http://www.businessinsider.com/jeremy-g ... ces-2011-6
Legendary investor Jeremy Grantham of GMO has published a treatise on the root cause of exploding commodity prices.
He has also offered a startlingly depressing outlook for the future of humanity.
Grantham concludes that the world has undergone a permanent "paradigm shift" in which the number of people on planet Earth has finally and permanently outstripped the planet's ability to support us.
Specifically, Grantham says, the phenomenon of ever-more humans using a finite supply of natural resources cannot continue forever--and the prices of metals, hydrocarbons (oil), and food are now beginning to reflect that.
In other words, Grantham says, it is different this time.
Disaster ahead
Moderator: Peak Moderation
Disaster ahead
Rich, is not about having the most, but needing the least.
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UndercoverElephant
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Re: Disaster ahead
Or....Malthus was right after all....tymeric wrote:http://www.businessinsider.com/jeremy-g ... ces-2011-6
Legendary investor Jeremy Grantham of GMO has published a treatise on the root cause of exploding commodity prices.
He has also offered a startlingly depressing outlook for the future of humanity.
Grantham concludes that the world has undergone a permanent "paradigm shift" in which the number of people on planet Earth has finally and permanently outstripped the planet's ability to support us.
Specifically, Grantham says, the phenomenon of ever-more humans using a finite supply of natural resources cannot continue forever--and the prices of metals, hydrocarbons (oil), and food are now beginning to reflect that.
In other words, Grantham says, it is different this time.
It never ceases to amaze me what a large proportion of the population believes that Malthus has already been proven (by history) to be wrong. He thoroughly failed to anticipate the relevance of fossil fuels, but that doesn't change his overall hypothesis - sooner or later the population will expand to way beyond the sustainable level of food supply, followed by a die-off. He was wrong about the timing, and wrong about the scale of the boom, but he wasn't wrong about what goes up must eventually come down.
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2 As and a B
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ziggy12345
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Blue Peter
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Lord Beria3
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http://www.gmo.com/websitecontent/JGLetterALL_1Q11.pdf
Here is the link to the treatise - a very good report into the long-term future of resources.
Here is the link to the treatise - a very good report into the long-term future of resources.
Peace always has been and always will be an intermittent flash of light in a dark history of warfare, violence, and destruction
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UndercoverElephant
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Eventually, the Andromeda galaxy will slam into our Milky Way....Blue Peter wrote:Can you slam into anything really, really slowly?ziggy12345 wrote:If you slam into a wall really, really slowly, it doesnt hurt
Peter.
http://www.youtube.com/watch?v=dJRc37D2ZZY
....sort of.
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ziggy12345
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Re: Disaster ahead
Indeed. The Malthus-haters are probably the same people who rubbish the Club of Rome/Limits to Growth.UndercoverElephant wrote:It never ceases to amaze me what a large proportion of the population believes that Malthus has already been proven (by history) to be wrong. He thoroughly failed to anticipate the relevance of fossil fuels, but that doesn't change his overall hypothesis