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Uploaded on Nov 29, 2011
Watch the full 71-minute video at http://www.goldmoney.com/martenson-pr.... In this video Chris Martenson, economic analyst 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 "E"s: 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. Martenson believes that this assumption is flawed and that the debt loads are already unmanageable.
This video was recorded on November 16 at the Gold & Silver Meeting 2011 in Madrid.