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What is the Purpose of the Economy? #ArtificialScarcity #TaxFarming #FinanceTailWagsCommunityDog #WagTheDog #Stupidlosophy to #CanofWorms #Aadhaar #

   March 16, 2023  4 Comments
Episode #1: What is the Purpose of the Economy?

What is the Purpose of the Economy? #ArtificialScarcity #TaxFarming #FinanceTailWagsCommunityDog #WagTheDog #Stupidlosophy to #CanofWorms #Aadhaar

#DutchFarmers filed under #ClimateChange? by #BBC

 

Saw You Coming – Stupidlosophy  (PROBLEM)

 

 

Reaction ( Narrative )

Solution

“the revolutionary element arises; using, of course, the word revolutionary in a constructive sense”. Major Douglas. Social Credit and Distributive Political Economy.

One of Henry Carey’s closest
friends and collaborators, U.S. State
Department official Erasmus Peshine
Smith, was stationed in Japan from
1871-77 as an advisor to the Japanese
government’s Foreign Ministry on
issues of credit, tariffs, education, and
bilateral treaty agreements with the
western powers. The establishment
of the National Bank in 1872 and the
enactment of educational reforms to
create a literate citizenry, imbued with
scientific and technological optimism,
were directly due to Smith.
With this platform now established
in Russia, Japan and Germany, by the
1890s an historic opportunity for the
nations of continental Europe to unite
and work together emerged. France’s
Foreign Minister Gabriel Hanotaux
collaborated with Finance Minister
Witte of Russia to develop the internal
connections of the European nations,
moving towards a completed Eurasian
Land-bridge.
The world was advancing in a way
that could smash the power of the
British Imperial forces. The British
counteroffensive, led by the likes of
the son of that dope-sniffing Queen
Victoria, the future King Edward
VII, struck against all those nations
with assassinations, subversion, and
fomentation of wars—and ultimately
World War I.
Equally horrifying to British
Imperial strategists was the work
being done in the laboratories, in all
fields of science, during the decades
after Lincoln’s Civil War victory. It
was against this scientific renaissance
that the Cambridge Apostles of
the Darwin Project for Malthusian
genocide were unleashed, to corrupt,
pollute, and attempt to destroy the new
scientific discoveries and technological
advances, including the revolution in
physical chemistry, taking place during
these years

 

https://cec.cecaust.com.au/pubs/pdfs/cv7n6_part2of2.pdf

 

 

https://take.quiz-maker.com/QYMG3AR

 

https://larouchepub.com/eiw/public/2010/eirv37n36-20100917/eirv37n36-20100917_024-the_inter_alpha_group_nation_kil.pdf
https://www.routledge.com/Climate-Crisis-Economics/Mackintosh/p/book/9780367478698

 

Fig 1.

Fig 2

The better Manifesto is the La rouche organisation’s Great Leap Backwards.

https://drive.google.com/file/d/1m3yIG3IlpjL_C5lDnzKFLzHsloz1pP8d/view

Mackintosh’s brand of Green Fascism has emerged fully now from behind the curtain, Let the discussion of the Facts and the Science commence.

Flu d’état, Part 2. Central Bank Coup Det Tat. The Central Bank Balance Sheet Pandemic. OCTOBER 3, 2021 #Covidstroika ITS A DIGITAL BANK PASSPORT NOT A VACCINE PASSPORT #QED.

Going Direct to Backwardation.” in the language of the internet; it’s happening! ” The Going Direct Paradigm,

Do the Cantango, Backwardation to Monopoly. Power Work Time Blood. Sixteen Tons selling your soul to the Company Store. (#Aadhaar)

Procrustian modeling and policy-based evidence-making a trial of style over substance and the blind led by the blind. Circular and inductive reasoning, a failure to check and re-check premises.

