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Page added on June 14, 2018
It’s a ‘Toxic World’
After hearing Grantham Mayo Van Otterloo co-founder Jeremy Grantham’s keynote on Tuesday at the 2018 Morningstar annual conference in Chicago, there is no doubt RIAs in the audience were persuaded to utilize sustainable investing methods. Grantham, who said 98% of his net worth was invested in or committed to environmental foundations, gave a sobering speech on where the world was at in its “decay,” and what was needed to change it. “We’ve created a toxic world,” he said.
Aside from highlighting the research on global warming, Grantham illustrated several dangers specifically to agriculture, including severe loss of top soil in the U.S. Midwest due to increased downpours that wash it away, as well as the problems caused by pesticides — rivers polluted with runoff and flying insects killed off, leaving crops with fewer pollinators.
“We only have 30 to 70 good agricultural producing years left” at the rate we are going, he said, adding that the world is losing 1% of collective soil and 1% of arable land a year.
Some other findings he cited:
- Global population has tripled since 1938, but fertility rates are declining. Sperm count has dropped 50% in the developed world. “Two factors may be people are waiting longer to have kids, and all the toxicity in the world,” he said.
- Since 1950, floods happen 15 times more often, wildfires seven times more often and extreme temperature events over 20 times often. Since 1996, droughts happen 10 times more often.
- There has been a significant rise in certain diseases, including diabetes, asthma, autism and MS; in addition, several types of cancers have risen dramatically since 1953, including melanoma, breast and testicular cancer.
The good news is clean energy, specifically solar and wind, will be much cheaper in the next 10 years than even the operating costs of coal and nuclear power. Battery costs will drop as well, making electric cars cheaper to build, run and maintain. The problem, Grantham said, is carbon will continue to increase even as green measures are taken and fossil fuel use drops, and we can only afford a rise of 3 degrees celsius.
Grantham’s own GMO Climate Change Fund is made up of 34.58% clean energy stocks, 5.44% smart grid, 9.30% copper, 20.31% energy efficiency, 23.18% agriculture, 4.93% water and 2.25% cash. He destroyed the argument that portfolios that don’t include gas and oil stocks will have weaker performance as he showed three time periods and how portfolios fared when various sectors were eliminated, and ex oil and gas portfolios had less impact than many other sectors.
“The assumption has been if you divest of oil, returns will be hurt, but that’s not the truth,” he said.
245 Comments on "It’s a ‘Toxic World’"
Makati1 on Thu, 14th Jun 2018 5:43 pm
Third World America: It begins…
“Plague Strikes Idaho: Officials Confirm First First Human Case Since 1992”
https://www.zerohedge.com/news/2018-06-13/plague-strikes-idaho-officials-confirm-first-first-human-case-1992
What happens when the meds are not available?
https://www.cdc.gov/plague/images/WorldPlagueMapWebSmall.jpg
Slip slidin…
"Lucifer" on Thu, 14th Jun 2018 5:55 pm
This guy says its a toxic world, but whos fault is that? You all have free will, well mostly.
Makati1 on Thu, 14th Jun 2018 6:08 pm
“Debt Servitude: IRS’ Private Debt Collectors Are Crushing Poor American Taxpayers”
https://www.zerohedge.com/news/2018-06-13/debt-servitude-irs-private-debt-collectors-are-crushing-poor-american-taxpayers
Bleeding the serfs is only going to get worse as the empire slides into the 3rd world.
I’m glad I have no debt or taxable income.
Anonymouse1 on Thu, 14th Jun 2018 7:26 pm
I’m not entirely clean on how price drops on what the writer calls ‘clean energy’ offsets all the others hit that is coming down the pipe our way, but w/e.
Funny though, he uses the term, ‘clean energy’ to refer to solar and wind. Why not simply call it what it is, electricity? That is what solar and wind produce after all.
Btw, I buy ‘clean energy’ too, for my place of residence, but no one calls it that. We all call it hydro-electricity. And its price goes in one direction, upwards. The fact that is happens to be ‘clean’ has had no effect on its upward price over the years. And even if batteries do get a little cheaper, that will do very little, since batteries, expensive as they are, are only a tiny subset of the cost of automobile, or EV dependency. The costs of roads, bridges, enforcement, signalling, insurance and so on, will only continue to rise. Cheaper batteries wont do a damn thing to reduce any of those costs. So, not sure what this guy is smoking, but it must be pretty good stuff…
On the one hand, its a toxic world, but on the other, solar’s cost might drop a few cents a KW/H and batteries for that EV you don’t yet own, might get a bit cheaper(soon). Hoo-ray.
