Crash Course: Ch. 10 – Inflation (Pt. 2) & Chapter 11 – How Much is a Trillion? by Chris Martenson
Chapter 10 (Inflation – Part 2 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. 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 dont 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 00 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.” www.chrismartenson.com
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Filed under: Inflation
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great trillion explaination !!!
great video!
And they say that “only” 3% of all the dollars in circulation are actually in printed paper form, after seeing this somehow I doubt .001% are actually in paper form. The “fed” quit sharing the M3 data in 2006 so we have no clue how many dollars are even in circulation, but I think it is safe to say WAY more than anyone thinks and record levels.
how this video have only 4667 views?
700more in one day. Dont worry the word is spreading
These videos are definetly for newbs and amateurs who know nothing about economics. Thats why the average gets suckered. Anyone with common sense could figure all this out.
Why not Google :-
“Chris Martenson”
…and visit the actual site? There, you’ll find an exponentially growing community of 110,000 hits per month, with blogs, threads and films dedicated to those that don’t have all the answers. I think you’ll find there is more for you to learn there than you could teach.
you tube lies about viewers numbers
In many cases you tube is not counting viewers. but I think that is not the case this time. Most people have seen these at the site. I seen these videos but it is the first time I see them on youtube (only to see the comments).
Get used to Quadrillion, that’s comin’ up next.
I find it easier to think about trillions in terms of seconds.
1,000 seconds = 16.6 minutes
1,000,000 sec = 11.5 days
1,000,000,000 sec = 31.7 years
1,000,000,000,000 sec = 31709 years
I think the fundamental flaw with fiat money is the ability of the central bank to create money out of nothing. How can you create something out of nothing. You can’t! Anything that is created out of thin air, needs to be replenished. In other words, the exponential inflation that has acrued over time, is basically the wealth that we have stolen from future generations.
Porque no todas las personas tienen el interes o los conocimientos basicos de economia y finanzas. Es por eso que no comprenden lo que el Christ nos quiere compartir.
Christ no te preocupes por lo que te digan.
Otros temas son para las MASAS.
Somoos una Elite que intelectualmente te comprendemos y entendemos.
GRACIAS POR TUS COMENTARIOS AL RESPECTO DEL SISTEMA.
La capacitacion es cara pero mas cara es la ignorancia.
I find it MUCH more useful to express the amount of money a government spends on a per capita basis.
In my opinion, with numbers such as billions & trillions, its best to imagine how it would be divided among the population & also what people can buy with it. With a population of 300 million…
1 billion = $3.33 per person: a drink at a coffee stand or lunch @ Burger King.
1 trillion = $3,333: a used car or new appliance.
13 trillion, the current national debt: = $43,333 per person – a years salary of a typical middle class worker.
I think this better reflects the weight of the problem.
hmmm, I don’t know is this stuff for real?
Don’t know how Bernanke could keep a straight face while saying the inflation is under control at his presser this week.
Doesn’t he realize that history is going to be laughing at him for the next 100 years?