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CHRIS MARTENSON Videos with screenshots - Vids 1 to 20 & Latest News

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"There is nothing more important you have to do than watch these videos" - Chris Martenson

 

0. Introduction

Who is Chris, and what are these videos about?

Watch the video at the bottom of this page: http://www.chrismartenson.com/crashcourse

 

ChrisMartenson_Chapter0_TheCrashCou.gif

 

 

1. Three Beliefs

http://www.chrismartenson.com/three_beliefs

 

ChrisMartenson_Chapter1_ThreeBelief.gif

 

 

2. The Three Es

http://www.chrismartenson.com/the_three_Es

 

ChrisMartenson_Chapter2_TheThreeEs.gif

 

 

3. Exponential Growth

http://www.chrismartenson.com/exponential_growth

 

ChrisMartenson_Chapter3_Exponential.gif

 

 

4. Compounding is the Problem

http://www.chrismartenson.com/compounding_is_the_problem

 

ChrisMartenson_Chapter4_Compounding.gif

 

 

5. Growth versus Prosperity

http://www.chrismartenson.com/growth_vs_prosperity

 

ChrisMartenson_Chapter5_GrowthVersu.gif

 

 

6. What is Money?

http://www.chrismartenson.com/what_is_money

 

ChrisMartenson_Chapter6_WhatIsMoney.gif

 

 

7. Money Creation

http://www.chrismartenson.com/money_creation

 

ChrisMartenson_Chapter7_MoneyCreati.gif

 

 

continued.....

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8. The Fed - Money Creation

http://www.chrismartenson.com/node/324

 

ChrisMartenson_Chapter8_FedMoneyCre.gif

 

 

9. A Brief History of Money

http://www.chrismartenson.com/brief_history_of_US_money

 

ChrisMartenson_Chapter9_ABriefHisto.gif

 

 

10. Inflation

http://www.chrismartenson.com/inflation

 

ChrisMartenson_Chapter10_Inflation.gif

 

 

11. How Much is a Trillion

http://www.chrismartenson.com/how_much_is_a_trillion

 

ChrisMartenson_Chapter11_HowMuchIsA.gif

 

 

12. Debt

http://www.chrismartenson.com/debt

 

ChrisMartenson_Chapter12_Debt.gif

 

 

13. A National Failure to Save

http://www.chrismartenson.com/failure-to-save

 

ChrisMartenson_Chapter13_TheNationa.gif

 

 

14. Assets & Demographics

http://www.chrismartenson.com/assets-and-demographics

 

ChrisMartenson_Chapter14_AssetsAndD.gif

 

 

15. Bubbles

http://www.chrismartenson.com/bubbles

 

ChrisMartenson_Chapter15_Bubbles.gif

 

 

16. Fuzzy Numbers

http://www.chrismartenson.com/fuzzy_numbers

 

ChrisMartenson_Chapter16_FuzzyNumbe.gif

 

 

17. Peak Oil

http://www.chrismartenson.com/peak_oil

 

Part A:

ChrisMartenson_Chapter17_PeakOil.gif

 

Part B:

ChrisMartenson_Chapter17_PeakOil_En.gif

 

Part C:

ChrisMartenson_Chapter17_PeakOil_Oi.gif

 

 

18: Environmental Data

http://www.chrismartenson.com/environmental_data

 

ChrisMartenson_Chapter18_Environmen.gif

 

 

The above sections are done, the lower ones are coming:

Section 19: Future Shock

Section 20: What Should I Do...?

 

 

How long will it take?

Completed sections are between 3 and 14 minutes in length, meaning that all 20 sections should take about 2.5 hours.

 

What is it?

The Crash Course seeks to provide you with a baseline understanding of the economy so that you can better appreciate the risks that we all face.

 

Then what do I do?

I suggest you start by looking at this section of the website, and read the Breaking News:

http://www.chrismartenson.com/breaking-news-content-listing

 

Then register & look around.

 

 

How to save and watch offline

If using Firefox, you can save each one with DownLoadHelper.

Then rename the .flv files to .swf files.

 

To play:

1. Drag and drop into a browser to then watch them.

or

2. Right click and select "open with..." and then pick a browser (Firefox, IE etc), and tick "always open with", so all .swf files are opened with your browser.

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This two part interview with Chris Martenson is extremely interesting.

