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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (23703)	10/21/2009 11:37:28 PM
From: NOW	Respond to of 71406

you mean to say it wont?

To: Wyätt Gwyön who wrote (23703)	10/22/2009 12:46:52 AM
From: RJA_	Respond to of 71406

>>instead they square the circle through a kind of magical thinking which assumes technology [BA -- and religion] will always save the day.

To: Wyätt Gwyön who wrote (23703)	10/22/2009 2:14:29 AM
From: benwood	Read Replies (2) \| Respond to of 71406

1000 dollars invested 700 years ago at 1% would only be about million dollars. Remember that at 1%, the doubling is in 70 years, so after 70 years, you have 2 gold coins, and after 140 years, you have 4, etc. I think the vast majority of our wealth today is because of cheap energy. If that continues to end -- no significant breakthrough on a scale and at a price to replace oil is anywhere close yet -- then our standard of living will contract, and quite possibly our population along with it due to a collapse in food production, yields, and/or transportation.

To: Wyätt Gwyön who wrote (23703)	10/22/2009 8:23:20 AM
From: carranza2	1 Recommendation Read Replies (2) \| Respond to of 71406

Bernstein's ultimate conclusion, that "[s]ince the capital markets and knowledge base are the most 'scalable' of the four input factors, capital- and knowledge-intensive postindustrial societies should sustain the highest growth," is open to substantial doubt. A very large part of the globe cannot even charitably be deemed post-industrial. Capital markets, well, we've recently received a brutal education on their weaknesses. What to Bernstein may seem scaled to me looks leveraged.