Chris, I want to thank and congratulate you for a truly superb quality and very cogent presentation! You've done a fantastic job and I'm eagerly awaiting the last 4-5 segments. I've watched the presentation from start to finish about 3 times...I only hope you're not becoming scared by your own conclusions!
Again, stellar piece of work!
Well done,
this is superb....i hope you do a chapter on real money like gold and silver and people need to understand how this will help them in the future years of inflation to come.
I'm hoping you're going to make the case for continuing inflation. According to Shadowstats the M3 has been falling for the past several months. Further, I have yet to see a reversal in the tighter lending standards of the banks in lieu of FED rate cuts. Loan defaults are on the rise as well. Decreasing loan numbers and increasing defaults amounts to money destruction. This all points to deflation and a bursting of the dollar bubble. You allude to gold as a safe harbor yet your information points to a coming deflation in which gold will also lose value.
If you believe that government spending will offset the loss in money creation on the public side - I'd like to know how. Currently, this is clearly not the case so what will change in the future to make it so?
Jon
I have just stumbled upon your Crash Course, and "stumble upon" pretty well describes my relationship to money and finances since being able to count to a dollar. I have never heard such an insightful lesson in economics, a subject I have never studied in school and have always had a great deal of difficulty understanding, in my life. And since the "Beginning of the Internets" I have explored for answers.
Thank you. I am desperate for the remaining chapters. I am a member of the first Baby Boom year (born in 1946), and very much headed for retirement with (you'll be surprised to hear), a less than healthy plan or fund. Did I read into your lessons so far that you have put you money in something other than US currency based assets?
ANYWAY, THANY YOU THANK YOU HURRY UP WITH CHAP 17 ALREADY!
Submitted by vlad.sirghe on Wed, 08/13/2008 - 17:33.
Very nice presentation !
I only found one very important "flow": you say in chapter six that money are "a claim on human labor" but I'm not very sure if that's our wish or the reality ... and I'm afraid that money are not so much a "claim on human labor" but more likely a measure of the quantity and quality of goods a nation enjoy. That slightly different definition might change the "Crush Course" conclusions ... because that type of money don't necessarily "claim on human labor" now, when the "machines" produces a lot of our goods
Anyway, I repeat: Very good and challenging speech !!!
Submitted by flyingcat on Sun, 08/17/2008 - 09:46.
Take care, Chris. I'm sure not everyone likes what you have done. George Orwell once said: In a time of deceite telling the truth is a revolutionary act.
Submitted by nodebthere on Mon, 08/18/2008 - 03:15.
Outstanding!!
Thanks for bringing clarity to the issues and topics of interest that my workplace friends,golf buddies have ranted about for many moons.
The items on "our debt" and bubbles made me (a non expert) feel like a financial pro.
cheers , Bob
Congratulations Chris - these articles are fantastic. I now feel I have much more insight into these matters than I have ever had previously, alarming though they are. Surely this is a wake-up call.
Crash Course
Well done, this is
I'm hoping you're going to
new "account"
Very nice presentation ! I
Take care, Chris. I'm sure
crash course
The Crash course