MASTERMIND on Thu, 14th Jun 2018 7:46 pm
Madkat
The fact that you take pleasure in seeing other people suffer..just shows you are very sick person..I guess that is what happens after decades of involuntary celibacy.
Makati1 on Thu, 14th Jun 2018 7:59 pm
No, MM, I do not take pleasure in suffering, I just see what is coming, and where it is most likely to be worse. That you do not like what is coming does not change the fact that it will come. You can prep to ease your pain or deny. Your choice. I made mine.
BTW: Celibacy may be your problem, but not mine. LOL
JuanP on Thu, 14th Jun 2018 8:02 pm
MM, Go back to your mom’s basement and give yourself a hand! When was the last time you got any? Actually, did you EVER get any without using force, bitch?
JuanP on Thu, 14th Jun 2018 8:07 pm
Goaaaaaal! Goooooooooal! Goooooooal! Goooooal! Gooooooooooooooal! Go Russia!
Russia 5 – Saudi Arabia 0
What a great day for Russia, Russians, Putin, and the world! Russia couldn’t possibly have asked for a better result. The Russians beat the crap out of the Saudis. Russia wins the Russia 2018 FIFA World Cup opening game in Moscow earning 3 points and a positive 5 goal difference. I couldn’t be happier right now. I am going to troll the board’s imperialists like crazy for a day and rub this amazing triumph on their faces. GO RUSSIA! I want to give the Russian people my congratulations on what must be one of the happiest days for them ever. They should be really proud to be hosting the world today! Every single person I talked with today is happy for the Russians except this board’s delusional exceptionalist who are so frustrated and unhappy that they can’t suffer anyone else having a good day!
Makati1 on Fri, 15th Jun 2018 1:15 am
“Reason 3: Because I understand that a primary goal of the internationalist, globalist, anti-sovereignty and New World Order crowd is to diminish U.S. economic performance dramatically, and this includes ending the reserve status and petro-status of the dollar in order to make way for a single global currency unit dictated by a single global economic administrator.”
The ‘Great Leveling’ I have been talking about.
“…there is indeed a global war brewing between major powers, but that this war will be fought primarily with financial weapons, not nukes. I also summarized my position that this war will be engineered by globalists deliberately to provide cover for something they call the “great economic reset.”… The U.S. has only two major points of leverage in a trade war. First, the U.S. dollar’s world reserve status, which I have already addressed as not a point of leverage at all unless the Fed continues stimulus indefinitely. Second, the U.S. consumer. … Without a massive resurrection of American manufacturing and production, we enter into a trade war with little ammunition because we remain dependent on foreign production and goods, while other nations like China can easily expand into alternative markets and retain their own production capabilities.”
Note: …”other nations like China can easily expand into alternative markets and retain their own production capabilities.” Hmm I think I said that before also.
http://www.alt-market.com/articles/3453-america-loses-when-the-trade-war-becomes-a-currency-war
Nuff said.
GregT on Fri, 15th Jun 2018 1:30 am
“Without a massive resurrection of American manufacturing and production, we enter into a trade war with little ammunition because we remain dependent on foreign production and goods, while other nations like China can easily expand into alternative markets and retain their own production capabilities.”
There’s that delusional royal “we” again.
News flash. There is no ‘we’ about it. ‘Their’ plans do not include ‘you’ at all.
deadly on Fri, 15th Jun 2018 2:47 am
If Grantham’s GMO Climate Change Fund is invested in agriculture, 23 percent, the fund is definitely investing in fossil fuels.
You cannot have modern agricultural practices and techniques without oil and coal.
You need industry to have modern ag equipment and that means oil and coal.
An investment in copper also translates to the use of fossil fuels to have copper wire.
Electricity is what makes it happen.
In Chicago, no less, the home of the onions, and in Illinois, an ag powerhouse nonpareil.
Another green hypocrite who doesn’t know if he is afoot or horseback.
Davy on Fri, 15th Jun 2018 4:15 am
“Because I understand that a primary goal of the internationalist, globalist, anti-sovereignty and New World Order crowd is to diminish U.S. economic performance dramatically, and this includes ending the reserve status and petro-status of the dollar in order to make way for a single global currency unit dictated by a single global economic administrator.”
More intellectually weak understanding of the systematic nature of the global economy. We are interconnect so much as to preclude some abstract world order crowd from controlling this self-organizing and self-adapting economic system. We are not in control of this process.
