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Peak Prosperity

The Vital Connection Between Oil and The Economy Revealed in Two Simple Charts

Peak Prosperity

Chris Martenson

Government, Investing, Business

4.7591 Ratings

🗓️ 13 December 2022

⏱️ 45 minutes

🧾️ Download transcript

Summary

There’s a huge, glaring defect at the core of our financial and economic system, and it’s sitting in plain sight.

Click here for Part 2.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello everyone, Dr. Chris Martinson here. Today I'm going to explain why economic collapse is inevitable using just two charts.

0:08.0

So let's go there right now. This is episode 88 recording here on December 13th, 2022.

0:15.0

What are those two charts? First, we have this one. This is chart number one right here. This is a chart of total debt

0:22.8

in the United States compared to gross domestic product. So hold that thought. The second

0:26.9

chart is this one, which comes from my new book down there, The Crash Course, which is coming

0:31.8

out in February. So if you pre-order, I would appreciate it. It would be great. We'd love

0:35.9

to get that up the charts. Now, this is global

0:38.3

GDP, that's the global economy, gross domestic product across the world compared to oil consumption.

0:44.7

Now, what did these charts have to do with each other? Well, it turns out lots. So, let me set this up

0:51.9

for you. First, my motto in these stories is I'd much rather be a year early

0:55.9

than a day late, particularly when it comes to life-changing economy-shattering information like this.

1:03.1

I do what I do at peak prosperity here, out in public, because I want people to be prepared.

1:08.0

I want you to be prepared. I don't want you to be unprepared.

1:11.1

I think there's ample evidence that the world is unraveling and it's going to continue to unravel. And I'm going to show you why today. And I'm going to tell you why I think the WEF, the Davos crowd, team elite, however we think of the people who are out there doing what they're doing, I know why they're doing what they're doing because they have access to the same data I'm going to bring you today. And when you see it this way, it's kind of a red pill moment. It's like, oh, if that's really true, then, wow, lots of implications. So this is what it's going to look like. Now, in the crash course, what I do is I endeavor to bring together three separate things at once because I'm a systems level thinker. I can't think of, you know,

1:50.1

all the details involved in the economy and knowing about little minutiae and having to do like

1:54.8

differential calculus to solve for how consumers behave. I think about the economy as a large, large block, and I compare that large block and what I

2:05.2

know about it to the world of energy.

2:07.9

Now, I'm a biologist sort of by training, I guess, you know, I'm in the biological

2:11.7

sciences.

2:12.6

It's where my PhD came from.

2:14.0

So I'm very conversant in statistics and how animals work and organisms.

2:19.3

And because of that, I have a really good sense of what energy means to an economy as a living organism or to myself as a living organism or to any living organism.

...

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