How are you at writing? Futuo has been working on chapter summaries for the video descriptions (see above). I think he has a few more that he hasn’t yet published here, but he could probably use a hand. If you think you can write up descriptions of similar caliber, that would be great. This won’t hold up the launch as I’m going to go live without descriptions for all of the vids., but it’s something that needs to be done. I simply don’t have the time otherwise I would do it myself.
The launch has had a few hang-ups due to some problems with the mastering of the YouTube versions. The guy who was doing the conversions grouped several of the shorter chapters into single videos which is not what we wanted. We were going to make him re-do them as a warranty issue, but Chris has recently instructed me to upload them as-is. In fact, I was JUST working on them when I read your post. I expect to have all of the videos uploaded tonight. After that I will need someone to post an announcement on the general forums that the YouTube videos are online and for people to begin sharing them through their social networking sites, etc.
So, to summarize, here are things you or anyone else can help out with:
1. If you have good writing skills, help Futuo with the video descriptions.
2. After I announce it here, post an announcement on the main forums announcing the launch.
3. I need a webmaster for the YouTube channel. Someone to log on regularly, respond to comments, accept friends requests, go post comments on other videos, find good financial videos to add Crash Course videos as "video responses", and post bulletins either about Crash Course related news or material, or copying the CM.com blog posts.
For number 3, you will be given the title "YouTube CC Webmaster" and it will show up as your forum title (if you want it to override your "gold, silver, bronze" status. You must be in this role for a few weeks before officially granted the title.
Thanks for asking!
I just contacted Futuo via the email contact form (I think). If he wants some help, I’m willing.
Thanks for the offer to help out.
I am having some technical difficulties uploading the YouTube videos. I’m not really sure what’s wrong, but the uploads have failed on multiple attempts. I have tried it with the single upload as well as the bulk uploader tool.
Would anyone be interested in uploading the videos for me? I can provide you access to the FTP account where you can download all of the videos and re-upload to YouTube.
I will keep trying until I get someone to help out.
I can give it a try — [email protected]
Of course I’ll need FTP address and password, and Youtube username and password.
Also, if we post the videos to Google Video, then people have the option to download the video as an iPod-ready mp4 file, FYI.
Sorry i haven’t gotten to your e-mail. I’m chugging through the descriptions, and will have them done sometime Friday at this rate. If Luc wants them quicker, and this is something you want to work on christmas/christmas eve, just ask and I’ll let you know how far I am – or you can start from the end and we can work until we meet each other or something.
Friday is fine. I didn’t realize how far along you were.
I will be in contact with j regarding the uploading…
Yeah sorry I haven’t been posting them as I do them – I tend to look back at them a day later and change a thing or two. And I can always take longer, if you’d like 😛
No problem. Quality is always desired over punctuality! 🙂
You are the best judge of when they are ready and I trust you won’t submit anything you aren’t 100% happy with. That’s the kind of person you are!
Don’t feel rushed.
Quick update – solid and revised up through chapter 16. Will be posted sometime tomorrow, hopefully early, but that’ll depend on family things I can’t control.
Here they are through 16, I’m wrapping up the other chapters. I was thinking, do we want to change all the references from "Chris" to "Dr. Martenson" in the preceding chapters? I’ve used "Dr. Martenson" consistently throughout these ten. Thoughts?
Chapter 7 (Money
Creation): Understanding how money is created provides a foundation for
appreciating the implications of our massive levels of debt, because it tells
us how that debt came into being. As John Kenneth Galbraith once said, “The
process by which money is created is so simple, the mind is repelled.” Dr.
Martenson walks us through this simple process of fractional reserve banking.
Chapter 8 (The Fed –
Money Creation): Chapter 7 explained money creation via money loaned into
existence by banks, on the local level. Chapter 8 explains money creation by
the Federal Reserve, where we learn that it is manufactured out of thin air. Perpetual expansion is a requirement of modern banking. The banking
system MUST continually expand, because that is how it was designed. By
understanding the requirement for continual expansion we will be in a
better position to make informed decisions about what is likely to
transpire and take meaningful actions to enhance our prospects.
Chapter 9 (A Brief
History of US Money): Beginning with the panic of 1913, this chapter
touches on important events in the history of US money, such as the creation of
the Federal reserve, FDR’s confiscation of private gold, the Bretton Woods
agreement, and Nixon’s slamming of the gold window. We learn that the current
international monetary system of unbacked currencies is only 37 years old, and
is operating outside of the standards established by the Bretton Woods
agreement. The system we’re operating within has not been planned or designed:
it emerged out of a crisis. Dr.
Martenson also provides graphs of total US Federal Debt, and Total US money
stock, both of which are growing with no end in sight.
(Inflation): 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
Chapter 11 (How Much Is
A Trillion?): Recently, we have gotten used to hearing the word “trillion”.
From trillions of dollars of government debt to trillion dollar bailout
packages, we are spending enormous sums of money. However, most of us don’t
realize how much a trillion actually is. Dr. Martenson explains how much a
trillion is using a few examples, such as a 67.9 mile high stack of $1,000 bills. As he concludes: “Make no mistake,
a trillion is a very, very big number and we should not be lulled into
complacency simply because it is too big to really get our minds around. That
should drive us to action instead.”
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.
Chapter 13 (A
National Failure To Save): “The next twenty years are going to be
completely unlike the last twenty years.” – Dr. Martenson. Chapter 13 begins
his explanation for this deeply held belief. On every level of our society,
there has been a failure to save. Individuals, cities, counties, states, and
corporations have all failed to save, but, more importantly, so has our federal
government. Our government has
pursued a reckless policy of debt accumulation, while neglecting saving and
investing, leading to Dr. Martenson’s claim that the United States is insolvent.
Insolvency, which occurs when one’s liabilities exceed assets, is first step on
the road to bankruptcy.
Chapter 14 (Assets
& Demographics): Having examined our nation’s current,
never-before-seen level of debt, as well as our failure to save, we now move on
to look at our assets. Key concept 8 is introduced, that debts are fixed, but
assets are variable, sometimes gaining and sometimes losing. Dr. Martenson
assets, especially in light of our current demographic situation. The effect of
the baby boomer generation is specifically considered, with the conclusion that
the next 20 years are going to be completely unlike the last twenty years.
Chapter 15 (Bubbles):
Throughout the long sweep of history, the bursting of asset bubbles has
nearly always been traumatic. Social, political and economic upheavals have a
bad habit of following asset bubbles, while wealth destruction is a guaranteed
feature. Four characteristics of bubbles are observed: that they are
self-reinforcing on the way up (higher prices become the justification for
higher prices); once they pop, the game is suddenly and permanently over; they
are roughly symmetrical in time they take to peak and fall; and they are
roughly symmetrical in price, returning to their pre-bubble status. Dr.
Martenson concludes that the housing bubble is itself just a symptom of a
credit bubble, leaving a final catastrophe of the currency as our most likely
Chapter 16 (Fuzzy
Numbers): Dr. Martenson explores how inflation and GDP are measured, how
their measurement has changed over years, and what that means concerning the
integrity of these government statistics. Substitution, Weighting, Imputations,
and Hedonics and their effects on calculating inflation and GDP are each
examined. Dr. Martenson traces the social impact of these shady statistics, and
finishes by showing how a dishonest determination of inflation further deforms
an already flawed GDP calculation.