Blog en What Is Money?: Crash Course Chapter 6 ]]><p>Money plays an incredibly large role in the world, but yet it remains poorly understood. What exactly<em>&nbsp;is</em>&nbsp;it? What do the pieces of paper we hold in our wallets and bank accounts actually represent?</p> <p>Developing an understanding of the underlying role of money allows us to better see when it is being used properly, or abused. And history shows that abuse is more the norm than the exception: the record shows over 3,800 previous examples of paper currencies that no longer exist.</p> <p><a href="" target="_blank">read more</a></p> Blog Crash Course currency dinar Federal Reserve fiat currency fiat money hyperinflation inflation money Fri, 25 Jul 2014 15:52:13 +0000 Adam Taggart 86355 at Escaping the Rat-Race ]]><p>The changing nature of work doesn&rsquo;t just matter to new graduates seeking their first career-track job&mdash;it&rsquo;s equally important to experienced workers seeking to escape the corporate rat-race or build a new career after a layoff.</p> <p>Those who understand these changes will be able to successfully adapt. Those who don&rsquo;t, won&rsquo;t.</p> <p><a href="" target="_blank">read more</a></p> Blog career Charles Hugh Smith Degrowth economy job layoff rat-race rate race work Wed, 23 Jul 2014 15:48:50 +0000 charleshughsmith 86158 at Growth vs. Prosperity: Crash Course Chapter 5 ]]><p>Chapter 5 of the Crash Course is now publicly available and ready for watching below.</p> <p>It challenges the conventional thinking that &quot;economic growth&quot; is the same thing as &quot;prosperity&quot;. It isn&#39;t. And increasingly, we&#39;re being forced to trade one off for the other. As global surplus resources dwindle, we need to ask ourselves:&nbsp;<em>Which of these do we value more?</em></p> <p><a href="" target="_blank">read more</a></p> Blog Arthur Schopenhauer growth Malcolm Slesser money prosperity surplus Sat, 19 Jul 2014 00:52:44 +0000 Adam Taggart 86233 at The Electrical Grid May Well Be The Next War's Battlefield ]]><p>We talk a lot about Peak Cheap Oil as the Achilles&#39; heel of the exponential monetary model, but the real threat to the quality of our daily lives would be a sustained loss of electrical power. Anything over a week without power for any modern nation would be a serious problem.&nbsp;</p> <p><a href="" target="_blank">read more</a></p> Blog Chris Martenson CME cyber attack electricity EMP energy FERC fukushima generator grid hacking NSA Power Stuxnet substation transformer Thu, 17 Jul 2014 03:38:43 +0000 cmartenson 86200 at VIDEO: Why, Like It Or Not, We'll Have To Live Within Our Means ]]><p>Last week, Erin Ade of RT TV&#39;s&nbsp;BoomBust&nbsp;interviewed Chris about the launch of the newly-revised Crash Course series. The discussion is quite far ranging, from net energy, to central bank policy, to the role and limitations of technology:</p> <p><a href="" target="_blank">read more</a></p> Blog Erin Ade RT TV Wed, 16 Jul 2014 00:55:32 +0000 Adam Taggart 86188 at Compounding Is The Problem: Crash Course Chapter 4 ]]><p>Chapter 4 of the Crash Course is now publicly available. It includes Chris&#39; famous &quot;magic eye dropper&quot; example of how the compounding nature of exponential systems speeds up over time, often in ways very non-intuitive to the human mind.</p> <p><a href="" target="_blank">read more</a></p> Blog Albert Bartlett Compounding Exponential Growth eye dropper Yankee Stadium Fri, 11 Jul 2014 16:32:59 +0000 Adam Taggart 86131 at Reality-Optional Economics ]]><p>The total tonnage of economic malarkey being shoveled over the American public these days would make the late Dr. Joseph Goebbels (Nazi Minister of &ldquo;Public Enlightenment and Propaganda&rdquo;) turn green in his grave with envy. It&rsquo;s a staggering phenomenon because little about it is conspiratorial; rather, it&rsquo;s the consensual expression of a public that wants desperately to believe things that are untrue, and an economic leadership equally credulous, unmanned, and avid to furnish the necessary narratives that might preserve their jobs and perqs.</p> <p><a href="" target="_blank">read more</a></p> Blog bank Central Corridor Eagle Ford economy EIA Federal Reserve Goebbels James Howard Kunstler Marcellus Media Monterey shale shale gas shale oil ZIRP Wed, 09 Jul 2014 17:10:58 +0000 JHK 86101 at Exponential Growth: Crash Course Chapter 3 ]]><p>Chapter 3 of the Crash Course, Exponential Growth, is now publicly available:</p> <p><a href="" target="_blank">read more</a></p> Blog Albert Bartlett Compounding Crash Course Exponential Growth growth hockey stick population Fri, 04 Jul 2014 15:18:07 +0000 Adam Taggart 86045 at The Approaching Inevitable Market Reversal ]]><p>Though we&rsquo;re constantly reassured by financial pundits and the Federal Reserve that the stock market is not a bubble and that valuations are fair, there is substantial evidence that suggests the contrary.</p> <p>The market is dangerously stretched in terms of valuation and sentiment, and it does not accurately reflect fundamentals such as earnings and sales growth.</p> <p><a href="" target="_blank">read more</a></p> Blog Charles Hugh Smith Federal Reserve financial markets futures options stock market VIX volatility Wed, 02 Jul 2014 12:06:43 +0000 charleshughsmith 86001 at Iraq, Oil & The Coming Wealth Transfer ]]><p>Yesterday, Chris was interviewed by Greg Hunter of&nbsp;USAWatchdog. Greg was a former investigative correspondent at ABC and CNN who now operates his own digital &quot;news station&quot;. He invited Chris on to discuss the latest implications of ISIS&#39; inroads deeper into Iraq, as well as the larger consequences the world faces if plunged into another -- potentially worse -- Great Recession:</p> <p><a href="" target="_blank">read more</a></p> Blog Tue, 01 Jul 2014 20:28:54 +0000 Adam Taggart 86004 at