Chris Martenson: A Crash Course
Short, simple video “course” on the financial system, peak oil, etc.
I suspect he’s nuts; the ranting about Fractional Reserve Backing, Money is Debt, retreat from the gold standard, Bretton Woods conspiracy, Nixon’s “shutting the door” on gold, hyperinflation, the US government is insolvent right now, yada, yada.
And he sounds oddly enthusiastic about living in these times of great financial strife.
But where is he wrong?
Interesting bit in Chapter 10 on why deficit spending on wars is inflationary while non-war deficit spending (on infrastructure, for instance) is not; simply put, their is never a return from the war spending, since war spending is for blowing things up. Good illustration of the “Broken Window” fallacy, contrary to the “wars are good for the economy” mantra.
Good bit in Chapter 11 on the size of a trillion dollars. I like this visualization, too.
Pretty depressing stuff…
