The Crash Course in Shorter Form

Wednesday, June 23, 2010, 6:13 PM

I have good news to report and another video version of the short version of my talk for you to watch and hopefully use.  Of course, we've been honing and crafting "the talk" over the past few months (years, actually), trying to make it more accessible, cleaner, and shorter.  I think we've got it pretty close to right.

A recent talk given at the Yahoo! headquarters in CA in June was recorded (along with the entire Q&A afterwards), was made available to us, and has just been uploaded, in six parts, to our channel by the team here at Martenson Central.

Here's the first part; the other five are below (note that the actual introduction starts at 1:14 in the first clip):

And here are the links to the remaining parts:

Part 2:

Part 3:

Part 4:

Part 5:

Part 6:

I hope you enjoy these clips from the Yahoo! talk, and I hope that you find them useful in your personal efforts to raise awareness.

I've also taken the core of this talk, gone into a studio, and re-shot the whole thing in High Def to create both a UK-centric and a US/global version, both of which will be available soon.

These finished versions will be, I think, in the vicinity of 30-35 minutes (because I leave out the "what do we do?" parts and direct people back to this site where all the elaborate implications can be more competently addressed than in the last few minutes of a short presentation.)  These will be available on the web and in NTSC and PAL video DVD versions as soon as we can arrange all the production and distribution details.

I am very excited to be this close to providing you with much, much shorter versions of the Crash Course that you can use in your efforts to engage friends, families, and associates with this important material. Believe me, we've heard your requests for a shorter version loud and clear, and we're doing everything we can to meet those requests.

Can all this be even shorter?  Yes.  The very next production task on my very crowded list of actions is to create a three-minute version.  Of course it will be more of a teaser than a mini-version, but one that is badly needed.  Our goal here is to spread the word about the challenges that we face in order to create a tipping point of awareness about their true nature. Without this critical mass of awareness, our highest mission of creating a world worth inheriting will not happen.

So what's the good news?  We're on fire here.  We are happy with our increasing ability to reach more people with greater impact and to do so in a way that allows the listener to hear the material on some level - if not immediately, then at some point in the future.

Here's an unsolicited blog posting by MN state legislator Torrey Westrom in response to a recent lecture I gave there (June 2010) at their request:

Lucky to be alive during pivotal point in human history

A strong argument can be made that issues pertaining to our economy, energy and the environment have put us on course to live the greatest story ever to be told by any generation.

As a member of the state's Energy Commission, I recently attended a seminar called Crash Course, conducted by research scientist Chris Martenson. His message is our economy, energy and environment are so deeply intertwined they must be addressed collectively if we’re going to make improvements in these areas.

Martenson says our economy must grow to support a money system based on borrowing, but is challenged by an energy system that cannot grow, and both of these are linked to a natural world that is rapidly being depleted (i.e., oil).

That is a lot to wrap your head around.


Martenson challenged all of us to refute his facts, and in the six years he’s been researching and speaking about his Crash Course video, no one has been able to refute his assertions. I felt compelled to do more than just attend Martenson's presentation and wanted to share some of the points he raised to help Minnesota citizens become more aware of this information, conduct research themselves and draw their own conclusions. This may inspire us all to dig deeper for solutions that will again make our state and country great.

I love the fact that Torrey Westrom was able to immediately hear the call to greatness embedded in an otherwise very challenging message.  That means we're doing it right.  Where others may inadvertently convey the impression that we face an insurmountable set of obstacles, we manage to be both realistic and optimistic. 

There are strong elements of empowerment and opportunity in this message, but it often takes years to finally see them.  Yet we've managed to shorten that process to a matter of weeks, sometimes days, and in a rare (but growing) number of cases, to a single lecture.

That's the good news.  It means we are poised to bring our message to an increasingly wider audience.  Thank you for your help in getting to this point.  It has been invaluable.

So enjoy the talk; more to come!


Chris Martenson

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Davos's picture
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Re: The Crash Course in Shorter Form

Super watch!

Tycer's picture
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Re: The Crash Course in Shorter Form

So Chris, 

Whose phone was it?Laughing

I'll never tire hearing you speak. Thank you so much. As with the CC and the 45 CC, I will pass this on. We will tip the scales.

Gibber's picture
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Re: The Crash Course in Shorter Form

Watched this a few days ago.

The talk had been linked to from  on 19th June.

My only comment is your view on NZ Central Bank.  Which I disagree with.  If i had had coffee in my mouth when you used the New Zealand Central Bank as an example of a Central Bank that was better than the rest, the screen would have been covered with coffee.

New Zealand had a housing bubble from 2002 - 2007. Fuelled by the Carry Trade which the Reserve Bank of NZ (RBNZ) completely mishandled. Every time the RBNZ raised the interest rate, NZ became even more attractive to the originators of the Carry Trade.  Plenty of people were prepared to pay a high interest rate when it seemed like 20% per annum capital gains were the new normal.

The only tool the RBNZ chose to use to try to prevent a housing bubble was higher interest rates.  This led to a huge influx of hot money via the Carry Trade.  John Needham pointed this trade out in early 2008. And boy, did that NZD-JPY Carry Trade rubber band snap in late 2008

Over the past 18 months the RBNZ has been looking at adding other tools to its kit bag like local funding ratios for the local banks. So they have to raise a percentage of the money they lend from onshore sources only. The aim is to prevent the huge housing bubble that occurred from 2002 to 2007, funded to a large degree by offshore money,  and the effects of which hit the export sector very hard.  So, while they now seem, to a large extent, to have "got it:. Their handling of the issue from 2002 - 2007 was awful.

