Wealth and Sustainability
"Wealth comprises all the goods on store shelves, including food, clothing, fuel, matches, auto parts, flashlights, blankets, children's cough syrup, and everything else that provide the comforts of life. It also includes a roof over our heads, some working form of transportation, and perhaps most importantly, the freedom to enjoy the privacy of family life. Wealth also includes the ability to sustain this standard of living ..."
"What happened? Oil ..."
"Many of us know that something, some trigger, must eventually level the imbalances in American and global finance."
"Self-Sufficiency Is The Secret. When supermarket shelves become empty because big-time agribusiness can no longer afford the petroleum-based fertilizers needed to grow food or the gas to run the big combines, we will have to grow it again ourselves. If gasoline becomes too expensive to commute to that city job that no longer supports us, we will have to leave that sort of employment for another that does."
http://www.safehaven.com/article-5654.htm
Peak Oil acknowledgment spreading to financial sites.
The French Enlightenment physiocrats argued that only biological nature, agriculture, yielded a surplus, and that neither commerce nor precious metals were wealth.
Physiocrat and banker Richard Cantillon survived his business associate John Law's fiat Mississipi bubble, by selling before the crash.
http://www.gold-eagle.com/editorials_04/faber102004.html
http://www.safehaven.com/article-38.htm
http://www.mises.org/story/1690
Considering the next mishaps in French financial history, one might conclude that circulating money can only amount to the sustainable yield of wealth/capital, which itself cannot be sustainably monetized. As a forest cannot be sustainably cut down, only harvested. The French Revolution tried to monetize all of France's land wealth, and quickly slipped into hyperinflation.
http://www.usagold.com/gildedopinion/assignats.html
http://www.mises.org/story/1504
"What happened? Oil ..."
"Many of us know that something, some trigger, must eventually level the imbalances in American and global finance."
"Self-Sufficiency Is The Secret. When supermarket shelves become empty because big-time agribusiness can no longer afford the petroleum-based fertilizers needed to grow food or the gas to run the big combines, we will have to grow it again ourselves. If gasoline becomes too expensive to commute to that city job that no longer supports us, we will have to leave that sort of employment for another that does."
http://www.safehaven.com/article-5654.htm
Peak Oil acknowledgment spreading to financial sites.
The French Enlightenment physiocrats argued that only biological nature, agriculture, yielded a surplus, and that neither commerce nor precious metals were wealth.
Physiocrat and banker Richard Cantillon survived his business associate John Law's fiat Mississipi bubble, by selling before the crash.
http://www.gold-eagle.com/editorials_04/faber102004.html
http://www.safehaven.com/article-38.htm
http://www.mises.org/story/1690
Considering the next mishaps in French financial history, one might conclude that circulating money can only amount to the sustainable yield of wealth/capital, which itself cannot be sustainably monetized. As a forest cannot be sustainably cut down, only harvested. The French Revolution tried to monetize all of France's land wealth, and quickly slipped into hyperinflation.
http://www.usagold.com/gildedopinion/assignats.html
http://www.mises.org/story/1504