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Giant Microwave Turns Plastic Back to Oil
An anonymous reader writes "From the newscientist article: "Key to GRC's process is a machine that uses 1200 different frequencies within the microwave range, which act on specific hydrocarbon materials. As the material is zapped at the appropriate wavelength, part of the hydrocarbons that make up the plastic and rubber in the material are broken down into diesel oil and combustible gas.""
These numbers are attributed to Jerry Meddick, director of business development at Global Resource Corporation. I'd guess mr. Meddick originally said to the reporter "running 20 pounds of ground-up tyres ... produces 1.2 gallons of diesel oil, 50 cubic feet of combustible gas, 2.2 lb of steel, and 7.5 lb of carbon black", using units he's familiar with.
Okay, a publication calling itself scientific is not going to publish figures in non-SI units. I appreciate the effort of conversion, but it's not much better to publish figures in "base 0.454", as it were. Reading in base 10, the above quote best represents (in a roundabout way) the steel yield of the machine: to get 1 kg of steel, put in 9.1 kg of ground-up tyres.
What if you want to express the total yield per unit of ground-up tyres? Use a unit amount or a power of 10 amount of tyres and calculate the rest from that:
For every 10 kilograms of ground-up tyres, the Hawk-10 produces 5 litres of diesel oil, 1.6 cubic metres of combustible gas, 1.1 kg of steel, and 3.7 kg of carbon black.
This is much easier to comprehend: if a ton (1000 kg) of ground-up tyres were delivered to a Hawk-10, it would produce approximately 500 litres of diesel oil, enough to run my 1999 Ford Focus on my 100 km per day commute 5 days a week for 20 weeks.
Now, where's that microwawe...?
Usage: km/h for speed (kilometers per hour); kph for very slow impulses (kilopond hours).
That sounds to me like a recipe for high inflation. After all, the only thing that causes inflation, is inflation: things get more expensive so people demand a pay rise, and then having to pay workers more makes things get more expensive.
Actually not. Money, is a commodity.
It acts just like any other commodity. If there's too much coffee, the value decreases. Money works in exactly the same way. Inflation can only occur if there's too much money in the economy, the value of the individual dollar/pound/euro decreases and everything else appears to increase in cost. All that's happening is that the currency is devaluing, which you then see on the currency markets as well.
The dirty little (non) secret of our current monetary system is two fold. First, "the national debt" and second "fractional reserve banking".
The first point is that the government and central bankers create money from nothing and create a national IOU to balance it. The government borrows money from the bankers and they write down this debt and demand interest on it. The money has been borrowed into existence. This money is then paid to government employees, contractors, suppliers etc where it enters the economy.
The second stage of this is the fractional reserve banking system. This is perhaps the biggest scam ever created. The fractional reserve banking system allows commercial banks to loan out to people more money than they have in reserve. Hence "fractional reserve" Typically they can loan out up to 20 times more than they have in deposits. That is they only have to have on hand about 5% on average of what they are allowed to loan out.
So this money comes from the government national debt, into the economy, lands in the banks deposit accounts and is then multiplied about 19 times as loans. 95% + 95% of that 95% and so on till it reaches 0. It's a recipe for creating both massive debt and massive inflation.
Which the central banks and government attempt to control using the base interest rates. Essentially what it does is divide society into the creditors and the debtors. Every dollar that someone owns is one dollar's worth of debt, owed by someone else. There are other implications also with constantly and repeatedly paying 5% interest on money.
1. The bankers will ultimately be the sole and inevitable owners of everything. They set the rules of the game years ago.
2. Everyone has to work an extra 5% harder each year for their cash, because they have to try to pay this debt. This has implications for everyone and everything. All businesses, taxpayers must constantly expand their efforts by that 5% every year to service this interest. Think about it. This is an exponential increase. 100%, 105%, 110¼%, 115¾%, 121½% and we have to try to keep up. It explains why capitalism has become so rapacious. The debts have to be serviced and to even pretend to do so requires an exponential increase in the economy.
3. The debt can never actually be paid. There isn't enough money in existence to pay of the debt, ever. Because of the interest on the initial creation of the money. You borrow $100 into existence but owe $105 at the end of the year, the extra $5 doesn't actually exist, it was never created, so you borrow some more. And so we divide into the people who have managed to pay the debt and people who are saddled with mounting levels which are literally impossible to pay.
It didn't used to be this way. A trade used to mean that two people exchanged something of value. A chicken for a duck. Both of them benefitted. Even when money came along, it still meant that both parties benefitted, they were exchanging items they valued more, a chicken for a dollar, it wasn't required for someone somewhere to lose out. That all changed during the last century. Our money became debt based. Every dollar/pound/euro/yen/yuan required a debt, paying interest to the bankers, interest on money they created from nothing.
It can actually be narr
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