We are pleased to announce a new subscription mechanism for the EarthBlog News [EBN], along with a new trial subscription offer.
Details can be found at the new transmission link.
Thank you for your support.
Presenting an experimental heating appliance with the following attributes:
- Power Ventilation ensures adequate draft tested to 10 pascals negative pressure
- Multi Fuel
- >99 percent of combustion heat into living space for high efficiency
- sealed combustion chamber = very low interior emissions
- low temperature / low emission exhaust
- quick modular disassembly for easy cleaning and maintenance
- pre heated fresh air intake
- 1000+ hours in use operation
The Heat Boffinator
The main working components [modified] are
- Morso 1410 “Squirrel” wood burning stove [mod= functional lower vent]
- Magic Heat Air to Air heat Exchanger [mod = 120F thermal switch and wiring changes]
- Tjernlund AD-1 – Auto-Draft Draft Inducer [mod = mechanical ]
- 2″x5.7″ circular catalytic converter module [no mod]
Filed under: Green Living, Alternative Energy, High Efficiency Heating, Low Cost Heating, Wood burning Stove, Morso 1410 Squirrel, DIY, smart energy
Design submitted by Eb Dawson
Somewhere in the Mountains
The first in a series of living comfortably off your land
the realization of an engineering design modeled in google sketchup and constructed on site
A spiral water wheel capable of pumping to 24 foot head (volume determined by rpm) with integrated two level water tower. Level 1 and 2 irrigation water storage drums to be added upon completion and service entry in spring 2011. Level 2 tank provides continuous drip irrigation to garden. Level 1 tank provides 15 psi and 55 gallon instantaneous capacity.
Close up shows concrete base with embedded 6×6 main support column. Water wheel pivot arm = 2 2x6x14′ pressure treated yellow pine with two 6x6x1′ binding blocks. Main pivot bearing is 5/8 heat treated steel drilled and hammered through main support pole and bolted through pivot arm.
Close up shows pickup tube and 75 feet of 3/4 inch pvc collector tubing, water comes out of main stainless steel 2 inch drive shaft with 2 inch pillow block bearings which are bolted through 2x10x2′ main axle support board with 4 1/2 inch galvanized steel bolts.
Close up of main drive shaft with water coming out. Rotating hydraulic bearing will pump water 16 feet from creek level into top water storage barrel. Welded 3/4 inch ss main tube water entry flange (opposite side) not shown. Guy wire can be seen which lifts arm out of water for maintenance or in inclement weather. Guy wire runs from arm end to trailer winch on main support arm.
Wheel is 8′ in diameter and has 12 1′ x 2′ paddles material is cedar and pine painted with epoxy enamel. Central hub is 3/4 advantech. Secured to main shaft with welded flange and 4 1/2 inch stainless bolts with ss lock nuts.
By Phil Osophy
All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.” – Arthur Schopenhauer
A short essay which equates secular market timing to the three stages of truth
“Investing” has to do with the psychology of human beings. Understanding the three stages of truth can help enormously in understanding the financial markets, or anything else for that matter.
This essay uses the term “investing”, very loosely because it’s meaning has become muddled. Todays 24 hour global on line financial markets much more accurately depict a legalized on line gaming environment. If there was any truth in advertising, qualified participants (people who have money qualify) could click on buy, sell, on line poker, horse races or craps. There is no reason they shouldn’t all be on the same screen.
Baby boomers now beginning to think of retiring grew up watching Mutual of Omaha’s Wild kingdom and were sold on the idea that their mutual funds would provide for it by nice people with expensive desks. The idea was that if you “invested for the long term”, your real wealth would compound. Merrill Lynch was bullish on America. They never said if they were bullish on themselves. It is now obvious that this was all a con job, but the idea is disputed. Similarly, the idea that the global financial markets have devolved into a legalized gaming casino is past the stage of denial, and now the obvious truth is being met with a lot of opposition, mostly by all the interests vested in it. So these are two examples where we are currently on the second phase of truth.
