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Environment/Science Last Updated: Apr 12, 2021 - 7:01:18 AM


The Myths Of Green Energy
By Charles Hugh-Smith with comments by Ron
Mar 10, 2021 - 7:39:16 PM

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https://dailyreckoning.com/the-myths-of-green-energy/

March 4th 2021

Finance is often cloaked in arcane terminology and math, but the one dynamic that governs the future is actually very simple. Here it is:

All debt is borrowed against future supplies of affordable hydrocarbons (oil, coal and natural gas).

Since global economic activity is ultimately dependent on a continued abundance of affordable energy, it follows that all money borrowed against future income is actually being borrowed against future supplies of affordable energy.

Many people believe that alternative "green" energy will soon replace most or all hydrocarbon energy sources, but this belief is not realistic. All the "renewable" energy sources are about 3% of all energy consumed, with hydropower providing another few percent.

There are unavoidable headwinds to this appealing fantasy...

Reality Check

1. All "renewable" energy is actually "replaceable" energy, analyst Nate Hagens points out. Every 15-25 years (or less) much or all of the alt-energy systems and structures have to be replaced, and little of the necessary mining, manufacturing and transport can be performed with the "renewable" electricity these sources generate. Virtually all the heavy lifting of these processes require hydrocarbons and especially oil.

[Ron: This is true currently because Tesla and others have devised technology for energy extraction from the aether etc that have been suppressed by the demonic globalist control cabal and only used in their DUMBs and space projects until Trump became president of the US. Once Trump is formally instated as the President of the reactivated Republic of the united states of America, power generation and transport modes will begin to eliminate carbon based fuels which will silence irrational anti-CO2 'Climate Change' and "Green New Deal" lobbies.

Most alt-energy systems and structures DO have to be replaced every 15-25 years see eg: The Collapse of Intellectual Standards in Science -
https://www.americanthinker.com/articles/2020/03/the_collapse_

of_intellectual_standards_in_science.html

The Renewable Green Energy MYTH: 50,000 Tons Of Non-Recyclable Wind
Turbine Blades Dumped In The Landfill -

https://www.zerohedge.com/news/2020-01-10/renewable-green-energy-myth-50000-tons-non-recyclable-wind-turbine-blades-dumped

Another Expensive Solar Scheme Bites the Dust -
https://www.americanthinker.com/articles/2020/01/another_expensive_solar_scheme_bites_the_dust.html

Progressive Eco-Group Admits It: Renewable Energy is a Hoax that
Benefits its Greenie Elmer Gantries like Al Gore -
http://abundanthope.net/pages/Environment_Science_69/Progressive-Eco-Group-Admits-It-Renewable-Energy-is-a-Hoax-that-Benefits-its-Greenie-Elmer-Gantries-like-Al-Gore.shtml

].

2. Wind and solar "renewable" energy is intermittent and therefore requires changes in behavior (no clothes dryers or electric ovens used after dark, etc.) or battery storage on a scale that isn't practical in terms of the materials required.

3. Batteries are also "replaceable" and don't last very long. The percentage of lithium-ion batteries being recycled globally is near-zero, so all batteries end up as costly, toxic landfill.

4. Battery technologies are limited by the physics of energy storage and materials. Moving whiz-bang exotic technologies from the lab to global scales of production is non-trivial.

5. The material and energy resources required to build alt-energy sources that replace hydrocarbon energy and replace all the alt-energy which has broken down or reached the end of its life exceeds the affordable reserves of materials and energy available on the planet.

6. Externalized costs of alt-energy are not being included in the cost. Nobody's adding the immense cost of the environmental damage caused by lithium mines to the price of the lithium batteries. Once the full external costs are included, the cost is no longer as affordable as promoters claim.

7. None of the so-called "green" "replaceable" energy has actually replaced hydrocarbons; all the alt-energy has done is increase total energy consumption. This is what's called Jevons Paradox: every increase in efficiency or energy production only increases consumption.

Here's a real-world example: Building another freeway doesn't actually reduce congestion in the old freeway; it simply encourages people to drive more, so both freeways are soon congested.

