The Crash Course
By Chris Martenson
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The Crash Course
|1||VideoCrash Course: Chapter 1 - Three Beliefs by Chris Martenson||Chapter 1 (Three Beliefs): Dr. Martenson states his three beliefs: massive change is upon us, that change may overwhelm our ability to respond, and that we do not lack the technology or understanding necessary to build a better future. The next 20 years are not going to be anything like the past 20 years. http://www.chrismartenson.com||12/25/2010||Free||View In iTunes|
|2||VideoCrash Course: Chapter 2 - The Three E's by Chris Martenson||Chapter 2 (The Three "E"s): Understanding our current situation requires acknowledging that the Economy, Energy, and the Environment are all related; in short, that each "E" influences, and competes for our attention with the others. We have never simultaneously faced these issues at such levels, yet none of them can be solved in isolation. http://www.chrismartenson.com||12/24/2010||Free||View In iTunes|
|3||VideoCrash Course: Chapter 3 - Exponential Growth by Chris Martenson||Chapter 3 (Exponential Growth): The most important Key Concept of the Crash Course, exponential growth, demonstrates how world population, oil consumption, U.S. money supply, water use, forest loss, species extinction, and fishery exploitation are rapidly reaching their natural limits. The implications for your life are powerful, and demand attention. http://www.chrismartenson.com||12/23/2010||Free||View In iTunes|
|4||VideoCrash Course: Chapter 4 - The Power of Compounding by Chris Martenson||Chapter 4 (The Power of Compounding): Compounding, the first Key Concept of the Crash Course is explained in this installment. Dr. Martenson draws on a paper by Dr. Albert Bartlett explaining the dangerous implications of steady rates of growth, from oil consumption to population: as Chris says, "With exponential functions, the action only heats up in the last few moments". http://www.chrismartenson.com||12/22/2010||Free||View In iTunes|
|5||VideoCrash Course: Chapter 5 - Growth vs. Prosperity by Chris Martenson||Chapter 5 (Growth Vs. Prosperity): Contrary to what we've grown used to, growth is not the same thing as prosperity. In fact, growth and prosperity are both dependent on the same thing: surplus. Dr. Martenson explains how we've been conditioned to want, and to take, both growth and prosperity; however, we are approaching the limits of our physical, finite, earth - the amount of surplus is steadily declining. http://www.chrismartenson.com||12/21/2010||Free||View In iTunes|
|6||VideoCrash Course: Chapter 6 - What is Money? by Chris Martenson||Chapter 6 (What is Money?): What is a dollar? Sure, it allows us to buy things like food, cars, and iPods; yet, most of us don't really understand money beyond that. Dr. Martenson not only provides an understandable definition, but also explains what gives our green pieces of paper value, and what dangers any currency must face. http://www.chrismartenson.com||12/20/2010||Free||View In iTunes|
|7||VideoCrash Course: Chapter 7 - Money Creation by Chris Martenson||Crash Course Chapter 7 (Money Creation): Understanding how money is created provides a foundation for appreciating the implications of our massive levels of debt, because it tells us how that debt came into being. As John Kenneth Galbraith once said, "The process by which money is created is so simple, the mind is repelled." Dr. Martenson walks us through this simple process of fractional reserve banking. http://www.chrismartenson.com||12/19/2010||Free||View In iTunes|
|8||VideoCrash Course: Chapter 8 - The Fed by Chris Martenson||Chapter 8 (The Fed Money Creation): Chapter 7 explained money creation via money loaned into existence by banks, on the local level. Chapter 8 explains money creation by the Federal Reserve, where we learn that it is manufactured out of thin air. Perpetual expansion is a requirement of modern banking. The banking system MUST continually expand, because that is how it was designed. By understanding the requirement for continual expansion we will be in a better position to make informed decisions about what is likely to transpire and take meaningful actions to enhance our prospects. http://www.chrismartenson.com||12/18/2010||Free||View In iTunes|
