UW Barter News Sept 1992 Page 3

"Unlimited Wealth," by Paul Zane Pilzer with introduction by Bob Meyer, Barter News, Sept 1992.

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About the Author
Pilzer is a Paradigm-Buster
Education Must Never Stop

More on
Unlimited Wealth

Explains how we live in a world of unlimited physical resources because of rapidly advancing technology.

"Unlimited Wealth: Paul Pilzer Tells Where to Find the New Prosperity," by Duncan Maxwell Anderson, Success Magazine, October 1993.

"The Economic Alchemist," by Paul Wirth, Lehigh Alumni Bulletin, October 1990.

"Renaissance and Real Estate," by William Summers, Financial Enterprise--The Magazine of GE Capital, Fall 1989.

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Supply-Side Alchemy
     In 1972 the shocking conclusion of the enormously influential study The Limits to Growth was that the world's physical resources would be exhausted sometime in the next decade and most of humanity could be wiped out before the year 2100. The world's population was growing at a rate of about 2 percent per year and industrial output was rising by 7 percent annually--both too fast to save our resource base.
     Economic growth, which had always been regarded as the solution to all woes, suddenly seemed to be the problem. Even the skeptics' doubts about the report were soon washed away: Arab oil producers raised prices and cut off deliveries to the West. The future looked grim.
     Between 1973 and 1981, soaring energy prices sent the United States into some of the worst recessions in four decades. Yet the world didn't come to an end.
     That's because the study reached the wrong conclusion. The world's physical resources aren't decreasing. On the contrary, our effective supply of resources--oil, natural gas, copper, silver, gold--is increasing. What's more, prices have tumbled as supplies have increased.
     We're richer than we've ever been before. This is difficult to believe. You probably feel you have to work harder than ever simply to make ends meet. But the fact is you work significantly less than you used to in order to get what you want. Fact: In 1970 Americans worked three times as many hours to earn enough to buy a TV as they did in the late 1980s.
     How is it that we have more resources at lower prices than every before? Alchemy.
     The Theory of Alchemy recognizes that physical resources are neither scarce nor finite. What matters is not the particular resources but our growing ability to make more and better use of whatever is available. Wealth is the product of physical resources and technology, and of these two technology is the more

important.
     This profound truth can be expressed as a simple mathematical formula:
                 W = PTⁿ
     W stands for Wealth, P stands for Physical resources, T for Technology, and ⁿ for the exponential effect of technological advances on themselves.
     The formula has enormous implications, the most important of which is this: We no longer have to try to slice the same small pie. Instead, we can find a way to bake a new and bigger one.

(1) By enabling us to make productive use of particular raw materials, technology determines what constitutes a physical resource.

     Without technology, physical resources have no value. The discovery of the uses of fire made wood worth collecting. The development of milling and baking made grains worth cultivating. And the development of smelting made ores worth mining.
     Technology, too, has made important resources of commodities as mundane and ubiquitous as sand (the raw material from which silicon chips are made) and sea water (from which such minerals as magnesium--and even gold--can be extracted). At the same time, technology has actually diminished or erased the value of some former key resources like natural rubber, tin, copper, and sheet steel--all of which have been supplanted to a degree by substitutes made possible by advancing technology.
     There's always an existing base of currently useful physical resources. A hundred years ago, however, this list would have looked very different from our resource base in the 1980s. You'd have seen ivory and whale oil on the list, but not silicon, bauxite, and uranium. So the resource base has never been fixed. Moreover, the supply of current resources is always
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PUBLICATIONS

		The Next Millionaires Explains how you can become of the the ten million new millionaires that will be created between 2006-2016.		The New Health Insurance Solution How to get cheaper, better health insurance from birth to old age without an employer plan.		The New Wellness Revolution How to make a fortune in the next trillion dollar industry--preventative medicine and wellness.
		New York Times Bestseller God Wants You To Be Rich Explains how our economic system is based on our biblical heritage, and you can prosper materially and spiritually.		Fountain of Wealth Award-winning 6 CD (or cassette) audio series explains the new opportunities for creating wealth in the 21st century.		Other People's Money Pilzer's first book, exposing the S&L Crisis and the history of savings in America.

Unlimited Wealth
Pilzer's seminal work explaining how we live in a world of unlimited physical resources because of rapidly advancing technology.

The Next Trillion
Why the wellness industry will exceed the $1 trillion health care (sickness) industry in the next ten years.

Real Estate Review
Collection of articles on the guidelines for success in commercial real estate investments.

The Wellness Revolution
How to make a fortune in the next trillion dollar industry-- preventative medicine and wellness.