Crash Course: Chapter 14 - Assets & Demographics by Chris Martenson

[djnetmen]

Do you really trust any report from the federal reserve? lmao silly goose

[mrbhave]

3:50 Is there any significance to your use of the word "but" when comparing debts and assets?

[captainandthelady]

Assets=Things that put money in your pocket.

Liabilities= Things that take money out of your pocket.

Pretty simple. You want more money? Then buy things that put money in your pocket.

[99bugout]

Don't worry about anything, the "Meek shall Inherit the Earth" The rest will self emplode.. Live off the grid, stop feeding the beast, and stock up onFood, Water and AMMO, the New World Currency.

[Standuble]

I'm 23 and I don't know much admittedly about assets, and the components of bankruptcy outside of these videos. But I am glad we were told in school about the coming pension crisis and the inability to be able to support an aging population. Knowing when you're a kid you're going to work until you're dead makes it easier to accept when you become an adult.

[DRationalOne]

@Standuble Easier to accept? You should be enraged! Via Social Security and Medicare, the Boomers (the wealthiest demographic) will take away from general society vastly more money than they ever put in and there will be none for you, meaning, as you said, you will work until you die. You're o.k. with that? with being a slave? I guess the U.S. population should hope everyone under 45 years old or so thinks the same as you otherwise there will be blood running in the streets as I believe.

[Standuble]

@DRationalOne I think maybe I've becoming indifferent and apathetic rather than ok about it. I am however not content with being a slave nor did I even suggest that, merely that we were given an opportunity to come to terms with the imperfections of life we will have to face. Perhaps I would also take to arms and riot with the rest of the population but riots won't solve anything, with an aging population the only immediately obvious remedy is mass euthanasia of the elderly.

[paragshah2112]

has anyone else noticed the "hockey stick" pattern if clip times is charted against clip number for this crash course? if charted you will notice the exponential growth concept featured throughout this series o.O

[jackgoldman1]

If you could print $100 for five cents how many would you print? The printing presses will run until the next currency is issued. There will be winners and losers. The can will be kicked down the road until the system breaks down, just like the Soviet Union, Ancient Rome, and others. Individuals steal while the common good and children suffer. Nobody cares. Protect yourself. No one else can or will.

[moby1017]

Zeitgeist - Moving Forward. Watch IT!

[Skyler827]

You are not the Nation. No one voluntarily agreed to the Constitution. No one approved this debt. No one voted for these trillion dollar deficits. This is all theft. They have no right to our labor.

Anarchy, Agora, Action!

[highoctaneman2]

I love how you restate your thesis all the time, I feel like I'm in English class and it makes so much sense.

[Debugas]

old debts never get repaid back in a deflationary way (that is to bring in money destroy the money and the obligation) instead they are always paid back making new loans (in other words to repay old debt you create a new larger one) so we always end up with inflation and not deflation

[tubestick00]

we need population control on earth. if we stop growing exponentially as a race, we'll be fine. if we dont we will surely out grow the planet and ur lives will become ever more restreicted and joyless, untill we're rationed everything, not asloowed to do anything and life will not be worth living.

[10speech110]

Soccball- Quantitative Easing is another word for printing more cash. This is the default on debt by inflation that was mentioned earlier. How do you view this as a positive outcome?

[zonsb]

Money is a poor measure of wealth. A true measure of wealth is how much energy from the environment one unit of human labor can produce/convert to usable energy and how efficiently the usable energy is converted to marketable values.

[zonsb]

A few hundred people, the ultimate powers that be understand this and look upon the world population as human free-range live stock that they can control by controlling the issuance of money and control of government. A few dozen people via their corporate ownership own every central bank, the IMF, Bank of International Settlements and World Bank.

[herbs814]

Reality is a threat to our "entitlement" programs. These programs are nothing but evil pyramid schemes. Social security and Medicare are more evil than anything Bernie Madoff ever did.

[soccerballtux]

Finally, when that cash ceases to exist as it pays off Treasuries, that money exits the system and its inflationary nature goes away.

[soccerballtux]

when a). the government is forced to stop spending so much, and then

b). [and not before a] The Fed injects extra, non-Treasury based cash into the system, just like they have been doing this last year. That would increase the cash::Treasury ratio. As the Treasuries get paid off, that money would cease to exist, and our debt would fall.

