Understanding the Economic Crisis

Some of the questions that have been haunting me ever since the economic crisis started are
  • What is this so called economic crisis and how it is caused?
  • What is the meaning of all the terminology that they are using such as inflation, credit crunch, etc?
  • How will the economic crisis effect us?
  • How is money created?
  • Are the governments around the world doing the right things?
  • Is there a relation between the oil prices and the current economic crisis?
  • Can the problem be solved and if it can be solved for how long will it go on?
I have been looking around for these answers and came across The Crash Course by Chris Martenson. It is divided into the following chapters and it goes on for a total of a little more than 3 hours.

  • Chapter 1: Three Beliefs (Time: 1:46)
  • Chapter 2: The Three "E"s (Time: 1:38)
  • Chapter 3: Exponential Growth (Time: 6:20)
  • Chapter 4: Compounding is the Problem (Time: 3:06)
  • Chapter 5: Growth vs. Prosperity (Time: 3:40)
  • Chapter 6: What is Money? (Time: 5:55)
  • Chapter 7: Money Creation (Time: 4:19)
  • Chapter 8: The Fed - Money Creation (Time: 7:13)
  • Chapter 9: A Brief History of US Money (Time: 7:14)
  • Chapter 10: Inflation (Time: 11:48)
  • Chapter 11: How Much Is A Trillion? (Time: 3:28)
  • Chapter 12: Debt (Time: 12:32)
  • Chapter 13: A National Failure To Save (Time: 12:06)
  • Chapter 14: Assets & Demographics (Time: 13:41)
  • Chapter 15: Bubbles (Time: 14:10)
  • Chapter 16: Fuzzy Numbers (Time: 15:52)
  • Chapter 17: PART A: Peak Oil (Time: 17:52)
  • Chapter 17: PART B: Energy Budgeting (Time: 12:15)
  • Chapter 17: PART C: Energy And The Economy (Time: 7:05)
  • Chapter 18: Environmental Data (Time: 16:22)
  • Chapter 19: Future Shock (Time: 8:02)
  • Chapter 20: What Should I Do? (Time: 19:48)
It is totally worth going through because he talks in very basic terminology and he explains things right from the basics assuming you know nothing. A lot of it is scary and unimaginable but it makes logical sense. Take the time to go through all the presentations right from the begining as it is in a very logical order and you will not be able to understand the later presentations without going through the ones in the begining.

Comments

Anonymous said…
Thank you so much for visiting my blog. You have a great site your self. I hope you continue to come back. I will return to read yours, it is very informative. Thanks so much. -kayla
8:14 AM, December 01, 2008
Dewdrop said…
Hey excellent find!!! Thanks for sharing!
10:22 PM, December 13, 2008
Anonymous said…
Very Informative course...... Thanks for sharing.
10:24 PM, January 02, 2009
Tony said…
I was interested in seeing your ClustrMap of visitors that I was being directed off your site to view the expanded map on the provider's site. I think there is a way of "plugging in" the application so that your visitors can see the enlarged map as a semi-transparent display over your main page. I know there is a WordPress plugin available so it stands to reason that there is at least one for Blogger. I thought you would be interested in checking this out. You have a very interesting blog.
5:55 PM, March 31, 2009
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