Standard which is inherently deflationary.

QED, Welcome to the new Oil Shock.


Author: rogerglewis Looking for a Job either in Sweden or UK. Freelance, startups, will turń my hand to anything.

33 thoughts on “Truth in intensive care. Eye See You. #ICU Busted Flushes and thread bare narratives . WMD’s to IOU’s #TheGreatBailin #OilBlackGold #InducedComa of a New Oil Shock #Bilderberg #OlofPalme


    Russia and Saudi Arabia as they are energy-abundant countries (Warner

    and Jones, 2017). However, their remarkable indirect energy imports in

    final trade make this issue noteworthy, because any obstacle to the final

    imports can impact the daily life of local resident immediately.

    Therefore, the scale of non-energy goods import and the structure of

    final goods import should arouse the attention of local governments. In

    addition, mainland China is a net importer in intermediate trade but a

    net exporter in final trade, acting just as a factory absorbing inter-

    mediate goods and producing final goods. Japan’s energy trade im-

    balance is mainly caused by intermediate trade while final trade con-

    tributes the most to the United States’trade imbalance. Therefore,

    intermediate and final trade should be regarded as the focus,respectively, in the trade structure adjustment for Japan and for the

    United States, in order to address the trade imbalance issue.

    As the size of a region’s economy has been greatly decoupled from

    its direct energy use for production or consumption, this embodiment

    analysis adds to the growing literature showing the importance of

    considering indirect effects in the pursuit of global energy conservation

    and carbon reduction.

    Inside the new economic science of capitalism’s slow-burn energy collapse
    And why the struggle for a new economic paradigm is about to get real
    By Nafeez Ahmed
    A comment on Nafeez Ahmed’s excellent column on EROI energy Economics. It noticeably defines the problem with no consideration of the myriad Solutions already extant. I think that the Discussion Threads Offered in my Blog of 29th August Marry well with The Good Doctors Prose.
    Dominic Pukallus
    Time to resurrect Bucky Fuller?
    Absolutely, Time to do more with less and recognise the futility of using Debt Based Money as a Meausre of Economic Utility.
    This is a Blog of a conversation between, AGW Climate Change Skeptics, Proponents of Renewable Energy, Cornucopians and Dystopian Misanthropes.
    Solutions are at hand, Political Will is lacking as Vested interests seek desperately for a convincing Myth to continue the bondage of most of humanity.
    All Interesting Questions one I would like an answer to is can Capitalism Exist without Debt?
    To Wit Martin Shubik.
    ‘’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.
    Money and financial institutions provide the command and control system of a modern society. The study of the mechanism, how they are formed, how they are controlled and manipulated and how their influence is measured in terms of social, political, and economic purpose pose questions not in pure economics, not even in a narrow political economy, but in the broad compass of a political economy set in the context of society. ‘’
    Martin Shubik


    Nafeez Ahmed does not, in my opinion, do the report justice, he does link to the original document though.
    The report is 500 pages long but not text dense and an easy read and very good reference source, due to fantastic graphics of all of the data sets it analyses. The Report is very strong on the geopolitical and petrodollar aspects of the question and does not major on EROI although it does a good job of introducing the concept.
    The report hints at Circular economy but does not go deeply into it, Embodied Energy concepts are absent and the difficulty of applying the Energy insights to an economy historically modelled in Financial metrics is quite apparent, I do not think the report successfully separates the two things out although it does highlight the apples and oranges comparison problem.

  4. Energy Returned on Energy Invested, Surplus Energy Economics DataBase ( SEEDS) Embodied Energy Circular Economy. #GrubStreetJournal #GrubStreetScience #GrubStreetEnergy #TheExergist #TheExergyst Exorcising the stupid from the discourse on Political Economy, Energy and Climate Change Fanaticism.


    And the Stark contrast between US Gas Prices over European ones struck me.

    us. 2.91 per gallon
    Sweden 6.42 per gallon
    Germany 5.85 per gallon
    Russia 2.80 per gallon
    China 3.96 per gallon

    The Affordability ratios are very interesting
    1.63 % US and 14.81 % China
    % of income spent is also interesting
    1.93% US and 0.49% China

    Who gets What from a Gallon of Oil.
    OECD’S average
    31% Crude Price 20% Industry Margin 49% Tax.

    this excellent paper at the House of Commons online library the other day.