“Without a massive resurrection of American manufacturing and production, we enter into a trade war with little ammunition because we remain dependent on foreign production and goods, while other nations like China can easily expand into alternative markets and retain their own production capabilities.”
Please, the US is in the top 3 manufactures and exporters in the world. Its economy is in the top two. Let’s keep things in perspective and get the emotional hate out of the discussion. China cannot easily expand into alternative markets. All markets currently are saturated and the global economy already unstable. What a joke to think that China can decouple from the US where so much of its manufactured products go. The same is true for Europe. You guys are stuck with the US just as the US is with you that is until we all fail together.
Davy on Fri, 15th Jun 2018 4:21 am
“There’s that delusional royal “we” again. News flash. There is no ‘we’ about it. ‘Their’ plans do not include ‘you’ at all.”
News flash grehggie, you harp this idea all the time and it is full of shit. There is a “we” and a “you” in this world. You use this as an excuse for your rabid Canadian anti-American rants and enabling. It makes you think that you are attacking a force that is not the American people. It is your imaginary “them” conspiracy people that you and others dreamed up in your head. While I do not deny coordinated forces driving agendas it is nothing like you fantasize. You need intellectual help grahggie maybe you can find an economist girlfriend to help you out similar to the winding history girlfriend you had years ago that warp your mind.
Makati1 on Fri, 15th Jun 2018 5:10 am
….Davy chimes in with his usual bullshit, third grade putdowns and other meaningless posts.
Davy on Fri, 15th Jun 2018 5:14 am
translation: 3rd world, denture flappin again
Makati1 on Fri, 15th Jun 2018 5:19 am
_Davy chimes in with his usual bullshit, third grade putdowns and other meaningless posts.
JuanP on Fri, 15th Jun 2018 5:38 am
Davy “translation: 3rd world, denture flappin again”
Translation: The board’s bully bullying again. You are such a pathetic loser, exceptionalist. Your ridiculous pretention that the world can’t do well without the USA’s consumption is beyond stupid. If the USA consumes less the rest of the world will simply consume more. The USA doesn’t make anything that the rest of the world needs. And, please, stop saying that other countries will starve without US food exports because the USA doesn’t export food, it exports feed and you are smart enough to know the difference so you are LYING again, pussy.
Makati1 on Fri, 15th Jun 2018 6:00 am
“America imported US$2.409 trillion worth of goods from around the globe in 2017, up by 3.6% since 2013 and accelerating by 7.2% from 2016 to 2017. … From a continental perspective, 45.9% of America’s total imports by value in 2017 were purchased from providers in Asia. … Pharmaceuticals: $96.4 billion (4%) Optical, technical, medical apparatus: $86.2 billion (3.6%)…”
http://www.worldstopexports.com/united-states-top-10-imports/
Looks like the US would be hurting without medical imports, literally.
Davy on Fri, 15th Jun 2018 6:25 am
We will adapt dummy. We have all the skills and expertise. It will be tough but just as tough for the Asians and their lost market share.
JuanP on Fri, 15th Jun 2018 6:51 am
Davy, So far you are failing miserably to adapt so far, so what do you base your delusions that you will in the future now. The USA has been in decline for decades, exceptionalist. Maybe it is time for you to look around you and face the truth. The USA is getting worse every single day and has been for decades.
peakyeast on Fri, 15th Jun 2018 7:12 am
@mak: Dont forget that USA imports a lot of their painkillers from Taleban which is kinda off-budget officially.
Davy on Fri, 15th Jun 2018 7:39 am
Geeze, Juan, like I don’t already know that. If you are going to contribute more these days please be relevant and stop the redundancies. You are trying too hard to be an asshole with your attacks. Be smart about it so we can at least learn more as a group.
fmr-paultard on Fri, 15th Jun 2018 7:46 am
Juantard you dropped out of hs so you are a leech on society that supertards built for me to enjoy. Im different because I appreciate supertards for their work. I’m a tard but I hated tards who disrupted my hs classes.
The news just get better. Our supertards just made the best supercomputer in the world.
You lack mental capacity to understand the world so you see supertard America like your own world which is your smelly rear end. Living on a boat means you don’t shower. What a smelly he dropout
JuanP on Fri, 15th Jun 2018 7:54 am
Boardtard, Since you are a retard and just another semiliterate American exceptionalist I look for ward to fucking with you, too. It is absolutely amazing how many illiterate lunatics the USA has. No other country in the history of the world ever had more ignorant fools than today’s USA. Welcome to the fight! LOL!