|9||VideoCrash Course: Chapter 9 - A Brief History of U.S. Money by Chris Martenson||Chapter 9 (A Brief History of US Money): Beginning with the panic of 1913, this chapter touches on important events in the history of US money, such as the creation of the Federal reserve, FDRs confiscation of private gold, the Bretton Woods agreement, and Nixons slamming of the gold window. We learn that the current international monetary system of unbacked currencies is only 37 years old, and is operating outside of the standards established by the Bretton Woods agreement. The system were operating within has not been planned or designed: it emerged out of a crisis. Dr. Martenson also provides graphs of total US Federal Debt, and Total US money stock, both of which are growing with no end in sight. http://www.chrismartenson.com||12/17/2010||Free||View In iTunes|
|10||VideoCrash Course: Chapter 10 - Inflation by Chris Martenson||Chapter 10 (Inflation): Dr. Martenson establishes inflation as a monetary phenomenon, defined as the decrease of the value of money, caused by too much money around in relation to goods and services. From 1665 to 1776, 111 years, there was absolutely no inflation. From 1665 to 1905, 240 years, the cost of living stayed roughly the same, aside from brief jumps during wars. Unfortunately for us, there was no settling in terms of inflation after World War I or World War II. The military apparatus was not dismantled, and inflation has accelerated to astonishingly high levels. http://www.chrismartenson.com||12/16/2010||Free||View In iTunes|
|11||VideoCrash Course: Chapter 11 - How Much is a Trillion? by Chris Martenson||Chapter 11 (How Much Is A Trillion?): Recently, we have gotten used to hearing the word "trillion." From trillions of dollars of government debt to trillion dollar bailout packages, we are spending enormous sums of money. However, most of us dont realize how much a trillion actually is. Dr. Martenson explains how much a trillion is using a few examples, such as a 67.9 mile high stack of $1,000 bills. As he concludes: "Make no mistake, a trillion is a very, very big number and we should not be lulled into complacency simply because it is too big to really get our minds around. That should drive us to action instead." http://www.chrismartenson.com||12/15/2010||Free||View In iTunes|
|12||VideoCrash Course: Chapter 12 - Debt by Chris Martenson||Chapter 12 (Debt): Dr. Martenson explains how, since debt is a claim on future money, it is therefore a claim on future human labor. To put it simply, debt is future consumption taken today. Key Concept 7 is introduced, that "ever-growing debts implicitly assume that the future is going to be larger than the present." Dr. Martenson challenges this assumption, and what it means for us if that condition of growth is not met. http://www.chrismartenson.com||12/14/2010||Free||View In iTunes|
|13||VideoCrash Course: Chapter 13 - A National Failure to Save by Chris Martenson||Chapter 13 (A National Failure To Save): "The next twenty years are going to be completely unlike the last twenty years." -- Dr. Martenson. Chapter 13 begins his explanation for this deeply held belief. On every level of our society, there has been a failure to save. Individuals, cities, counties, states, and corporations have all failed to save, but, more importantly, so has our federal government. Our government has pursued a reckless policy of debt accumulation, while neglecting saving and investing, leading to Dr. Martensons claim that the United States is insolvent. Insolvency, which occurs when ones liabilities exceed assets, is first step on the road to bankruptcy. http://www.chrismartenson.com||12/13/2010||Free||View In iTunes|
|14||VideoCrash Course: Chapter 14 - Assets & Demographics by Chris Martenson||Chapter 14 (Assets & Demographics): Having examined our nations current, never-before-seen level of debt, as well as our failure to save, we now move on to look at our assets. Key Concept 8 is introduced, that debts are fixed, but assets are variable, sometimes gaining and sometimes losing. Dr. Martenson examines Americas assets, especially in light of our current demographic situation. The effect of the baby boomer generation is specifically considered, with the conclusion that the next 20 years are going to be completely unlike the last twenty years. http://www.chrismartenson.com||12/12/2010||Free||View In iTunes|
|15||VideoCrash Course: Chapter 15 - Bubbles by Chris Martenson||Chapter 15 (Bubbles - Part 1 of 2): Throughout the long sweep of history, the bursting of asset bubbles has nearly always been traumatic. Social, political and economic upheavals have a bad habit of following asset bubbles, while wealth destruction is a guaranteed feature. Four characteristics of bubbles are observed: that they are self-reinforcing on the way up (higher prices become the justification for higher prices); once they pop, the game is suddenly and permanently over; they are roughly symmetrical in time they take to peak and fall; and they are roughly symmetrical in price, returning to their pre-bubble status. Dr. Martenson concludes that the housing bubble is itself just a symptom of a credit bubble, leaving a final catastrophe of the currency as our most likely outcome. http://www.chrismartenson.com||12/11/2010||Free||View In iTunes|
