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A tip from James Howard Kunstler on his KunstlerCast (Episode #47, Credit Crisis) led me to Chris Martenson's economic primer, The Crash Course. This presentation, one he's spent years developing, introduces people to the highly complex financial and economic catastrophe befalling us today and likely to worsen in the coming years.
I'm only up to Chapter 13, but I highly recommend taking a few hours to view these YouTube installments. The entire thing is very well researched and presented.
And frightening. Did I mention frightening?
Addendum, an hour later: If you'd like to understand the current housing crisis, start at Chapter 15. Part II of this chapter has a doozy of a data point near the beginning. Stunning.
Addendum, February 8: Here's a great quote from Chapter 19 too good not to share. It deals with financial panics that pop economic bubbles:
I'm only up to Chapter 13, but I highly recommend taking a few hours to view these YouTube installments. The entire thing is very well researched and presented.
And frightening. Did I mention frightening?
Addendum, an hour later: If you'd like to understand the current housing crisis, start at Chapter 15. Part II of this chapter has a doozy of a data point near the beginning. Stunning.
Addendum, February 8: Here's a great quote from Chapter 19 too good not to share. It deals with financial panics that pop economic bubbles:
Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works.
-- John Stuart Mill