5 replies to this topic

[china cat]

http://theeuropean-m...e-end-of-growth

"By and large, people at the World Bank were no cynics but true believers in growth, and environmental protection was seen as an impediment to growth. They had all learned from the same teachers in the same elite universities and now preached the same doctrine. They had every reason to believe they were right

[china cat]

"An increase in debt is just a numerical increase. An increase in wealth requires real labor and energy. Money can grow without limits, growth in wealth is limited by the law of entropy and the scarcity of matter and energy. It is an idiocy to get so fixated on the symbolic and mathematical side of the economy and confuse that with real wealth. Today, debt is so large that it is very unlikely that we will be able to redeem it with real growth. Where are 4.5 trillion Euros in real wealth supposed to come from? No way it is happening."

[TakeAStepBack]

There was a time when currency was based off actual matter. What we considered rare elements. Now it is buuilt off nothing except speculation.

it is no wonder we are where we are.....

[Tim the Beek]

"we need a crisis and a change of values"

Reminds me a little of a conversation in the woods in Greenfield.

[TakeAStepBack]

Yeah, thanks for chatting with me, Tim.

[Tim the Beek]

Yeah, thanks for chatting with me, Tim.

Look forward to chatting more, brehv!