Chris Martenson's presentation at the Gold & Silver Meeting in Madrid

Subscribe to our newsletter at http://www.goldmoney.com/goldresearch. In this video Chris Martenson, economic analyst at http://chrismartenson.com and author of 'The Crash Course', explains why he thinks that the coming 20 years are going to look completely unlike the last 20 years. In his presentation he focuses on the so-called three "Es": Economy, Energy and Environment. He argues that at this point in time it is no longer possible to view either one of those topics separately from one another.

Since all our money is loaned onto existence, our economy has to grow exponentially. Martenson proves this point empirically by showing a 99.9% fit of the actual growth curve of the last 40 years to an exponential curve. If we wanted to continue on this path, our debt load would have to double again over the next 10 years. By continually increasing our debt relative to GDP we are making the assumption that our future will always be wealthier than our past. He believes that this assumption is flawed and that the debt loads are already unmanageable.

Martenson explains how exponential growth works and why it is so scary that our economy is based on it. In an example he illustrates how unimaginably fast things speed up towards the end of an exponential curve. He shows that an exponential chart can be found in every one of the three "E's" for instance in GDP growth, oil production, water use or species extinction. Due to the natural limitations on resources, Martenson comes to the conclusion that we are facing a serious energy crisis.

This energy predicament is namely that the quantity of oil as well as the quality of oil are in decline. He shows that oil discoveries peaked in 1964 and oil production peaked 40 years later. Martenson also shows how our return on invested energy is rapidly declining -- the "cheap and easy" oil fields have already been exploited. In 1930 the energy return for oil was 100:1 or greater. Today it is already down to 3:1 and newer technologies such as corn-based ethanol only provide a 1.5:1 return. Martenson predicts that the time in between oil shocks will get shorter and shorter and that oil prices will go much higher.

Not only oil but also other natural resources are being rapidly used up as well. At the current projected pace of use, known reserves for many metals and minerals will be gone within the next 10 to 20 years. The energy needed to get these non-renewable resources out of the ground is growing exponentially. So we live in a world that must grow, but can't grow and is subject to depletion. The conclusion out of all this is that our money system is poorly designed and that we need to rethink how we do things as quickly as possible.

After finishing his presentation Chris Martenson answers questions regarding a rise in efficiency, alternative technologies and oil prices. He also responds to questions regarding electricity, shale gas, gold, silver, platinum, palladium, and uranium and the race for global resources.

This video was recorded on November 16 at the Gold & Silver Meeting 2011 in Madrid.

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  Education

[jimbills]

We'll have widespread denial about this until the issue is so obvious it can only be denied by the insane.

This is so startling, and so scary, that denial before the full effects are obvious is perfectly understandable.

[silverfish VT]

I honestly believe that this video should be required viewing for anyone that wants to buy silver, or any precious metal. Sensational!

[kcrone1]

I usually don't watch this channel, but based on your comment Fish, I'm going to give this video a try.

[4LulzzNFame]

recession didn't knock down oil demand

+ gold usually goes up when depression hits, yet it went down...

[mtube620]

chris said his oil prediction assumed there is no recession/depression that could knock down oil demand

[4LulzzNFame]

gold is bellow 1400$

in 2011 when this video was made it was 1600$+

[4LulzzNFame]

It's 2013 and Oil is still 100$

Chris Martenson said it will double in 2013

he is close to being proven wrong :)

[philward53]

+Not one person mentions climate change in this video. The evidence for that is stronger for than than it is for peak oil. Furthermore, if we to to avoid the disasters that climate change will bring, peak oil becomes irrelevant.

[Bond Collapse]

Lol he said 2-3% inflation is stable. Ya its stable like a bull in a China shop. The last 3 price revolutions were under 3% inflation causing the fall of every world power at that time.

[HIGHLANDKING1]

People say there is a RACE problem. People say this RACE problem will be solved when the third world pours into EVERY and ONLY into white countries.

People say the only solution to the RACE problem is if EVERY and ONLY white countries “assimilate,” i.e., intermarry, with all those non-whites

But if I tell the truth about the ongoing program of genocide against White people, Anti-Whites agree that Iam anaziwhowantstokillsixmillionj­ews.

Anti-racist is a code word for anti-white

Northwest Front.org

[rightsideofhistory]

Did you even WATCH the video?