It's really not an end of the world scenario, just 2 things are needed: smaller government, and the Fed making the right Quantitative Easing choices.

[soccerballtux]

2nd weakpoint of this series (posted 1st in the previous video)--

~9:40--

"at the inflationary expense of the public"

The Fed's Quantitative Easing program where they purchased $1.whatever T in MBS, has been new cash added to the system that is not accounted for in Treasuries. This means when lending returns to normal, the ratio of money::Treasury debt will be slightly higher.

Of course we're not going to stop spending, but it's worth noting all this can be solved when (see next comment)

[slash3rr]

just a quick question: So inflation is caused by printing/making new money. If you wouldnt do that there wouldnt be inflation right?

[royalecraig]

Western Nations should coin their own money, not Borrow it from Offshore Zionist Bankers.

the Fed and the Bank of England are PRIVATE Companies.

No public borrowing=no debt, no debt = no need for income tax.

[DaveDoggOwns]

No, "public" debt is government debt. Not the people's debt.

[coreyk123]

How is it not if the people pay the debt back with taxes?

[DaveDoggOwns]

Okay, so by your logic if a robber is in debt and steals from you to pay for the debt, his debt is your debt? No The fact that government is making us pay for their debt doesn't make it our debt.

[tubestick00]

you say the government is making us pay for its debts. but you have to accept to some degree that the government borrows this money for spending on things that benefit the people. i know this is not entirely true, for instance you may disagree with the war in iraq, but still have to pay for it. thats just the system that we live under. theres no system that can please everybody. the decisions the government make with regard to spending are made by people who are democraticly elected by thepeople

[DaveDoggOwns]

People beg to politicians pre-selected by corporations.

[tubestick00]

and also being ruthless with rules about conflict of interest. these greedy corporate pigs should be imprisoned for some of the things they do.

but they own the prison

[tubestick00]

but isnt government debt the peoples debt? so long as you live in a country you will pay its public debts.

[DaveDoggOwns]

The government is the not people. So by your logic, if I live next to a car salesman and he gives me a car I have to pay for, I have to either pay for the car or leave the country? That's absurdity. I never signed a contract with the government saying I was going to take on its debts. You don't get to impose unchosen positive obligations onto people just because you live next to them.

[tubestick00]

no of course your example is not relevant at all. your talking about one citizen to another. the government has to make decisions that affect the whole country. thats a fact. not every individual will be happy with these decisions. thats another fact. there is not sufficient time or resources to inform every citizen of every dicision that is being made. thats also a fact. so the problem lies in getting uncorruptable people who genuinely care, into your government.

[DaveDoggOwns]

"You're talking about one citizen to another"

Okay, so why then do the men in government get a different set of ethical rules then? They are human beings like the rest of us right? Why do they get to enforce social contracts onto us but a car salesman can't?

No it is not a fact that coercive monopoly is better than free competition. It is not a fact that violence is preferable to non-violence. The problem lies in thinking you need to give some people the power of violence.

[tubestick00]

hang on pal, your off on a tangent there. i never said that coercive monopoly is better than free competition, or anything like that? so dont put words in my mouth ok?? the men in government dont get a different set of rules personally. its just the nature of the government itself that means it makes decisions that concern everybody within that country. but i can sense some extreme and ridiculous views starting to seep out from your comments.

[tubestick00]

you cant seriously be comparing a salesman to a government official. sure alot of these guys need to be watched closely and are looking out for themdelves more than the greater good. but thats the issue. you cant remove the governments ability to make decision or the country would fall apart and come to a screaching halt

[DaveDoggOwns]

Okay, so now I've gotten you accept that there is no social contract and the justification for government authority is its ability to enforce the rule of law. Not the mere fact that I live next to you.

I'm not putting words into your mouth. Government is a coercive monopoly on the legal use of force within a geographic area not tied to labor. Government is a coercive monopoly. Government is violence.

[tubestick00]

your not making alot of sense. i'll try to decipher your babble though. "no social contract". that might mean something to you but you'll have to explain specifically what you mean by this vague term for everyone else to understand. you cant look at the government as a monopoly like you can with a business. are you suggestin we have two or more governments competing with one another. that couldnt work.

