Chapter 5 (Growth Vs. Prosperity): Contrary to what we’ve grown used to, growth is not the same thing as prosperity. In fact, growth and prosperity are both dependent on the same thing: surplus. Dr. Martenson explains how we’ve been conditioned to want, and to take, both growth and prosperity; however, we are approaching the limits of our physical, finite, earth – the amount of surplus is steadily declining. Chapter 6 (What is Money?): What is a dollar? Sure, it allows us to buy things like food, cars, and iPods; yet, most of us don’t really understand money beyond that. Dr. Martenson not only provides an understandable definition, but also explains what gives our green pieces of paper value, and what dangers any currency must face. www.chrismartenson.com
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Great videos…very well explained…Thanks for posting.
ludwig von mises defines money as common medium of exchange, i can’t wait to see how you justify your claim that money is a claim for human labor… hope that’s on the next videos.
You are refering to Misis’s definition of currency. He defines money as a universal accepted, divisable but basically undestroyable medium of exchange with intrinsic value.
I also find it amusing that you are ridiculing power points.
no, actually i’m referring to mises’s definition of money (from “theory of money and credit”) which is common medium of exchange. money has no intrinsic value. i didn’t quite understand what you meant by power points, but to alleviate any mis-understandings – i really really enjoyed this course and learned alot!
how is this any different from what he said in truth?!?!?
i think that money as a claim on human labor is a special case of the use of money. as human labor is just one form of means of production i think that the defintion isn’t general enough.
but this is just some theoretical corner, by no means should you be discouraged to continue, i think that the 3+ hours i spent on watching this was VERY well invested.
you’re probably right. exactly how to define these things (assuming they can be defined) has been something i’ve been looking at. this whole subject and how it relates to EVERYTHING is something i’ve been looking at hahahah. yikes.
yeah. so far this crash course is really good. have you seen “Money as Debt”? it talks about many of the same things but i think the crash course covers more aspects. best wishes!
inflationary money system…yep, we sure have that here in the good ol’ usa!
This does help explain the whole, “consumer economy” situation we’re in. This is crash course is a blessing…
I think all of you need to realize something. Chris is selling month subscriptions for $30.00. If he scares 500,000 people into wanting to “support his cause”…he will generate 15 million dollars for himself.
That is way more that any one needs to take care of website server costs. This guy is out to make a LOT OF MONEY REAL FAST.
Got something against entrepreneurship?
If all you gotta do to make 15 million is produce a couple philosophical powerpoint presentations on youtube, then wow, our cash problems are over.
So far, I’m seeing sound ideas that I hope many people will take note of. I’ve seen the definition of money as a common medium of exchange, though, and am having trouble with the idea of it as a claim ot labour. Yet, I can see it. As Ludwig Von Mises says there is a historical component to the objective exchange value of money, and I often see this as a means of relating it’s value to the time it takes for you to earn a corresponding equivalency in value to the sustenance of your life.
“support his cause’ !!! Chris is giving this Crash Course away for free to anyone and you can replicate it wherever you like. His information explains the truth about our rotten world economy and why we are so debt-laden. Sounds like you need to look a little deeper…
This guy is a CROOK. He is NOT an economist or investment professional. He is a laid-off lab technician and he is using this economic collapse as a way to MAKE MONEY from you. He is charging for his stupid seminars. Stay away from this crook. He has no idea what he is talking about. He has dozens of shills who have been brainwashed with this “Yes We Can” hype, who troll the internet promoting him. This is the truth.
Martenson, GET A JOB AND STOP EXTORTING MONEY FROM DESPERATE FOOLS.
How is he a crook if this information is available for FREE on youtube? So he charges for seminars… wow, lord forbid he makes a living. You say he has no idea what he’s talking about… provide just ONE example to support this claim. It’s really easy to slander someone over the internet…. not quite so easy to explain why he’s wrong.
For the last hundred years our fed, state, and local govs have deliberately supported a monopolistic economy in order to force individuals and families out of business and into jobs where we are powerless to control our incomes or our taxes to keep them in check. This is the real reason for the bailouts. They don’t care about us, they want us all in jobs so they can regulate our incomes and keep us in check. Chris has managed to employ himself anyway but here you are telling him to “Get a job”.
Thanks for this great information Chris!
I don’t see any refutations on your part, so since this guy’s dealing in information and you’re dealing in name calling I think I’ll stick to this guy for information and only go to you when I want to hear name calling.
Cheers to peace, understanding and wisdom.
You are a damn fool. You do not see how he is fooling you with marketing. I’ve researched this clown YOU HAVEN’T. He actually charges $400 to give seminars on this crap. HE IS TRYING TO BUILD HIS BRAND NAME SO HE CAN SELL HIS TRASH. HE HAS EVEN GOTTEN PEOPLE TO CREARE ADVERTISEMENTS FOR HIM ON WIKIPEDIA. anyone who does not see this clown’s tactics is either STUPID or else has not investigated his actions. FYI, none of this crap helps u make money. Stick to experts who warned u of collapse
You are naive. Youmust be a kid or else your IQ is below 100. I dont have time to explain the motives of a criminal mind. Research it yourself. He charges money for seminars $400. Its caled building your brand by giving shit away for free then charging by gettin an audience. You are a fool. Wake up kid.
I’ll have you know that not only am I naive and severely autistic I also can’t read or spell. As a point of fact this is a random touching of keys that I hope makes words and sentences.
I’ll do my best to wake up. Well, maybe not. Since I’m naive, severly autistic and illiterate I suppose you can’t wake me up. I’d like you to waste more time on me by calling me more interesting names. What else ya got?
Are you going to help or just sling mud?
Piece, luv and umderstamding (sp?).
What makes it criminal to receive compensation for ones knowledge and labor??? You obviously have a very distorted sense of value and self-worth if you don’t even understand this most basic of principals…
bastards! crooks! federal reserve notes are MEANT to be worhtless over a period of time. the criminal financial syndicate called Fed invented this aberrant system of currency and guess what – U.S. government never said a thing – like a good puppet regime it is.
GOLD and SILVER are the only source of real money that is immune to the fiat disease. so beat them at their own game, buy and hold as much as gold as you can. i suggest you to check out MAX KEISER report here on youtube!