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chris martenson039s presentation at the gold amp silver meeting in madrid

subscribe to our newsletter at http:wwwgoldmoneycomgoldresearch in this video chris martenson economic analyst at http:chrismartensoncom and author of 039the crash course039 explains why he thinks that the coming 20 years are going to look completely unlike the last 20 years in his presentation he focuses on the so-called three quotesquot: economy energy and environment he argues that at this point in time it is no longer possible to view either one of those topics separately from one anothersince all our money is loaned onto existence our economy has to grow exponentially martenson proves this point empirically by showing a 999 fit of the actual growth curve of the last 40 years to an exponential curve if we wanted to continue on this path our debt load would have to double again over the next 10 years by continually increasing our debt relative to gdp we are making the assumption that our future will always be wealthier than our past he believes that this assumption is flawed and that the debt loads are already unmanageablemartenson explains how exponential growth works and why it is so scary that our economy is based on it in an example he illustrates how unimaginably fast things speed up towards the end of an exponential curve he shows that an exponential chart can be found in every one of the three quote039squot for instance in gdp growth oil production water use or species extinction due to the natural limitations on resources martenson comes to the conclusion that we are facing a serious energy crisisthis energy predicament is namely that the quantity of oil as well as the quality of oil are in decline he shows that oil discoveries peaked in 1964 and oil production peaked 40 years later martenson also shows how our return on invested energy is rapidly declining -- the quotcheap and easyquot oil fields have already been exploited in 1930 the energy return for oil was 100:1 or greater today it is already down to 3:1 and newer technologies such as corn-based ethanol only provide a 15:1 return martenson predicts that the time in between oil shocks will get shorter and shorter and that oil prices will go much highernot only oil but also other natural resources are being rapidly used up as well at the current projected pace of use known reserves for many metals and minerals will be gone within the next 10 to 20 years the energy needed to get these non-renewable resources out of the ground is growing exponentially so we live in a world that must grow but can039t grow and is subject to depletion the conclusion out of all this is that our money system is poorly designed and that we need to rethink how we do things as quickly as possibleafter finishing his presentation chris martenson answers questions regarding a rise in efficiency alternative technologies and oil prices he also responds to questions regarding electricity shale gas gold silver platinum palladium and uranium and the race for global resourcesthis video was recorded on november 16 at the gold amp silver meeting 2011 in madrid