Crash Course: Ch. 10 - Inflation (Pt. 2) & Chapter 11 - How Much is a Trillion? by Chris Martenson

[stocktradinginvestor]

Nixon didn't have a choice but to close the gold window, it was either bankruptcy now or later. Either we let them raid the gold vaults and exchange their dollars for GOLD until it's all gone, or we stop letting them, and keep our gold. What would you choose.

[maltodextrin1000]

HEY I'M FROM SPRINGFIELD, MA !! :)

[BatusaiJack]

driving along brrrrr.... funny

[fasterr23]

What would happen if people just started burning money? Would the value go back up?

[TWSceptic]

@fasterr23 Not really, only a small part of all money is in paper. Most of it is digital. Even if the richest people would change all their digital money into paper and then burn it, this would still change little in terms of money supply. And even if enough people would do this, it would not increase the value, because the economy would shrink, deflation would start, and the fed would start to create new money again So there is no way you can make this system healthy The system itself is flawed

[ehswan]

My simplistic measure of a trillion dollars is: if you were to spend $1,000 dollars each minute 24/7, how long would it take you to spend 1 trillion dollars?....30+ years!

[MountainLinefilms]

But i think it has to do with Obama. :)

[RePetes1]

@MountainLinefilms

-Surely, you are kiddin´ ..-Right..?

[MountainLinefilms]

@RePetes1 Sorry im not a nerd in this

[RePetes1]

@MountainLinefilms

Well, ok,-me neither- but as i recall it, the "two wars overseas" which sky-rocket´ed non-retrievalable spendings (..way beyond revenue created by P.Morris tobacco and McDonalds-franchises in the liberated happy-lands:)

-was´nt engaged by Obama..

Hardware, munitions, fuel, provisions and salaries for troops, added on the cost´s of logistics-contractors, -like Cheney´s 'Halliburton'- are, -however fiercely serviceminded- massively expensive..

-Not due to the healthcare-reform.

[MountainLinefilms]

@RePetes1 That helped, Thanks.

[MountainLinefilms]

Got no clue what this is :P

[enemdy]

US debt will be a fukinllion in a bit more time..

[ehswan]

I can better imagine a trillion dollars as spending $1,000  min. for 30 years!!!!!!!!!!

[Sykarus]

hmmm, I don't know is this stuff for real?

[moodphase5]

@Sykarus YES!

[tndavey5]

In my opinion, with numbers such as billions & trillions, its best to imagine how it would be divided among the population & also what people can buy with it. With a population of 300 million...

1 billion = $3.33 per person: a drink at a coffee stand or lunch @ Burger King.

1 trillion = $3,333: a used car or new appliance.

13 trillion, the current national debt: = $43,333 per person - a years salary of a typical middle class worker.

I think this better reflects the weight of the problem.

[koloss999]

I find it MUCH more useful to express the amount of money a government spends on a per capita basis.

[jarocho57]

Porque no todas las personas tienen el interes o los conocimientos basicos de economia y finanzas. Es por eso que no comprenden lo que el Christ nos quiere compartir.

Christ no te preocupes por lo que te digan.

Otros temas son para las MASAS.

Somoos una Elite que intelectualmente te comprendemos y entendemos.

GRACIAS POR TUS COMENTARIOS AL RESPECTO DEL SISTEMA.

La capacitacion es cara pero mas cara es la ignorancia.

[jamezbond78]

I think the fundamental flaw with fiat money is the ability of the central bank to create money out of nothing. How can you create something out of nothing. You can't! Anything that is created out of thin air, needs to be replenished. In other words, the exponential inflation that has acrued over time, is basically the wealth that we have stolen from future generations.

[RoarsLikeDrawers]

I find it easier to think about trillions in terms of seconds.

1,000 seconds = 16.6 minutes

1,000,000 sec = 11.5 days

1,000,000,000 sec = 31.7 years

1,000,000,000,000 sec = 31709 years

[rodolphesimon]

Get used to Quadrillion, that's comin' up next.

[WhatsUpWithOurWorld]

These videos are definetly for newbs and amateurs who know nothing about economics. Thats why the average gets suckered. Anyone with common sense could figure all this out.

[vanityfox451]

Why not Google :-

"Chris Martenson"

...and visit the actual site? There, you'll find an exponentially growing community of 110,000 hits per month, with blogs, threads and films dedicated to those that don't have all the answers. I think you'll find there is more for you to learn there than you could teach.

[CHB1285]

how this video have only 4667 views?

[Gollywog]

700more in one day. Dont worry the word is spreading

[slayermn73]

you tube lies about viewers numbers

[lucinos19]

In many cases you tube is not counting viewers. but I think that is not the case this time. Most people have seen these at the site. I seen these videos but it is the first time I see them on youtube (only to see the comments).

[DontTread0nMe1776]

And they say that "only" 3% of all the dollars in circulation are actually in printed paper form, after seeing this somehow I doubt .001% are actually in paper form. The "fed" quit sharing the M3 data in 2006 so we have no clue how many dollars are even in circulation, but I think it is safe to say WAY more than anyone thinks and record levels.

[bluzy25]

great video!

[sharmabhay]

great trillion explaination !!!