Crash Course: Chapter 12 - Debt (1 of 2) by Chris Martenson

[JrbWheaton]

@carlfinkle

Proxima Centauri here we come!

[AngeliqueEU]

This course is a learning experience! Really it is .. I did know something about it of earlier things I saw and/or read on the internet. But this is explained in a good and 'easy to undersand way'

but it makes me feel hopeless ............

Hopeless for the future to come ... the next 20 years ....

[AngeliqueEU]

I was I think one of the last Generations to learn to save money in order to buy what you want ....

In the USA this happened a Generation ealier I guess ...

Also the people live on Debt ..... they 'made' us = you know the advertisements 'new kitchen' and/or car even hollidays on money we didn't have an took out a loan or on creditcard....

[stocktradinginvestor]

The euro is going bust before the dollar. The dollar is the reserve currency so internationally banks HAVE to have dollars because they can use treasury bills as collateral when lending. Once the euro goes up, there will probably be a 2nd Breton woods agreement and a currency realignment that may change the reserve currency causing the US to abandon the dollar or hyperinflate.

[AngeliqueEU]

@stocktradinginvestor "HAVE to have dollars"

But if those dollars are have been printed out of thin air .. ???

The whole money system will collapse ... question is only when?

[88roro11]

@AngeliqueEU yup.. we should have money spent in to existence ( fiat currenct based on faith and good markets not debt and extortion)... on infrastructure, school, hospitals, and environmentally responsible power plants.. then taxes collected would go to maintaining and running infrastructure/ public services.. rather then pay interest on debt first.. be for putting it toward good.. out debt based economy will eat its self.. kinda like that Mayan snake that is eating its own tail

[christo930]

It's amazing that we went from 9.44 trillion at the time of this video (2008) to 14T today (9/22/2011). So while it took over 200 years to get to 9.44T, it increased by 50% in a little over 3 years! Now that is speeding up!

[christo930]

@christo930 Since the total debt here is 48T and if you assume an average interest rate of 5%, in order to avoid deflation, 2,400,000,000,000 will need to be loaned into existence just in 2009 to meet the interest payments. Since the amount of debt has gone up substantially since then, we must be getting close to 4 or 5 T in new money to just to service the interest on the debt by now (9/22/01).

[MrErspamer]

You can call it cash flow

[Trickndel]

/watch?v=4Z9WVZddH9w -- for the best alternative to this mind-blowing system.

[andemad6]

2:28 : 944399908743,20 dollars OR 641 mile stack ;)

[MrROTD]

No it isn't right to accrue debt and expect the unborn to pay it.

[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. Think of the US debt as the lost wealth of future generations.

[RichardRoy2]

If the money is backed by debt, it is backed by promises. When the futility of the promise comes to full realization, there will be blood.

[rowland2110]

The US is NOT on the gold standard. Been creating "something out of nothing" for decades.

[Chromatype]

I think all of you need to realize something. Chris is selling month subscriptions for $30.00. If he scares 500,000 people into wanting to "support his cause"...he will generate 15 million dollars for himself.

That is way more that any one needs to take care of website server costs. This guy is out to make a LOT OF MONEY REAL FAST.

[RichardRoy2]

So far, he's offering truths, not causes. If his truths bare out, and the expectation is truth, the subscription may be worth a paultry $30.00/month. I've seen no falsification here, yet. We'll watch the rest, and decide for ourselves, thank you.

[carlfinkle]

If the total debt of the US government was stacked in $1 bills it would reach to Pluto

[LAPUbutsekikMAG]

thanks to Astronomy...he..he..he...

[27boof]

@carlfinkle Yeah, & they don't even use money out there, so I hear! Ha, ha! :) Let us use our dollar bills as stepping stones to a place where money doesn't even exist...

[therealpapsy]

@carlfinkle Bullshit, LOL

[Lolznator]

@carlfinkle no it wouldn't...

[TWSceptic]

@carlfinkle I must say that is a much more convincing way of looking at it than the one in the video.

[adrianwillis360]

@carlfinkle No it wouldn't

[1ecnahc]

Debt is nothing more than the sale of your future. Think before you sell.

[RichardRoy2]

Actually, I think it's more like a purchasing of your future income for todays use.