For me, living in NZ, the RBNZ had, in my opinion, a Big Fail.  They were totally impotent and incompetent in their handling of the Carry Trade.

Banks were lending 100% finance on houses. And in New Zealand, the activity of cowboys in every other investment sector meant, to a large degree, housing was the favoured investment. Once the bubble started to be blown, it was away.  Just like the USA, UK, Ireland, Australia.

ckessel's picture
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Re: The Crash Course in Shorter Form

Excellent news Chris!  I will be using  the new short version clip to make presentations to the service clubs in my extended area. The plan is to present to many clubs over a one or two month period and announce a detailed "Crash Course Seminar Series" which would follow and be a larger venue able to accomodate 60 to 100 persons at a time.

I think this will be a very effective way to "pluck" those persons who have the interest and ability to sit through the full CC out of the larger group. As you have mentioned, many are really more interested in finding out what happened on "The Batchelor" TV series , etc. OMG!!!!   At least I am at a level of acceptance these days that I can enjoy a moment of humor about it rather than operating as my old "angry" self!!! Smile  Very Well Done!





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Re: The Crash Course in Shorter Form

Great videos Chris.

Gibber's link above should be:

Luckily I wasn't drinking coffee when NZ was mentinoed Laughing


JAG's picture
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Dr. M,

I can't believe how much I learned from that presentation! I'm an "old dog" around here yet you continue to teach me "new tricks" with each presentation you give. Actually seeing you speak provides a great deal of context to your written words, and this has brought clarity to a number of issues that I have either misunderstood and/or disagreed with in the past. 

Thank you for taking time away from your family to do this presentation and provide it here for us free of charge. I found it invaluable.


SteveW's picture
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Re: The Crash Course in Shorter Form

Great presentation Chris. I think you've got great new visuals in there that are really good in developing an intuitive visual impact. For example when you connected the growing economy to the declining energy I almost expected the economy to be sucked into a smaller rectangle. 

Poet's picture
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Re: The Crash Course in Shorter Form


For someone like me who has watched the entire Crash Course several times over, who is NOT an enrolled member, who has not been fortunate enough to have attended a live session...

...Probably the MOST valuable part of the recorded presentation at Yahoo! - clearly worth watching - is the question and answer period. Dr. Martenson revealed so much more  - more food for thought, more answers, more details, tantalizing glimpses into what he has been thinking about since the thoughts and ideas originally presented in the Crash Course so long ago. Thoughts on China (the "race") and raising children, and the idea of "using less" (as being the real means of efficiency, not technology), and the economy (risk, fear, inflation/deflation, fiscal crisis) really gave me food for thought.

Dr. Martenson is a first class mind and deep thinker doing the best he can in a country where the majority and the politicians still have no frickin' clue, but yet a country he loves all the same and is doing his best to raise awareness in. A true patriot: of America, of humanity.

Thank you so much for sharing this presentation, sir.



Montana Native's picture
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Re: The Crash Course in Shorter Form

From the outside in Dr. M, that's how we can make it work. That's the only way we can make it work.

sofistek's picture
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Re: The Crash Course in Shorter Form

Good presentation. Some thoughts.

Exponential growth causes problems but I think Chris underplayed linear growth. It was unsaid but the implication appeared to be that linear growth was OK. However, all growth is unsustainable.

There was a question about alternative energies and I think many people place their hope in that. I think Chris missed an opportunity to make it clear that even if some as yet unforeseen alternative could come to the energy rescue, with no adverse impacts, we have a problem with all resources (including the resources needed for the alternative infrastructure). We'd have to find alternatives to almost all resources, and then alternatives to those alternatives. He also sneaked in the fact that alternatives would also have to grow each year, but it may have been missed by many listeners; that could have been more explicit.

Efficiency? Yes, there is something about ICEs that put a hard limit on the efficiency. That could have been made more general; no process can be made 100% efficient and, even if it could, there is certainly a hard limit there. We can't grow through efficiency for ever. Again, growth is unsustainable.

Chris seemed to be optimistic that increasing numbers of people are becoming aware. Unfortunately, I don't see that outside of the Internet. Although absolute numbers of aware people are increasing, it's a bit like the exponential growth charts he puts up, we're still early on the flat part and the cross over point is almost invisible in the distance.


Casey's picture
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Re: The Crash Course in Shorter Form

Dr.  M!

Very, very excited about the DVD version of a compact Crash Course.  There are many opportunities and audiences for that format.

Please continue the valuable and necessary work that you do.


sofistek's picture
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Posts: 818
Re: The Crash Course in Shorter Form

One more point. Chris stated, in the short presentation, that all money is debt. Of course, those who've seen the full crash course can understand the rationale behind that but, in this short course, Chris says, "you'll have to trust me on that". I think it would be useful to figure out a quick way to demonstrate the premise; it doesn't have to be a thorough examination, just a hint that the trust is well founded. Perhaps the first bit of the rationale on the Crash Course (no money, person deposits 1000 dollars, from that, the bank can loan out 900, then 90% of 900, and so on) just to give a sense that the statement, "all money is debt", is based on sound reasoning.

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