Crash Course: Chapter 10 – Inflation (1 of 2) by Chris Martenson
Posted on 29. Jul, 2010 by admin in Uncategorized
Chapter 10 (Inflation – Part 1 of 2): 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. www.chrismartenson.com
gogolando
29. Jul, 2010
The part about the government spending money on inferstructure being good is wrong. The markets make little mistakes in alocating resources. However, the fiat central banking system alocates money to people who use it to comand resources inefficiently.
ehswan
29. Jul, 2010
The conceptions presented in this vidio are ageless. The years will not erode their truth. We live in a debauched society that has no concept integrity!
petros978
29. Jul, 2010
this thing has serious mistakes and is rather a misconception
pingadomulatinha
29. Jul, 2010
bastards! crooks! federal reserve notes are MEANT to be worhtless over a period of time. the criminal financial syndicate called Fed invented this aberrant system of currency and guess what – U. S. government never said a thing – like a good puppet regime it is.
GOLD and SILVER are the only source of real money that is immune to the fiat disease. so beat them at their own game, buy and hold as much as gold as you can. i suggest you to check out MAX KEISER report here on youtube!
jam31688
29. Jul, 2010
these videos are awesome! i have been asking my professors for visual explanations, with real examples to help explain, and they all sucked. But these videos are great. Thanks for explaining to the people who are economically savy
Spamtastic1321
29. Jul, 2010
He doesn’t charge for anything. He posts all his videos for free. Although heavily simplified, all his major points are accurate. You simply have to ask yourself if population, energy consumption, money supply; if all these can grow. . . forever? If not, what happens?
familiadiaynoche1
29. Jul, 2010
thank you for the lessons xx
ispeakthetruth2008
29. Jul, 2010
This guy is a tool. He is NOT an investment professional, has NO experience or EXPERTISE in the financial markets, economics or anything related to investments. Noticehow he is reading from a script. hahahaha. This guy is a vulture preying on the desperation of investors, selling his “crash course” trash. Hey dude, STOP RIPPING PEOPLE OFF. YOU DID NOT PREDICT THIS MESS AND YOU HAVE NO EXPERTISE TO UNDERSTAND IT. You’re a crook who obviously lost your job and now you’re trying to take ppls money
CapitalistHolocaust
29. Jul, 2010
With regards to origin of power, well, ultimately that lies with the President of the U. S. Though the many varied rich vested interests that sponsor such presidents have the major influences over the him.
But that just a predictable consequence of a Capitalist system that allows vast concentrations of power to rest in the hands of the few.
& it was always understood by Capitalists that a further democratization of this process would have to be guided through the ‘engineering’ of ‘consent’.
CapitalistHolocaust
29. Jul, 2010
Yes, in terms of intent over torture & slaughter in the 26 countries receiving US military aid, there was also a strong correlation found between an increase in human rights abuses & an increase in business & investment climates, particularly for U. S. & Western business interests.
There is an excellent graph on page 43 of Chomsky’s “The Washington connection and Third World fascism”, which is worth checking out, you can view it on google books.
RichardRoy2
29. Jul, 2010
I have no doubt that there is a correlation. But to think that the “masters” intent is to slaughter and abuse human rights is to give these masters inhuman powers. There’s more than one goal, with multiple masters. That, in itself, creates operations that work at cross purposes. This MIC is likely subserviant to the I, which is likely subserviant to the $. It’s just a money machine. Skeletor doesn’t run it. Nor does HeMan. Could be George Bush, and Goucho Marx, though.
CapitalistHolocaust
29. Jul, 2010
It’s the same with many of the other proxies that create humans rights abuses on behalf of the US or Britain.
In 1979, Chomsky & Hermann found that 26 of the 35 countries practicing torture on an administrative basis were receiving military aid from the US.
Interestingly enough, once the aid stopped, so did the torture.
There is a strong correlation between US aid & slaughter & human rights abuses.
CapitalistHolocaust
29. Jul, 2010
Running amok beyond it’s intended purpose? Not really, the vast Military Complex – as it relates to proxies – serves the master in a way which creates plausible deniability.