Hello on Fri, 15th Jun 2018 7:56 am
>>> The USA is getting worse every single day and has been for decades
You’re point being? And in what is the usa getting worse? McDonalds hamburger getting smaller?
>> America imported US$2.409 trillion worth of goods from around the globe in 2017
Yes, that’s the curse if you “own” the global reserve currency. You have no choice but to run a trade deficit. But despair not, once the $ is replaced as reserve currency by a basket of $, EUR, etc, you can be certain the US will be back as a major exporter.
>> The USA doesn’t make anything that the rest of the world needs
That of course is not true. The main export of the US is $$, which for some reason a plenty of other nations desperately want. They even provide all kinds of goods to the US, just to get $$. Pathetic, those nations that practically sell their shirt, just to get $$.
JuanP on Fri, 15th Jun 2018 7:57 am
Fdavy, You are a clinically insane exceptionalist living in denial. Your mind is closed to any truth that is inconvenient to your sick belief system. I am here to fuck with you, not teach you, pussy!
Hello on Fri, 15th Jun 2018 8:00 am
>>> No other country in the history of the world ever had more ignorant fools than today’s USA
Yes you could get the impression living in Miami. Plenty of Cubans and other southern types in the area. That of course doesn’t help the IQ, I agree with you.
JuanP on Fri, 15th Jun 2018 8:01 am
Welcome back, Hello! I love how all the American sock puppets are coming out of the ground now! I love this shit! Every single one of you is proof of how ignorant, stupid, delusional, and insane the USA is. No country in the world has more insane people than the USA and the comments on this board are proof of that! LOL! Let’s see how many more American sock puppets come around?
Hello on Fri, 15th Jun 2018 8:07 am
Hi Juan. It’s not good to live in a place you don’t like. Just makes you bitter and miserable. You should consider moving.
Hello on Fri, 15th Jun 2018 8:11 am
>> Every single one of you is proof
I don’t think you know what “proof” means.
Just having a few nuts isn’t “proof”. Because if it were you and Mak would certainly paint a dire picture of the US. Luckily you’re just a single data point.
Hello on Fri, 15th Jun 2018 8:25 am
>> The USA doesn’t make anything that the rest of the world needs
Juan, I couldn’t sleep over this one and had to look it up.
US export 2017: 2.3G$ (G = Giga = 10^9)
US import 2017: 2.9G$
The trade deficit is small compared to the total trade volume. Apparently the US makes lots of stuff other nations want.
Is that your southern sloppiness that you would just make your arguments up instead of looking it up?
Hello on Fri, 15th Jun 2018 8:35 am
>>> US export 2017: 2.3G$
Actually I made a mistake in above post by a factor of 1000. Export and imports are T (tera = 10^12) not G.
Hello on Fri, 15th Jun 2018 8:38 am
Sorry Juan. I forgot to add:
^ in the above post means “to the power of”.
Like 10^12 is a 1 followed with 12 zeros.
I thought I mentioned it since you’re not the intellectual type, more of the southern emotional variety.
JuanP on Fri, 15th Jun 2018 9:05 am
Hello “Hi Juan. It’s not good to live in a place you don’t like. Just makes you bitter and miserable. You should consider moving.”
One of the reasons I enjoy being here is how much it bothers fools like you, exceptionalist sock puppet!
JuanP on Fri, 15th Jun 2018 9:08 am
Davy has been forced to resort to his sock puppets for company! LOL! Geeee, what a bunch of fools! I guess these retards don’t know the difference between need and want, but what can one expect from ignorant Americans! LOL!
JuanP on Fri, 15th Jun 2018 9:17 am
Hello/Davy “I thought I mentioned it since you’re not the intellectual type, more of the southern emotional variety.”
Nothing more than another one of your delusional projections. I am not like you; I don’t care what other people think about me and I am not a nationalist extremist. What I am doing here is simply engaging in a tit for tat with all the board’s delusional exceptionalist Americans to give them a taste of their own medicine. I know that there is nothing a bully hates more than getting bullied and not be able to do anything about it. I like doing this; I am having a lot of fun fucking with you, morons!
Hello on Fri, 15th Jun 2018 9:21 am
>>> don’t know the difference between need and want
Says the guy whos wife “forces” him to live in miami because she “wants” a real bathroom instead of an outhouse in south America.
