This past week has been taken up with putting together the data model for the Lagom Föres energy based currency unit and progressing towards a white Paper and DAPP , I hope to get some programming done next week and then commence with finishing the last chapters of Conquest of dough finished and edited ready for sending to the Printers to get some some stock. Orders can then be from Stock or download in Kindle or E Pub or hard copies direct from the printers. I hope that all of those options will be available by End September. Meanwhile this weeks musings, Ramblings, Crunching s and Rantings may be found in the following.
The Following is a precursor to the Whitepaper onHannah Ritchie and Max Roser (2018) - "Fossil Fuels". Published online at OurWorldInData.org. Retrieved from: 'https://ourworldindata.org/fossil-fuels' [Online Resource]
Redefining Fiscal Conservatism. The Terra/Energy Based Fiscal Unit. Föres and Lagom White Paper, Boundary Conditions for a Fiscal Conservatism based upon Circular Economics. (Part One) Scope.
⨊GåFöre(O⨋)The FedratedMutualSociety.⨊Före(s)And⨋Lagom(s) Putting the Complementary into Crypto Currencies!.
The Post is also a file note regarding calibration of the Embodied energy based currency which will be proposed in
⨊Före(s) The store of Value component of the föres, Lagom dynamic currency complex.
The first two articles demonstrate a mistake in Logic engendered by treating energy assets as a Debt Based Financial Asset, Energy is either there or not there once you have nothing there is nothing you can not have less than no energy. Therefore any stock of energy must always be positive although if one adopts the Energy Cost of Energy measure.
Energy Cost of Energy is explained here by Dr Tim Morgan.
SEEDS uses an alternative measure, ECoE (the Energy Cost of Energy), which expresses cost as a percentage of the gross energy accessed.Because the world economy is a closed system, ECoE is not directly analogous to ‘cost’ in the usual financial sense. Rather, it is an economic rent, limiting the choice we exercise over any given quantity of energy. If we have 100 units of energy, and the ECoE is 5%, we exercise choice (or ‘discretion’) over 95 units. If ECoE rises to 10%, we now have discretion over only 90 units, even though the gross amount remains 100.This is loosely analogous to personal prosperity. If someone’s income remains the same, but the cost of essentials rises, that person is worse off, even though income itself hasn’t changed.
Understanding ECoEECoE evolves over time. In the early stages of any given resource, ECoE is driven downwards by geographic reach, and by economies of scale. Once maturity is reached, depletion takes over as the driver, pushing ECoE upwards.
II.6 Energy intensity of economies
Embodied energy cost of opportunity cost. Which would be a true metric of decision making where resource constraints involve mutually exclusive investment decisions.
We do Know that all Debts and Credits do not sum to Zero in the existing system and this is due to the Principal Debt being issued without the Interest Element , it is from this simple fact that Money Scarcity exists as an idea and gives a notion then of a Time value of money expressed as a rate of Interest.GLOBAL PRIMARY ENERGY USE ASSOCIATED WITH PRODUCTION, CONSUMPTION AND INTERNATIONAL TRADE
End of Ownership, Circular Economy Proof of Brain and Primary, Intermediary and Consumption Energy Tokens. A Framework Evolves.
123Here 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.
Is it not really just another species of American Exceptionalism, is it perhaps White American Supremacy. With respect to Exceptionalism rather than the theme of this article, it is ubiquitous in societies going back through history.
We find it in Plato's Noble Lie, We find it in The God Pharaohs in Egypt, Chosenness is perhaps the oldest form of Idolatry.
We find it in Calvinism in the Unconditional election and we find it in Judaism. Far from being sui generis to this time and place in history, it is ubiquitous.
All that said it is, of course, evident that the USA has had a tremendous decline in its Civil Society and Presidents Trumps approach seems to be to double down on American Exceptionalism and America First, as one Green Party Wag said about Brexit, It is an imaginary solution to Real problems the same could be said about American Exceptionalism, White Amerian Supremacy and to Netanyahu Zionism.
The foundations of the cause of the current discontents lie in two things, Misallocation of Financial Capital due to late-stage financial Capitalism.
The Misallocation of Capital is also compounded by the Logical mistake of Mistaking Money for wealth. Prosperity is founded upon Human Creativity and Conversion of Energy neither of which are present in the calibration of the Debt Based financial unit of account.
Here we see the real exceptionalism at play in modern America, The Washington consensus and the Globalised Neo-Liberal project. The Rise has been the Rise of the Barbarians at the gate of The masters of the Universe coupled with their Goons, the Military Industrial Complex.
So in Brexit, In MAGA and in White supremacy we have imaginary solutions to real problems.
The Answer to the problem is to put the Conservatism back into Fiscal Conservatism re-defined into an Energy-Based Currency Unit, Bingo!