    15. Taxation comprises three fundamental economic parts:

    l Creation of the medium of taxation and issue into the economy

    l Distribution of the medium of taxation through the economy

    l Collection of the medium of taxation

  6. The “Democrats” are tied to global finance and push for a global carbon economy, and global “development”, in the image of their malicious interest. Their deep-state base is the CIA and they excel in media and entertainment-industry control.

    The “Republicans” are more tied to the USA domestic-energy sector (such as the exploded shale-oil economy), to the army, and to the armament industry. They are more nationalist in their power centre, more into the extraction and wage-slave-production industries in Latin America and Africa, via USA corporations, and have less use for the UN in their manipulations.
    Heres a starter for ten, Dennis’s second tectonic shift is in my own opinion off-target, As he raises the question My response is to seek out what he puts forward as evidence to support that view.
    Fast-forward to today: Two global tectonic shifts have and are occurring, which fundamentally threaten the USA/Western ruling elite, in that USA hegemony itself is challenged.

    The first global tectonic shift is the continuous rise of Eurasia, economically led by China, with strategic, diplomatic and organizational support from Russia. This coincides with Russian emergence in protecting its national interests in Syria and Venezuela, while offering military technology (S-400 air-defence missile system) that neutralizes USA air dominance, to Turkey and others.

    The second global tectonic shift is the increased global abundance of easily extractable fossil-fuel reserves. It turns out that shale-oil is everywhere, as is natural gas; and Chinese coal, not counting secure imports,[8] is plentiful enough to power China, using modern centralized generation and transformation stations, for decades. There is oil and gas in Venezuela, Russia, Syria, Iran… Canada, USA… more places than can easily be controlled to starve competitors, to ensure high prices for preferred producers, and to keep the petro-dollar alive.[6]

  7. An interesting and timely blog.
    The chicken and the egg, which comes first is perhaps harder to answer than how long is a piece of string.
    Even if one has an egg or the chicken that’s still still a hard question. The question regarding the Piece of string is answerable if the Piece of string is available for measurement against a Standardised Unit.

    And on the Chicken and Egg we have here this point of difference.

    “Gail’s usual approach is that financial system failure will lead to energy supply problems (not the other way around)”

    After the Nixon Shock The Gold Standard was replaced by a De-facto


    The Petrodollar Standard, with Saudi oil production being a swing producer to facilitate inflation of the currency.
    In January 2005, Saudi Arabia increased its number of operating rig count by 144%, to increase oil production by only 6.5%. This suggests that the market swing producer (as Saudi Arabia was seen) was not able increase production enough to meet increasing demand.

    Plateau Oil. A variation on the idea of peak oil. AT Plateau production no swing capacity in Oil Supply is similar to demonetising Silver giving a de-facto Petrodollar Standard which is inherently deflationary.

    QED, Welcome to the new Oil Shock.

    “The long term aim is to move towards a 50:50 balanced money supply. At present, in the advanced economies Credit Money is 98% of the money supply and Cash is just 2%.

    That ratio is at the very crux of the matter and until it is fixed, our financial system will generate more and more wealth just for the wealthy. The end result will be more social inequality, more social upheaval, political upheaval and distress. Ultimately, we will be back at the Gates of the Bastille and the guillotines will be erected for the wealthy.”

    This the BOOM solution gets to the store of value versus means of exchange question inherent in the Bi-Metalism model and how demonetisation of Silver and the Inability of swing production to cover economic expansion explain why energy price rises really do come first, measurable like the piece of string not unanswerable like the chicken or the Egg.

  8. Rogerglewis on February 16, 2020 at 6:40 am said:
    CT: You discuss the need for states to ensure consent: the need to pacify, hypnotize and align populations for continued globalization; more precisely, the need to divert attention from the structural violence of economic policies and the actual violence of militarism. Can you say something about how the issue of global warming relates to this?

    DR: Irrespective of whether the so-called ‘climate crisis’ is real, exaggerated or fabricated, it is clear, from the data in my report, that the ethos of global warming was engineered on a global scale and benefits the exploiters of the carbon-economy and, more indirectly, the state.

    austrianpeteron February 16, 2020 at 7:20 am said:
    Counterpunch is a doubtful source for valid information IMHO – I avoid it and worry when someone quotes it.

