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I'm feeling much more generous than the comments above. Yes, the main speaker is not the clearest, but I found that having the transcript enabled helped a bit. I think this is extremely promising work, rather exciting.

I broke the repeat button

108 views and one comment (mine) is what an engineer would consider out of a population of 8 billion: well within tolerances and acceptable to ignore. The problem with declining EROEI is that it is very hard to market against such ridiculousness as Jake Paul vs Mike Tyson, or Taylor Swift's new break up song. One might consider the inefficiency of even having these talks...

It sounds utterly gibberish. Talk about taking a great topic and ruining it by not having a proper speaker. Literally!

Session 1 should add English subtitles. It is very hard to understand the speaker.

Although various answers to this question have been provided (mostly blaming the banks), the real reason was provided many years before this time, when the US economist Henry George showed in 1879 in his classical book "Progress and Poverty" that the cause of all major business cycles was due to speculation in the values of sites of land. These sites, being suitable for development, initially were relatively cheap. But with the improving infrastructure being introduced (using tax-payer's money) in the same region, these sites became more useful and productive. Their speculating purchasers could then sell the sites for builders to develop, and the prices slowly rose. Many persons chose to purchase new houses and buildings by borrowing as mortgage loans, whilst the prices were still relatively low. The speculative demand resulted in raised prices and greater mortgages being taken. When the costs became excessive the builders could not manage to sell their results and ceased their business. The prices began to stabilize and then fall. This left the most recent mortgage holders with property worth less that what they were expecting to gain, and some more recent mortgagees abandoned these houses to their banks, rather than continue paying for something less valuable. This was how the cycle started to drop, and along with it other investments also began to become less productive and money withdrawals more common. Eventually the demand for their money caused some of the banks to be unable to survive, and a full-scale financial depression was caused. We can expect the same thing to repeat every 18 years so the next one will be about 2025!

Thank you

Is there any link to the presentations or documents showed?

Inspiring

I am concerned that the way that the understanding of macroeconomics is so confused. My recent book and the ideas contained in it will enable our better understanding of this vital subject. I believe that your kind invitation for sending you ideas (in the youtube message) about this betterment of our knowledge is one for which I have a significant contribution to make, if not a more complete answer. Otherwise I would wish to compete in your essay competitions although I do not meet all of the rules in paragraph 5. My ideas are in my recent 310 page book "Consequential Macroeconomics". For an e-copy please send a reply to chesterdh@hotmail.com and for an explanation about how macroeconomics can be simplified to the level where it is much more easily understood please review working paper SSRN 2865571 "Einstein's Criterion Applied to Logical Macroeconomics Modelling". I can also send you material for a blog (or 2) all about this matter, including a mechanical modeling way of providing this explanation. There is much that can be done to greatly improve on the present situation of our understanding and to properly rebuild our subject on a much firmer foundation, where there is no danger that disagreement between the many schools of thought can cause a collapse of any particular theory, unless (of course) it is of a more scientific kind. This is where my proposals for logical thought and analysis are most relevant.

It's about how people think about uncertainty and whether they have a simple linear model for predicting a trend or a more organic model factoring in realistic uncertainty

Can someone post a summary or abstract or notes from this talk or from this video? Not easy to see where he is going even 12 minutes in :)

Audio quality is poor. Message is great.