Crash Course: Chapter 13 - A National Failure to Save (1 of 2) by Chris Martenson

[christo930]

This chapter and the preceding chapter need to be updated. The national debt has gone up substantially and consumer debt is slightly down. This material is now over 4 years out of date and things are generally worse today than 2006-7.

[stocktradinginvestor]

At some point why can't we make new bills where a $1 of the new bill is equal to $100 of the old bill? And the debt is 1/100th the size using the new bill and do that indefinitely.

Also, isn't it "geometric" growth, not exponential? i.e. The debt won't double at an increasing percentage (speed of time and increasing value) like technology has, but an increasing VALUE (or steady percentage rate over a fixed time interval).

[christo930]

@stocktradinginvestor Do you want to work for 1/10th of what you are working for today, because that would be the outcome.

[stocktradinginvestor]

@christo930 I don't believe that money has ever been a storage of value (even when it's gold). It is a medium of exchange. Say you want your haircut and your barber wants carrots in exchange for his service but you only have potatoes. So money (gold backed or not) is invented to take the place so you don't have to trade 100 times to get what you want. Money is not made to be "saved", but allocated towards resources and invested towards production.

[christo930]

@stocktradinginvestor Savings are very important on a personal level and at the national level. Money should be a store of value. The importance of savings is important and the American population has abandoned it.

[TWSceptic]

@stocktradinginvestor You are beyond ignorant, good luck with that.

[tedbilmer]

America is going bankrupt. You know why? It has no saving. It creates money out of thin air. Worst still it gives Israel 8.2 millions per day! This money should go to millions of American who are poor, instead.

[Thewizzardof9]

you were right when you said you do not understand it.

[achilles2754]

Shocking how the number of views of the videos decline as we get deeper into more chapters.

It's a hard topic to wrap your mind around but the fact that people just don't give a crap through educational (or lack there of) indoctrination is a key indicator that we are failing as a nations.

[stocktradinginvestor]

@achilles2754 I have to challenge that. Regardless of how many people see all his videos, there's still 24,258 views that made it this far. How many people would have watched this video before the internet? No need to compare it on a relative basis, the fact is technology and people like ChrisMartenson making videos like this are changing things in a big, positive way.

[ehswan]

This fellow deserves to be listened to.

[kikrlbs]

I really hope shit hits the fan and all of these sheep will be addicted to anti-depressants wondering what the hell happened as I sit back and laugh while watching the failure of civilization. People are so fucking retarded it makes me think we almost shouldn't exist anymore. This guy is a fucking genius, thanks Chris!!

[b1gr1g]

Love the video, thanks!

[BigfootIsMyPal]

Why has this person's comment been marked as spam. It's not spam. He simply has an opinion.

[Meathead36]

I believe the time frame can be shortened to: "The Next 1 year will be dramatically different (uncomfortably) than the previous 20 years".... ie, all in the near future, foreseeable! -GAME OVER

[ziggy2sound4u]

@Meathead36

Well, we are still "chugging along" one year later.

My question: Have you been putting back for the crash, that is sure to come?

I suggest, IF you have not already, INVEST in some form of livestock.....

[Meathead36]

@ziggy2sound4u These individuals running our world financial system keep coming up with more manipulation and scams to keep our economies afloat. They are now talking about a massive Stimulus Part 2. I'm fully prepared for the unavoidable crash. Outside of the people I speak to online, nobody I know has anything prepared.

[ziggy2sound4u]

@Meathead36

You know, that is exactly how it is for me too.

Most of my relatives deny anything is even wrong and many people that I work with just kind of "nod and wink" or get silent when you try to warn them.

How can anyone possibly think that a nation can continue to spend more than it takes in?

While I don't have the money for gold/silver, I have stocked canned goods, ammo, and obtained livestock......

[UnderseaCaveman]

I believe the time frame can be shortened to:

"The Next 10 years will be dramatically different (uncomfortably) than the previous 20 years".... ie, all in the near future, foreseeable!