|16||VideoCrash Course: Chapter 16 - Fuzzy Numbers by Chris Martenson||Chapter 16 (Fuzzy Numbers): Dr. Martenson explores how inflation and GDP are measured, how their measurement has changed over years, and what that means concerning the integrity of these government statistics. Substitution, Weighting, Imputations, and Hedonics and their effects on calculating inflation and GDP are each examined. Dr. Martenson traces the social impact of these shady statistics, and finishes by showing how a dishonest determination of inflation further deforms an already flawed GDP calculation. http://www.chrismartenson.com||12/10/2010||Free||View In iTunes|
|17||VideoCrash Course: Chapter 17a - Peak Oil by Chris Martenson||Chapter 17a - Peak Oil: Energy is the lifeblood of any economy and a steady supply of energy is necessary to maintain the status quo, while an ever-increasing supply is needed to grow an economy. In this chapter, Dr. Chris Martenson explains that Peak Oil is not a theory, rather it is a description of how oil production increases over time, reaches a peak, then declines. Evidence points to a global production peak in the near future, which is troubling since the U.S. imports two-thirds of its oil and relies on it to much of its transportation and food production needs. http://www.chrismartenson.com||12/9/2010||Free||View In iTunes|
|18||VideoCrash Course: Chapter 17b - Energy Budgeting by Chris Martenson||Chapter 17b - Energy Budgeting: Petroleum has supplied the surplus energy that has allowed for social complexity, industrialization, and the modern conveniences that we enjoy. In this chapter, Dr. Chris Martenson explains that in the future our supply of surplus energy will decline due to the fact that increasing amounts of energy will be required to produce new energy. When poor net energy (ERoEI) returns are paired with peak oil production, it points to a return to a less complex society. http://www.chrismartenson.com||12/8/2010||Free||View In iTunes|
|19||VideoCrash Course: Chapter 17c - Energy and the Economy by Chris Martenson||Chapter 17c - Energy and the Economy: What if our exponentially-based economic and monetary systems are really just an artifact of oil? What if all of our rich societal complexity and all of our trillions of dollars of wealth and debt simply are the human expression of surplus energy pumped from the ground? In this chapter, Dr. Chris Martenson predicts what will happen when economic, population, and energy growth reach their natural limits. http://www.chrismartenson.com||12/7/2010||Free||View In iTunes|
|20||VideoCrash Course: Chapter 18 - Environment by Chris Martenson||Chapter 18 -(Environment): The entire human population reached three billion in 1960, and today more than twice that number of people live on earth with rapid growth expected to continue in the future. Unfortunately, an increasing population increases the demand for earth's natural resources. In this chapter, Dr. Chris Martenson explains that since the easiest-to-extract, most abundant natural resources are extracted first, our growing population will have to deal with scarce, energy-consuming, low-grade resource availability in the near future. http://www.chrismartenson.com||12/6/2010||Free||View In iTunes|
|21||VideoCrash Course: Chapter 19 - Future Shock by Chris Martenson||Chapter 19 (Future Shock): Debt, money creation, population, and energy production have all experienced unsustainable exponential growth in recent years. This fact, when paired with the housing bubble, 'boomer' retirements, peak oil production, a national failure to save money, and excessive exploitation of natural resources, is cause for alarm. In this summary, Dr. Chris Martenson encourages us, "to return to living within our natural and economic budgets." The next twenty years are going to be completely unlike the last. Please visit http://www.chrismartenson.com/crashcourse to view the final chapter of the Crash Course, Chapter 20: What Should I Do? Thank you for viewing the Crash Course.||12/5/2010||Free||View In iTunes|
This course is essential
Where is the final chapter though?
I will give it the full 5 stars when I see the last part.
Great series of podcasts
This is a great podcast series and it is great that the crash course is on iTunes.
Chapter 17a will not download, however, so there may be a problem with it.