Crash Course: Chapter 4 - The Power of Compounding by Chris Martenson

Chapter 4 (The Power of Compounding): Compounding, the first Key Concept of the Crash Course is explained in this installment. Dr. Martenson draws on a paper by Dr. Albert Bartlett explaining the dangerous implications of steady rates of growth, from oil consumption to population: as Chris says, "With exponential functions, the action only heats up in the last few moments".

http://www.chrismartenson.com

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[WestCoastSwinger]

we're fucked

[TheWestAspen]

OK, so a guy researches ideas while unemployed, develops an overall conceptual idea, then communicates it, and wants to charge for his research and compilation. How does this make him evil, is this not what professors in todays university system do? A crook deceives and takes, how is this FREE video series a taking. If you know he is fraudulent, then report it, otherwise, this is free speech.

We need food for thought, as we are constantly fed messages thru traditional media.

[tarwin]

@freierz : what you say is true, but the he goes through explaining the vertical range used in his graph (population at least) in an earlier video. The impact of any graph (and statistic) relies on range, and he does explain the range he is using.

[freierz]

Maybe it's easier for most people to understand exponential growth by talking about "hockey stick" shapes, but on a fundamental level this is misleading. I'm not saying exponential growth isn't causing a massive crisis today, but I think you could easily make that clear without being so misleading.

Look at the wikipedia article for exponential growth to see what I mean.

[asgerregsa]

Thumbs up if "Chapter Four" by Avenged Sevenfold brought you here.

[kingofthepaupers]

Jct: That's why it's so stupid to charge interest on the debt for our nation's (poker) chips. It's why interest-free poker chips retain their value and suffer no inflation and why trying to pay 11 on your mortgage deathgamble when they only printed 10 results in losers havinbg their collateral foreclosed, resulting in the same money chasing less goods, Shift B inflation, and not more money chasing the goods, Shift A. Youtube for Big Lie of Economics or How Banks Create Money.

[MacabreManifesto]

Thank you for your huge purchase sir! You may pay me in either $100,000,000 or place a grain of gold at least as big in all three dimensions as the thickness of one of my hairs (1 μm) on this chess square and then place double that mass worth of gold on the next square and then double the next squares material on the square after that until all 64 squares have sufficient gold on them and pay me with that. ;)

[DNAutics]

@atomantic, so what you don't understand is that it doesn't matter, because something that's growing at a rate of 10%, or even 1% is also growing at a rate of 100%. If something grows 10% a day, is no different from growing 100% a week. All exponential curves are fundamentally the same, so maybe he's wrong and we don't have 10 years, we have 50 years instead.

[wordpresswidget]

@atomantic I wouldn't say misleading, just exaggerated. It makes the point of exponential growth in an overly dramatic fashion. As for the skeptic bone, just remember that the last half of the stadium is filled in the last second. For perspective 1oz. grown by 5%/min will turn into 1000Gal in 241min, 17.7K Gal in 5hr, and over 100Mil Gal in 8 hrs.

[atomantic]

I think the 100% growth rate is misleading his point since he's talking about things that are growing at a rate of 1%-10% with tiny fluctuations beyond. He also seems to be ignoring that growth rates are not constant. And a growth rate demonstration of 1% won't give you that dramatic, OMG we are drowing and only 5 minutes ago it looked like nothing was happening--so the whole "everything is happening NOW" thing is making my skeptic bone itch