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. www.chrismartenson.com

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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

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Join Dr. Chris Martenson as he explains the three E's of the economy, energy, and the environment and how they are interrelated in this condensed version of his three hour Crash Course. As Chris often reminds us in the Crash Course, "The next twenty years are going to be completely unlike the last twenty years."

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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. www.chrismartenson.com

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Chapter 18 - Environmental Data: 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. www.chrismartenson.com

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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". www.chrismartenson.com

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Chapter 3 (Exponential Growth): The most important Key Concept of the Crash Course, exponential growth, demonstrates how world population, oil consumption, US 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. www.chrismartenson.com

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Part 1 of the 6 part UK Crash Course series.

Part1 ukcrashcourse crash course uk economy energy environment intro introduction chris martenson deep water horizon project financial meltdown greece stock market markets information oil petroleum peak output natural resources change changes economists grow growth fed federal reserve gdp exponential Martensondotcom

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. www.chrismartenson.com

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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. www.chrismartenson.com

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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. www.chrismartenson.com

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Part 2 of the 6 part UK Crash Course series.

Part 2:6 UK Crash Course NTSC United Kingdom money loan loaned debt liability liabilities concept Chris Martenson currency monetary system economy perpetual growth banking grow growing predicament GDP pensions default exponential chart graph population cap oil production rate water use forest loss species extinction fisheries exploited linear world exponentially resources peak energy environment Martensondotcom

Chapter 16 (Fuzzy Numbers - Part 1 of 2): 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. www.chrismartenson.com

finance financial crisis economy economic crash course collapse depression 1929 peak oil renewable energy stock market exponential money fiat currency gold silver inflation iraq war bailout bernanke chris martenson ron paul Martensondotcom

Chapter 16 (Fuzzy Numbers - Part 2 of 2): 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. www.chrismartenson.com

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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. www.chrismartenson.com

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Highlights of Chris Martenson's presentation at Audubon Magazine's "Future Scenarios: Energy and Economy", a panel discussion produced by Sea Change Media. The event took place in Greenwich, Connecticut on September 29, 2009.

Audubon future energy environment economy panel Greenwich Connecticut Chris Martenson Crash Course Chris Martensondotcom

Chapter 17b - Energy Budgeting (1 of 2): 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. www.chrismartenson.com

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Chris Martenson's Presentation at Yahoo, Part 1

CM Yahoo Chris Martensondotcom

Chapter 12 (Debt - Part 1 of 2): 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

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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. www.chrismartenson.com

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Chris Martenson's Presentation at Yahoo, Part 2

CM Yahoo 2 Chris Martensondotcom

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. www.chrismartenson.com

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This podcast was originally published on January 16, 2011 "If there's one institution in the US that consistently and repeatedly messes up everything, the Federal Reserve is that institution." So says famed investor Marc Faber in an interview he gave to ChrisMartenson.com this week. In it, Chris and he dive deep into the Fed activity (encouraged by Washington and Wall Street) responsible for the current severe health of our economic system. Both feel that once you understand the nature of the critical role the Fed now plays, you have much better clarity into what the most probable outcomes for our economy and financial markets will be.

Ben Bernanke credit Debt Economy Federal Reserve hyperinflation Inflation Interview Marc Faber podcast Chris Martensondotcom

Chapter 18 - Environmental Data (1 of 2): 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. www.chrismartenson.com

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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. www.chrismartenson.com

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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 US imports two-thirds of its oil and relies on it to much of its transportation and food production needs. www.chrismartenson.com

finance financial crisis economy economic crash course collapse depression 1929 peak oil renewable energy stock market exponential money fiat currency gold silver inflation iraq war bailout bernanke chris martenson ron paul Martensondotcom

Chapter 12 (Debt - Part 2 of 2): 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

finance financial crisis economy economic crash course collapse depression 1929 peak oil renewable energy stock market exponential money fiat currency gold silver inflation iraq war bailout bernanke chris martenson ron paul Martensondotcom

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. www.chrismartenson.com

finance financial crisis economy economic crash course collapse depression 1929 peak oil renewable energy stock market exponential money fiat currency gold silver inflation iraq war bailout bernanke chris martenson ron paul Martensondotcom

Chris Martenson's Presentation at Yahoo, Part 3

CM Yahoo 3 Chris Martensondotcom

Chapter 17b - Energy Budgeting (2 of 2): 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. www.chrismartenson.com

finance financial crisis economy economic crash course collapse depression 1929 peak oil renewable energy stock market exponential money fiat currency gold silver inflation iraq war bailout bernanke chris martenson ron paul Martensondotcom

Part 3 of the 6 part UK Crash Course series.