    rogerglewison February 16, 2020 at 7:39 am said:
    Hello Peter,
    I do not dismiss Tims Work I am a passionate advocate both for it and of it.
    I have a few minor quibbles with Tim regarding presenting of the underlying axioms of Seeds. Economic Prosperity and Surplus energy are Axiomatic my contention is that the Calculus of the Axioms should be calibrated in energy units and not monetary units.
    Dennis Rancourt is an academic whose work is widely quoted in the WikiSpooks Blog. I know the WikiSpooks people and their Work and that of Dennis is of a very high quality and from very able people, some in surprisingly influential positions others hailing from such establishment backgrounds, now retired.
    The Interview with Dennis is as set out on the page or screen Peter, the Source is irrelevant, the arguments are what one addresses and not the Per packaged prejudices of where they are published. Colin Todd Hunter ( The Interviewer) is a regular contributor to

    Heres the Same Article on Global Research, I think you linked to one of their articles yourself a few days back?

    austrianpeteron February 16, 2020 at 9:47 am said:
    Ah Yes Roger, thank you, I did link that but didn’t connect it. My position is clear as I am a supporter of much of Austrian economics as a solution to our present out-of-control fiat system. Although Austrians advocate ‘sound money’ systems I am not a supporter of a return to the gold standard as I think we have moved on in our economic models.

    My friend, Gerry Brady at: and I spend a great deal of time debating the virtues of sustainable financial and economic systems to meet contemporary demands. Our deliberations to date have resulted in his recent article:

  9. The inescapable trilemma of the world economy. “The End of Democracy, not the end of History”. @scientificecon @jbhearn @financialeyes @JoeBlob20 @Lloyd__Evans #ConquestofDough #CovidPurpose #BlackWednesday
    DECEMBER 28, 2020

  10. Energy Returned on Energy Invested, Surplus Energy Economics DataBase ( SEEDS) Embodied Energy Circular Economy. #GrubStreetJournal #GrubStreetScience #GrubStreetEnergy #TheExergist #TheExergyst Exorcising the stupid from the discourse on Political Economy, Energy and Climate Change Fanaticism.

  11. #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

  12. “Admit the Facts of life in international political relationships.” The Kakistocracy and Venal Establishment. #FreeSpeech #FreeTommy #MoslemBrotherhood #UnitedNationsHateSpeechDictats #TragedyandHope #RealPolitik #GeoPolitics #MassMigration #MultiCulturism #Immigration #FreeSpeech #WarofCivilisations #Agenda2030 “Do you find this happens all the time. Crucial point one day becomes a crime. And I’m not the kind that likes to tell you just what I want to do” #AgeofConsent #NewOrder #ConquestofDough
    JULY 12, 2019


    Dave Taylor October 13, 2018 at 11:26 am #
    Thanks, Roger, for your looking for me leading me to this. It is good to see so many like minds. The odd-ball John G is as sad as certain bloggers on RWER. I have a wife who I love dearly but has the same personality trait: her memories and thus what she perceives are fixed by what she heard them called (Shane’s categorising?). Thus if I say anything different she reacts as if I’m calling her a liar, and the uncertainty that generates leaves her unable to stand being wrong. The point John G made right back on January 3, 2016 at 2:49 am,, “Money is credit. Always has been and always will be”, is quite true, but that has fixed his mind on its and so him being true, so (as my wife would) he projects his own truthfulness onto whatever anyone other than the immediate dissenter is telling him: uncritically critically accepting lies, not seeing through all those Schopenhauer evasions and perpetuating the damage made by acting as if they rather than his interest-free credit card understanding of money were true. Wishful thinking to avoid seeing himself as wrong? Of course we need to revise economic teaching, but in my view adult teaching ought to start with the old advice, “Know Thyself”, starting from the Jungian personality anaqlysis in e.g. Isobel Briggs Myers’ “Gifts Differing”, and the Freudian transactional analysis of error states in T D Harris’s “I’m OK, You’re OK”. It is not a bad idea to read brain guru Dr Edward de Bono on “Lateral Thinking”, “Parallel Thinking”, on perception in “I am Right, You are Wrong”, and reading the riot act in “New Thinking for the New Millenium”. Perhaps there is hope in the chaos theory story of the flapping of a butterfly’s wings seeding a hurricane?


    Roger Lewis December 18, 2018 at 3:07 pm #
    You’re welcome Dave.

    February 8, 2021 at 5:13 pmReply
    I’m a bit late into this, having been unwell, but I’m appreciating both sides of the discussion. It seems I differ from Jonathan mainly on the use of the word ‘power’, which doesn’t work with a Newtonian ‘mechanical’ framework theory (I once mentioned discovering Harro Maas’ thesis on “Mechanical Reasoning: William Stanley Jevons and the Making of Modern Economics”), but does work as “Remote Control of Power” with a Shannon ‘information’ framework theory. In other words I’m arguing that what to Jonathan looks like ‘power’, to me looks like control of our own power, so the issue is whether the PID control theory is applied to government controlling us, or us controlling ourselves in our inter-relations with other people (i.e. becoming able to contain our own desires sufficiently to “give way to others at cross roads”).

