Posted on 08/01/2011 8:57:31 PM PDT by Kevmo
An A.R. Editorial
INNOVATION IS THE ONE WAY OUT OF OUR DEBT CRISIS
by Joe Shea
AR Correspondent
Bradenton, Fla.
BRADENTON, July 16, 2011 -- I was asked at McDonald's this morning by a few older guys how America could possibly ever recover from a $14-trillion debt load that already eats up 6 percent of our nation's budget. I was able to reply in a single word.
"Innovation" is that word
When was the last time America enjoyed a balanced budget? Under Bill Clinton in 2000, the Internet's extraordinary usefulness for everyone from a giant investment bank to a little guy like me started becoming apparent far beyond Silicon Valley. The vast new tax revenues it brought in spurred huge economic growth, and the giant companies it created remain among the strongest there are.
But can we invent another Internet? The answer to that is yes, although it won't be a communications system. Instead, it will be a low-energy nuclear reaction (LENR) device that reduces the cost of energy close to zero. NASA leads the world in this research and has already developed a testable theory and product design that fully explains it.
Here at The American Reporter, we've been enthusiastic about a number of potential solutions to the problem of energy consumption. Currently, the cost of fossil fuels - even before the amount they cost to clean up, or to survive without cleaning up - is probably a substantial percentage of the $14 trillion national debt.
Dennis Bushnell, one of America's most distinguished scientists, could help revolutionize the energy paradigm through his work on low-energy nuclear reactions, better known as cold fusion. Photo: Sean Smith
ExxonMobil, you may remember, became the first company in history a few years ago to have revenues of a trillion dollars in a single year; even with profits in the tens of billions, though, it has not been a net payer of taxes (neither am I) since then. Citigroup not long after was the first to have net assets of a trillion dollars, which have since been enormously impaired by ther sub-prime crisis it helped bring about. Those two companies alone, then, suggest that all of America's great corporations, when put back to work and paying taxes, can alleviate our debt burden.
But what we really have to hope for is a breakthrough on the real next frontier: energy. That is why on our front page today we have a video on work being done with a device much like the five-year "cold fusion" experiment of Drs. Stanley Pons and Henry Fleischmann revealed in 1989.
And we must offer a caveat: If another nation that is not inclined to share the science solves the cold fusion riddle before we do, the result could be total ruin for the American economy. If we are forced to compete against an industrial nation that pays almost nothing for energy, every dimension of our economy would suffer. That is one reason why these American-based devices - the ones we know about - need to be completed and become part of the public domain.
This time around, some of the most important work is being done not by figures unknown to the public but by the Chief Scientist NASA's Langley Research Center, Dennis "Dan" Bushnell. It would be fitting indeed if the cold-fusion breakthrough that is coming would come from NASA, just as the Internet itself came from the Defense Advanced Research Projects Agency, DARPA, and ultimately belonged to the taxpayers of the United States.
"I think we're almost over the 'We don't understand it' problem. I think we're almost over the 'This doesn't produce anything useful' problem. And so I think this will go forward fairly rapidly now. And if it does, this is capable of, by itself, completely changing geo-economics, geopolitics, of solving quite a bit of energy," Bushnell told researcher J. William Monroe in May.
Bushnell's work runs in parallel but doesn't try to replicate that of Andrea Rossi, a non-scientist who is an entrepreneur teamed with retired Prof. Sergio Focardi of at Italy's prestigious University of Bologna, one of the oldest in the world. If you scroll down far below the current stories and news links to the videos on the American Reporter home page, you will meet Nobel Laureate in Physics Brian Josephson and his friend, Prof. Margaret Driscoll of the Material Sciences Laboratory in Cavendish College at Cambridge University - possibly the single most prestigious academic laboratory in the world.
With Driscoll asking the questions and Josephson answering - interpersed with video of the working devices that power a substantial factory in Bologna today - you will be introduced to the E-Cat, which is short for the cold fusion Energy Catalyst, of Rossi and Professor Focardi, who is retired from the university's physics faculty.