All Future Income Is a Claim on Future Energy

Setting aside the impracticalities of replacing most or all hydrocarbons with "replaceable" energy, the real issue is all debt service/repayment is ultimately funded by future energy.

[Ron: The creation of debt and the concept of "debt servicing" and "repayment" under the demonic Babylonian system operated by the Talmudists will cease to exist on this planet very soon.

The Talmudic globalist control cabal has covertly developed a virtual global monopoly using the creation and usurious distribution of currency, ie debt, which they have used it to effectively enslave the entire global population.

To free USans and everyone from Talmudic global bankster debt enslavement it has been necessary to eliminate the Federal Reserve System (the Fed) and all Rothschilds' controlled Central banks globally and to replace them with a Quantum Financial System in which the US and every nation will be responsible for issuing gold backed money and currency in their respective jurisdictions. This initiative is currently being done by the Trump administration and its Alliance allies around the world under the guidance of the office of the International Treasury Controller.

The Quantum Financial Reset is being organised by the International Treasury Controller who began the process of agreeing, with all countries in the world, the "Pegging" of their currency to a replacement for the Petro Dollar which will be the INTERNATIONAL GOLD BACKED GLOBEC CURRENCY. That process is establishing the value of each national currency vis-a-vis the Globec which will bring them stability and away from the currency markets which are being abolished. This has involved the collection of numerous details and data so that a real and practical value can be assessed for each currency and agreed with the applicable country. See: DAVID CRAYFORD ---------- IT'S TIME THAT SOMEONE STARTED KICKING ASS SO THAT CHANGES TO THE CURRENT FINANCIAL SYSTEM CAN BE MADE TO BENEFIT EVERYONE, NOT THE MINORITY - http://abundanthope.net/pages/Whistleblower_and_OITC_114/DAVID-CRAYFORD------------IT-S-TIME-THAT-SOMEONE-STARTED-KICKING-ASS-SO-THAT-CHANGES-TO-THE-CURRENT-FINANCIAL-SYSTEM-CAN-BE-MADE-TO-BENEFIT-EVERYONE-NOT-THE-MINORITY.shtml


The Quantum Financial Reset may not be completed until after the coming Magnetic Reversal STAND STILL, and stasis period. It will transform social and economic life on this planet. Problems associated with commercial banking and usury (ie debt) as we know them will be gone. Sovereign National Treasuries will issue all local money and currency on a usury free basis. That will eliminate so-called national debt. The elimination of usury will also eliminate income taxation and pave the way for global prosperity and abundance. Gross inequality and poverty will be elimnated very quickly. This planet and its remaining inhabitants will then be ensconced in CM's Millennial Reign which was declared on 5 February 2019.].

On the face of it, future income is used to pay back borrowed money, but all future income is nothing more than a claim on future energy.

[Ron: Under the coming global Quantum Financial system future income will cease to be used to pay back borrowed  fiat debt tokens created by banksters out of thin air using key strokes on computers which they fraudulently call "money". ALSO, future income will be derived using human energy and intuition applied to available physical resources including electrical and other power extracted from the environment. Humans are the dynamic factor, NOT inanimate energy sources.].

"Money" without access to affordable energy is worthless.

[Ron: I disagree. Money has a use value as a facilitator for the exchange of goods and services. While that use can and will eventually be dispensed with once all humans on this planet become spiritually mature and hence sufficiently conscious to serve others more than self without the need for tokens to denote individual contributions to the welfare of others and the planet, that state of higher consciousness is as yet not generally available.

Moreover, the Creator's energies creating and pervading the cosmos and our local planetary environment are infinite and eternal and readily available without cost once we learn how to fully access them. Similarly, human energy is free unless individuals are enslaved by demonic forces.].

Imagine being air-dropped into the Sahara desert with a backpack of gold and $100 bills. You're wealthy in terms of "money" but if there's no water, food and transport to buy with your money, you'll die.

The point is that "money" is only valuable if the essentials of life are available at affordable prices.

[Ron: "Money" is merely a useful means for the exchange of goods and services in circumstances in which humans are not prepared to serve other more than self. Essentially currency is a social lubricant and as such doesn't have to have value in and of itself.].

