Experiencing a bad CC crash, on both machines. Google search revealed nothing.

Question

Ok, I'm officially starting to get freaked out now, because this is happening on both of my machines that has CC installed. And upon doing a Google search that returned 0 results, I'm even more concerned. Not panic just yet, but definitely that churning feeling in the ol' stomach.
Here's what'll happen, I'll work for a few minutes, go to touch a clip in the timeline, seemingly any clip, and it all comes tumbling down.
Here is the error I get:
[/sirreact64/releases/2013.03/PremierePro/Mezzanine/Make/Mac/../../Src/Utilities.cpp-780] And after that, Premiere must shut down. I've told it not to try to open it again, and I've told it to try to open it again. Regardless, I get the same results.
I realize this instantly makes this a horrendously ugly and long post, but here, for the sake of full disclosure, here is the error report. Any ideas in how to trouble shoot.
[Please don't post crash reports in the user forums.]

Answer 1

Thanks Josh. The good news is, I think I've found a file that's back further enough that I'm seemingly OK.
Historically on this project I've bounced back and forth between two machines. One is a mac pro and the other is a mac book pro. The mac book pro is a bit newer, but...the ol' tower is still a power house. At least aledigedly. The problem first showed up there, so I went back to the last version I worked on via the ol' laptop...on the lap top, and all seems to be hunky dory. (At least thus far.)
I'm going to dig into those settings you mention on the tower and see if I can't get to the bottom of why it doesn't seem to be performing up to snuff. (It's got two 2.4 quad core xeon processors along with 24 gigs of ram, and two radeon HD 5770 1024MB graphic cards. In other words, it...should be up to snuffing.)
I appreciate your response.