Chris Martenson's presentation at the Gold & Silver Meeting in Madrid
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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.
Comments
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why doesnt anyone talk about peak gold. the evidence for that is stronger than peak oil
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Nice
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The cost of fracking a barrel of oil is over $70, so the low price of oil today signifies that the collapse is underway.
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I guess he's never heard of fracking, the world is awash in oil, and storage is even becoming full
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It seems like CM is presenting a very well thought out plan.
Yet, whose plan? -
BS, free energy exists and has exited for quit some time. (see Tesla) People have been driving water powered cars since the 70's - http://henrymakow.com/2013/11/Illuminati-Suppress-Water-Powered-Cars.html I pull free radiant energy out of the air 24/7 365 with a telsa modified bridge rectifier. If I can do it, what are the greatest minds working in unison capable of? It's all rigged, one big asz conspiracy, think, do some research, always question and investigate what you are told.
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According to Patrick Wood, this is part of the NWO. To undermine current governments with agencies, set up a system of currency based on energy production credits and energy use debits and tie your life to it through "Smart" technology. Look him up on youtube.
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20:07 HIS CHART IS OUTDATED. The fracking boom boosted US oil production past the 1970s peak.
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He would be right if he used the 7 year cycle. He would have then recognized that 2015 would be the start year for the collapse of the world economies. Also, manipulation is also a big issue today. The opec nations are very upset with the current administration of the United States and are in punishing mode, and this can last as long as the manipulation lasts. Exponential charts are striking but there are variables that show up just like in the chart he showed and the diversion from what was normal. What is then that explanation? We are in a deflation and it can not be curbed for very long before it collapses, then an exponential hyperinflation will occur which will lead to a lot of violent responses all over the world with the exponential growth of the human population, all which want a comfortable safe lifestyle which may not be possible.
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It it possible that this guy is a mouthpiece for Agenda 21?
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He couldn't predict the price of a bag of carrots.
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... and here we sit, in the middle of 2015, with oil at $52.74 ... makes one wonder.
A couple of things he doesn't seem to take into account (much like the first audience question hinted at):
- The thing about "40 years is the quickest change we've seen", is obviously omitting the fact that all such transitions have been unforced, i.e. incentive-oriented. There's nothing proving that a very fast transition can't be made in the face of absolutely no choice.
- There's very little talk of anything beyond the alternative energy that's already known to be fairly "mundane" (solar, wind, etc...). In particular, thorium/molten-salt reactors seem to be something very few are aware of or willing to talk about. I wouldn't be surprised to find out that the "powers that be" may already have some of those tricks up their sleeves, reserving costly/painful (but effective) deployment until the last minute. -
WELL HE GOT THE PRICE WRONG
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Our oil is already nationalized.
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Supply and demand issues that are obvious by 2013 is what he predicts @ 52:50 ? Nope don't see it but I did pick up some energy stocks !
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The title description states '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.'
The number displayed in the video however was 98.89%. -
You, sir, are an inspiration!
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Amazing presentation, Chris Martenson. I feel like I am drinking from a fire hose of information and insight. Thank you.
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this guy's whistle makes him sound like a basketball game.
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HOw I stopped worry, and learned to love the RESET!
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