The debt crisis and Peak Oil

Watch the full 30-minute video at http://www.goldmoney.com/martenson-macleod-interview. In this video Chris Martenson - economic analyst at chrismartenson.com and author of The Crash Course - and Alasdair Macleod of the GoldMoney Foundation talk about the acceleration of the debt crisis, the US budget and Peak Oil. Martenson explains that once spending programmes are implemented, it is very hard to cut them back again. We are now at a point in time where outstanding credit can’t be serviced leading to the need for monetisation by central banks and therefore inflation. Additionally, the depletion of resources will not allow “business as usual” when it comes to getting the economy back on track. Martenson foresees rising oil prices absent a sudden slow down in demand due to a recession. He also expects the world to fully recognise the implications of Peak Oil sometime between 2013 and 2014.

This video was recorded on November 16 at the Gold & Silver Meeting 2011 in Madrid.