Hardcover: 336 pages
Publisher: Wiley; 1 edition (March 29, 2011)
Language: English
ISBN-10: 047092764X
ISBN-13: 978-0470927649
Product Dimensions: 6.4 x 1.2 x 9.3 inches
Shipping Weight: 0.8 ounces (View shipping rates and policies)
Average Customer Review: 4.6 out of 5 stars See all reviews (137 customer reviews)
Best Sellers Rank: #120,230 in Books (See Top 100 in Books) #57 in Books > Business & Money > Economics > Sustainable Development #119 in Books > Business & Money > Economics > Development & Growth #170 in Books > Business & Money > Economics > Environmental Economics
This is a truly exceptional book. The author does an amazing job of explaining our economic problems in a clear, concise, easy to understand, and interesting way. Most importantly, you will learn why, with our debt based monetary system, hyperinflation is inevitable.The author of this book has also made a 3 hour video of The Crash Course that is a condensed version of the book. It, too, is excellent. This DVD is available from or you can view if for free on the author's website, ChrisMartenson.com . Of course, it's not possible for a 3 hour video to contain nearly as much information as the book. So, if you really want to be fully informed, you should read the book. However, while you are waiting for it to arrive in the mail, you can get a terrific overview by watching the DVD.Basically, The Crash Course (book or DVD), in a very compelling way, makes two fundamental points. First, that our present rate of consumption of oil, when correlated against an increasing world population and increasing demand from the industrialization of third world countries, is simply not sustainable. In fact, it appears that we are currently at the precipice of there not being enough oil to meet the demand. And, when we go over the cliff, our standard of living will be diminished overnight. (Imagine having to spend 50 to 70% of your income on food and gasoline.)The second fundamental point made by the Crash Course is that our debt based monetary system must inevitably end with hyperinflation. The reason is that each year, enough new currency must be created to pay the interest on all of the previously created debt. As a result, there is an exponential increase in the money supply.
Around 2005/2006 I began thinking something was just not quite right with the economy and energy so I started reading everything I could find on the subjects. In about 2006, I read 'The Long Emergency' by Kunstler. It was an eye opener dealing specifically with peak oil and how it will affect us all. I read quite a few other books and articles too. 'The Road to Olduvai', 'The Coming Economic Collapse', 'Twilight in the Desert', and Matt Savinar's 'The Oil Age Is Over'. All of these publications are excellent in their own right. I also read and listened to a great many other news stories and opinions that were offered on the subjects. However, I came away feeling that each addressed only a portion of the problems that I was witnessing. It was almost as if the economists, energy experts and environmentalists were wearing blinders. They only addressed their particular specialty and never tied anything together. In mid 2008 I found Chris Martenson's online presentation called 'The Crash Course'. He hadn't yet completed the entire work and so I waited anxiously as each subsequent chapter/unit of the presentation was published online. The entire presentation was like a breath of fresh air. He did not try to overwhelm his audience with his grasp of the subject matter by using a plethora of 'million dollar words'. He clearly stated how 'The 3 E's' (Energy, Economy and Environment) were intricately related and how they could not be compartmentalized. The 'Crash Course' book picks up where the presentation ends. This is not a 'doomer' book but instead is positive. It apolitically sets out in a concise manner why we are where we are today. It is clear and easy to understand.
You can save yourself alot of time by going to Chris' website and watching the Crash Course video series, but my hunch is that you will be right back here on buying this book. The reason is that the information in both the video series and the book are critical in developing the skills to navigate the next twenty years.Martenson puts alot of emphasis on the fact that the next twenty years will be completely unlike the last twenty years. That's it. That doesn't seem like such a bold prediction until you dig through the pages and read as Martenson outlines the convergence of the three enormous predicaments that have no viable solution. Those three predicaments are called the three E's; Economy, Energy, and the Environment.I read many books on the topics of Peak Oil, modern economics, and environmental unsustainablity (I'm the life of the party, I know) but no other book weaves these three topics together as well as Martenson. A good comparison to this book would be Thomas Homer-Dixons 'The Upside of Down', a truly phenomenal book and a must read but yet Homer-Dixon fails to capture the big picture in quite the same way as Martenson.Probably most inspiring about this book is that there seems to be a practical everyman solution outlined in The Crash Course that doesn't leave you agonizing in despair. Many other books I have read leave you with a sense of hopelessness or steer you in the direction of getting involved with your local electorate (please shoot me now! that is not a solution, that is a cop-out half-arsed solution).One strike against this book is that there is a lack of examining one chapter long real world examples that I typically like.
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