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You have a nice tenured job. >> we are in the biggest recession since the great depression. the downtown in the economy has nothing to do with resource scarcity. >> of course, it has everything to do with resource scarcity. you go and spend $150 a week filling up your car. try and put corn and food on your table when you have record prices for corn. >> get rid of the eartha until subsidies. >> im not even talking about ethanol. >> i am. >> talking about food in general. nearly all-time highs. >>...

For most of the time hardly any growth. they had all this planning. 100% of the economy was planned. only when they recognized private property and individual initiative did the chinese economy boom. it is not planning. it is freedom that helped them boom. >> yes, i agree. freedom did help them boom. i agree. if you look at the chart from a slightly different scale you will find that they were growing prior to 1990. not near early as fast. so no argument there. >> planning doesnt work. they used...

Try fixodent cleanser plus scope ingredients. >> john: chinas economy booms while the american economy stag nates. will china soon overtake us? should we be afraid? testeven leeb says be afraid. he says chinas growing

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Happen in the future. china is full of a lot of creative people. if that economy grows and becomes wealthy as it is doing to the extent they adopt free market capitalism which they are moving toward they he will find ways to create more resources around get more out of existing resources. i have no doubt that resource supplies in the secular trend will be upward over the next few decades, centuries. >> i think you are betting on a technology god. it may have happened in the past. >> john: techno...

The downtown in the economy has nothing to do with resource scarcity. >> of course, it has everything to do with resource scarcity. you go and spend $150 a week filling up your car. try and put corn and food on your table when you have record prices for corn. >> get rid of the eartha until subsidies. >> im not even talking about ethanol. >> i am. >> talking about food in general. nearly all-time highs. >> i will make you a bet you can pick five commodities and i inflation adjusted price of the m...

Recession since the great depression. the downtown in the economy has nothing to do with resource scarcity. >> of course, it has everything to do with resource scarcity. you go and spend $150 a week filling up your car. try and put corn and food on your table when you have record prices for corn. >> get rid of the eartha until subsidies. >> im not even talking about ethanol. >> i am. >> talking about food in general. nearly all-time highs. >> i will make you a bet you can pick five commodities a...

If that economy grows and becomes wealthy as it is doing to the extent they adopt free market capitalism which they are moving toward they he will find ways to create more resources around get more out of existing resources. i have no doubt that resource supplies in the secular trend will be upward over the next few decades, centuries. >> i think you are betting on a technology god. it may have happened in the past. >> john: technology god. i like that. >> im betting on human ingenuity. >> where...

Growth. they had all this planning. 100% of the economy was planned. only when they recognized private property and individual initiative did the chinese economy boom. it is not planning. it is freedom that helped them boom. >> yes, i agree. freedom did help them boom. i agree. if you look at the chart from a slightly different scale you will find that they were growing prior to 1990. not near early as fast. so no argument there. >> planning doesnt work. they used to say japan central planning. ...

These threats that you heard about in 1973, well, that was when the worlds population may have been 1 or 2 billion. i dont know what it was. now, it is 7 billion. china is growing fast. what they have recognized and let me just quote from goldman, sachs the other day, forget about me, goldman, sachs a pretty credible brokerage firm. >> john: sometimes. >> times. but not trying to overly excite people. here was the words that they used in describing copper. they said this three years copper could...