“The Position was well put indeed in a famous speech by Jbzl to the graduates of the Central Saturnian University when he said that it was a source of great pride to him that although hardly anybody knew anything any longer, everybody now knew how to find out everything.”

https://notthegrubstreetjournal.com/2021/12/27/i-will-be-your-rock-of-ages-look-me-up-in-yellow-pages-when-big-data-fooled-the-world-aadhaar-central-bank-digtal-currencies/

2.1. EIR of oil and petroleum
The EIRp, oil typically lies between 10 and 30, but from 1949 to 2008 it ranges from 7.5 (1981) to 48 (1998) with a value of 8.8 in 2008 marking the year of the highest oil price in history and the beginning of the latest time period of US economic recession. The minimum EIRp, oil of 7.5 in 1981 also coincided with the peak of an economic recession in the US as well as the time of the highest overall cost of petroleum as a percentage of GDP at 8.5% (EIA 2008). EIRe, petro from 1970 to 2006 ranged from 5.3 in 1981 to 15.9 in 1998, the same years for the lowest and highest EIRp, oil. In 1981 EIRp, oil:EIRe, petro was 1.43:1 (minimum) and in 1998 3.05:1 (maximum). The EIRp, oil from 1949 to 1972 gradually increased from 19 to 29 with little volatility in the value. This lack of volatility can possibly be attributed to the Texas Railroad Commission (TRC) acting as an oil cartel by
pro rationing oil production in Texas from 1935 to 1973 to create a price floor for balancing supply and demand (Prindle 1981)
. With Texas as the swing state oil producer until US peak production in 1970, this balancing on the price was possible.

https://iopscience.iop.org/article/10.1088/1748-9326/5/4/044006/pdf

2.1. EIR of oil and petroleum
The EIRp,oil typically lies between 10 and 30, but from 1949
to 2008 it ranges from 7.5 (1981) to 48 (1998) with a value of
8.8 in 2008 marking the year of the highest oil price in history
and the beginning of the latest time period of US economic
recession. The minimum EIRp,oil of 7.5 in 1981 also coincided
with the peak of an economic recession in the US as well as the
time of the highest overall cost of petroleum as a percentage
of GDP at 8.5% (EIA 2008). EIRe,petro from 1970 to 2006
ranged from 5.3 in 1981 to 15.9 in 1998, the same years for
the lowest and highest EIRp,oil. In 1981 EIRp,oil:EIRe,petro was
1.43:1 (minimum) and in 1998 3.05:1 (maximum). The EIRp,oil
from 1949 to 1972 gradually increased from 19 to 29 with little
volatility in the value. This lack of volatility can possibly be
attributed to the Texas Railroad Commission (TRC) acting as
an oil cartel by prorationing oil production in Texas from 1935
to 1973 to create a price floor for balancing supply and demand
(Prindle 1981). With Texas as the swing state oil producer until
US peak production in 1970, this balancing on the price was
possible.
After 1972, the increased oil prices in 1973, caused by the
Arab oil embargos, and again in 1979, impacted by the Iranian
Revolution, forced the EIRp,oil to drop (e.g. lower Btu/$ in the
numerator of (1)). After the mid-1980s, the EIRp,oil follows
a general rise and fall, with increased volatility and a steady
declining trend since 1994 (with one anomalously high value
in 1998). Due to the dramatic drop in the price of oil from 2008
to 2009, the EIRp,oil is higher in 2009.2

 

USING THE ENERGY INTENSITY RATIO AS AN ASSESSMENT TOOL FOR NEAR TERM US ENERGY
STRATEGY IN TRANSPORTATION AND PETROCHEMICALS
Davion M. Hill
DNV Research and Innovation
Dublin, OH USA
Carey King, Ph.D.
The University of Texas at Austin
Austin, TX USA

https://www.researchgate.net/publication/266461893_Using_the_Energy_Intensity_Ratio_as_an_Assessment_Tool_for_Near_Term_US_Energy_Strategy_in_Transportation_and_Petrochemicals

 

The Economic Superorganism: Review and criticism. Close but no Cigar.