A funny story BTW, I just recently visited a small rural town in mexico. It was fun to see all them Mexican teenagers who barley can do basic math with their latest cellphones. So much for “need” and “want”.
Probably about the same in your Uruguay. Although Uruguay is called the Switzerland of South America. Apparently because a lot of swiss immigrants made it a bit cleaner and smarter than your generic south America banana republic. I hope I can visit one day. I once even inquired about studying at the university in Montevideo. Who knows, maybe I get a chance and can still do it. I sure would love to.
JuanP on Fri, 15th Jun 2018 9:24 am
Hello “I thought I mentioned it since you’re not the intellectual type, more of the southern emotional variety.”
If you knew how to write properly that would have said: I thought I would mention it since you’re not the intellectual type, more like the southern emotional variety.
It must suck for such an intellectual like you to have a non intellectual, emotional, southern guy correct your writing in YOUR OWN language! That is some intellect you have! LOL
Hello on Fri, 15th Jun 2018 9:24 am
>>>> “I thought I mentioned it since you’re not the intellectual type, more of the southern emotional variety.”
Nothing more than another one of your delusional projections.
What do you mean?
All your arguments are emotional and you are from Uruguay. How is you being an emotional southern type a delusional projection?
Hello on Fri, 15th Jun 2018 9:27 am
>> If you knew how to write properly that would have said
Sorry Juan. As English is not my first language I make mistakes. I hope you can see beyond such petty issues. 🙂
I give you a hint: I’m form Switerland. German spoken. Ich hoffe du kannst das verstehen? Comprendes mi hijito chulo?
JuanP on Fri, 15th Jun 2018 9:30 am
Hello “I once even inquired about studying at the university in Montevideo.”
The USA has many universities that are better than the ones in Uruguay. While the primary and secondary education system in Uruguay is superior to the American one, for an American to go to college down there makes no sense.
As far as visiting Uruguay goes, I wouldn’t recommend it. You’d have more fun going to Brazil.
JuanP on Fri, 15th Jun 2018 9:31 am
Hello, What other languages do the Swiss speak?
JuanP on Fri, 15th Jun 2018 9:34 am
And, Hello, while German is not one of the five languages I am fluent in, I did understand what you hoped! LOL,
Hello on Fri, 15th Jun 2018 9:35 am
>>> As far as visiting Uruguay goes, I wouldn’t recommend it.
What you mean? Im not interested in fun. I’m interested in country. And looking at google map I think Uruguay is very interesting and pretty. Especial the rural places far from Montevideo. If it’s one thing I don’t like it’s a lot of people (my prime complaint about Switzerland, which is grossly overpopulated). Uruguay seems empty.
Studying an advanced degree seems a good opportunity to stay in the country a while longer, not just as a tourist, while still learning something.
JuanP on Fri, 15th Jun 2018 9:39 am
And ,Hello, I don’t believe for a second that you are Swiss. The Swiss people are very smart and extremely well educated. My guess is you are a typical American moron who learnt a few German phrases from your family or when you took your foreign language required classes in college.
Hello on Fri, 15th Jun 2018 9:45 am
>>> The Swiss people are very smart and extremely well educated
Juan. My teacher once told me this:
Wenn ein Buch und ein Kopf zusammenprallen, dann ist es nicht immer das Buch, das hohl toent.
Translated for sense and applied to you:
Just because you don’t understand certain arguments and logic conclusion doesn’t automatically mean they are wrong. 😉
Davy on Fri, 15th Jun 2018 10:30 am
Hello, welcome back, don’t mind Juan he is off his meds. He goes from being depressed suicidal to manic and irrational. When he is in between he is a pretty decent guy. He does community gardening and teaches young people organic gardening and such.
Hello on Fri, 15th Jun 2018 10:47 am
*smile* Thanks Davy. Just a quick visit. I won’t stay long. As I can tell nobody made any progress in convincing anybody else. Everybody is still holding their original position. 🙂
Davy on Fri, 15th Jun 2018 10:58 am
It’s one big bar room brawl on a normal day anymore. A mirror of the world we live in. I am having fun kicking ass and taking names with the extremist here. I love to listen to them howl and gnash their teeth.
JuanP on Fri, 15th Jun 2018 11:16 am
Davy, You must be really desperate and lonely to be talking to your own sock puppets and replying to yourself. There is no way Hello is Swiss. It is quite obviously one of your multiple personalities. Multiple Personality Disorder is a very serious condition, exceptionalist, you really need professional psychiatric help, lunatic! LOL!