Back to the point…
The fields of advertising and public relations have grown more potent, omnipotent and omnipresent. Everyone in the world, market participant or not, is subject to a 24 hour PR cycle. Markets are linked globally and trading on ninety something percent leverage amplify the “news”(PR). The markets routinely have exaggerated daily movements of several percentage points as market participants try to estimate relative values by buying and selling at the speed of light and up to 99 percent leverage. The whole thing is driven by perception, belief and confidence…and it’s amplified by a debt based fiat currency system.
using the three stages of truth for practical purposes…
The first stage of truth is always met with denial. Human psychology…”the crowd”, collectively never want to acknowledge what is right under their nose. The crowd is always herd like. George Orwell wrote “to see what is in front of one’s nose needs a constant struggle”. To do that requires independent thinking. In order to operate in the first stage of truth, by definition this expresses an opinion that is counter to the collective opinion.
George Soros wrote, “markets influence events they anticipate”. That is certainly true, until it isn’t. In other words, the real estate bubble, in the second stage of truth, was still influencing the event (higher prices) they were anticipating. By the time the third stage of truth came along, the market was collapsing. So the market participants collectively had to go from anticipating higher prices, to anticipating lower prices, and that happened because of the third stage of truth, which was only achieved by the market beginning to collapse. The actual root cause of this particular collapse (rising interest rates and unpayable debts), are what finally tipped this unsustainable bubble from the second to the third stage of truth.
Some would argue it all comes down to the math, and ultimately you would expect math to dictate events, but because of the three stages of truth, the math can take a back seat for long periods in the interim. For example, the debt and future obligations of the US government (as well as many other governments today running fiat currencies) are far too large to ever be repaid except in greatly inflated dollars. So this item is currently in the second stage of truth. In spite of the fact that this debt is an order of magnitude too large to be repaid, and despite the fact that this is staring everyone in the face, the value of the currency has yet to collapse against real things because the truth is being violently opposed. So despite the fact it is obvious that this debt cannot be repaid, people with vested interests in it will defend it’s legitimacy here in the second stage of truth.
When Bernie Madoff’s NASDAQ was peaking out around 10 years ago, it was supposed to go on forever. This new dot com era changed the whole game. “It was different this time”. It always is in the first stage of truth. Then there was the real estate bubble where anyone with a pulse could get a zero down loan because it was obvious that real estate prices would go up forever and would never go down. Supposedly intelligent people at the time would come on TV and say that. So these are both examples of things that were all right under everyone’s nose. First the truths were met with denial and ridicule, then in the second stage of truth met with opposition. In other words, when the real estate market began to collapse, that idea was met with extreme skepticism. Following that, in the third stage of truth after the collapse, it is now obvious to everyone that it was an unsustainable bubble.
A key point is that only hindsight offers the actual truth and even then is subject to historical revision. So that’s the problem with any trading system. At the first stage, is the truth being met with denial because it’s either the truth or is the hypothesis simply wrong. Things that are wrong will also be met with denial because they were not the truth.
By definition, the application of this idea requires you have to have the ability, conviction, confidence and correctness to see the truth when that truth is the subject of denial and ridicule. It it is not the subject of ridicule, then either it is not the truth or it is already in the second stage of truth.
Famed investor Jim Rogers was once quoted as saying “buy value sell hysteria”. This is another example of the stages of truth. Value occurs in the first stage of truth. When Gold was trading below $300, people buying gold and gold derivatives were the subject of ridicule from the herd. Hysteria occurs during the second stage of truth. The stage where it’s obvious that this cannot continue forever, and despite that, it is continuing, and being defended against criticism. When the hysteria peaks, when the hypocrisy of the defenders becomes too great then the hysteria ends, the bubble bursts, and the third stage of truth is achieved. The short seller would of course, also like to sell in the transition phase between the second and third stages of truth.
