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Charles Hugh Smith - It’s Time To End The Fed & Return To A Decentralized Currency
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Today’s Guest: Charles Hugh Smith
Website: Of Two Minds
https://oftwominds.com
Charles is Financial writer and book author,Charles newest book is Global Crisis, National Renewal: A (Revolutionary) Grand Strategy for the United States. Charles begins the conversation talking about the Green New Deal. We cannot move from a fossil fuel world directly into a green energy world, we are not ready for this and the infrastructure is not there. The inflation is going to destroy the economy and it is time to move back to a decentralized currency.
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2 years ago
All well and good but, they're not addressing the right stuff.
So-called "green energy" is not viable if it cannot replicate itself. By that I mean that solar and wind factories MUST be powered by wind and solar energy alone. Right now, coal and oil are the ONLY energy sources that use refined coal and oil energy to extract the crude stuff, refine the crude into usable fuels, and make the machines that use refined fuels to do work.
The problem is how we see fossil fuels vs green energy and our expectations must adapt accordingly. Fossil fuel energy can generate ON DEMAND and by the generators themselves. Fossil fuels generate SURPLUS energy that can be easily converted into other forms useful for doing work.
GREEN ENERGY must be modeled like a hydroelectric dam. A huge reservoir of potential energy is first built up in a massive lake behind the dam. Once that reserve is established, the potential energy from that lake is extracted. How much P.E. is converted into electric energy must be averaged on allowable fluctuations of the lake's water level and how much comes in via natural rainfall, rivers, runoff from the land, and tributaries. The average of demand and the average of supply MUST AGREE within certain limits.
Remember, that hydro electric dam was built with diesel-powered heavy equipment. That won't work in the "green" future. The dam MUST be able to supply enough electric power to the grid to feed electric-powered heavy machines to build ANOTHER hydro-electric dam. ONLY THEN CAN GREEN ENERGY PROVE ITS VIABILITY by producing enough surplus to replicate itself.
NOW WE GET TO WIND AND SOLAR. Same idea as hydro-electric. You *MUST* create a massive reservoir and, in this case, the only cost effective reserve is a massive lead-acid battery complex. WHY LEAD-ACID? It is the most mature and proven technology. It is 100% recyclable. It is damn near idiot proof. It can be made 100% in the U.S.A. It is robust and forgiving. Since it will be a stationary power source, the size and weight is irrelevant.
The two things feeding the huge battery will be PV panels and windmills. ***NOT*** the retarded and worthless 3-blade NASA windmills that are barely 4% efficient and have major operational problems!!!!! The 3-blade windmills LOSE EFFICIENCY as they get bigger! A well known scientist, James McCanney, developed a completely new and vastly more efficient windmill that has none of the problems of the inferior 3-blade NASA-designed windmills we see everywhere.
Wind farms can only be located in areas that have lots of wind energy 24/7 and that means states like North Dakota, South Dakota, Kansas, Nebraska, Montana, etc. Solar should be viewed as a midday booster since it works best between 10AM and 3PM. Both feed into the big battery. All managed by off-the-shelf charge controllers.
On the output, DC to AC motor-generators. Two or three. When the sun's out, the wind is blowing, and the batteries have a good charge, all three can feed the grid. Overnight, down to one motor-generator; depending on the winds and expected demand load for the next 24 hours. THAT feeds into the grid instead of 1000's of unstable individual inputs from solar and wind. And.... BECAUSE this system generates a regulated level of power AND from a large reservoir of energy, its output is STEADY and RELIABLE. It is NOT On-Demand like fossil fuels but, this is how it will have to be done. Like the aforementioned examples, when the output of two or more solar-wind-battery systems can produce enough surplus to exclusively power a factory that makes more of the same, THAT is what will prove its viability for the future. THAT MUST be the goal and done while we have the fossil fuels to set this up.
Where will the money come from? MAXIMUM TAXATION ON THE GLOBAL SUPER RICH. By *FORCE* if necessary. The ultra elites are buying up millions of acres of land worldwide and for evil purposes, you can be sure. That money was STOLEN out of the world's economies by JEWISH money and market tricks. The one good thing is that we know where the money is hidden. All we have to do is CLAW IT BACK and make those fucking JEWS PAY. ***MAKE***THEM***PAY***