    Anyway, what excited me about Ikonoclast’s contribution was him picking up on my quote from Yaroufakis, so that for the first time a nucleus of agreement has formed round the starting point of my physical discussion: that electromagnetic energy (e.g. radio waves) traverse incredible distances in reaching us from outer space, whereas matter is localised.
    Physicists have been expending incredible amounts of effort and resources smashing matter trying to get Einsteinian energy out of it, not thinking how the energy got into it in the first place; which is obvious once you see it. Its localisation is achieved simply by circulation of its energy: photons sticking to their own tail and circulating in orbit round themselves.

    (This is something I DIDN’T get from G K Chesterton: in fact in 1908 (pre-Einstein) he was still ridiculing a suggestion it in Eastern religions. Yet Euclid had proved that three points define a circle, and from its earliest days Christianity has taught a Trinity not pulling the strings but communicating its love to us through a Word. That the same water can at different energy levels be at one time a gas (steam), another liquid and another solid ice makes it indisputable that One can be a system of Three. To evolve one needs a “minimally complex” System of Four, as in hydrogen becoming ionised so it has the possibility of forming helium. What I did first learn from Chesterton was the brain having four “parts” in the sense of different functions, which I recognised as like the operating system, input/output, active memory and archival memory in computers using the electric circuit logic discovered by Shannon)..

    With this clear in my own mind, however, I have been able to resolve issues in physics which troubled me since I first worked with physicists, and with Shannon’s information theory explaining how light is detectable but black holes are not, how evolution works and what can be known about it, and ultimately what we can know about economics and what Aristotle called chrematism and William Cobbett a cancer: growing fat as it killed the economy.

    If I might disagree with Jonathan on one thing: it is that the limit is not running out of real things to price, it is running out of digits to express the prices in; which would take us into another of my arguments about the significance of the arabic ‘algorithm’ as a system of numbering. This is reflected in a problem with his Figure 2, which doesn’t “show” what he demonstrates with his equation 1: “And here lies the problem: over time, these two ratios – the size ratio (s/S) and the number ratio (n/N) – trend in opposite directions”. It is not that Figure 2 doesn’t SAY this, but the graphs look to be trending in the same direction and one gets to the truth only if one notices and understands the significance of the logarithmic scales.

    Creorder out of Chaos.
    Coercive Agreggation

  14. October 12, 2018 at 6:47 amReply
    This is an interesting exchange of views , the blog that followed this one also engages with the question.
    In the Fourier Transform there are two domains the Time domain and the frequency domain I think as a real world analogy for Franks “dimensionlessness” The frequency domain is perhaps a useful four dimensional metric with subtleties reflecting multi dimensional non coupled phenomena. The time dimension in digital Signal processing is two dimensional and linear and simply does not capture the complex action of frequency interactions which are far more complex.
    This is a simple geometric explanation of the frequency domain.

    Another interesting insight into symbiosis and cooperation and mutuality as a positive strategy as an alternative to competition if the work of Martin Nowack an evolutionary biologist.
    MN: Yeah, let us start the game. And we see, yes, these defectors, they are spreading, you know. So the colours that we are observing here are: red are defectors and blue are co-operators, and yellow and green are changing sides.

    So yellow is now a new defector: it was a co-operator before. And green is a new co-operator: it was a defector before. We see the pattern is spreading. A kind of symmetry is being maintained here because they are deterministic of the rules, and the initial symmetry is never broken. But the amazing thing is these co-operators, they are persistent. They just refuse to get wiped out and they survive in those clusters. And if you watch very carefully, you see the clusters, they are actually growing until they collide with other clusters, and then they’re shrinking, and then they grow.

    David: But they never go out of business.

    MN: But they never get out of business. And the amazing thing is the average abundance of co-operators in this pattern is very close to 12log2-8.

    David: What does that mean?

    Ard: It’s close to constant.

    MN: It converges to a constant which is approximately 31%, and this is a mathematical curiosity. ( QED)

    Professor Sir James Mirlees RIP. Sadly James passed away in September, this keynote has stayed with me since I first heard it, he makes some profound insights into the Language of Mathematics.

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