It expands on the current videos, but also goes into Peak Oil, and gives quite a clue into what the last 4 videos are going to cover.

 

Chris interviewed on Corporate Watchdog Radio (12/04/2008):

http://www.chrismartenson.com/chris-interv...-watchdog-radio

 

Starts at 06:30

Download: http://homepage.mac.com/sanfordlewisvideo/...-2008-04-09.mp3

 

 

Chris on Corporate Watchdog Radio - PART II (16/04/2008):

http://www.chrismartenson.com/chris-corpor...g-radio-part-ii

 

Starts at 10:00

Download: http://homepage.mac.com/sanfordlewisvideo/...-2008-04-16.mp3

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I just sat down to watch this series and unfortunately this chapter has got me rattled.

 

Chris says that "you are here" on an exponential graph.

He then says "You happen to live at a time, when hundreds of individual graphs are all approaching the vertical phase of their exponential trajectory"

 

Now this puzzles me - because, frankly, it's utter bollocks!

 

Chris has already explained that an exponential function (or graph) grows at a continous rate. He talks about population growing at 1%.

 

Now if you take *any* exponential graph and you're at the end of it (i.e. the right hand side) you will *always* be in the vertical phase! The thing grows by a fixed multiple in each time period!

 

So to say that we "happen" to be in a particularly vertical phase of the graphs for population, oil consumption and money supply is non-sensical. They are continually increasing and if you'd carried out the same exercise 50 years ago you would get the same results. The scaling would be different (e.g. instead of the peak being $10Trn it would be $2Bn) but the shape would still be the same and the WOW factor would still be there. If we carry on as we are and you plot the graph again in 20 years time, today will seem like a non-event and suddenly THEN will be the "vertical phase".

 

This to me seriously undermines whatever it is Chris is about to say - which is a shame, judging by all the comments folks have made about his videos. :(

 

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Bobsta,

I want to reply to your post in full when I get time. It's a very good point, and one I've been thinking about.

 

But in short, I think it comes down to whether it is an unbounded or bounded system.

 

More as soon as I've done some charts to explain my point.

 

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Exponential Growth

 

OK, here's what I mean.

 

This shows a variety of growth rates:

 

The_Exponential_Function_rates_and_.gif

 

 

Now by overlaying the 10% curve plotted separately to fill the same size chart area, you get this:

 

The_Exponential_Function_10percent_.gif

 

 

So the higher the growth rate, the sharper the curve with a fixed boundary.

 

And the higher the boundary with a fixed growth rate, the sharper the curve.

 

 

So, I think with a real world bounded system, like population, oil resources etc etc, you are limited in how you can draw it.

Unlike money, which knows no bounds :lol:

 

So I think Chris is right when he talks about a "take off point". There is always a 'kink' in the curve between flattish and rockets away :D

 

I think it also shows how a small growth rate is manageable for a very long time.

But a higher one causes real problems really quickly.

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I have applied the views expressed in this Chris Martenson video:

 

15. Bubbles

http://www.chrismartenson.com/bubbles

 

ChrisMartenson_Chapter15_Bubbles.gif

 

to New Zealand house prices, and come up with this:

 

NZ_Median_Sale_Prices_1992to2008-1.gif

 

 

This makes an assumption about the rate of price inflation. If this was in fact higher, then nominal house prices would fall less, and more real value would be lost due to price inflation.

If inflation is lower than assumed, then nominal house prices would fall more, and less would be lost through inflation.

Either way, in real terms, there will be a loss. It just depends whether it is as noticeable in the prices advertised, or whether it is more hidden by inflation.

 

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Crash Course Update - When will it be finished?

08/15/2008

http://www.chrismartenson.com/crash-course...-it-be-finished

 

I’ve been asked a lot lately about when the remaining Crash Course chapters will be done. I even set a target of Wednesday (two days ago) as a completion date.

.....

I am getting in about 10 hours a day on the Crash Course (and not a lot of sleep). At this pace I will finish by month’s end, or thereabouts. I seem to be unable to lower my quality standards, and so I will simply work as hard as I can to complete this task. This will be a huge relief, as it will allow me to concentrate more fully on analyzing and writing reports about the current state of the economy, working on my book, and providing subscribers with more value.