Right now the average full time wage in the U.S. is about $19/hour, and the average cost of a gallon of gasoline is $2.25. So a mere 7 minutes of (pretax) labor will buy a gallon of gasoline.

But what happens if inflation increases the cost of oil but wages continue stagnating? What happens to the economy if it takes one hour of labor to buy a gallon of gasoline instead of 7 minutes?

The Hidden Costs of Alternative Energy

Economics claims that cheaper substitutes will appear to replace whatever is expensive, so cheap electricity will replace costly oil, or transport will switch to cheap natural gas, etc.

But these proposed transitions are not cost-free.

The cost of replacing 100 million internal combustion engine (ICE) vehicles is non-trivial, as is building the "replaceable" energy infrastructure needed to power all these vehicles.

The true costs of "replaceable" energy have been fudged by not counting external costs or replacement costs; the full lifecycle costs of "replaceable" energy are much higher than promoters are claiming.

There are supply constraints that are also not included. For example, all the plastic in the world is still derived from oil, not electricity. (Note that each electric vehicle contains hundreds of pounds of plastic.)

Energy in any form is not magically pliable. Just as we can't turn electricity into jet fuel, we can't turn a barrel of oil into only diesel fuel. Coal can be turned into liquid fuel but the process is non-trivial.

[Ron: Electro-magnetic propulsion doesn't require carbon fuel inputs.].

All of which is to say that the cost of energy in hours of labor is likely to increase, possibly by more than the global economy can afford.

[Ron: No it won't].

There may also be supply constraints, situations where the energy people want and need is not available in sufficient quantities to meet demand at any price.

As "software eats the world" and automation replaces costly human labor, it's also likely that the erosion in the purchasing power of labor that's been a trend for 20 years will continue and accelerate.

[Ron: In the new world coming Artificial Intelligence, robotics and mechanisation etc will largely eliminate the need for human physical labour. See eg: The Permanent Unemployment & Underemployment Economy - http://abundanthope.net/pages/Political_Information_43/The-Permanent-Unemployment-Underemployment-Economy.shtml

Accordingly humans here need to develop a higher level of consciousness which enables them to care for and share with each other and the environment rather than ego-centrically competing to dominate others while clinging to primitive and barbaric attitudes to life the universe and everything ingrained in global human consciousness by millennia of demonic indoctrination and enslavement by Luciferians. In particular that means that human societies MUST eliminate corrupt mechanisms such as corporate personhood and the ability of private corporations to monopolise markets and to make excessive profits that are not adequately taxed by society. Also, given that corporations are fictions, if private corporations are allowed to exist the individual owners must not be allowed to conceal their identities behind a 'corporate veil'. See eg: Citizens United v. FEC: Corporate Personhood Must be Eliminated if Humanity is to Survive. - http://abundanthope.net/pages/Ron_71/Citizens-United-v-FEC-Corporate-Personhood-Must-GO-if-Humanity-is-to-Survive.shtml].

Analyst Gail Tverberg has done an excellent job of explaining that it's not just the availability of energy that matters, it's the affordability of that energy to the bottom 90% of consumers.

[Ron: This ceases to be a problem once suppressed "free" energy generation technologies are released for use by the global population.].

Central Banks Can't Print Energy

Again, "money" is nothing but a claim on future energy, because energy is the foundation of the global economy. Without energy, we're all stranded in the desert and all our "money" is worthless because it can no longer buy what we need to live.

Central banks can print infinite amounts of currency but they can't print energy, and so all central banks can do is add zeroes to the currency. They can't make energy more affordable, or guarantee that a day's labor will buy more than a fraction of the energy that labor can buy today.

The global financial system has played a game in which "money" is either printed or borrowed into existence, on the theory that energy will be more abundant and more affordable in the future. If this theory turns out to be incorrect, the "money" used in the future to pay back debts incurred today will have near-zero value.

[Ron: Energy will be abundant and almost free in the future. Why?  Because the demonic cabal's Central banking system is being eliminated by the Trump Administration and its Alliance allies around the world. Also, suppressed Tesla "free energy" technologies will be released for use by the general global population. Moreover, under the global  Quantum Financial System money and currency will maintain its value because it will be gold backed and properly issued usury-free by national treasuries, NOT by private banksters.

