The Crash Course
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. Unsustainable trends in the economy, energy, and the environment have finally caught up with us and are converging on a very narrow window of time - the 'Twenty-Teens.' The Crash Course presents our predicament and illuminates the path ahead, so you can face the coming disruptions and thrive--without fearing the future or retreating into denial. 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. With challenge comes opportunity, and The Crash Course offers a positive vision for how to reshape our lives to be more balanced, resilient, and sustainable. CHRIS MARTENSON, PhD, MBA, is an economic researcher and futurist who speaks to audiences around the world on The Crash Course . He runs PeakProsperity.com, a popular website on the global economy. Chris began his career as a scientist, earning a PhD in pathology from Duke University and an MBA from Cornell. He became vice president of a large international company and believed he had achieved the American Dream, living with his family in a large waterfront home in Connecticut. He was jolted out of complacency by the bear market of 2001 and used his background in finance to investigate the workings of our monetary system. What he discovered changed his life. Today Chris lives with his wife, Becca, and their three kids in rural Massachusetts, where they enjoy a more resilient and independent lifestyle, with fewer things, better relationships with their neighbors, and a higher quality of life.
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