The world is in economic crisis, and there are no easy fixes toour predicament. Unsustainable trends in the economy, energy, andthe environment have finally caught up with us and are convergingon a very narrow window of time—the "Twenty-Teens." TheCrash Course presents our predicament and illuminates the pathahead, so you can face the coming disruptions and thrive--withoutfearing the future or retreating into denial. In this book you willfind solid facts and grounded reasoning presented in a calm,positive, non-partisan manner.
Our money system places impossible demands upon a finiteworld. Exponentially rising levels of debt, based onassumptions of future economic growth to fund repayment, willshudder to a halt and then reverse. Unfortunately, our financialsystem does not operate in reverse. The consequences of massivedeleveraging will be severe.
Oil is essential for economic growth. The reality of dwindlingoil supplies is now internationally recognized, yet virtually nodeveloped nations have a Plan B. The economic risks toindividuals, companies, and countries are varied and enormous.Best-case, living standards will drop steadily worldwide.Worst-case, systemic financial crises will toss the world intojarring chaos.
This book is written for those who are motivated to learn aboutthe root causes of our predicaments, protect themselves and theirfamilies, mitigate risks as much as possible, and control whateffects they can. With challenge comes opportunity, and TheCrash Course offers a positive vision for how to reshape ourlives to be more balanced, resilient, and sustainable.
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About the Author
CHRIS MARTENSON, PhD, MBA, is an economic researcher andfuturist who speaks to audiences around the world on The CrashCourse. He runs PeakProsperity.com, a popular website on theglobal economy.
Chris began his career as a scientist, earning a PhD inpathology from Duke University and an MBA from Cornell. He becamevice president of a large international company and believed he hadachieved the American Dream, living with his family in a largewaterfront home in Connecticut. He was jolted out of complacency bythe bear market of 2001 and used his background in finance toinvestigate the workings of our monetary system. What he discoveredchanged his life.
Today Chris lives with his wife, Becca, and their three kids inrural Massachusetts, where they enjoy a more resilient andindependent lifestyle, with fewer things, better relationships withtheir neighbors, and a higher quality of life.
Table of ContentsForeword.
Part I: How to Approach the Next Twenty Years.
Chapter 1 The Coming Storm.
Chapter 2 The Lens: How to See the Future.
Chapter 3 A World Worth Inheriting.
Chapter 4 Trust Yourself.
Part II: Foundation.
Chapter 5 Dangerous Exponentials.
Chapter 6 An Inconvenient Lie: The Truth about Growth.
Chapter 7 Our Money System.
Chapter 8 Problems and Predicaments.
Chapter 9 What Is Wealth? (Hint: It’s Not Money).
Part III: Economy.
Chapter 10 Debt.
Chapter 11 The Great Credit Bubble.
Chapter 12 Like a Moth to Flame: Our Destructive Tendency toPrint.
Chapter 13 Fuzzy Numbers.
Chapter 14 Starting the Race with Our Shoes Tied Together.
Part IV: Energy.
Chapter 15 Energy and the Economy.
Chapter 16 Peak Oil.
Chapter 17 Necessary but Insufficient: Coal, Nuclear, andAlternatives.
Chapter 18 Why Technology Can’t Fix This.
Part V: Environment.
Chapter 19 Minerals: Gone with the Wind.
Chapter 20 Soil: Thin, Thinner, Gone.
Chapter 21 Parched: The Coming Water Wars.
Chapter 22 All Fished Out.
Part VI: Convergence.
Chapter 23 Convergence: Why the Twenty–Teens Will BeDifficult.
Chapter 24 Closing the Book on Growth.
Chapter 25 Future Scenarios.
Part VII: What Should I Do?
Chapter 26 The Good News: We Already Have Everything WeNeed.
Chapter 27 What Should I Do?
Chapter 28 The Opportunities.
Most Helpful Customer Reviews
His crash course on youtube was perhaps my first real wake-up moment. And even if several years later, the system still hasn't collapsed, it doesn't matter. Staying prepared doesn't mean having perfect timing, it means being ready regardless of when something happens. To that effect, I think people will find the book very helpful.
The author identifies major economic, energy and environmental trends that are shaping our lives, then describes realistic ways we can respond as individuals and a society. This is a comprehensive, well-documented study; definitely not light reading but worth the effort for those who are concerned and want answers. “Part VII: What Should I Do?” contains the good news – we already have what we need to correct the harmful trends. We simply need the desire and motivation to make the necessary changes a priority. As individuals, we can decide which ones are best suited to our abilities and needs. This is a lengthy book, but it definitely will help you reset your priorities and come to terms with the inevitable changes that face us.
This is very readable for the subject matter, but not simplistic or obvious.
Author makes complex content easy to understand. Personal story, humor, historical examples make this book a compelling read. I recommend for anyone wanting to understand the 'big picture' of the US economic predicament.