The device they are using to heat their independent lab is being prepared by a Greek firm, Defcalion Green Technologies, for the mass market in October 2012. It will reportedly sell for about $2,000. Its advent is almost upon us, and the mass media have not a clue. Events both terrible and bizarre may intervene - remember, the Exxon Valdez ran aground within a day of the announcement of cold fusion, which would make oil unnecessary except as a lubricant.
So, some disaster could certainly wreck these plans, such as a massive earthquake in Greece or a fire that destroys the factory or a scientific scandal, but if all goes reasonably well people will soon no longer be paying very much for electric power. The trillions of dollars that now go to huge hydroelectric dams, dangerous nuclear reactors, explosive natural gas projects and vast coal-fired power plants will go elsewhere - mostly into the pockets of ordinary people. The same is true of Bushnell's device. It has the same capacity to change the world.
Another device, known as CIHT, or what might be called a "hydrino" reactor, like Rossi's uses a proprietary nickel-based catalyst to knock a photon out the electron orbit of a hydrogen atom and in so doing produce tremendous heat that can be directly converted to electricity for homes, cars and factories.
That work, by Dr. Randall Mills of BlackLight Power in Cranbury, N.J., recently was validated in part by the Harvard Center for Astrophysics, which recorded emissions of energy below the ground state of hydrogen that Mills has long asserted would exist. Search on our home page by using Control + F to find the word "hydrino," and you won't be disappointed.
Mills' work has to overcome not only the objections of scientists but his own personality, and for that reason may be the last of these three to appear and be deployed. He has also questioned the science behind the Rossi-Focardi device, even as his own hydrino theories been questioned. Yet behind all three devices is a literal host of very similar ones that offer the same evidence of excess heat and the same promise of cheap energy for the world (see the "60 Minutes" video on this page). If their own personal idiosyncrasies don't undo or destroy them - these scientists are neither perfect nor saintly - you can be assured that espionage aimed at securing the secrets of these devices for America's foreign competitors is always underway. Oil companies that fear such a breakthrough - even as they try to achieve them in secret - will work in myriad ways to prevent the work of others from ever seeing daylight.
Like those before him, Andrea Rossi is vulnerable and unprotected by patents. His broken English, lack of advanced degrees and lack of patents, however, have spurred him to mass produce the E-Cat device on a mass scale before anyone else gets protected patent rights. Like the other two hydrogen-based devices, its fundamental fuel is water transformed to hydrogen, and for the time being that remains as free as the rain and the sea. Success will mean ruin for ExxonMobil, ChevronTexaco and the entire petroleum industry, and wonderful things for the rest of us.
Should NASA complete its journey - there's not been much news since top scientists reported in 2009 that they had completed designing their device and were ready for fabrication - or should Rossi and Defcalion or Mills finally deliver, this world will change very quickly. The systems are all inexpenive to make, and millions of them can be marketed in the space of a year. If the savings prove as advertised, all of the world's energy and climate problems will be up for grabs, and the economic boost from savings by energy consumers will be unimaginably vast.
The evaporation of the fossil fuels industry will indeed be a "disruptive" event, as Wall Street would term it, and millions of jobs in the petroleum industry will disappear. At the same time, tens of millions of jobs will be created by the deployment of cheap energy devices of any character that works. Vast factories will be needed to assemble any of the hundreds of devices that will come unpatented to market. Legions of installers will be needed to deploy them.
But the persistence of the cost savings, which in the case of the Internet dwindle away over time, will be of long duration, and cheap energy will eat debt like a cow eats hay. With these innovations, the black cloud that hangs so ominously on the horizon today will dissipate. But the American people have a role to play: they must awaken their attention to the power of these devices to save them money and change their world, and ensure that their political leaders do nothing to block their way. That is a harder task than it seems.