 

Oil/tar sands require significantly more energy inputs to produce than historical
conventional oil. The bitumen is too viscous to flow underground in its natural state.
About 80% of bitumen resources are too deep to extract by digging. For these deeper
resources, a significant amount of fuel is burned to create steam that is injected
underground to enable the bitumen to flow and be pumped to the surface. For every
unit of energy input into production, less than 6 units of energy come out in the
extracted bitumen [10]. The U.S. oil and gas industry historically produced 10–20
units of energy relative to a unit of energy input [24]. Considering the additional

energy inputs for refining the oil to products such as gasoline and jet fuel, oil
sands deliver less than 3 units of energy, whereas conventional petroleum gasoline
historically delivered between 5 and 10 [31, 32, 35]. In general, the lower the
EROI, the higher the cost [34]. An EROI of 5 for gasoline roughly translates to
an equivalent gasoline price of near 4 $/gallon that U.S. consumers experienced in
2008 [31].

  1. King, C.W.: Energy intensity ratios as net energy measures of united states energy production
    and expenditures. Environmental Research Letters 5: 044006(available at http://stacks.iop.org/
    1748-9326/5/044006) (2010)
  2. King, C.W.: The rising cost of resources and global indicators of change. American Scientist
    103, 6 (2015)
  3. King, C.W.: Information theory to assess relations between energy and structure of the U.S.
    economy over time. BioPhysical Economics and Resource Quality 1(2), 10 (2016). http://dx.
    doi.org/10.1007/s41247-016-0011-y

There are competitive- and resource-based explanations for the phases I have outlined in the results. Phase 1 (from 1947 to 1967) was a period in which there were no apparent limits to U.S. economic expansion. The U.S. was the major market economy as Western Europe and Japan were rebuilding from World War II. Thus, the U.S. had little economic competition. Declining food expenditures (e.g., food = energy) along with cheap and abundant energy via prolific oil fields (e.g., in Texas) enabled the U.S. to control energy prices. Texas oil production actually had to be held back by the Texas Railroad Commission to prevent price collapse. During this time, the U.S. economy built up ‘structural reserves’ in the sense that money became more evenly spread throughout the domestic economy. By all measures in this paper, monetary flows became more evenly distributed during Phase 1.

The years 1967–2002 (Phase 2) are characterized by energy and environmental constraints affecting the U.S. economy for the first time. The Clean Air Act (1970) and Clean Water Act (1972) were substantially increased in scope and enforcement. Further, peak U.S. crude oil production in 1970 enabled the Arab oil embargo of 1973, and OPEC’s increase in posted oil price in 1973 (Mitchell 2013), to raise oil prices to such a degree to cause major reactions by importing countries. The environmental and energy changes encouraged significant investment in utilities (e.g., wastewater treatment) and resource extraction (see Table 17) along with a focus on consumer energy efficiency for the first time since industrialization. As examples, the U.S. created car fuel efficiency standards known as Corporate Average Fuel Economy (CAFE), shifted away from using oil for power generation (and temporarily also away from natural gas and toward coal), and expanded oil production into Alaska and the Gulf of Mexico. These and other macroeconomic factors (increasing debt ratios non-financial corporations (Minsky 2016; pp. 48–52); the end of spending for the Vietnam War; and a transition to government deficits in 1970 (Galbraith 2014; p. 41) resulted in gross power consumption and GDP increasing at a slower rate than before the 1970s. Starting in 1972, the U.S. has no longer been a net exporter of goods and services (except for 1982), and the oil and gas sector has been a net importer (in monetary terms) since 1967 (see Figure S7).

Thus, economic transactions stopped becoming more evenly distributed as the annual changes in conditional entropy and indeterminacy were close to zero. Hierarchy started to increase as fast as it decreased during Phase 1 while redundancy kept increasing. This combination of metrics indicates that some sectors started attracting an increased share of total flows through them even while all flows within the economy became more distributed.

