Unlimited Wealth Soundview Page 3

Alchemy: Turn Knowledge Into Gold, by Soundview Executive Book Summaries, Soundview Executive Book Summaries, March 1991.

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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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The Heart of the Theory of 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 = PTⁿW stands for Wealth, P 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.

THE FIRST LAW OF ALCHEMY
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.

What Is a Resource?
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 expanding.
The amount of a resource is how much of it physically exists in the universe. But the supply, how much is known to exist and is available for our use, is determined as much by how we use resources as by the quantity available. The actual amount of oil buried in the earth is irrelevant. All that matters is the supply.

THE SECOND LAW OF ALCHEMY
Technology determines our supply of existing physical resources by determining both the efficiency with which we use resources and our ability to find, obtain, distribute, and store them.

Quantity Technology: Supply and Use
     To increase the supply of a physical resource we can (1) improve our ability to find, obtain, distribute, and store it (supply technology); and we can (2) improve the efficiency with which we use it (use technology).
     Supply technology has the more direct impact on our resource base. Consider the supply of oil. Over the past two or three decades, advances in geology led to the discovery of the huge Alaskan oil field. Improved drilling techniques allowed producers to delve into the earth's crust to a depth of six miles instead of a mere five to ten thousand feet. Development of the super-tanker and advanced pipeline construction provided for more rapid distribution. Last, storage tanks made it possible to store heating oil in our homes and put gas stations on many street corners.
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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.