Part 3:6 UK Crash Course NTSC chris martenson power exponential growth magic eyedropper wembley stadium problem predicament people human history peak oil consumption energy supply demand concept linear world chart graph economy environment resources Martensondotcom

Chapter 10 (Inflation - Part 1 of 2): 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. www.chrismartenson.com

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Paul Brodsky does not trust the bond markets. That position may seem strange coming from someone who has spent most of his professional career trading bonds, but it's precisely this insider knowledge that has led him to start directing investors to safer harbors. In fact, he thinks our credit system is so far out of control that it will cause a massive - and largely unavoidable at this point - devaluation of the US dollar (and most other fiat currencies, as well).

Paul Brodsky Bond Market death Chris Martensondotcom

Chapter 18 - Environmental Data (2 of 2): 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. www.chrismartenson.com

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David Stockman, former US Representative and Director of the Office of Management and Budget under Reagan, does not mince words. He sees the monetary systems of the world coming apart. How did we get here? He identifies the root cause as the intentional over-leveraging of world economies by central planners in a misguided effort to enjoy growth without consequence.

Ben Bernanke bonds credit Darth Vader David Stockman Debt Fed LBO Stocks david stockman chris martenson Chris Martensondotcom

Chapter 17a - Peak Oil (1 of 2): 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 US imports two-thirds of its oil and relies on it to much of its transportation and food production needs. www.chrismartenson.com

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Similar to oil and other key natural resources that are mined and consumed, water is subject to the same exponential trends. Both surface supply and underground fossil stores of clean water are depleting at alarming rates, and the energy & economic costs of extraction are swiftly increasing. Water is our most precious natural resouce (well, perhaps after oxygen). Advances in irrigation in the past century ushered in tremendous prosperity (the "green revolution"), particularly in food production, power generation, and a dramatic increase in the supportable populations for vast regions of land. If the water supply in future years dwindles to less than today's, those societal gains are going to have to retreat to some extent.

Water Peak jack keller Chris Martensondotcom

Chapter 17a - Peak Oil (2 of 2): 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 US imports two-thirds of its oil and relies on it to much of its transportation and food production needs. www.chrismartenson.com

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"Well, I wish I had a more hopeful answer for you. You've nailed it. We really are very likely to face either a disruption violently [by terrorism] or a political decision by OPEC to change the price of oil to $200 to $300 per barrel and literally destroy the global economy." So predicts Robert McFarlane in today's interview, which focuses on current US energy policy and the risks it faces. Mr. McFarlane's many decades of public and private service in both the Middle East and global energy markets make him uniquely qualified to opine on the merits (or lack thereof) of the energy strategy that the US is pursuing. This podcast was originally publish on February 25, 2011 on Chrismartenson.com

chrismartenson robert macfarlane podcast Chris Martensondotcom

Chapter 14 (Assets & Demographics - Part 1 of 2): 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. www.chrismartenson.com

finance financial crisis economy economic crash course collapse depression 1929 peak oil renewable energy stock market exponential money fiat currency gold silver inflation iraq war bailout bernanke chris martenson ron paul Martensondotcom

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. www.chrismartenson.com

finance financial crisis economy economic crash course collapse depression 1929 peak oil renewable energy stock market exponential money fiat currency gold silver inflation iraq war bailout bernanke chris martenson ron paul Martensondotcom

Chapter 14 (Assets & Demographics - Part 2 of 2): 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. www.chrismartenson.com

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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 www.chrismartenson.com to view the final chapter of the Crash Course, Chapter 20: What Should I Do? Thank you for viewing the Crash Course.

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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 $1000 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." www.chrismartenson.com

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Chapter 15 (Bubbles): 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. www.chrismartenson.com

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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. 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. www.chrismartenson.com

finance financial crisis economy economic crash course collapse depression 1929 peak oil renewable energy stock market exponential money fiat currency gold silver inflation iraq war bailout bernanke chris martenson ron paul Martensondotcom

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. www.chrismartenson.com

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This podcast was presented on November 26, 2011 So, assuming the Peak Oil camp is on to something, what's the likelihood for a disruption-free transition to another energy source that can replace the energy output we currently enjoy from oil? There's no shortage of promising claims from new laboratory experiments, and there is a lot of optimism in political and entrepreneurial circles that renewable, alternative forms of energy (wind, solar, biofuels, etc) may be able to fill the "energy gap" in time. How realistic are these hopes? Not very, says Robert Rapier, energy specialist and Chief Technology Officer of Merica International. The problem is one of return on invested energy. It is extremely difficult to create fuels with the same energy-density Nature has concocted over thousands of millennia without using up as much (or more) energy in the process.

Alternative biofuels biomass Energy Interview Peak Oil podcast renewable Robert Rapier Chris Martensondotcom