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Title: Crash Course: Chapter 10 - Inflation by Chris Martenson
Added: Feb 27, 2009
Author: ChrisMartensondotcom
Duration: 11:49
Description:
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
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Channel: News
Tags: 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
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
Youtube Comments: 241
coolin7000 Says:
Jul 29, 2011 - I dont understand this, will someone please explain why the orange is not one dollar? Why does the orange cost ten just because theres 10 in the lifeboat?why doesnt it just cost $1, will someone explain this rationally?
clairishe Says:
Jul 30, 2011 - @chiasmid Wrong. Moral of the story: degree's won't matter when hyper-inflation sets in. We have to stop the printing NOW
elektron2kim Says:
Aug 2, 2011 - @coolin7000 The best logic is that the seller prefer $10 over $1. In regards to this specific example, it's about the statement of "inflation is everywhere and always a monetary phenomenon." - Inflation is linked to the money, but it also relates to the things wanted and needed. Money can be replaced by apples and so forth, but is very impractical.
coolin7000 Says:
Aug 2, 2011 - So.. Simply, inflation is simply the raising of prices for no apparent reason except for greed...simply put...all this "extra printing of money" has no relevance because just because more money is printed does not constitute higher prices. this is ridiculous..human nature
elektron2kim Says:
Aug 2, 2011 - @coolin7000 You put it very well, but also add the debts and interests created where the money gets printed or digitally summoned into existence.
quixgofar Says:
Aug 20, 2011 - One word - GOLD!!
jms8220 Says:
Sep 8, 2011 - have a question that might sound dumb, but im being serious, and i know this vid is the best place to ask it. Why can't you just take off one zero from all the currency so now our $10 bill is relatively worth $100 in comparison to other currencies. I'm sure im missing something important here, but I cant figure out why that wouldnt work. Also, i cant understand why it even matters what our dollar is worth in comparison to others' money. so it takes 2 of ours for 1 of theirs who cares?
BigKidCountry Says:
Sep 16, 2011 - ALL THIS VID IS MISSING IS THE OVERLAY OF FEDRAL RESEVRE HISTORY 3 TIMES IN US HISTORY HAVE WE HAD A NATIONAL BANKS
hdkollias Says:
Sep 19, 2011 - Expect higher food costs this year because of food supply problems in Asia. Google and read - "loss of food supply in asia could lead to skyrocketing food costs"
jim381 Says:
Oct 4, 2011 - @jms8220 Other countries have done that on numerous occasions, but it wouldn't change anything because all of the numbers would have to change proportionally. If $100 turned to $10 and your annual wage was $40,000 then you'd have to take the same cut or your employer couldn't pay you. If it's done then it's done for convenience so that people aren't walking around with $100 billion bills like in Zimbabwe.
jim381 Says:
Oct 4, 2011 - @jms8220 Other countries have done that on numerous occasions, but it wouldn't change anything because all of the numbers would have to change proportionally. If $100 turned to $10 and your annual wage was $40,000 then you'd have to take the same cut or your employer couldn't pay you. If it's done then it's done for convenience so that people aren't walking around with $100 billion bills like in Zimbabwe.
jim381 Says:
Oct 4, 2011 - @jms8220 for a good story about fake money then read the history of Brazil's Real. It's actually called the Real for a reason. Google "How Fake Money Saved Brazil." It's interesting.
jms8220 Says:
Oct 4, 2011 - @jim381 wow, thanks for that! very interesting! and see, everyone keeps saying my idea wouldnt work lol but in a way it already has, im gonna show that story to my econ teacher thanks again.
ElGrandeBanana Says:
Oct 22, 2011 - Okee, we're fucked,..
mentorgratis Says:
Oct 26, 2011 - I agree absolutely, one key ingredient of capitalism, is its massive component, before capitalism only the rich and noble could afford what many people nowadays enjoy, that´s because things decrease in price because they were cheaper to produce thanks to technology. So Capitalism by its own nature is about decreasing prices, so how come that all of the sudden is all about increasing prices. Monetary Policy, you got it!!!!
philyB08 Says:
Dec 12, 2011 - So war equates to the fact that the reserve gets to print mre money on the promise you'll pay back with interest but they don't even have enough gold to be printing that amount of money? This is basic stuff yet people live their lives and let crooks do this? Is'nt it supposed to be monitered? 9 to 1 as i remember it to be.
ReviewsByErik Says:
Dec 14, 2011 - @ptu1969 EXACTLY - This is why commodities are king and ALWAYS king - regardless of what the market prices dictate.
RapsAlive Says:
Dec 25, 2011 - Support Ron Paul.Less government spending, less taxation to American Citizens, a budget plan that works.This man has been fighting for your personal freedom and the separation of congress from big business for years. He stands against draconian bills like SOPA, NDAA and the Patriot Act.He has fought against the war on drugs, the foreign wars, and corporate bail outs.Vote for liberty this year. Vote for real change.Thumb up and spread the message!
nowzadick Says:
Dec 30, 2011 - we do not have wars here, so how we have inflation?
ott0Kitam Says:
Jan 4, 2012 - @nowzadick You don't, no one does... Its impossible to have circulatory inflation, this guys just further miseducating peopleThere is no such thing as circulatory inflation, how can there be... when all money exists as a collateralized debt? How could you borrow more than the value of the related wealth?What we experience, is price inflation, due to circulatory deflation... That is, we have high prices coz there's not enough money circulating
519ER4LIFE Says:
Jan 26, 2012 - In a sence terrorist's won the war. They succeeded in destroying our country through inflation. They used our governments greed against us.
manhunter9 Says:
Feb 2, 2012 - Propaganda piece that ignoes how real wages have risen in sync with inflationok so cost of living was stable in the 1800s so what? hourly wage was less than a dollar back then LOLstay informed
RMT87 Says:
Feb 4, 2012 - @manhunter9 "... This theory (money neutrality which you are describing) ignores the fact that while wages and prices have gone up together, the impact has not been uniform across all sectors. the process produces undeserving winners and losers. losers are typically those americans who are prudent savers and those living on pensions whose fixed returns are devalued by inflation. winners are typically those using leverage as well as those with a better understanding of inflation..."
RMT87 Says:
Feb 4, 2012 - @manhunter9 "...and the resources to hedge against it with hard assets such as gold, land and fine art. the effect of creating undeserving winners and losers is to distort investment decision making, cause misallocation of capital, create asset bubbles and increase income inequality. inefficiency and unfairness are the real costs of failing to maintain price stability" Currency Wars by James Rickards. LOL stay informed yourself.












Distortion0 Says:
Jul 28, 2011 - @klinok19 They claim its because of volatility, which makes sense for month to month calculations but just seems lazy over the long run.