The “scrubbing tool” at the bottom is only for changing the preview speed. If you want to change the speed of a clip, you have to do that on the timeline – not just when playing it back. There are two ways to change speeds: The velocity envelope and the playback rate.
In your case, since you want the entire project sped up I do it this way:
Start a NEW project and then drag that project to the timeline (as a nested VEG file). Now hold down the CTRL key and resize the event smaller till you get it to the proper speed. Now it will render at that speed.
Edward Troxel