[sparkloweb]

Historically and today, coercive monopoly power can only be granted explicitly or implicitly by a government, or by a similar organization such as a mafia.

[jrewert]

Tell that to the IRS

[Warzoooooo]

93rardo: Debt is fixed. Inflation just takes the buying power from de creditor.

[93rardo]

Debts are not fixed. The increase or decrease with inflation or deflation.

[herbs814]

debts are fixed. the amount of money that must be paid to settle debts does not fluctuate. only the money supply may increase or decrease with inflation. but there is no guarantee that an individual will capture their share of the increased money supply to compensate for the rise in prices caused by devaluing the currency.

[VikingNinjitsu]

man, 12:10 is hilarious. I think that made my day right there

[VikingNinjitsu]

what can be done without getting arrested?

Answer, nothing

[mrzack888]

but baby boomers ss payment during their working ages produced a surplus sitting there to be used as ss payment, so later generation won't have to support them. also, boomers can sell the houses to immigration of wealtheir nations such as China. get ready to learn Chinese.

[high5flyer]

The SS surplus is no longer there. Even Al Gore has acknowledged this as SNL made his words famous when he said, "lock box." Funny sketch! The SS surplus funds have all been siphoned off towards other gov.'t. run programs that have gone broke. Why learn Mandarin when every student in China is learning English today?

[mrzack888]

future Children of US will be working for future Children of China.

[Xwaxtaxper]

@mrzack888 Nah future of communist will be working for future of liberty. That's how it is that's how history always will be . Dumb motherfucking communist sac of shit

[herbs814]

the Socialist insecurity surplus has already been spent by the greedy government. the surplus was never saved. this is why privatizing socialist insecurity is a moral imperative. Only when taxpayers' socialist insecurity tax payments go into an INDIVIDUAL account in their OWN name will socialist "security" ever be justified.

[ivanjovovic]

People, do not worry. This story is going on in Serbia for last 40 years, and we are still alive, smiled and happy. No big deal. You just will not be able to spend so much money on totally stupid and unnecessary things. If you think you have a problem, take a look at the rest of the earth population (5 billions).

[lilchico4wg]

@ivanjovovic the whole world shares this same problem. The dollar is worldwide

[suprughetto]

@lilchico4wg

USA goes on with printing dollars...These days the states gets the new money, from FMI, but the State (which means people, us) are asked to cut the social services. One day everithing will belong to someone and we will have to pay for it. Once when you have to pay, you must use money, which means that who controls the money controlls you! Who controlls the money can dictate what and how we should do. For example. If you want the money you have to work more hours!

[suprughetto]

@ivanjovovic

No, we are not that happy, alive and smiled. Ok, we are people who like to be alive, smiled and happy even when things get dificult. But, it means that without this things we could have been even more happy! After all, we had a war as a conseguence of this stuff. The war in ex Yu was always described as etnic war which is not what happe. The "etnic motiv" was just an conseguence. The real problem was a destruction of a social state. And a reason for that was exponential money

[ITILII]

@ivanjovovic Serbia is in no way comparable to the USA in total population, age distributions, ethnic diversity, government programs, and total debt. To make such a statement would show a great ignorance of these vast differences. Sounds like he is a politician, or banker, or if not, ought to be

[ivanjovovic]

@ITILII Is there anything that can be done against human greedy nature? ALL of this is done by human, and will be done again and again. Look at the history, this is going on since begin of human kind. Someone is trying to enslave the rest. Still, noone can't achive it :) Every empire has fallen, even Roman which lasted for more that 1000 years.

Meanwhile, do what is up to you to help yourself and your enviroment, and do not forget to SMILE :)

Or you have better proposal? I would like to hear it

[rsaathoff]

@ivanjovovic the problem is, the bad tooth must be pulled andf that bad tooth is the central banking system AKA the Federal Reserve. This system should be memoved world wide and the US should kick the IMF out the country.

This whole system is bien purposely pulled to a collapes to establishe Wolrd fiat currency.

[steamidjf]

@ivanjovovic Serbia isn't fighting wars overseas and doesn't have the world's reserve currency status. Apples and Oranges.