Sovereign national Treasuries will simply emit sufficient asset backed interest free money (currency) to enable citizens to build necessary infrastructure and provide essential services so that the needs of the general population are adequately catered for. When money  (currency) is emitted interest free the money supply can be easily stabilised since it will not be hoarded and disappear from circulation except when and if the Treasury decides to withdraw it. There will be no incentive for banksters or others to hoard or misuse it.

Today deflationary recessions, austerity and poverty are deliberately created by banksters refusing to issue a sufficient supply of currency to sustain adequate social interaction and productivity. Insufficient currency emission is an integral part of the banksters' methodology for stealing community wealth and impoverishing and enslaving humanity.]

The question is: how much energy, water and food will the "money" created out of thin air in the future buy?

If the lender can only buy a tiny sliver of the energy, water and food that the "money" could have bought at the time the "money" was borrowed, then it won't really matter how many zeroes the "money" will have. What matters is how much purchasing power of essentials the "money" retains.

[Ron: This is why the Talmudic global Central banking system is being abolished.].

Borrowing trillions of dollars euros, yen and yuan every year expands the claims on future energy at a rate that far exceeds the actual expansion of energy in any form.

This has created an illusion that we can always create money out of thin air and it will magically hold its current purchasing power for ever greater amounts of energy, food and water.

The monumental asymmetry between the staggering rate of expansion of "money" - claims on future energy - and the stagnant supply of energy means this illeusion is only temporary.

[Ron: Arguably the recent enormous issuance of currency by the Fed and the Central banks has been used to eliminate them via bankruptcy.

The primary fraud perpetrated by the Talmudic banksters has always been usury; and the fact that usury inevitably and continuously erodes the value of currency already in existance because it requires continuous and increasing issuance of loans to enable adequate social and economic activity to continue. The banksters' conceal this fact with rhetoric about "inflation". For instance, when the Central banksters say they seek to keep the inflation rate at 2% pa what they are really saying is that they are seeking to reduce the value of the  currency needed to buy stuff by 2% pa. In effect they are saying that they are reducing the "money" in savings accounts and being paid to the masses in salaries, wages, dividends etc  by 2% pa. As a result the stupid goyem keep thinking that assets like their homes and share investments etc are growing in value whereas the truth is that the currency they earn to buy stuff is being steadily reduced in value.

WHY is this the case? It's because the banksters demand interest payments on loans BUT NEVER CREATE ANY CURRENCY TO PAY THAT INTEREST.  That means that for the system to survive at all the banksters have to issue EVER MORE LOANS (also at interest) to enable most of the existing loans to be repaid with interest. The net effect is that gradually the  currency loses its purchasing power AND a steadily increasing number of borrowers are unable to pay the interest and principle on their loans and go bankrupt. At that point the banksters obtain the bankrupts' properties for pennies on the dollar.

The process is a zero sum game. The system must inevitably collapse when the population can no longer afford to borrow any more currency. When that is about to occur the banksters always try to create a crisis like WWI, the Great Depression and WWII in order to conceal the real reason for the need to scrap the monetary (and banking) system and start again. However today the banksters have been unable to create a war to justify the monetary/banking collapse AND the introducion of their alternative - the WEF's GREAT RESET. Moreover, their alternative to war - the COVID-19 scamdemic - has also failed to conceal the global economic collapse. WHY? Because President Trump's administration has thwarted their attempt to start a war anywhere. AND his administration has also preventedt their biological weapon - COVID-19 - from being lethal thus greatly reducing its harmful effects on the global economy and population. The failure of the COVID plandemic has exposed the global cabal's corrupt medical minions and is likely leading to their being prosecuted under a second Nuremberg Tribunal.

Currently the global bankinhg system should already have collapsed but the banksters have managed to continue its existance by reducing interest rates to near zero and even instituting negative interest rates in many places. That situation cannot last.].

[Some colour fonts, bolding and comments in square brackets added.].

 

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