The years 2002–2012 (Phase 3) are unique in that the I–O tables became more concentrated by all measures (the exact opposite trends of Phase 1). Mutual constraint, hierarchy (of node flows), and efficiency (of all flows) all increased during this time, while conditional entropy decreased. These changes are largely due to shifts toward increased energy (“Oil and Gas Extraction” Sector 3) and food sector purchases.

  1. King, C.W., Hall, C.A.S.: Relating financial and energy return on investment. Sustainability
    3(10), 1810–1832 (2011)
  2. King, C.W., Maxwell, J.P., Donovan, A.: Comparing world economic and net energy metrics,
    part 1: Single technology and commodity perspective. Energies 8(11), 12,346 (2015). https://
    doi.org/10.3390/en81112346. http://www.mdpi.com/1996-1073/8/11/12346

One takeaway is that the EIR of gasoline is lower than that for oil. For energetic
and monetary reasons this must be the case. As previously stated once we’ve
extracted oil, refiners must consume additional energy and spend more money to
turn oil into gasoline. The figure also compares the EIR of oil to a more detailed
calculation of EROI for the U.S. oil and gas sector. This EROI calculation uses
a more specific method that includes energy consumption data available every five
years [24]. Importantly, the two calculations follow the same trends. When one went
up, so did the other, and vice versa. Also, EIR of oil (only) is larger than the EROI of
the oil and gas sector, but when they approach values below ten (when oil is getting
relatively expensive), they become much closer to each other. This shows that when
energy costs get high, prices are forced to follow.
The comparison of energy output to inputs of energy carriers is not limited to
liquid fuels such as oil, gasoline, and ethanol. Figure 5.1 also shows the EIR for
electricity. This metric and its price inputs account for the entire supply chain of
extracting fuels burned in power plants, generating electricity, and delivering that
electricity to each business and homes. We tend to place more value on electricity

delivered to our home relative to gasoline at the pump. Electricity powers our
appliances and televisions and it charges our mobile devices and computers, and
we don’t have to operate a power plant in our home to use electricity. Thus, we pay
more dollars per unit of energy for electricity than for gasoline, and the net energy
ratio, or EIR, is lower.
We know different energy commodities have different prices per unit of energy,
different EROI, and we buy a mix of many energy products. Thus, we can also think
about the net energy of the entire energy system.

http://www.mdpi.com/1996-1073/8/11/12346

Peak X, badly needs a new driver at the wheel. A review of Climate Crisis Economics ( 1st Edition)* By Stuart P. M. Mackintosh. (*not worth rushing stocks will last.)

 

https://notthegrubstreetjournal.com/?s=seeds+falsified

“Money” YOU SAY #ARYANS I SAY #ARIANS, Inflation, Cui Bono Who Benefits? Tim Morgans Seeds Falsified? #239: Life after liberalism? Posted on September 13, 2022 THE CESSATION OF GROWTH CHANGES EVERYTHING

Never Give up on a good thing. Keep polishing the Monopoly Turd. Teeth grinding bullshit pervasive such a fucking waste. Tim Morgans Seeds Falsified?

GFC2, Ephemeralisation, Doing More With Less. Bucky Fullmeister and Circular Economy.

over-population-paper-how-big-a-waste-paper-basket-ayers-quite-so-twofingers2brino-4pamphleteers-grubstreetjorno-wiki_ballot-financialeyes-iabato The #Contrick19 News Stand

There is no Climate Emergency, There is no Pandemic There are only Lies Damned Lies and Statistics. #WrongKindofGreen #ConquestofDough #CovidPurpose

 

Flu d’état, Part 2. Central Bank Coup Det Tat. The Central Bank Balance Sheet Pandemic. OCTOBER 3, 2021 #Covidstroika ITS A DIGITAL BANK PASSPORT NOT A VACCINE PASSPORT #QED.

#AirStrip1 and the SVB collapse.

UK Budget today, a report from #AirStrip1 Oceania vs East Asia it’s on.

