Phat Unplugged

I got to "sic" Percy! Or perhaps that's the French version of GDP.The above quoted is probably true, but it kind of sounds like a Ponzi scheme to me.A growing economy seems to require a growing population and especially a growing use of resources. To keep thing going, we need to ever produce more crap. Somewhere down the road there's going to be an implosion???

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Moose

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Edited by Minnemooseus, : Typo "Poczi" fixed.

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"IF YOU DON'T WANT POLITICS GETTING INTO CRIMINAL TRIALS, DON'T LET CRIMINALS GET INTO POLITICS" - Moose

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Professor, geology, Whatsamatta U
Evolution - Changes in the environment, caused by the interactions of the components of the environment.

"Do not meddle in the affairs of cats, for they are subtle and will piss on your computer." - Bruce Graham

"The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness." - John Kenneth Galbraith

"Yesterday on Fox News, commentator Glenn Beck said that he believes President Obama is a racist. To be fair, every time you watch Glenn Beck, it does get a little easier to hate white people." - Conan O'Brien

"Politics is not the art of the possible. It consists in choosing between the disastrous and the unpalatable." - John Kenneth Galbraith

It says something about the qualities of our current president that the best argument anyone has made in his defense is that he didn't know what he was talking about. - Paul Krugman (as stolen from Chiroptera's signature)

"My fellow Americans, I'm pleased to tell you today that I've signed legislation that will outlaw Russia forever. We begin bombing in five minutes" - Ronald Reagan (1984)

"I know a little about a lot of things, and a lot about a few things, but I'm highly ignorant about everything." - Moose

You didn't respond to the part that I've now "bolded".So the per capita GDP is also growing. Which means the that per capita GDConsumption is also growing. So the economy is based on ever growing use of resources to support ever growing production and consumption (and waste disposal). Over growing production and consumption. Wallowing in production and consumption far beyond practical needs.A lot of production of what amounts to landfill bound waste.In medicine there's a term for uncontrolled and excessive growth - CANCER. We operate in a cancer economy.Moose

So, thrash the Earth, if it keeps the economy working? I guess that also includes not being concerned about global warming / climate change. But the functions of humanity does seem to be a disease inflicted upon the Earth's resources and ecology.Maybe relevant? -
Behavioral sink - Wikipedia This Old Experiment With Mice Led to Bleak Predictions for Humanity’s FutureEscaping the Laboratory: The Rodent Experiments of John B. Calhoun
& Their Cultural InfluenceMoose

You're denying that keeping the GDP ever growing does not have a severe adverse affect on the Earth's ecology? I see a problem. I don't see a solution. I think the Earth's ecology is going down the toilet (aka "is fucked").I have no children. My little branch of the human tree is not going to be involved. Thoughts and prayers to your descendants.MooseADDED BY EDIT -Quoting myself from above: I now see I made a huge blunder in how I phrased that - In effect, the "denying" and "not" functioned as a double negative, making the statement to say the opposite of what I intended. It should have been: You're denying that keeping the GDP ever growing does have a severe adverse affect on the Earth's ecology?or You're saying that keeping the GDP ever growing does not have a severe adverse affect on the Earth's ecology?

I'm not going to do it, but you might explore what Warren Buffet (just realized the "name in common") thinks about investing in gold. My guess is that any WB gold investment is in gold mining companies stock.Moose

OK, I did it a bit.Does Warren Buffett Invest In Gold? - Dated April 19, 2024

quote:

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The answer to whether Warren Buffett invests in gold is a simple “no.” This probably doesn’t surprise the “Oracle of Omaha” followers, as he’s been very outspoken and open regarding his investment style, strategies and ownership. He’s even spoken directly about whether he would invest in gold numerous times.

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and

quote:

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How Does Buffett Invest?

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Warren Buffett is what’s known as a value investor. He seeks to find companies trading below what he feels to be their intrinsic value, assuming that the market will reprice them at higher levels.

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and

quote:

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What Has Buffett Said About Investing in Gold?

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Fundamentally, Warren Buffett doesn’t want to own anything that can’t produce something, be it income, revenue or some type of profit. To him, gold is the “classic case” of an investment that doesn’t produce anything. The only way you make money from investing in gold is by hoping someone pays a higher price for it later.

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My "bolding".Warren Buffett’s Berkshire buys Barrick Gold shares – Resource World Magazine - Dated 4 years ago

quote:

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Barrick Gold Corp. [ABX-TSX; GOLD-NYSE] shares rallied Monday August 17 following reports that Warren Buffett’s Berkshire Hathaway Inc. has added shares of the world’s second largest gold miner to its portfolio.

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According to a regulatory filing, Berkshire has taken a new position in Barrick by adding 20.9 million shares or 1.2% of the company, with a current market value of US$565 million.

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The move follows a correction in the price of gold and silver last week, triggered by COVID-19 vaccine hopes, better-than-expected U.S. data, a stronger dollar, and rising real yields. The yellow metal had previously been trading close to record highs and on Monday was priced at US$1,983.70/oz, up US$51.25 on the day.

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Buffett, billionaire Berkshire Chairman, has previously been cautious about investing directly in gold. So, this investment is viewed as an endorsement of an industry where producers are benefiting from the surging bullion price. That in turn is providing a boost to bottom line profits after costs in the industry have steadied in recent years.

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Seems to agree with my previous message.Moose