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AUG 24, 2013 - Zero Hedge

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Guest Post: Up Against Hard Limits - Food And Finance

Submitted by Charles Hugh Smith from Of Two Minds Up Against Hard Limits: Food And Finance We are reaching hard limits in food production and financial engineering. In the first 25 years after World War II (1946-1970), an abundance of cheap oil and plentiful opportunities (low-hanging fruit) for global development led to rapid urbanization and economic growth in much of the world. As oil became more expensive and the demands for more resources by an expanding middle class rose, limits on available resources became visible. These were explored in the famous Club of Rome report, Limits to ... Read More

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