Wednesday, January 28, 2009

ChrisMartenson.com on Financial Meltdown

My friend Eric is a big wig accountant in Denver, CO. He gets paid to know things about money. He recommends Chris Martenson to help you understand how we got into the financial crisis, what to do now and where to go from here. I haven't watched any of it, but I'm sure some of you might be interested and I trust Eric's wisdom. If you want to learn more, Chris says you should start here.

Chris writes on his site:

If you are brand new to this site, I'd like to direct your attention to The Crash Course, which represents my very best attempt to explain exactly how we got into this economic crisis. It's completely free and is my offering to everybody and anybody who wishes to view it. (more below)

Simply, in order to know where we are headed, we have to know where we are. And in order to know where we are, we have to know where we came from.

While The Crash Course is divided into small video sections of 3-18 minutes each, the whole thing runs just over 3 hours. If you are unsure of making that time commitment, start on Chapter 15: Bubbles, where I explain how the housing crisis came to be and how long it will take to resolve.

After that, if you chose to view more, I strongly suggest you watch from beginning to end as I have taken great care to build the concepts on top of each other.

More than 110,000 visits have been made to The Crash Course in the past 30 days, so you will be in growing company.

1 comment:

Eric J. Hansen (Spot) said...

Z-love and other readers:
A believer must remember a couple things before approaching this topic.
1) Our hope is not first in the 'chariots & horses' (Psalm 20:6-8) of our day, but in our God who gives and takes away (Job 1:21) and is our provider (Psalm 145:15,16).
2) It's easy to become educated on what my well be the reality of our current economic system and respond in fear. However, God has not called us to a spirit of fear (2 Tim 1:7)
3) Given points 1 and 2, there is much wisdom to be had in 'storing up' and preparing as necessary for what may or may not come. Arguably, Proverbs 6 can be applied to our present financial crisis (of which we may be on the verge of something much greater).
The reality is that ignorance and laziness reap consequences.
I've posted all of Prov 6:6-11 below and encourage you to look up the other passages I referenced.
Eric
I'm first a believer in the Lord Jesus and secondarily a CPA.

Proverbs 6:6-11
6 Go to the ant, O sluggard;
consider her ways, and be wise.
7 Without having any chief,
officer, or ruler,
8 she prepares her bread in summer
and gathers her food in harvest.
9 How long will you lie there, O sluggard?
When will you arise from your sleep?
10 A little sleep, a little slumber,
a little folding of the hands to rest,
11 and poverty will come upon you like a robber,
and want like an armed man.