Crash Course: Chapter 12 – Debt by Chris Martenson
March 14th, 2011
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. www.chrismartenson.com
@flagship21, the government maintains a status quo making everyone think all is ok.
college is no longer self liquidating.
This system is obviously contrived as a conspiracy of the super-rich to enact global control.(kiyosaki actually wrote a book about it)
It has been so for hundreds of years. yet this is by far their most successful round.
The money bubble is caused by government and banks the fund governments. Protect yourself. Get out of debt. Own commodities you need. Get a real skill. Reduce your expenses. Invest in inflation hedges like gold, silver, and commodities that have real value. Most of our economy is based on sheer luxury. We need air, water, food, shelter, energy, clothing, and friends. We have a luxury based society based on debt, financed by more debt. Take away debt and prices collapse. Protect yourself.
Real Naughty brides are there world5.info
hi chris thanks for the information what do you think of silver and gold as they print more money
what about the multiplier effect of non liquidating debts would this not create more jobs
How come the average person lives in denial ????
@kikrlbs well.. unless ur dad is bush or obama, it’s usually not their fault.
So forget the Mississippi bubble, the South Seas bubble, the dot-com bubble, and even the housing bubble… what we’re in now, is a MONEY BUBBLE! With extra thanks to things like derivatives, where money can be made from money, money itself has become intrinsically separated from value, a bubble by definition, and not just in a single country, but this is happening all around the world. What happens when the money bubble bursts? It hurteth my mind just thinking about it!
@Acrobat747
Dude it was only the first 2 increments on the y axis, and if you look closely at the graph, there is a line imbetween it nyway that he forgot to number. the guy isnt dishonest, he just made a small mistake with his graphing. hes not a con man u N00B XD
theres a “money printer” that was made in china somewhere and the US CAN PRINT OFF AS MUCH MONEY AS IT WANTS (but they have to pay a bit to HP for using their printer paper) to PAY ALL DEBT. But if the debt is in foreign currency then too much inflation will devalue the currency and we will have to pay more $ for each euro of debt.
Hmmmn yes, razor blades on standby.
DUDE, I CANT PICTURE A STACK OF $16 TRILLION….
@elboertjie here here, death to all debt collectors.
I think he drives home one point, a future in crisis! How much debt does it take to enslave a nation? Find out as our nation is consumed away!
Chris says that all debt isn’t bad because as an investment, it encourages growth, but a lot of this crash course is based on how growth is unsustainable.
After watching these awesome videos, one friend said..
“So (cough), that means I don’t have to give the £40.00 I borrowed from you.”
“Eh?”
“Well, money is made from thin air. So since there was no money in first place, then I don’t have to pay you the money.”
“Listen you..”
“Nah. You can’t argue over something that never existed. It was just paper and..”
Little knowledge is dangerous. He should be a lawyer and whup the impersonating corporate magistrates.
I’m afraid war is the only way once again to make “the future larger than the present”, because it conveniently brings all accounts back to zero. Unfortunately, this time it might bring the world population counter to zero too.
A third option would be if the creditors were to disappear…
International banksters via their currency cartel and control of issuance of money and control of governments has used money as a means to transfer wealth from the value creators/producers to themselves and their chosen corporations.
It has all been based in fraud and thus all wealth and assets must be returned to the rightful owners–value creators/producers. All the assets listed in the CAFRs are due/owed to the beneficiaries–the American People.
A birth certificate is a trust receipt. It’s a receipt for a trust deposit. Your mother unknowingly created a grantor trust for you with you as thegrantor/beneficiary. The trust deposit has been fraudulently commingled with others and sold in various financial markets. The assets are to be disbursed to the beneficiary–you.
Composite govt has more than enough annual ROI to fully fund all its operations without need for collecting a penny in taxes .Government can self finance its operations. More below. Keep in mind that this highlights the problem not the solution. For govt has far to many programs and operations which the vast majority hinder abundance, health and prosperity.
All US governments, fed, state and local and govt municipalities keep a second set of books. Each govt municipality reports the funds each year in CAFRs (Comprehensive Annual Financial Report).All combined composite government has over 110 trillion dollars in assets listed in the CAFRs and owns 80% of the NYSE and NASDQ. The average annual ROI is 14%. Tha’st over 14 trillion dollars a year in revenue each year. And the mainstream media is stone-cold-silent about it.
13000 years ago (10000BC) average longevity was 26 years.
It took 11000 years to increase human longevity by one third.
200 years ago (1800AD) longevity was about 38 years.
Today, 210 years latter the average age at death is 67 years. That’s nearly double the longevity. And that’s despite many intentional hindrances to longevity research and development over the last seventy years.
The solution will significantly accelerate the boot-strapping of an ageless future.