WWF Jumps in the Bandwagon of Commodities Über-Bulls

Markets have peaked, commodities are way down, and it's not anything to do with so-called fundamentals. It's all had to do with speculation, and always will have.

Now, since all forecaster only seem to be able to forecast linear or exponential growth extrapolation, and never seem to realize that everything that rise can also fall and collapse, many are set for quite a painful moment.

Today, WWF jumps in the bandwagon of the exponential growth extrapolation and state that Another Earth Needed to Meet Humans’ Demand for Resources

(Bloomberg) May 14, 2012 — Humans are using resources at such a pace they need another world to meet demand for land to grow crops and forests and raise animals, WWF International said. 
People required 18.2 billion hectares (45 billion acres) of land by 2008, with 12 billion productive hectares available, WWF said today in its biennial Living Planet report. About 55 percent of land needed was for forest to absorb carbon dioxide emissions. The Earth takes one and a half years to regenerate natural resources used annually by human inhabitants, WWF said.
“We are living as if we have an extra planet at our disposal,” WWF International Director General Jim Leape said in the report. “We are using 50 percent more resources than the Earth can provide, and unless we change course that number will grow very fast. By 2030, even two planets will not be enough.
That's the main take away: there's no two planets in 2030, and there's no "unless": we will see a dramatic change in the course of the next few years, and the global Greater Depression will take its toll on everything you can imagine: consumption will fall, governments will fall — both have already started — and population will decrease as well — this has already started as well, and Japan is yet again the leader in this area, but China, Europe and even the US (excluding immigration) already have aging and declining populations.
The report, which urges humanity to cut waste and use food, energy and water more sustainably, is published before a United Nations conference in Rio de Janeiro next month where leaders from around the world will debate how governments can eradicate poverty while also halting the degradation of the environment. 
The average person required 2.7 so-called global hectares, or biologically productive hectares, to produce the resources they consumed in 2008, the most recent data available, according to the report. That compares with the Earth’s so-called bio- capacity of 1.8 hectares per person, it said. The UN has said the world’s human population passed 7 billion in October.

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