GRANTHAM: We’re Headed For A Disaster Of Biblical Proportions

Henry Blodget
BusinessInsider.com
Nov 21 2012

Last year, legendary investor Jeremy Grantham of GMO published a treatise on exploding commodity prices.

He also offered a startlingly depressing outlook for the future of humanity.

Grantham believes the world has undergone a permanent “paradigm shift” in which the number of people on Earth has finally and permanently outstripped the planet’s ability to support us.
The phenomenon of ever-more humans using a finite supply of natural resources cannot continue forever, Grantham says–and the prices of metals, hydrocarbons (oil), and food are now beginning to reflect that.

The Rest…HERE

This entry was posted on Wednesday, November 21st, 2012 at 3:22 pm and is filed under Economics, God Help Us, Government Evil. You can follow any responses to this entry through the RSS 2.0 feed.