Summarizing this idea, financial markets are legalized casinos with credit up to 99 percent of the purchase price and available on demand. Psychology and herd behavior drive the markets. They operate on belief and confidence or lack thereof…. according to the three stages of truth. Market relationships are purely a product of perception, belief, and confidence. Those all follow the three stages of truth. The efficient market theory is wrong and only still used by ivory tower academics, not successful market participants.
Using the three stages of truth for practical purposes, ideally a position would be initiated in the first stage of truth and held through the second stage when it is being met by opposition. Then, the position is terminated or reversed at the transition to third stage of truth, when it is obvious to everyone what the truth is.
I write to you from a disgraced profession « Real-World Economics Review Blog
[filed under: failed financial system, John Maynard Keynes, Fraud, flat earth Economics professors]
The following is the text of James Galbraith‘s written statement to members of the Senate Judiciary Committee delivered a few days ago.
I write to you from a disgraced profession. Economic theory, as widely taught since the 1980s, failed miserably to understand the forces behind the financial crisis. Concepts including “rational expectations,” “market discipline,” and the “efficient markets hypothesis” led economists to argue that speculation would stabilize prices, that sellers would act to protect their reputations, that caveat emptor could be relied on, and that widespread fraud therefore could not occur. Not all economists believed this – but most did.
Editors Note: This article represents a fact based analytical analysis regarding the current state of the republic in the USA along with an opinion why it is beyond the point of self correction.
The people’s representatives no longer represent the people
In order for a democracy or a republic to function, the citizens must have a voice. This essay will argue that the people have lost their voice, and will be fundamentally unable to regain that voice regardless of who is sitting in the political seats. Even the president is powerless to affect change, and is wholly subservient to the money interests who put him there.
Over the past decade, polling has shown that the American public is extremely dissatisfied with their representation in Washington. During the 8 year dominion of the self proclaimed “great decider”, public approval of congress ranged from 20% down to 12% by the end of his reign. Arguably, the approval ratings could not under any circumstances fall much lower. In fact, even among the most miserable and totalitarian regimes across the world and at any time in history, public approval ratings of the leadership were higher than in the US over the past decade.
Voters demanded a change.
The problem is that there has been no change. Mr Barak Obama, elected on a platform of change, is currently leading the effort in change=no change. At the present time Mr Obama is registering record low public approval ratings, and the latest polls are showing only 8 percent believe that Congress represents the interests of the people. Even more telling and worrisome is the data showing only 21 percent of the population feel the government has the authority to govern. So once again, we are back to great decider levels and arguably as low as possible.
Few Want Members of Congress Re-Elected, Poll Finds
By Jonathan D. Salant
Feb. 12 (Bloomberg) — Just 8 percent of Americans want the members of Congress re-elected, according to a CBS News-New York Times poll taken nine months before roughly one-third of the Senate and the entire House face voters. The Feb. 5-10 survey found 81 percent of respondents saying the lawmakers shouldn’t receive another term. By 80 percent to 13 percent, Americans said members of Congress are more interested in serving special interests than the people they represent.
Only 21% Say U.S. Government Has Consent of the Governed
Thursday, February 18, 2010
The founding document of the United States, the Declaration of Independence, states that governments derive “their just powers from the consent of the governed.” Today, however, just 21% of voters nationwide believe that the federal government enjoys the consent of the governed.
So think about that for a minute. For the past decade, under the leadership of both political parties, public dissatisfaction with their representation in congress is arguably as low as it could possibly be. How is that possible?
Lobbyists didn’t suffer a slowdown in 2009
Health industry spent $544m
By Jonathan D. Salant
Bloomberg News / February 13, 2010
The obvious problem is that the politicians in Washington, regardless of whether they call themselves Democrats or Republicans, are all bought and paid for by lobbyists and special interests. Their hands are tied. While seeming powerful, their only power lies in determining which lobbyists and special interest groups are going to buy them first. When Mr Obama was campaigning, he made a point that if elected he would address this situation, and yet a year after he was elected, lobbyists and special interest groups are two of the only thriving industries amid 20% real unemployment among the general public.
