American Monetary Association 263: Why the Global Growth Rate Has Been Subpar with Chris Martenson
Jason Hartman talks with Chris Martenson, co-founder of PeakProsperity.com and co-author of Prosper: How to Prepare for the Future and Create a World Worth Inheriting, about how the era of abundant, cheap energy is gone and our world needs to change with it. That doesn't mean abandoning everything we have now, but just recognizing the actual situation and adjusting our investments/behavior accordingly. Chris and Jason also discuss the future, and whether we're going to see inflation, deflation, or a little bit of both.
Key Takeaways:
[2:03] We're coming up to a time when humans are going to have to organize ourselves in very different ways
[4:48] There are 2 ways humans change
[10:01] It's getting costlier and costlier to get less and less oil out of the ground
[12:36] The easy, cheap energy from the past is gone, which explains why the global growth rate for the last 15 years has been subpar
[18:37] We're beginning to see that raising children in a dopamine heavy technological world is creating issues we hadn't expected when it began
[23:30] We have a lot of debt in our society, so deflation is ready to take over
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