 

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There has been a very long discussion here:

 

new Chris Martenson

July 4 - Bubbles, August 5 - Fuzzy Numbers

http://www.greenenergyinvestors.com/index....mp;hl=martenson

 

about the exponential function. I do not want that repeated here.

 

I find this quite ironic considering this:

 

Prof_Albert_Bartlett_TheGreatestSho.gif

 

Prof. Albert Bartlett

The Most IMPORTANT Video You'll Ever See (parts 1 of 8) - great videos on basic economics, like what exponential growth is, 70 / % = years to double

Posted by: http://www.youtube.com/user/wonderingmind42

Part 1:

Part 2:

Part 3:

Part 4:

Part 5:

Part 6:

Part 7:

Part 8:

 

----------------

 

Re-reading Bobsta's post:

 

Now if you take *any* exponential graph and you're at the end of it (i.e. the right hand side) you will *always* be in the vertical phase!

 

I now see what was meant.

 

Yes, if you draw any exponential function from the start of time to now, you will be at the 'vertical' phase of the curve. I agree.

 

But, I don't think that is what Chris means at all.

 

I think this is what Chris means.

 

1. First you have to estimate the total resources available. Yes it's an estimate, but that's what you do.

 

2. Then you draw the exponential function from the start of time until the resources are exhausted. This is very important. It is not drawn just to 'now'.

 

The result is that most of the time 'now' will be somewhere on the curve.

 

I think the point Chris is making is this. We are getting close to the end time of a number of curves drawn as in (2). So we are on the vertical phases of them.

 

I do not want to get back into an excessively long discussion about the maths of the exponential function.

It is explained simply here:

 

Exponential Growth

http://www.math.cornell.edu/~numb3rs/kostyuk/num109.htm

 

In plain words, this means that x grows exponentially if it increases proportionally to its own value. Most often exponential growth occurs in situations where "x creates more x", typical examples being population growth and compound interest. Exponential growth can occur both when the time intervals are discrete, for example in annual or monthly interest compounding, and when the time variable is continuous, as in continuous compounding of interest or modelling of large populations. The discrete time case is more often encountered in practice and is easier to analyse mathematically, since we don't need to resort to the exponential function.

 

Any suggestion that 3% growth per year is not a simple function is just plain wrong.

 

Now having re-watched Prof Albert Bartlett's videos, I realise that using the "doubling time" makes thinking about this even easier.

 

As he explains, the doubling time ~= 70 / growth rate.

 

eg if the growth rate is 7%/year, the doubling time = 70 / 7 = 10 years.

 

It is then easier to imagine doubling the value every n years.

 

That gives this type of curve, with each doubling point marked:

 

Growth_10percent_100000bound_doubli.gif

 

It is no more complex than this.

 

A tree has 15 apples.

 

Day 1: Eat 1 apple.

Day 2: Eat twice as many = 2. Total consumed = 3.

Day 3: Eat twice as many = 4. Total consumed = 7.

Day 3: Eat twice as many = 8. Total consumed = 15.

 

There are no more apples.

Please note: On the last day, ~ half the apples were consumed. It took 3x days to consume the ~ first half.

This simply demonstrates how growth rates result in a vertical phase, which are relatively short.

 

 

Can you answer this question from Part 3 of 8 of Prof. Albert Bartlett's video series ?

Albert_Bartlett_Part3of8_Question2.gif

 

If not, please watch it until you can.

 

I repeat:

 

Prof_Albert_Bartlett_TheGreatestSho.gif

 

IMO it's vital this is understood.

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I'm puzzled as to why this thread has only received 127 views.

I know most people will have already watched he videos, but I had hoped the screenshots would have been useful, and the extra stuff I've posted.

 

This thread discusses Peak Oil & Carbon Credits:

 

Climate Change, Carbon Credits & Peak Oil, Why Carbon Credits are the Wrong Solution

http://www.greenenergyinvestors.com/index.php?showtopic=4101

 

 

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Guest Dramatic Exit
I'm puzzled as to why this thread has only received 127 views.

It's an extremely good and useful thread, I'll be linking people here. Thanks for the work Steve!

 

In all honesty, I hadn't spotted the forum. I do wonder if there are slightly too many forums for the current userbase. Still, I've found it now :)

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Thanks :D

 

Do you use this ? :D

 

ViewNewPosts.gif

 

PS You do need to be logged in to see this area, so if you point anyone here, you'll need to explain that.

