{"id":78,"date":"2009-04-08T00:29:18","date_gmt":"2009-04-08T04:29:18","guid":{"rendered":"https:\/\/ckms.ca\/?p=78"},"modified":"2009-04-08T00:29:18","modified_gmt":"2009-04-08T04:29:18","slug":"chris-martenson-a-crash-course","status":"publish","type":"post","link":"https:\/\/blog.ckms.ca\/?p=78","title":{"rendered":"Chris Martenson: A Crash Course"},"content":{"rendered":"<p><a href=\"http:\/\/www.chrismartenson.com\/crashcourse\" target=\"_blank\">Chris Martenson: A Crash Course<\/a><\/p>\n<p>Short, simple video &#8220;course&#8221; on the financial system, peak oil, etc.<\/p>\n<p>I suspect he&#8217;s nuts; the ranting about Fractional Reserve Backing, Money is Debt, retreat from the gold standard, Bretton Woods conspiracy, Nixon&#8217;s &#8220;shutting the door&#8221; on gold, hyperinflation, the US government is insolvent right now, yada, yada.<\/p>\n<p>And he sounds oddly enthusiastic about living in these times of great financial strife.<\/p>\n<p>But where is he wrong?<\/p>\n<p>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.\u00a0 Good illustration of the &#8220;Broken Window&#8221; fallacy, contrary to the &#8220;wars are good for the economy&#8221; mantra.<\/p>\n<p>Good bit in Chapter 11 on the size of a trillion dollars.\u00a0 I like this <a href=\"http:\/\/www.pagetutor.com\/trillion\/index.html\" target=\"_blank\">visualization<\/a>, too.<\/p>\n<p>Pretty depressing stuff&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chris Martenson: A Crash Course Short, simple video &#8220;course&#8221; on the financial&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[18,21],"class_list":["post-78","post","type-post","status-publish","format-standard","hentry","tag-economics","tag-uh-oh"],"_links":{"self":[{"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/posts\/78","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=78"}],"version-history":[{"count":0,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/posts\/78\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=78"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=78"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=78"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}