Take Israel. The leading recipient of US military aid. They are an important component/subcontractor of the MIC & serve as military outpost in a strategic region. If the US cut the aid, the oppression against the Palestinians would stop.
UnderseaCaveman
29. Jul, 2010
Hey RR2, cool to see here too.
Yeah, this is great series. . . I finished the whole thing. . . talk later, Bro, Aloha, UC
RichardRoy2
29. Jul, 2010
You’re right, unless you include in the accounting, the loss of life, the destruction of the resources of the loser, the responsibility to the subjects of the losing country, whether you think you can simply execute the losers without moral repercussion. . . And in the winning country, the survivors loss of income, sanity after having to alter their estimate of human life, dislocution of continuity to any plans they, as individuals, may have made, regarding family, carreer, loyalty. War sinks.
RichardRoy2
29. Jul, 2010
Hi, UnderseaCaveman. Glad to see you hear. Small world after all. I think this is a very well thought out presentation, myself. It’s following most of the historical facts I’ve been able to find so far. I’ve been trying to grasp the “Theory of Money and Credit” by Ludwig Von Mises over the past thirty years, and this ChrisMartensondotcom may have shown me a relationship that had been eluding me, in defining the “objective exchange value of money”, for some time. Explore on.
RichardRoy2
29. Jul, 2010
I’m getting to the point where “Military-Industrial complex” is too small to describe what’s happening here. I’m thinking in terms of “Country Inc. “. It is trying to expand into “World Inc. “. The pretexts of Socialism, Communism, Capitalism, are irrelevant. No, I don’t see a conspiracy. I see a machine, or mechanism that operates outside of the intent of it’s instigators. Automation is something that runs on it’s own without oversight. I think the system is running amok. Plug it back in to gold.
RichardRoy2
29. Jul, 2010
2. But the initial action of the Fed disconnected the dollar from gold inside of the USA. Externally, it was still required to pay in gold. When they printed money to pay for the war, and inflation caused external governments cashed in their US dollars for gold to avoid the loss, Nixon disconnected the dollar from gold externally. Essentially, the government was trying to make purchases it couldn’t afford, and defalted on it’s payments. Essentially, the Fed is like a reverse intervenous system
RichardRoy2
29. Jul, 2010
Again, so far, exceptional presentation, with insights I’d not seen or thought of. Thank you, Sir. Very valuable.
RichardRoy2
29. Jul, 2010
I don’t think so. I think it is the actions of Nixon that changed one of the formula’s relationships. Prior to that, the Federal Reserve changed the formula’s relationship into an exponential function. Prior to that, the end of the wars would return the economy to a stable, sustainable level. When the Fed disconnected the currency from gold, the currency started to drift because it was like a boat with no anchor. The money then became tied to debt, and an exponential function arose.
AurynOne
29. Jul, 2010
You’re presenting conflicting hypotheses to explain the increasing price level after 1971. In the first couple of episodes you indicate that this phenomenon is a function of the math involved, by itself, and in the segment you attribute it to the actions of Nixon.
So far your presentation has been pretty good, but this conflict debases it to some extent.
CapitalistHolocaust
29. Jul, 2010
Yes, even the Cold War was a sham to justify continued vast expenditure on the military industiral complex & new spending on the intelligence agencies.
50+ Governments were overthrown by the U. S. & Britain since WWII, most on pretexts of Communist infiltration. In very few cases was this true.
Take Guatemala for example, arms with Soviet markings were planted to justify overthrow there.
Yes, the rich elites profit from War & CIA subversion & the people pay for it in taxes.
CHB1285
29. Jul, 2010
Very very intersting, BUT you need to release the sources of all this data, how would I know how reliable it is?
CosmosPrivateer
29. Jul, 2010
War creates profit for the war mongers.
Thats why they do it and cone us into supporting them.
UnderseaCaveman
29. Jul, 2010
Ok, so now I do understand how the whole “hate the french” movement started in the U. S. (and the counter french movement). Prior to Nixon’s gold move, my guess is that sentiments toward the French was not as negative as in the last 37 years. . . mostly my adult life.