 

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Guest Dramatic Exit
PS You do need to be logged in to see this area, so if you point anyone here, you'll need to explain that.

I'm not meaning to question the powers-that-be; however wouldn't it make sense for the Beginners Forum to be available publicly to entice people into joining - instead of only seeing the heavier stuff? jm2c.

 

And aye, I should really use View New posts.. A habit I got out of after being a moderator on multi-language forums :(

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Question away :D

I was thinking the same thing. It all used to be available to all, but some got disabled for visitors because the hit rate was causing problems.

On the new host we might be OK now to make it all available again.

I'll ask him upstairs :D

 

A multi-language forum :lol:

Now that is one good reason for not using it :lol:

 

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I just sat down to watch this series and unfortunately this chapter has got me rattled.

 

Chris says that "you are here" on an exponential graph.

He then says "You happen to live at a time, when hundreds of individual graphs are all approaching the vertical phase of their exponential trajectory"

 

Now this puzzles me - because, frankly, it's utter bollocks!

 

Chris has already explained that an exponential function (or graph) grows at a continous rate. He talks about population growing at 1%.

 

Now if you take *any* exponential graph and you're at the end of it (i.e. the right hand side) you will *always* be in the vertical phase! The thing grows by a fixed multiple in each time period!

 

So to say that we "happen" to be in a particularly vertical phase of the graphs for population, oil consumption and money supply is non-sensical. They are continually increasing and if you'd carried out the same exercise 50 years ago you would get the same results. The scaling would be different (e.g. instead of the peak being $10Trn it would be $2Bn) but the shape would still be the same and the WOW factor would still be there. If we carry on as we are and you plot the graph again in 20 years time, today will seem like a non-event and suddenly THEN will be the "vertical phase".

 

This to me seriously undermines whatever it is Chris is about to say - which is a shame, judging by all the comments folks have made about his videos. :(

I agree.

 

also, the peak oil video is weak. no mention of the cartel controlling production, price etc.

 

no mention of any undeclared fileds like under Alaska, or the claims that there is another 200 years worth oil.

 

Nick

 

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Exponential Money in a Finite World

http://chrismartenson.com/exponential-money-finite-world

 

September 5, 2008

 

This is an article I was asked to write for the VT Commons, where it appeared on the front page in August 2008. It is largely a significant re-write of my The End of Money article. This article lays out the very foundation of my entire line of thinking, and I think it should be widely circulated and debated. Full permission to reprint, post, and/or distribute is granted.

 

Exponential Money in a Finite World

 

The greatest shortcoming of the human race is our inability to understand the exponential function. ~Dr. Albert Bartlett

 

 

Within the next twenty years, the most profound changes in all of economic history will sweep the globe. The economic chaos and turbulence we are now experiencing are merely the opening salvos in what will prove to be a long, disruptive period of adjustment. Our choices now are to either evolve a new economic model that is compatible with limited physical resources, or to risk a catastrophic failure of our monetary system, and with it the basis for civilization as we know it today.

 

In order to understand why, we must start at the beginning. While it was operating well, our monetary system was a great system, one that fostered incredible technological innovation and advances in standards of living, two characteristics that I fervently wish to continue. But every system has its pros and its cons, and our monetary system has a doozy of a flaw.

 

It is this: Our monetary system must continually expand, forever.

 

The US/world monetary system was designed and implemented at a time when the earth’s resources seemed limitless, so few gave much critical thought to the implications that every single dollar in circulation was to be loaned into existence by a bank with interest. In fact, most thought it a terribly “modern” concept, and most probably still do.

 

But anything that is continually expanding by some percentage amount, no matter how minuscule, is said to be growing geometrically, or exponentially.

 

Geometric growth can be seen in this sequence of numbers (1, 2, 4, 8, 16, 32, 64), while an arithmetic growth sequence is (1, 2, 3, 4, 5, 6, 7). In 1798, Thomas Malthus postulated that the human population’s geometric growth would, at some point, exceed the arithmetic returns of the earth, principally in the arena of food. To paraphrase, he recognized that the exponential growth of human numbers would meet with the constraints imposed by a finite world. As seen in the chart below, human population is growing exponentially, and is on track to reach 9.5 billion by 2050. To put this in perspective, it was only in 1960 that the world first passed 3 billion in total population, the same amount that is projected to be added over the next 42 years. Each new person places additional demands on food, water, energy, and other finite resources.

