Just been reading about the exciting news coming out of Brazil:
Inventors Nilson Barbosa and Cleriston Leal, of "Evolutions in Energy" (Evolucoes Energia) in Imperatriz - MA, Brazil, are claiming to have a commercially available, self-powered system for electricity generation.
They call it the "Earth-electron captor" or the "free-space electron captor" electrical generator, depending on how it is configured. Apparently, it is a system with no moving parts, no noise, which can be self-looped and mobile.
On their home page, they say that they have a unit commercially available that produces 39.6 kW at 220V while consuming just 440 W from the grid. That's enough to hand the peak load of two typical US homes. The pricing is not listed on their site.
We are told the economy is recovering, we are told not to worry. "All is well, we are seeing the recovery now", I have been hearing and reading words like these for some time now. I think I'd need to be on drugs to believe this message.
How can there be a debt problem in a monetary system that relies on the creation of debt to facilitate the creation of new money? If debt is a problem and is considered generally to be a problem in the world of banking, money and political finance then it seems like a devastating error to have made it a part of the actual process of creating money in the first place. Of course debt is a problem when it is an integral part of the finance process.