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Crash Course: Chapter 12 - Debt by Chris Martenson

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Chapter 12 (Debt): Dr. Martenson explains how, since debt is a claim on future money, it is therefore a claim on future human labor. To put it simply, debt is future consumption taken today. Key Concept 7 is introduced, that "ever-growing debts implicitly assume that the future is going to be larger than the present." Dr. Martenson challenges this assumption, and what it means for us if that condition of growth is not met. http://www.chrismartenson.com

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: ChrisMartensondotcom

Length: 12:33
Rating: 4.9365077
Views: 124100

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  

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Cyan1d3PR (November 30, 1999 at 12:00 am)
AK in hand bitch 
88roro11 (November 30, 1999 at 12:00 am)
15.3 trillion and were still walking dead :P
djnetmen (November 30, 1999 at 12:00 am)
ANOTHER REASON TO VOTE RON PAUL 2012
303anzac (November 30, 1999 at 12:00 am)
WHEN THE DEFAULT HAPPENS AS PLANED BY THE NWO=WW3=ONE WORLD GOVERMENT=SLAVERY! There is a place in Heaven for those who are already in the trenches fighting the NWO.
pkripper32 (November 30, 1999 at 12:00 am)
U.S. Debt as of 10-19-11......... 14,851,667,500,000.... so up 5 trillion in 3 years. Hope and change.. my butt!!!!!
gavinjengel (November 30, 1999 at 12:00 am)
If a person believes hyper-inflation is approaching, then he would probably want to buy commodities with debt. That is because the high inflation would inflate away the debt, and he could pay it back very easily in the future. So, I wonder, how many people who truly believe hyper-inflation is near are investing with lots of debt?
captainandthelady (November 30, 1999 at 12:00 am)
@enicao True, but a chunck of the stimulus wasn't borrowed money but tax cuts which is still a negative cash flow for the government (us). Between "Dubbya's and "O's" tax cuts we experenced quite a negative cash flow. If we want to pay off our debt we need a positive cash flow without our elected officials spending it as it comes in. We need our infrastructure repaired and rebuilt. If we have to borrow money it should go to things we NEED, not thing we want.
mdg583 (November 30, 1999 at 12:00 am)
I don't get what is said about future generations and debt. Debt can't just be present consumption of future rewards - how can I spend tomorrows wealth? How could I drive a car built in 2025 when it is only 2011? Whatever wealth I get today was produced today or yesterday.
slavimarinovgmailcom (November 30, 1999 at 12:00 am)
IMHO: "Debt is a claim on *future* human labor" <= That's not correct. Should be "Debt is a *future claim* on human labor"
Futurecop2012A (November 30, 1999 at 12:00 am)
"UFO Disclosure A Global Deception Conspiracy" On YOUTUBE is a compilation of information revealed by military personnel, politicians & astronauts, credible aired news footage, revealations of life beyond Earth, the ongoing interaction & presence of E.T. which has being hidden from the public for over 50 years + more.


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