 

Exp_Money_Human_Population_Historic.jpg

 

In parallel with exponential population growth, our monetary system is also exhibiting exponential behavior. Consider this evidence:

 

Exp_Money_Exponential_Money_v2.jpg

 

1) Money supply growth (see chart above). It took us from 1620 until 1973 to create the first $1trillion of US money stock (measured by adding up every bank account, CD, money market fund, etc). Every road, factory, bridge, school, and house built, together with every war fought and every other economic transaction that ever took place over those first 350 years, resulted in the creation of $1 trillion in money stock [ 1 ]. The most recent $1 trillion? That has been created in only 4.5 months. The dotted line in the chart is an idealized exponential curve, while the solid line is actual monetary data. The fit is nearly perfect (with a correlation of 0.98, for those interested). Data from the Federal Reserve.

 

Exp_Money_household_debt_v2.jpg

 

2) Household debt has doubled in only 7 years, growing from seven to fourteen trillion dollars. Think about that for a minute. It is a stunning turn of events. Have household incomes also doubled in 7 years? No, not even close; they have grown less than half as much, calling into question how these loans will be repaid, let alone doubled again. Data from the Federal Reserve.

 

Exp_Money_Total_Credit_Market_Debt.jpg

 

3) Total credit market debt (that’s all debt) had finally exceeded $5 trillion by 1975, but has recently increased by $5 trillion in just the past 2 years, and now stands at nearly $50 trillion. In order for the next twenty years to resemble the last twenty years, debt would have to expand by another 3 to 4 times, to $150 trillion to $200 trillion. How likely do you think this is? Data from the Federal Reserve.

 

How do we make sense of money numbers this large and growing this fast? Why is this happening? Could it be that the US economy is so robust that it requires monetary and credit growth to double every 6-7 years? Are US households expecting a huge surge in wages, to be able to pay off all that debt? If not, then what’s going on? The key to understanding all three of the above money and debt charts was snuck in a few paragraphs ago; every single dollar in circulation is loaned into existence by a bank, with interest.

 

That little statement contains the entire mystery. As improbable as it may sound to you that all money is backed by debt, it is precisely correct, and while many of you are going to struggle with the concept, you’ll be in good company. John Kenneth Galbraith, the world-famous Harvard economist, said, “The process by which banks create money is so simple that the mind is repelled.” [ 2 ]

 

Here’s how money (and debt) creation works: Suppose we wipe the entire system clean and start over, so that we can more easily understand the process. Say you enter the first (and only) bank and receive the very first loan for $1000. At this point the bank has an asset (your loan) on the books, and you have $1000 in cash and a $1000 liability owed to the bank. After a month passes, and the first interest accrues, we peek into the system and observe that the $1000 in money still exists, but that your debt has grown by the size of the interest (let’s call that $10). Now your total debt to the bank is $1000 plus the $10 interest or $1010 in total.

 

Since there’s only $1000 floating around, and that’s all there is, clearly there’s not enough money to settle the whole debt. So where will the required $10 come from? In our system it must be loaned into existence, taking the form of $10 of new money plus $10 of new debt that must also be paid back with interest.

 

But if our system requires new and larger loans to enable the repayment of old loans, aren’t we actually just compounding the total amount of debt (and resulting money) with every passing year? Yes, that is precisely what is happening, and the three money/debt charts supplied above all provide confirmation of that dynamic.

 

In other words, our monetary system, and by extension our entire economy, are textbook examples of exponential systems. Yeast in a vat of sugar water, predator-free lemming populations, and algal blooms are natural examples of exponential growth. Plotted on graph paper, the lines tracking these populations start out slowly, begin to rise more quickly, and then, suddenly, shoot almost straight up, yielding a shape that resembles a hockey stick.

