John Doyle
on February 21, 2020 at 12:56 pm said:
all money is debt. no debt = no money. super simple and cast iron.

drtimmorgan
on February 21, 2020 at 1:01 pm said:
My version, of course, is that all money is ‘claim’.

rogerglewis
on February 21, 2020 at 1:18 pm said:
Your comment is awaiting moderation.
John, Money represents an IOU. When I refer to Debt-based money I refer to money created at interest without the Interest component, this story and my use of the phrase Debt-based money is told in letters parable of the 11th round.

http://www.lietaer.com/2010/09/the-story-of-the-11th-round/

A credit-based money of commerce is very different to a Debt based money of commerce and the use of Tims all money is a claim is a good starting point.

The second question that arises is that of asymmetric risk or skin in the game.

Where did you get this idea from Tim, It makes no sense. Trees Synthesise many minerals from the ground but also Carbon from the air, the more Carbon there is in the Air the less water plants need in general.

https://www.britannica.com/science/photosynthesis

https://www.britannica.com/plant/tree/Tree-structure-and-growth

Reply ↓

rogerglewis
on February 21, 2020 at 10:27 am said:
https://botany.org/PlantTalkingPoints/CO2andTrees.php

drtimmorgan
on February 21, 2020 at 10:51 am said:
Thanks – I still find it hard to imagine saplings absorbing much carbon. Fortunately, I have a family member who recently took an honours First in environmental sciences, so I’ll ask his views.

rogerglewis
on February 21, 2020 at 10:59 am said:
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Mighty Oaks from tiny acorns, etc and so forth.
Geoffrey Chaucer’s Troilus and Criseyde, 1374,
“as an ook cometh of a litel spyr”
https://en.wikipedia.org/wiki/Troilus_and_Criseyde

rogerglewis
on February 21, 2020 at 11:03 am said:
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191.
But as we may ourselves any day see,

the more the wood or coal, the more the fire,

just so increase of hope, from wherever it be,

full often with it increases the desire:

just as an oak comes from a little spire,

so through this letter, which she sent,

the desire increased, with which he burnt.

….any old rubbish that will get his name in the papers and keep him in a woke university place.

Reply
rogerglewis February 21, 2020 at 1:52 am
rogerglewis
on February 21, 2020 at 10:49 am said:
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A bit of retreaded climate porn to boot.
https://www.bloomberg.com/news/articles/2019-10-11/jpmorgan-economists-warn-of-black-swan-risks-from-climate-change

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rogerglewis Your comment is awaiting moderation.
February 21, 2020 at 1:53 am
There is every reason to doubt the BBC’s report on the new report, The BBC and Roger Harribin are alarmist extremists, there’s no sugar-coating that pill or indeed the same conclusion of Mr Monbiot at the Guardian. Jamie Dimon’s Report last Spring (2019) https://www.fsb-tcfd.org/wp-content/uploads/2020/02/PR-TCFD-1000-Supporters_FINAL.pdf This JP Morgan report is rather good Mountains and Molehills. The Green New Deal mandates zero net emissions for the US by 2030 for the entire energy sector (not just from electricity generation), and does so while phasing out nuclear power and relying heavily on carbon sequestration by forests. This sets a goal that cannot be achieved. At best, the Green New Deal is a slogan to galvanize support for change; at worst, it’s a sign of how little work its proponents have done. This year’s paper gets into the details of where energy comes from, how it’s used, and the de-carbonization challenges facing the world’s industrialized and emerging economies. Additional topics include the latest research on wildfires, and Trump’s War on Science. http://vaclavsmil.com/wp-content/uploads/2019/03/JPM.2019.pdf There is every reason to doubt the BBC’s report on the new report, The BBC and Roger Harribin are alarmist extremists, there’s no sugar-coating that pill or indeed the same conclusion of Mr Monbiot at the Guardian. Jamie Dimon’s Report last Spring (2019) https://www.jpmorganchase.com/corporate/Corporate-Responsibility/document/jpmc-cr-climate-report-2019.pdf https://www.fsb-tcfd.org/news/# Mark Carney and Michael Bloomberg are photographed at the top of the news page of The Producers of the report the BBC are dishonestly referring to as JPMorgan, the group is independent of JPM apparently. That the Central Banking cartel is pushing carbon credits and a carbon-based taxation/Debt system to replace the current Broken system is undoubted, This is Green Washing, Clive Spash is the go-to on the impossible contradictions engendered in this new elitist fix to keep the rest of humanity in debt bondage. https://www.fsb-tcfd.org/about/# This is about saving the Big Banking cartel not about saving the environment or indeed prosperity. https://surplusenergyeconomics.wordpress.com/2020/01/24/163-tales-from-mount-incomprehension/ /2019/11/25/the-incomparable-professor-smil-energy-matters-without-the-spin-and-the-late-professor-sir-david-mackay-energy-without-hotair-grubstreetjournal-grubstreetscience-grubstreetenergy-theexergist-th/ /2020/02/18/wassuppp-diagnosisand-the-energy-based-solutions/ rogerglewis on February 21, 2020 at 8:50 am said: Your comment is awaiting moderation. https://www.fsb-tcfd.org/wp-content/uploads/2020/02/PR-TCFD-1000-Supporters_FINAL.pdf all off the back of this press release by the looks of it.