[jonesey5168]

this has been engineered by the FED...Obama & Bush must cater to their Goldman Sachs & the other banksters(private owners of the FED)...congress has a 14% approval rating, do they give a hoot? no

[mintoo2cool]

@jonesey5168 goto feds website faq ... no one owns the fed ... no private bank/banks owns it

[GinoTheSinner]

your mother is amazing

[GinoTheSinner]

its impossible to spend more than bush

[lymaeQ]

3:47 That depends. If debt is denominated in USD in the contract, then the claim on human labor diminishes with the real value of dollar.

But yeah, it's beside the point in this chapter.

[gunnerrat]

Isn't wealth liberated when someone retires, sells their home and moves into an apartment or retirement park in Florida? I think Bernanke et al. when they compile the net worth stats they're assuming everyone keeps the value (or increases). Obviously that isn't happening.  Not only are the banks and governments technically insolvent, but many in the general public as well.

[novice8814]

We will not be allowed to move to rich Asian nations. Unlike the foolish west. Asia values its heritage, its culture, its bloodlines, its race. The western man is doomed to die in America and Europe under a rising tide of immigrants..

[ThirdWorldHorn]

This is foolish - on so many levels. Greed is inherent in elite. Asia on the lower class levels has values, the government and super elite are just as greedy. If you disagree then you don't understand Japan's actions in WW2.

Secondly, globalization will mean that US tanking will cause so many others to tank. Who is going to buy Chinese goods then? The lower class Chinese that make those goods?

This consumer system we made is just going to hurt everyone.

[novice8814]

You are correct on all points. I agree fully. What I am saying is that the Asians still value their culture and race. We of the west have been deracinated. We are taught to hate our culture and heritage. This is where Asia prevails. Asia is eternal. Its roots are deep. The west is decadent and moribund. Remember that Japan is a deeply racially conscious nation. We are not. China is eternal, Asia will prevail. We will go by way of the dinosaur and dodo bird.

[MCdogma77]

Great point...

[novice8814]

Don't worry. We'll sell our assets to rich Asians that will take America for its own. Lothrop Stoddard warned of this way back in 1920 in his prophetic book "The Rising Tide of Color Against World White Supremacy. So no need to worry. The peaceful Chinese and Indians will take care of everything. And take care of us...permanently.

[VinceP1974]

"The Wealth Gap" . puh-lease. Did you have to contaminate your vital message with this ridiculus class warfare?

Roe vs Wade aborted the Baby Boomer's reitrement. Good for them,they deserve it.

[D1rtn4p]

Please don't dismiss the problems that the welth gap creates so readily. The disproportionate profits gained by the wealthy during the recent crisis are going to be again disproportionately burdening on the shrinking middle class.

This relates to his previous message about the Federal Reserve and its control of the money supply, while being a private cartel.

[VinceP1974]

"he disproportionate profits gained by the wealthy during the recent crisis are going to be again disproportionately burdening on the shrinking middle class."

That statement makes absolutely no sense

[MARLONBART]

Agreed. A nation does not kill 50,000,000 of its own children and escape without paying the price.

[novice8814]

Painful words but oh so true! Instead of a new generation of Americans we have scores of millions of immigrants that will fling our decrepit selves into the shallow pits for burial while we scream for mercy.

[jroubidoux]

some of this demographic info was beaten down by immigration. Also this video failed to subtract per capita assets from per capita debt (as an explanatory vehicle) to show our net debt (I presume). As it is it leaves a taste of fear mongering. A section 14a doing so is much needed to correct this as the stated goal was not "hype" but "truth."

[inthebluescrossroad]

lets just move retirement to 90.

[katieraine]

of course this assumes that the assets of the baby boomers can only be liquidated to Americans, but that's not the case. foreigners can purchase assets too.

[matushka78]

Or even 85, that would be better. I believe that the young generation will slowly start moving to countries like China, Singapore, Taiwan, Hong Kong, South Korea, India and Brazil. There will simply no capital in the US for entrepreneurs even if they have a good idea. The largest debtor nations are all in Asia and historically, the world has always moved where the money is.

[theaccessory]

You make some excellent points; I do believe however that the boomer retirement issue may not be quite the problem you think if only because boomers will need to work considerably beyond age 65 given that their stock portfolio has been slashed in half over the last year and five months. If the average voluntary retirement age reaches or exceeds 70 then stress on social security should fall to a more manageable proportion.