Frederick Bott
3 min readMar 14, 2023

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Indi I am sorry to see how this has gone also for Sri Lanka, I've had a few friends from there, all good folk, your country doesn't deserve the nasty things that have happened to it in recent years.
I agree with Geetch's response to you, for some very solid physical reasons which I've tried to explain to you previously but guess I didn't do a good job.
The truth is solar energy is physically opening up the old closed box system of fixed capital. This is like opening up a trapdoor under the value of capital, it is is on the verge of falling through.
You might notice both banks and utilities energy companies are beginning to fail.
Old system economists will try to say this is an isolated event, that things will return to normal after the panic dies down.
But it won't. Actually it has to accelerate, because money is coming to represent nothing now that production of energy is moving from big industry extracted energy, to domestic and community solar.
This changes everything, no longer will capital be something that gives and retains political power, becauae capital is being devalued by the addition of capital created from the free Joules of solar.
Imagine trying to sell oil in a world where everyone has hydrogen fuel, that they have in effortless abundance, for free, from solar as a by-product and even food (See "Solein").
The UK government is currently not acknowledging that at least 500Bn is owed to the UK public, for the historical economic product created by solar, since 2005.
In 2022 alone it was 50 Bn.
Isn't it interesting this was the amount identified most recently as the current "Black hole" in the UK economy.
I wrote a story showing how to prove it is not actually the public owing this money, it is actually money owed to the public.
They can't be blamed for not seeing this technically, even most scientists will struggle to get their heads round it because it is not something generally taught in physics, or in economics, it is a multisciplinary System analysis, which is my speciality as a Systems Engineer.
They forgot to mathematically sign energy, positive from the sun, negative from anywhere else (ie by extraction).
Tracing that through to all causes and effects reveals that the money missing is not money owed by the public, but money which failed to be issued on the solar product created and put to use in the UK economy.
A similar problem exists in all developed countries, except maybe China, where the government already owns pretty much all solar facilities, but remember they do issue effectively free money, which might let them off the hook a little from having to issue an amount large enough to affect the value of capital.
When news of the Sri Lanka money problems first started to appear, it seemed obvious to me they could very quickly fix their problem with maybe grants to purchase and construct solar facilities.
But it has to be donated with nothing asked in return, to be worth a fixed number of Joules of solar energy per token.
I don't see any way around this, no matter what plans the IMF has to capitalise from Sri Lanka, none of it will happen because money is devaluing more rapidly than will support armed forces for more than another few months.

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Frederick Bott
Frederick Bott

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