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Re: JEREMY GRANTHAM: We're Headed For A Disaster Of Biblical Proportions 

By: fizzy in ROUND | Recommend this post (1)
Tue, 14 Jun 11 4:51 AM | 43 view(s)
Boardmark this board | De's Test Board 		Msg. 33430 of 45644
(This msg. is a reply to 33426 by Decomposed)
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I mostly wonder why he doesn't mention Ponzi monetary policy as a factor but jumps right to peak everything. It may be peak everything but it bothers me when an obviously really bright bulb in the know doesn't discuss the OTHER possibility for the elephant in the room.

If YOU could buy as much of everything in the world for nothing -- or with a zero interest loan in a rapidly inflating currency -- and you noticed there were players all over the world also printing and also borrowing at zero interest, what would YOU do? How predictable, in a world of growing population and 3rd world build out, would be escalating prices in everything real?


I have come to realize that men are not born to be free. Liberty is a need felt by a small class of people whom nature has endowed with nobler minds than the mass of men. -Napoleon


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The above is a reply to the following message:
JEREMY GRANTHAM: We're Headed For A Disaster Of Biblical Proportions
By: Decomposed in ROUND
Tue, 14 Jun 11 12:32 AM 		Msg. 33426 of 45644

JEREMY GRANTHAM: We're Headed For A Disaster Of Biblical Proportions

Henry Blodget | Jun. 13, 2011

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.

Grantham believes that the trend of the last 100 years, in which the prices of almost all major commodities have steadily declined, is permanently over. And from here on in, humans will be competing more--and paying more--for ever-scarcer resources.


Full story: http://www.businessinsider.com/jeremy-grantham-commodity-prices-2011-6#ixzz1PBNLU1DQ

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