How Conmen Work

Important LENR news

October 11, 2015

Good to hear from AIAS Fellow Dr Steve Bannister, assistant professor in the Department of Economics, University of Utah. I think that AIAS / UPITEC should study this carefully and also make the author aware of UFT 226 ff. on LENR. It is now possible to apply several new aspects of ECE and ECE2 to LENR, and I think that Douglas Lindstrom is keen on this. The evidence for LENR is overwhelming, and I think that ECE is a unified theory that gives the best explanation, in terms of energy from spacetime.”

… and in this we also include economists, of course. What causes the world’s great ‘bubbles’ and crashes? Unwise investments which economists are either unable to spot … or do not wish to block. Who had the bright idea of selling houses to ‘sub-prime’ people who could not really afford the mortgages? Who invented the magical trick of ‘separating the money from the risk’ by financial sleight-of-hand? OK, so that was probably accountants* … but they all work hand-in-glove against the general public. They call economics ‘the dismal science’. It is not: it is a dismal pseudoscience. And here we have a practitioner who has a second strike against him: he is a follower of the super-crank, Ron. And he comes with a sales spiel from notorious cold-fusion crackpots. The layman really has to get to grips with the idea that the possession of a doctorate does not guarantee scientific rectitude, and that ‘high-tech’ companies cannot be trusted to exhibit scientific caution. The layman often reasons that money cannot be made out of a scheme that cannot work, and that therefore financial investment is a sure sign of genuineness. Untrue. When the original cold fusion press conference was held there was a short sharp peak in the metals market. Anybody who knew about the announcement beforehand, and who also knew that the research was incompetent, could have made a fortune by buying metals options just before the announcement and selling when the frenzy was at its height (a situation predicted by Langmuir’s criteria for pseudoscience, by the way). Readers should study that attachment. They should look in particular at the ‘list of granted patents’. That is a favourite bit of ‘sleight-of-mouth’ by conmen. Yes, some of them have been granted. Others have simply been published (which is normal, no matter how ridiculous the idea). The first patent, by Rossi, has been granted. Hooray! But it is just a routine heating device (Boo!) and does not specify the heat source; details of course which Rossi will embellish in his news bulletins (Hooray!). The Mitsubishi patent hints vaguely at LENR (Hooray!), but has not been granted (Boo!). The Cravens patent has been granted, but promises only increased alpha-particle emission thus allowing it to slip past the examiners (Hooray!). By the way, Cravens was one of the ‘experts’ who inspected the Stanley Meyer ‘energy-from-water’ device and found it good. Meyer was later indicted for fraud … just before he was about to appear at the House of Lords! The Miley patent is for a gas-burner. It has been granted, but no clearly anomalous claims are made (Boo!). No doubt those claims will be imputed later by the likes of Bannister (Hooray!). The same pattern is found for the other patents: useless and ungranted or granted and unsurprising. This sort of thing is endemic in society … and can even kill. Remember the James McCormick who made £55M by selling golf-ball detectors to the military but calling them explosive detectors? His company is still worth £1.8M (and rising) and academic papers by ‘experts’ (published by IEEE!) were still failing to query his devices, even after his conviction. Bear this in mind, when you hear from experts who are offering easy solutions.  

*Note added, 14/10/15 It was discovered a few years ago that £80B of the UK’s income is fictitious. It is calculated on the basis of how much money could be earned by renting every house in the country. Get it? Every house!  The investigator won a prize for discovering that but, for some reason, the news never got into the popular press.  


2 Responses to “How Conmen Work”

  1. ConcernedSort Says:

    Careful, bringing economics and the history of their predictive capabilities might well make Nassim Taleb’s “The Black Swan: The Impact of the Highly Improbable”, or Thomas Piketty’s “Capital in the Twenty-First Century” quite pertinent. The slippery slope into politics is not far away, although good science is a quiet and powerful contributer, unlike somewhat noisier contributions from others, lacking any power.

    • crackpotwatch Says:

      One of us has read Taleb’s works. He says that he cannot understand how or why they became so popular. He says that The Black Swan is the sort of book, like Das Kapital or Mein Kampf, that one brandishes rather than reads.

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