What we have now is not a democracy and not a republic.
When the people have no representation, they have no voice. We have a government today whose policies are dictated by a small group of very powerful corporations and special interest groups represented by lobbyists who lavish gifts and cold hard cash for votes on issues. These corporations and special interests throw billions of dollars annually at approximately 500 people for the express purpose of buying a vote.
It is bribery, and it is unfortunately all legal.
The reason it is legal is because these lobbyists and special interest groups are so powerful they made it legal. In a disgusting display here in 2010, these lobbyists are now so powerful they bought the Supreme Court with an unprecedented ruling that allows unlimited political contributions by corporations. Now the corporations can not only influence the vote, they can also pick the candidates.
“And the banks — hard to believe in a time when we’re facing a banking crisis that many of the banks created — are still the most powerful lobby on Capitol Hill. And they frankly own the place.” – Senator Dick Durbin 2009
Where is the press?
The media in the United States has undergone a rapid consolidation and transformation. Two decades ago there were thousands of independently owned media outlets, and guess what happened? The largest of these operators lobbied the people’s representatives to relax important rules regarding the media and monopoly behavior. As a result, instead of thousands of independent media outlets, in 2010 six mega corporations control 96% of what Americans, read, hear on the radio and see on Television. Journalists are the watchdog of a democracy. When media becomes one with the government, the people become disinformed and uninformed and a democracy cannot function.
While you were sleeping…
The people have lost their voice. The power has been transferred to the few. This is corporatism by the elite money interests. It’s not democracy. It’s not a republic. Using the correct definitions of words, it’s corporatism (fascism) or to be more correct in this case, a fascist oligarchy or plutocracy. The will of the people is of no consequence. The people are to be placated, manipulated, disinformed and entertained while less than 0.1 percent of the population make the rules and rule over them like kings. The government and big corporations are joined at the hip. The banking system controls the money and the power. The media is in their pocket. The people have lost their voice and they are not going to get it back.
The republic is dead.
I will now join good company with Thomas Jefferson, the primary architect of the US constitution who stated:
“When once a republic is corrupted, there is no possibility of remedying any of the growing evils but by removing the corruption and restoring its lost principles; every other correction is either useless or a new evil.” -Thomas Jefferson
The fundamental issue is that once power has been transferred to the few, they are not going to willingly relinquish that power. In the past decade, that has become painfully obvious and there is no one person who can stop the progression.
Tags: Economy, Democracy, republic, capitalism, death of capitalism, corruption, fraud, banking, bankster, ponzi finance, fascist, fascism, oligarchy, plutocracy, NWO, New World Order
15 Years Ago, the Combined Assets of the 6 Biggest Banks Totaled 17% of GDP… By 2006, 55% … Now, 63%
Monday, March 1, 2010
Ron Paul: The US Government’s Debt Can Never Be Repaid
Rasmussen: Mere 4% Support Establishment Political Class
April 14, 2010
Sixty-five percent (65%) of voters nationwide now hold populist, or Mainstream, views of government. That’s up from 62% last September and 55% last March. Mainstream Americans tend to trust the wisdom of the crowd more than their political leaders and are skeptical of both big government and big business (see crosstabs). While Republicans and unaffiliated voters are more likely to hold Mainstream views than Democrats, a majority of those in the president’s party (51%) hold such views. Only four percent (4%) now support the Political Class. These voters tend to trust political leaders more than the public at large and are far less skeptical about government.
Radical Concentration of Wealth is Destroying Both Capitalism and Democracy
Sunday, April 11, 2010
George Washington’s Blog
Note: If you wish, feel free to substitute the word “republic” for “democracy”.