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

Chapter 10 (Inflation - Part 2 of 2): Dr. Martenson establishes inflation as a monetary phenomenon, defined as the decrease of the value of money, caused by too much money around in relation to goods and services. From 1665 to 1776, 111 years, there was absolutely no inflation. From 1665 to 1905, 240 years, the cost of living stayed roughly the same, aside from brief jumps during wars. Unfortunately for us, there was no settling in terms of inflation after World War I or World War II. The military apparatus was not dismantled, and inflation has accelerated to astonishingly high levels.

Chapter 11 (How Much Is A Trillion?): Recently, we have gotten used to hearing the word "trillion." From trillions of dollars of government debt to trillion dollar bailout packages, we are spending enormous sums of money. However, most of us dont realize how much a trillion actually is. Dr. Martenson explains how much a trillion is using a few examples, such as a 67.9 mile high stack of $1,000 bills. As he concludes: "Make no mistake, a trillion is a very, very big number and we should not be lulled into complacency simply because it is too big to really get our minds around. That should drive us to action instead."

http://www.chrismartenson.com

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[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

[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.

[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

[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?

[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]

@RePetes1 That helped, Thanks.

[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 Sorry im not a nerd in this

[RePetes1]

@MountainLinefilms

-Surely, you are kiddin´ ..-Right..?