Oil prices, 0% growth and the environment

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 implications of rising oil prices for economic growth. They wonder what effect it would have on pension portfolios when the predicted returns of 7-8% cannot be realised anymore because rising oil prices curtail economic growth. Martenson points out that the exponential increase in the consumption of our natural resources leaves us with the big question of how this is supposed to be sustained in the coming decades. Due to the ever-increasing cost of extracting more resources, he expects a big structural shift in the way we do business.

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