Accelerated Crash Course (ACC) 2014
Economy | Information | History | Online | Facts | World | Global | Money
The above video is a condensation of the 4.5-hour long full Crash Course video series. The data and analysis underlying the material represent over a decade of intensive research and study. Over that decade, its forecasts have proved increasingly validated by events like the collapse of the housing bubble in 2007, the 2008 credit crisis and the anemic 'recovery' since, oil prices persistently over $100 per barrel, the five-fold rise in gold prices, and many other symptoms of an unsustainable world economy reaching its failure point. Sadly, the risks warned of in this video are very real, and they are arriving now. Once you've finished watching the video, please share it with those whom you think would most benefit from it. The more people we wake up to its message, the more hands we'll have supporting us today in planning for tomorrow. With thanks, Chris Martenson PhD & Adam Taggart V.1.1
Comments
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Great video with a lot of interesting points. I think many people don't appreciate how fragile life can be at times.
I like the fact that you don't state with supreme confidence that currencies/societies will definately crash but that it is a major risk only.
If you do another video I would suggest that focusing so heavily in oil is a bit dated and makes your argument less credible. In 2015 global investment in renewables was similar to investment in oil and gas (ca. $300bn). Also because of the sharp and then sustained drop in oil price 2014 to today the scare of high energy prices doesn't ring true. -
32:10 - US did become a net exporter in 2015 ... http://www.eia.gov/tools/faqs/faq.cfm?id=727&t=6
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Once more he doesn't mention the overpopulation problem ...7 500 000 000 people in 2016 + 1 000 000 000 every decade
No sustainability without birth control and better share of the world wealth. -
I would highly recommend that you get a team of people who are more concrete and/or visual to help you make your videos in a more relatable format - more concrete examples, better audiovisual. Otherwise you might as well preach to the choir. I might not have even been able to sit through this had I not already been interested and understood some of the basic concepts.
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Very very good…thank u Chris…and your books are most helpful, clean and simple to understand. ps. nice photos of the SF GoldenGate Bridge with the CHEM-TRAILS in the back ground.;(
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Technology is also expanding at an exponential rate. How that affects this, i don't know, but it should be taken into consideration.
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The oil price did not follow the trend you pointed out.
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I would like to make some remarks...
1) The sources of energy really ARE infinite, if you think about how before people were using whale oil... until they hit a crisis, and they found oil as substitute. By the time one energy source reaches it's critical peak, technology advances towards finding substitute energy sources. We already have cars running on salt water.
2) You say if we need to extract 100 gallons of oil and we would consume 100 gallons to do so, there wouldn't be any net surplus. True. But what about those very first 100 gallons of oil that were first extracted when oil was discovered ? How did those got extracted if there wasn't any oil to start with ?
I see the proper direction we should be heading to should be towards finding ways to either better transform replenishable energy into usable energy or to find ways to convert between various forms of energy with very little energy required to do so.
By the way, Denmark just managed to produce 140% of it's national energy requirements using wind power :-)
Thank you. -
This is an awesome channel. I love it so much. I too have a channel, Business and Economics for Kidz. Will you please check it out, I have already subscribed to your channel.
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If you want a modern retelling of Malthus, this is the video for you. If you recognise that human ingenuity is infinite... not so much.
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Excellent presentation. Here in Japan we may be at or near the front of the wave. With the population dropping and aging quickly and deficit spending and quantitative easing failing to enable the economy to escape from deflation, it seems obvious that something other than life based on economic growth and increased consumption is required. No question about that. But how to do it is still not known. The majority of Japanese already live small and are quite eco-minded. Policy makers are not yet thinking or planning for the future reality. Public debt exceeds 2x GDP and continues to grow at over 50 Trillion yen a year. Unlike individual debt in the US, it is not so large. What should Japan do?
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;-)
Military ready for QE II Cup Attack after pleasing trial (www.scmp.com/sport/racing/article/1766403/military-ready-qe-ii-cup-attack-after-pleasing-trial) -
Expensive oil is here to stay???? GREETINGS FROM THE FUTURE I FINALLY FIGURED THAT YOU GUYS ARE SNAKE OIL SALESMAN.
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Oil price by the time I am watching this is $45.15 per barrel, which is pretty cheap, just leaving this here.
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33:24 - "Oil is now expensive and it will stay that way". lol
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As of Jan 1, 2015, Oil is currently at $52.00 a barrel, almost a third of the price it was in the video. The $60 a barrel minimum he discusses has just been thrown out the window, whether it will remain at this price tag is uncertain though. So take this video with a grain of salt. Additionally something else not discussed is that the Saudi Riyal is pegged to the dollar. The largest oil exporting nation in the world has a fixed exchange rate for US dollars since the 1980s. I'm not saying don't buy gold I'm saying don't freak until the dynamic changes between the two nations.
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Now oils $54 dollars a barrel, lol u said it wouldnt get cheap, what happened mate?
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We might actually be on the threshold of "discovering" that fossil fuels and all other resource scarcity is a myth, making people think there is "only so much to go around" brings in huge profits for those who propagate these myths.
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By the way Chris....I applaud your character for forfeiting your previous life of luxury to help awaken the planet to your research and knowledge. It takes more than just character to walk away from prosperity into a life of humble mediocrity even if it is fulfilling in other ways. You're a good man. May God (if she exists) bless you
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Will you run for president? Please?
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