The advent of time shows all his claims are false - 43 years later the Western lifestyle still continues, better for some and worse for others. The same goes for terrorist attacks, government policy, and technology. Why these events, experiences and industries would be separated as a single problem and not united is beyond common sense. As the author of Oil, the 4th Renewable Resource I take absolute argument with Martenson in regards to his Energy category, namely peak oil. Martenson asserts that peak oil is not a theory but rather a description of a physical process. This is incorrect as well.
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However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation. The next twenty years will be completely unlike the last twenty years.
The world is in economic crisis, and there are no easy fixes to our predicament. In this book you will find solid facts and grounded reasoning presented in a calm, positive, non-partisan manner. Our money system places impossible demands upon a finite world.
Exponentially rising levels of debt, based on assumptions of future economic growth to fund repayment, will shudder to a halt and then reverse.
Unfortunately, our financial system does not operate in reverse. The consequences of massive deleveraging will be severe. Oil is essential for economic growth. The reality of dwindling oil supplies is now internationally recognized, yet virtually no developed nations have a Plan B.
The economic risks to individuals, companies, and countries are varied and enormous. Best-case, living standards will drop steadily worldwide. Worst-case, systemic financial crises will toss the world into jarring chaos. This book is written for those who are motivated to learn about the root causes of our predicaments, protect themselves and their families, mitigate risks as much as possible, and control what effects they can.
The Crash Course by Chris Martenson
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