 

The key feature of exponential functions that our species desperately needs to understand is illustrated in this next example: [ 3 ]

 

Suppose I had a magic eyedropper that could dispense a drop of water with a most unusual trait – it will double in size every minute – and I place a drop of water in your hand. At first you’d just have a lonely drop of water sitting in your hand, but after one minute it would double in size, and after six minutes you’d have a blob of water that could fill a thimble. Do you have a sense of that growth? Now, follow me to Fenway Park, where I am going to place a drop from my magic eye dropper on the pitcher’s mound at 12:00 pm on January 1st of 2008. To make this interesting, let’s assume that the park is water-tight, and that I’ve handcuffed you to the highest row of bleacher seats. Way down there, on the mound, I bend over and plop a magic drop of water, so small you could not possibly see it from where you are sitting, and it begins to double. My question to you is, at what date and at what time would the park be completely filled? That is, how long do you have to escape from your handcuffs? Days? Weeks? Months? Years?

 

The answer is this: You have until 12:49 pm, on that same day, before the park is completely filled. You have only 49 minutes to escape your handcuffs. And at what time do you suppose that the park is still 97% empty space (and how many of you will appreciate the seriousness of your predicament)? The answer is that at 12:45 pm the park is still 97% unfilled. The first 45 minutes filled just 3% of the park, while the last 4 minutes filled the remaining 97%. From all of history until 1960 to reach a population of 3 billion humans; only 42 years from now to add another 3 billion.

 

And that’s why we need to appreciate exponential functions. For quite a while, everything seems just fine, and a few minutes later your park is overflowing. Time runs out in a hurry towards the end of any exponential growth system, forcing hurried decisions and limited options.

 

So how does this pertain to our economic problems, and why should you care? The truth is, there’s nothing inherently wrong with exponential growth, as long as you have unlimited room and resources. However, there are clear signs that several key resources on our planet are in their final minutes, to use our Fenway Park example.

 

And none of these are more important than crude oil. “Peak oil” is the global extension of the observation that individual oil fields, without exception, produce slightly more oil each year up to a point (“the peak”), after which they produce incrementally less and less oil each year, until their economics force abandonment. It is a fact that the US hit its peak of oil production in 1970 at approximately 10 million barrels a day and now produces barely more than 5 million barrels a day. It is now widely recognized that oil is a finite resource, and another cold, hard fact is that global oil discoveries peaked some 45 years ago. Because discoveries precede production (you’ve got to find it before you can pump it), we can be certain that production will peak too. We might disagree over the timing, but not the process.

 

I’m focusing on oil because energy drives an economy, not the other way around. The engine of any economy is energy, while money is merely the lubricating oil. Without energy, no amount of additional money would make the slightest difference in our lives. Economists love to say that higher oil prices will stimulate new oil production, as if demand could magically create supply. (Joke: If you lock three economists in a basement they won’t worry about starving, because they know their grumbling bellies will soon cause sandwiches to appear.) But just as there is no amount of additional price hikes that will cause more cod to come from the depleted oceans, oil fields will yield their treasures in accordance to geological limits, not human desire.

 

And here’s where the enormous monetary design flaw comes into the story. As Meadows, et al., in The Limits to Growth (1972) brilliantly predicted, we humans are now encountering physical, resource-constrained limits to our economic and population growth. So, on the one hand we have a monetary system that, by its very design, must expand exponentially in order to merely operate, while on the other hand we live on a spherical planet with finite resource limits.

 

When we started our exponential monetary system, initiated by the Bank of England around 1700 but kicked into high gear in 1971 with the international abandonment of gold settlement, nobody ever thought that the day would come when we’d find our ball park filled nearly to the brim. Who ever thought that oil production would hit a limit? Who knew that every acre of arable land, and then some, would someday be put into production? How could we possibly fish the seas empty? Yet all of these things have come to pass, and our monetary system demands that even more follow.

 

This is clearly an unsustainable arrangement. Someday soon, it will cease to be.

 

Repeating an opening sentence, our choices now are to either evolve a new economic model that is compatible with limited physical resources, or risk a catastrophic failure of our monetary system, and with it the basis for civilization as we know it today. I wish this collision between a finite planet and an exponential money system was far off in the future. Alas, it is certainly within the lifetime of people alive today, and likely already upon us.

 

We are leaving a legacy of debt to our children, born and unborn. Just as the direct printing of money favored by Wiemar Germany in the 1920s destroyed German’s purchasing power, so, too, does America’s debt accumulation promise to ruin our economy. Thus the moral argument beneath exponential growth in a finite context is: Should one generation consume beyond its means and either expect or hope that the next generations will somehow pick up the tab?

