The United States is now on a collision course with an economic crash.

I don't see any way to avoid it at this point in time.

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Hello, everyone. I am Dr. Chris Martinson of Peak Prosperity, and I am pleased to be with you today.

We're going to be talking about this, the coming economic crash, and any of you who have been following me, know my basic thesis is that, look, money is a human construct.

It's a thing that we use to measure things, but it's not real wealth. Real wealth comes from real things. And we know that because when we look at, say, oil, consumption, and GDP. Seeing up the y-axis up there, we have 20-20 GDP in billions. It's a log scale, 20-20 oil consumption across the x-axis, and again It's a log scale. 20, oil consumption across the X axis, and again in a log scale, expressed as billions of dollars

versus millions of barrels per day consumed by countries. You can see all the way out here,

we have the United States very much on the far end of this, then China, and Japan rush all this, but look at this, it's a straight line.

It's a straight line. The implication is easy. If you want more economy, you're going to be burning

more oil. And that makes a lot of sense intuitively, right? Because when you look out across

the economy, what do you see? You see planes in the sky, trucks on the road, goods

that you can buy, food in the store, every one of those when you strip it back a little

bit, has oil as part of its production, distribution, manufacturer, and final disposition.

That's it. Oil? Oil, makes sense. Okay. That makes sense, but we could look at it too in

terms of electricity. On the y- axis. This time we have electricity consumption per capita and across the bottom GDP income, national income, GDP per capita. Again, log scales. You will notice that there is no such thing as a low energy rich country because these are richer countries

as we go out this way, more GDP per capita, richer.

And this is more energy.

So this would be low energy, rich.

No such thing as a low energy rich country.

If any country in the world had figured out how to be rich without using energy or electricity

in this case, you would see a dot in here

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