Resource: (For the very sophisticated astrophysicist): A slide show on the latest in LENR physics, June 2011.
sections to this interview: Part 1 ; Part 2.
http://www.freerepublic.com/tag/coldfusion/index?tab=articles
link to article
http://www.american-reporter.com/4,256/10.html
The Cold Fusion Ping List
http://www.freerepublic.com/tag/coldfusion/index?tab=articles
Zatso? We’ve been trying to get a innovation based start-up funded for years.
Of course innovation is key, but who wants to spend the time and take the risks when the government gives every indication that it will put road blocks in your way, and punish you if you are successful?
The last country that got itself in a strategically hopeless situation and had nothing left but hope of innovation to redress its losses on the battlefield was Nazi Germany in 1944. After screwing up royally all the German leaders can tell their people was pin their hopes on German science and new wonder weapons. Germany lost. Old Asian saying - “before you plan to defeat another country, make sure your nation possess the ability to be unbeatable”.
So our best elite minds think the only hope left to the huge debt and economic depression is more debt and hope that innovation will dig us out?????!!!!
cool tagline
So our best elite minds think the only hope left to the huge debt and economic depression is more debt and hope that innovation will dig us out?????!!!!
***Did you even read the article?
Heck, Obama said we need people out there “inventing stuff”. Then he can send in the EPA, NLRB, DOJ, and Commerce Department to destroy it before it gets off the ground.
How? This is the answer:
1. Federal budget to pay the interest on it’s debt ($700 billion)
2. Pay $300 billion towards the debt, buying back bonds from foreign buyers
3. Spend no more then $1 trillion on the federal budetary items
This would consume the $2 trillion in tax revenue the bring in
Want more spending money? There is only one source... foreign investors/ customers buying/investing in America
To make America competitive enough to attract those foreign dollars... drop taxes so their prices work.
The dropped taxes would also increase funds in the pockets of Americans... opening the possibility of increased innovation which would lead to potential future products which could also attract foreign dollars
It's hard to find investment capital when you have to compete with a federal government that is demanding $1.6 trillion annually. Just think what our economy would do if that much was available for the private sector instead.
It's hard to find investment capital when you have to compete with a federal government that is demanding $1.6 trillion annually. Just think what our economy would do if that much was available for the private sector instead.
Pretty much. And what idiot would invest in a company in Obama’s America?
No it isn’t. Read Atlas Shrugged. The root problem with the Left is that they want to CONTROL every life on the planet Earth. That means controlling the productive output (money) of every single person. No innovation, even free energy, will solve that problem, they’ll just take control of it.
“Innovation””
“We haven’t changed the mortgage industry - we’ve revolutionized it”
—Argent Mortgage
Hmmmmm.
And they threw all their golden thingees into the fire and worshipped the New and Improved(tm) Thingee that came out.... AGAIN.
“Ooooops”
—Moses
A leader could change the future of the United States for the next 100 years in a positive way with the stoke of a pen by doing two things:
1. Divert only a portion of a NASA like budget to LFTR (Thorium) reactor commercialization.
2. Wean this country off of entitlements on a sliding scale with those over 55 receiving 100% of the Social Security and Medicare benefit and all others receiving between 100% at 55 down to ZERO% of the benefit at 18 and levy tax for these in the same way.
3. Making welfare net less pay / support than working.
4. Destroy the tax code and replace it with a simpler tax, by any name you may choose to call it, that ALL pay once each quarter by check.
None of this will ever happen in my lifetime.
Correction
FOUR things!!!!
1. Divert only a portion of a NASA like budget to LFTR (Thorium) reactor commercialization.
***I just lost a lot of respect for the Energy from Thorium crowd.
http://www.energyfromthorium.com/forum/viewtopic.php?f=2&t=3206&hilit=cold+fusion
http://www.freerepublic.com/focus/f-news/2731436/posts
I’ve asked before, If we can have a TEA party, why can’t we have a TEA economy? Why can’t fractional reserve be taken away from the fed and deployed in the states?
Yes, I know the answer: no state shall print currency but it can coin gold and silver (paraphrased). Well, why don’t we and let the derivative markets take it from there?
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