 

In summary, because our economic model and our entire system of money enforce a doctrine of limitless growth, they have become anachronisms incompatible with the well-being of the planet on which we live and depend. Our global money system might be complicated, and it might be sophisticated, but it is soon to be a vestige of the past.

 

Your job, your savings, your investments, and your future prospects and standard of living depend on the continuation of an unsustainable system now drawing to a close. You owe it to yourself to get ahead of the immense changes that are coming like water roiling up the steps towards the bleacher seat to which you are chained.

 

Next time: We’ll use this understanding of our monetary system to examine where we are, and solutions that you and your community should consider before the system collapses. Remember, the end of one thing is always the beginning of another.

 

 

[ 1 ] Having trouble picturing a trillion? Think of it this way: If you had a single thousand-dollar bill, you could have a pretty good night on the town with your friends. If you had a stack of thousand dollar bills that was 4 inches high, you’d be a millionaire. If you had a stack just 40 inches high, you would be worth ten million dollars. How high would your stack have to be in order for you to be a trillionaire? The answer is, a solid stack of thousand dollar bills 68.9 miles high.

 

[ 2 ] If you need more help on this concept, please visit chapters 7 & 8 of my free, on-line Crash Course at http://chrismartenson.com/crashcourse.

 

[ 3 ] I gained a much deeper appreciation for the power of exponential functions from transcripts of speeches given by the mathematician Dr. Albert Bartlett. This link http://www.globalpublicmedia.com/transcripts/645 goes to an exceptional example of his ability to make this complex subject startlingly clear.

 

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IMO the Chris Martenson videos cover such an important subject, and in such an accessible way, that I am going to continue plugging his site.

For that reason I've moved this 'educational' thread to the top area of this forum.

 

----------------

 

The latest from Chris:

 

 

09/07/2008

 

Hello.

 

There is a new Martenson Report ready for your viewing.

 

Fannie And Freddie Bailed Out - What Does It Mean?

 

In this Martenson Report, I explore the implications behind the Fannie and Freddie bailout that was just announced and make the case that our entire banking system is insolvent. This creates some obvious conflicts that need to be understood.

 

Two snippets:

 

Like it or not, the interesting times have arrived. With this weekend’s nationalization of Fannie and Freddie, and other such bailouts of a financial industry beset with self-inflicted wounds (actions I predicted some 4 years ago), we have now crossed a line.

 

And:

 

This is the earliest stage of direct monetization of our financial woes, in a desperate attempt to sustain the unsustainable. Success here has such a razor-thin probability that I pretty much discount it to zero. On one side lies deflation and the destruction of our entire financial system, and on the other side lays monetary printing and an attendant loss of faith in the (fiat) dollar, leading to hyperinflation. The deflation side is an historically weak bet, as inflation has nearly always been the preferred route.

 

Your faithful information scout,

Chris Martenson

 

--------------

 

Register on his website and you'll be able to see more generally. Unfortunately this report is only for paid subscribers :(

 

 

 

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Hey! Where's The Next Darned Crash Course Chapter?

http://www.chrismartenson.com/blog/hey-whe...se-chapter/4599

 

I just finished the final writing and editing for Chapter 18. It will be recorded tomorrow morning, edited throughout the afternoon, and then finally produced and posted. Tomorrow afternoon is my goal. This chapter is among my best work ever.*

 

Chapter 19 is done, but is awaiting Chapter 18's release. I plan to have 18 out for a couple of days before "going live" with Chapter 19.

 

Chapter 20 sits before me like an opposing linebacker. I have the framework, I know what I want to say (I think), but it always turns out that it takes far more effort than I suspect. I will get to it as fast as I can. (Two weeks?)

 

 

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Chris has improved his website, and now there are more interesting articles on it.

For example:

 

The Real Reason Commodities are Tumbling

http://www.chrismartenson.com/blog/real-re...e-tumbling/4554

 

I happen to fully believe that our markets are being largely influenced by official acts, both overt and covert. My logic is simple; where motive and opportunity co-exist, the burden of proof shifts to the accused.

 

The Central Banks and the Treasury had a powerful set of motives to shift money away from commodity hedge funds and into the stricken banking system. Their opportunity is both well characterized and self-evident, so I won't go into that here.

 

Don't miss the comments.

 

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