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Title: Crash Course: Chapter 12 - Debt (2 of 2) by Chris Martenson

Added: Dec 29, 2008

Author: ChrisMartensondotcom

Duration: 6:32

Description:
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. 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: 21

CosmosPrivateer Says:

Feb 5, 2009 - Nothing is truly done to put money back in our pockets. NOTHINGWe could have almost free energy which means we could drive our cars for almost nothing.We have no clue how to take care of each other.

CosmosPrivateer Says:

Feb 5, 2009 - Paid slave labor. We are all slaves to the system. The elite at the top of the pyramid are the ones that we are slaves to.It has almost always been that way.

quuaa1 Says:

Feb 13, 2009 - He's wrong about Global warming and peak energy, but it's fascinating about his views on the financial market.

dellwon Says:

Feb 25, 2009 - the system is broken. amazing stuff. won't find this on cnbc!

MohammadX101 Says:

Sep 7, 2009 - sounds like the "elites on top of the pyramid" are really a group of smart monkeys.it hasn't always been this way either. there are numerous periods, some centuries long, were nations had hard currency and free from this kind of crap, including in this free and democratic society such as ours.

LastReplaySC Says:

Oct 28, 2009 - between 2013 & 2015 you will see if he's wrong on peak oil .... untill then save and prepare it would be stupide not to!

MCdogma77 Says:

Feb 20, 2010 - Always remember that when you fuck with the bull too much.... i.e the general public, you will eventually get the horns. I am not really thrilled about being the one who has to go out into the night and violently take back what was taken from me before I was born, but since this contract was written in greed and signed with my future sweat..... I have no choice but to accept this fate as do all the rest of us.

ziggy2sound4u Says:

Jun 22, 2010 - Of course the future is not "larger" than debts past, because the family unit has shrunk and also wages as businesses have fled overseas.Many have already defaulted on their debts(home mortgages and credit cards), as loss of jobs have happened to over 6 million Americans.

airharm Says:

Sep 10, 2010 - If you mean saving money then I laugh lol

LastReplaySC Says:

Sep 13, 2010 - save your options and resources ...... the money is irrelevent

airharm Says:

Sep 13, 2010 - Makes sense

enotdetcelfer Says:

Jan 10, 2011 - I got the answer!!! Aliens! They give us enough technology that we can each be as productive as a factory of over 9000 workers and we spread out to infest the solar system. Boom. Problem solved.... you're welcome.Srsly tho great series.. very clear and apolitical. I am forwarding this. Thx ^^

pismo10 Says:

Feb 2, 2011 - I would like to see an update to this and hear his response to the trillions more spent in the last 2+ years since this was made.

pheromoneaction Says:

Apr 12, 2011 - Really enjoyed you video informative. When you have time come visit my channel!

dishesdealer417 Says:

Dec 7, 2011 - The debt has tuberculosis? He said it was consumptive. Okay sorry, medical humour

TWSceptic Says:

Jan 25, 2012 - This series need more views. US is fucked.

JoshuaThia Says:

Mar 29, 2012 - There are two ways to conquer and enslave a nation. One is by the sword.. The other is by debt. - John Adams 1826

spiritartman Says:

Apr 17, 2012 - Wrong,!! The System is the Constitution it is not broken - it's just not followed!! Sorry had to correct you. the people who don't follow it are broken. It is up to us to get it back!

JohnnyUltra305 Says:

May 29, 2012 - By Debt, Germany is doing to Europe what Hitler could only dream of!!!! Enslave it without a gun!!!!

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