At some point, we'll reach a carrying capacity in agriculture, resources, etc., but I don't see any signs of being close to that in those sectors today, with the exception of the planet's abiality to handle gaseous emissions.
How true is this?
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At some point, we'll reach a carrying capacity in agriculture, resources, etc., but I don't see any signs of being close to that in those sectors today, with the exception of the planet's abiality to handle gaseous emissions.
Could be, assuming the resources of today are the resources of tomorrow. In 100 years the farmer and agriculture commodities could be obsolete or in serious decline. The same thing with our current energy sources.
Duck Rodgers
Well-Known Member
I think you should read this book to help tune you up correctly:
Then maybe take a trip to Malibu and stick your head in the sand. No actually, I think you should continue reading whatever you were reading before, continue looking at all the money you are making in silver, and then come to Jazzfanz for a nice laugh.
I can see room for increase in agricuture production. Is that what you meant? Since the earth's population is still increasing overall, I don't see the need for food decreasing. Or, perhaps you meant agriculute mre specifically than generating food.
While our energy sources certainly can change, we will still run up at some point against the limits of a finite planet and a finite amount that can be derived from the sun. Again, I'm not saying we are close to that now.
The technology is very real and very productive. Finance drives the growth by providing a means of exchange. Take the paper away and the populace could quickly export all their gold, and find economic hardship as barter is extremely inefficient. Reading and becoming aware of what Benjamin Franklin realized in his pre-revolution days was a real eye opener in my economic coming of age. I always suggest finding a pamphlet or two on his thoughts regarding the importance of fiat paper. The ins and the outs of the current system sort of evolved in my mind from that point on.
I don't know if it's specifically a byproduct, but the technology won't go away if the finance does.
One Brow! I was just about to put out a call for your MIAA (MIA ***). I tell you what, if we live long enough to see the sun become the limiting factor then I'll buy you a steak dinner from only the finest flatulence producing cow, smoked, and eaten under non-curly bulb lighting.
I think you should read this book to help tune you up correctly:
Then maybe take a trip to Malibu and stick your head in the sand. No actually, I think you should continue reading whatever you were reading before, continue looking at all the money you are making in silver, and then come to Jazzfanz for a nice laugh.
All one way thinkers who have bought into a rigid paradigm and believe that they have solved the equation eventually blow up in the markets, you will be no different. You are woefully uneducated in how markets, economics, and finance work. I don't give this advice lightly, I have learned the hard way and seen others pay even bigger price thinking the same way you do. Believe me, you know one tenth of what you think you do and it will cost you significantly one day in both monetary and personal anguish.
Duck Rodgers
Well-Known Member
I invented the way I trade, so no, it's not possible for me to get blown up like everybody else, genius. You're Mr. Charter Group Think, not me. When have you ever been right about anything that has to do with economics? Definitely not the 5 years or so that I've been year. Your track record should destroy your credibility.
You're the one trying to equate Derivatives and "financial innovation" with production. No statement on this site has ever been so amateur. Get the **** outta here old man.
I kind of did have it coming.
Duck Rodgers
Well-Known Member
You know I'm just messing with you. I do enjoy your posts and reading your thoughts on this stuff, even if you don't mine. I don't question that I have a ton yet to learn.
Just you guys telling Vinny to go read around and become more optimistic reminds me of when I first jumped into the markets and was reading Yahoo finance stock message boards every day and they would change my mind on things that I knew they were wrong on and I'd make crappy trades. Not that Vinny isn't smart enough to stick to his guns, it just struck a cord with me back to those times.
I know you are. I enjoy your posts. I actually over stepped my bounds and felt bad about slamming you unfairly. My mistake and my apologies. On a serious note, isn't pumping gold and silver and still being wildly convinced of their invincibility the same thing as Glassman touting equities after a multi year run up? That is how I should have originally challenged you.
It is unless you are a member of the 100% sure LDS crowd who has been told time and again by the holy spirit that your message must be spread to "wake up" the sleeping masses.
(I have a feeling you get this Duck, but in case you don't and I've crossed the line then please consider it sarcasm and intended to be humorous)
Actually, franklin, even though I can relate to the absolutist LDS impulses, I think the BAC is more of the genre. To me, a lot of LDS are pretty closed to input, but it's amazing to me how vested they are in the authoritarianism of our oncoming governance schemes. So surprizingly few LDS are really out there trying to spread the "alarm", in stark contrast to the BAC absolutists. In both political and religious matters.
Not sure how this relates exactly to this thread, except in general observation of people's set points of expectations. Mormons have a very high socialist expectation set and accordingly accept more socialist governance, as a matter of duty. Leaders are supposed to take care of the sheep. And it's OK to be sheep.
And, oh, now I see how to connect it all. Mormons are "progressive" in their expectations of technology, too.
I'd be surprised if my grandchildren (I should have at least a couple before it's over) live that long. Still, wouldn't setting up ideas for that eventuality in a long-term fashion be a great present for our great-grandchildren?
Duck Rodgers
Well-Known Member
I think there was relation between what Glassman was saying, which was essentially that everybody else was a dummy and wrongly evaluating stocks and by his metrics the DOW should be that high already, and when people talk about price suppression in the precious metals markets and how gold should be 2000/oz right now or whatever. But I don't think Glassman was necessarily buying into a mania, and neither is the precious metals crowd. Glassman was the catatylst for his theory. If the majority of people didn't buy into his theory, it was a total impossibility. He was trying to become the next Peter Lynch. He wanted everyone to buy into his intellectual side.
As for the metals, we just have completely different views on the destruction that derivatives have done. I don't believe central banks across the world can stop stimulating without putting the whole financial system in peril once again. I think we are dealing with zombie banks, with the Fed being one as well. I've never been betting on the intrinsic value of the metals themselves. They're just vehicles to me. If I'm wrong, I get to sell into good times, right? How hard is that? What do you think is going to crash the precious metal markets at this point?
Does claiming that there is going to be a dollar rally fall under this?
I know all I need to know about gold prices when there are 10 different companies telling me (via TV commercials) how great an idea it is to buy their gold from them constantly. Why spend millions of dollars trying to sell something that is going to double in price in the next few years? Gold is close to it's peak. Sell! Sell! Sell!
PearlWatson
Well-Known Member
It isn't just kids who can't handle life without their gadgets. If adults aren't watching sports or shows, they are playing video games, or playing on their laptops, or talking/texting on their phones, or goofing on the internet. The sad thing is that adults don't have someone to bring them out of their self imposed gadget stupor.