The Budget ( Treasury ( Kakistocracy ) and the Kleptocracy ( ESG bandits of the Green Fascist Mafia) The Budget is basically the Looters Manifesto. ( Austerity for thee and me, !)

https://www.bitchute.com/search/?query=webster%20tonefreqhz&kind=video

 

GHOST DANCE (1983) -EXTRACT -THE STORE

TONY BLAIR AND GORDON BROWN DISCUSS BRITISH LABOUR PARTY IN 1993

Campbells Soup, Can of Worms 15 minutes of fame , Where this is all Headed?

 ROGERGLEWIS  SEPTEMBER 30, 2017

Campbells Soup, Can of Worms 15 minutes of fame , Where this is all Headed?

Remember Smaug the dragon, in The Hobbit? He hoarded up a vast pile of wealth, and then he just hung out in his cave, sitting on it (with occasional forays to further pillage and immolate the local populace).

 

The Monetary System bakes this into the cake with Interest going to the very top of the Pile. On Growth, GDP is a very poor metric both in what it seeks to measure and its monetary measuring metric.
http://letthemconfectsweeterlies.blogspot.se/2017/08/renewableseroi-why-money-doesnt-cut-it.html
The Graphic makes a Stunning point, what is needed is the hard work in explaining why this happens and this comes from a better understanding of USURY, which delivers serfdom by stealth.

 

Wealth inequality in the U.S. is much worse than income inequality. The difference between the Top 0.01% (red line) and everyone else is so enormous that we couldn’t fit it in an image: “The bottom 90% of Americans aren’t even visible on this chart — and it’s a very tall chart!…But If you’re thinking that they “deserve” all that wealth, and all that income just for owning stuff, because they’re “makers,” think again: between 50% and 70% of U.S. household wealth is “earned” the old-fashioned way: it’s inherited.”

Anyone wondering where it all is headed? The World Follows the US example ( Bad Example) If we want to know where the Script is Headed, The Narrative is not the Script people, think of the Narrative as the False Panels on a New Auto Line out for Road Testing.
The US is 180 degrees reversed from what it says on the Tin. In Pop Art think of The Warhol Campbells Soup Tin.And a Can of Worms.
Been thinking for the past few weeks and this PCR Article has unlocked some themes may be a Blog by Tomorrow.

The US Economy Is Failing
Paul Craig Roberts
Do the Wall Street Journal’s editorial page editors read their own newspaper?
The frontpage headline story for the Labor Day weekend was “Low Wage Growth Challenges Fed.” Despite an alleged 4.4% unemployment rate, which is full employment, there is no real growth in wages. The front page story pointed out correctly that an economy alleged to be expanding at full employment, but absent any wage growth or inflation, is “a puzzle that complicates Federal Reserve policy decisions.”

IDIOCRACY (2006)

April Fools. A Fools Errand by the Potemkin village idiot. This is where the houses used to be , before the Idiocracy and Uncle Joe to go Pander.

Collection of Posts in the BBC News Business blog of Robert Peston And Stephanie Flanders

Manx/Austrian Economics. The Banking Tail has driven the Bankster Dog Mad. Tails Wagging Dogs. #ConquestofDough

Out of the memory Hole. Money Money Money. Flanders and Belly Flop.

https://www.economania.co.uk/various-authors/money-matters-bill-kruse.htm

Bill Kruse – http://www.economania.co.uk/various-authors/various-authors.htm – Permission granted to freely distribute this article for non-commercial purposes if attributed to Bill Kruse, unedited and copied in full, including this notice.

Members can discuss this and other articles on the economics forum at International Mensa.

 

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Author: rogerglewis

Real Estate Entrepreneur. http://www.realrld.com/

4 thoughts on “What is the Purpose of the Economy? #ArtificialScarcity #TaxFarming #FinanceTailWagsCommunityDog #WagTheDog #Stupidlosophy to #CanofWorms #Aadhaar #”

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