I favorited this. Clear. Short. Easy for anyone to follow. Couldn't stop watching them one after another... on #11 now.

Lionstones, thanks so very much for the excellent link!

Superb! Thanks for the link, nothing short of outstanding.

Excellent presentation, many thanks.
Now,... where's the rope so I can tie my family down and force them to watch it, they're still putting the price rise down to speculators!!

I'm really enjoying all chapters and already forwarded the link to several friends. I hope 1 or 2 of them will get the message.

One thing has stuck with me: Chris says the next 20 years will be nothing like the last 20 years. With the utmost respect to Chris, but none of my 20 years, or all my rolling 20 years looked alike. When I look at the last 20 years ... I lived in 3 continents, 6 countries, a dozen cities and states, had 8-10 jobs, owned 6 vehicles, was single, married, divorced and married again, had 4-5 (minor) surgeries, made money, been at the edge of bankrupcy, had a dog, dog died, etc, and not to mention external events such as Andrew, 9/11, Katrina, tsunami, etc. I can go back to every year and say, "what a year!". Perhaps what is constant in my life is the constant changes.

I'm not saying, "poor me, my dog died", because in the great scheme of things that's not even a bump in the road, rather, just sharing that I've been through glory and tragedy, through abundance and scarcity. Using Chris' words, it's a belief that indeed the next 20 years will be tough ... for those who are unprepared and who have lived in a bubble.

Please comment and share. Please let me know if your last 20 years were essentially uneventful.

Thanks!

VMH

One utterly astonishing bit of information in Chris' video is the assertion that 1 gallon of gas is the equivalent of $7,500 worth of labor (@$15/hr).

IOW, we've been paying $4 for something that yields an equivalent return of $7,500. Oil is nothing short of magic, and clearly could never be replaced.

Fantastic vids. Just watched them all.

I asked my gran about the 70's last week to get an idea what the next year or two is going to be like. Guess i should have been asking about the 30's

And it sounds like we will need to come up with some really good superlitives, cos this one is going to be spectacular

Yeah I asked my grandma about the 70's and she said she didn't remember much because she was busy raising kids, but that she did think it is much worse now because at least back then she could dig in the couch cushins and use the change to go buy bread and milk, but now that change wouldn't be half as much needed to buy a loaf of bread and a gallon of milk.


Great link btw, it really helped me put things in perspective.

I've watched every single part and the whole series is amazing. Quite possibly THE best intro to this stuff that I've ever seen.

Excellent course. The link should be compulsory!



but





the 70's

FFS I thought we were still in them!!

Seriously though my Father-in-law (who basically thinks I'm bonkers) commented on Alastair Darling's "Worst crisis in 60 years" saying; 'but thats a stupid thing to say, my god we had rationing then, it was just after the war!'

My response of simply "Exactly"! left him bemused and muttering as he walked awy!

Excellent. I've only watched video #6 so far, but that was a great explanation of inflation. So what happens to employees/employers during hyper inflation? Do they start paying more? Or do wages stay the same and you are SOL? If the dollar crashes, do people stop going to work?

I watched it all. This is all so surreal. I don't remember being born. I feel as if I have always been alive, though I know that is not the case. The reality is my life is nothing more than a snap shot when aligned with history. I was born in 66, shortly after Nixon did away with the gold standard, and up went the exponential growth(=national debt). Life was suppose to just keep on going as it always has. But this life I now live is one nobody before me, or after me will get to live. And that is not open for debate. My 14 year old son watched it with me. When I asked him what he thought he said, "you are in so much trouble." I corrected him to include himself in the equation. The only logical response to this is to get drunk.

yeth i agreee

hee hee hee, *hick*

I watched chapter 17 (so far) and it was a very good video.

I wasn't expecting it to be, I kind of thought it might be another one of those "this is peak oil basics" but was pleasantly surprised.

I was semi-conscious in the 70's and think it was much worse then. We had price freezes, shortages and stagflation when we didn't even know that stagflation was possible.

Globalization is the only thing that is preventing a repeat of the 1970s right now. The economic tailwind of exploiting poor countries has helped take the sting out of high energy prices to some extent.

But globalization is a one-time expansion, and unfortunately it is also going to badly aggravate the peak oil problem over the next 5-10 years as Chindia start their strip shopping center buildout.

It will, however, be an incredibly interesting time to be alive.