Crash Course: Chapter 10 - Inflation by Chris Martenson

Hello, you either have JavaScript turned off or an old version of Macromedia's Flash Player. Get the latest Flash player.
Crash Course: Chapter 10 - Inflation by Chris Martenson

Chapter 10 (Inflation): 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. http://www.chrismartenson.com

Author: ChrisMartensondotcom
Length: 11:49
Uploaded: 27.2.2009
Viewed: 49556×
Rating (169×):
4.9526634.9526634.9526634.9526634.952663


Video Category: News
Tags: finance, financial, crisis, economy, economic, crash, course, collapse, depression, 1929, peak, oil, renewable, energy, stock, market, exponential, money, fiat, currency, gold, silver, inflation, iraq, war, bailout, bernanke, chris, martenson, ron, paul
@ Dirge987 Is that ...   (partyhouse88)21.11.2009
@ Dirge987 Is that a joke??
And how would you ...   (Dirge987)20.11.2009
And how would you get the 8$ in change? =P
the first amendment ...   (skotiFD)20.11.2009
the first amendment was for freedom to spend the money the second amendment was so they could put a gun to your head to get the money back from you
What's that quote, ...   (christo930)20.11.2009
What's that quote, only a government can take a valuable commodity like paper and make it worthless.
Sorry but if 1 ...   (partyhouse88)19.11.2009
Sorry but if 1 person in the boat has $1... why would the 2nd person bid $10??? I would bid maybe $2 at most.
Yes. Increases in ...   (MarkProffitt)15.11.2009
Yes. Increases in technology causes the real cost in time and materials to decrease. With stable money as the real costs decrease the prices will also decrease.
War is the most ...   (MarkProffitt)15.11.2009
War is the most inflationary action possible. It redirects current production to destroy destructive capacity causing current and long term scarcity. War makes real inflation, not just monetary. So​cial programs might lead to more inflation in the long run because there is incentive for a large number of people to continue it. Social spending misdirects investment resulting in shrinking capacity until the system collapses. The effect is delayed so people tend to not understand the cause.
The Yankee Doodle ...   (Chuichupachichi)15.11.2009
The Yankee Doodle Dandy Daddies warned us! Saying there is nothing that can piss away a nations prosperity faster than constantly getting into wars If our Federal Marxist infiltrator warmongers wanted to emulate ancient Rome with a constantly practiced, finely honed military. Then they should have made all the international​ haters of America the Bomber into conquered, subservient nations annexed into the empire. Where they can't actually help the warring Federal Infiltrators in bringing us down
immigrants. The ...   (Chuichupachichi)15.11.2009
immigrants. The former group provides unemployment for Americans with degrees and the latter handles the blue collar unemployment production. What's that you say? What about American employers. Oh yes, big government regulations ensure the closure of American's businesses or outsourcing. Either way, they "Laahve Amereeka". If it were England, we could say they're giving it away by the pound $. Not even selling it
Automation ...   (Chuichupachichi)15.11.2009
Automation counteracting​ inflation is great news.... for a manufacturing​ country! As well as one with too much employment. 1950's America, especially in the west, could have used tons of automation. There were simply too many jobs available Ho​wever, now that robots are actually significantly​ more than a cardboard & aluminum foil costume, we don't really need their services much. Sufficiently excessive are the low wage accepting, educated immigrants from India & China. As well as the illegal
Fuck Keynes!   (LarsSeprest)13.11.2009
Fuck Keynes!
But we now have so ...   (MarkProffitt)12.11.2009
But we now have so much government intervention (friction) and so much inflation (interest, fractional reserve, and government debt) that technology won't be able to keep up. The interference is stopping the ability to improve technology and build businesses and non-profits that actually produce thing we use. Break the ability to increase capacity and the whole system will fail from entropy or in this case inflation. Big business and big government is doing the exact wrong thing.
Overall yes, ...   (MarkProffitt)12.11.2009
Overall yes, technology has kept pace with inflation. If it didn't we would have problems like Zimbabwe or Weimar Republic in Germany where people would have to spend their money immediately to avoid prices going up before they could spend it. What we see is inflation on things that the government interferes with or that you can get a loan to buy. Houses, cars, government school, college, and medicine. Free market goods are exponentially​ dropping in price and increasing in performance.
Mark, do you ...   (longsilver1)12.11.2009
Mark, do you believe that technology "automation" has kept pace with inflation?
Automation and ...   (MarkProffitt)24.10.2009
Automation and other increases in productivity have helped counteract inflation. Inflation first effects things that can be mortgaged, or are bought by the government. Houses, cars, medicine, education. Things like electronics drop in cost exponentially​. War does not have any gains, at best it redistributes​ things. War is inflationary for both side. They kill people and break things. Anti-producti​vity.
The goal is to ...   (MarkProffitt)24.10.2009
The goal is to eliminate all jobs, that is what you want. That is called retirement. The solution for lost income from not having an income from not having a job is owning something that produces. Socialism takes away ownership, it make the problem worse. The cure is smaller and cheaper and more tools of production. Grow food, make things, own shares in companies paying dividends. That is the cure.
You are right about ...   (MarkProffitt)24.10.2009
You are right about not needing to save abundant items. Profit causes abundance. When you invest materials, energy and knowledge properly you get more value than you put in, that is profit. Not all profit is monetary. Abundance is more than demand. And sometimes if you have more than you want its considered pollution. But even pollution can be a resource for satisfying a new desire. Abundance is a requirement of the laws of thermodynamic​s. I'll post a video about that. ;)
John Maynard Keynes ...   (CosmosPrivateer)23.10.2009
John Maynard Keynes Quote The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems - the problems of life and of human relations, of creation and behavior and religion.
John Maynard Keynes ...   (CosmosPrivateer)23.10.2009
John Maynard Keynes Quote For at least another hundred years we must pretend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still.
Thats just great at ...   (CosmosPrivateer)23.10.2009
Thats just great at 3:39 Americas first dollar also has a pyramid on it just as ours today does. On the back side is has. We Are One. This is really screwed up.
YouTube University ...   (CosmosPrivateer)23.10.2009
YouTube University Y​TU
Excellent excellent ...   (pebre79)16.10.2009
Excellent excellent excellent. Highly insightful! Thank you for posting these.
A wise man named ...   (lihp12345)12.10.2009
A wise man named Jacque Fresco once was overheard saying: "If it rained gold for 2 days, people would go outside, collect it, fill out every empty dour, the attic and the cellar with gold. But if it rained gold for a year, they'd sweep it out of their houses." If something is rare, or perceived rare, you can sell it for a profit. The more you make, the less value each one has, nothing can ever be abundant when profit is in the mix. I would call this a shackle, wouldn't you?
Well the economics ...   (Adahondeayenh)12.10.2009
Well the economics on this video are pretty true, they're just sometimes expanded upon a bit. However, nobody looks at economics like this. Expect negative reactions if you started talking about this. I am a buyer of gold + silver ! And Gold + Silver MINES (for massive profits) !
so where did you ...   (tubestick00)8.10.2009
so where did you study economics they'll ask me... you tube ill answer. for free. i am so pleased iv found this.

Most popular tags