My world shows all my chests and iron golems in the purple-black missing texture. The resource packs option says that the standard texture pack is incompatible with the current version (standard, not Programmer's Art). Also, after "playing" for about 10 seconds, the game just crashes.

The game output says:

Completely ignored arguments: [--nativeLauncherVersion, 601, --nativeLauncherVersion, 601]
[09:16:57] [Render thread/INFO]: Setting user: GamEricJ
[09:17:04] [Render thread/INFO]: Backend library: LWJGL version 3.2.2 build 10
[09:17:11] [Render thread/INFO]: Narrator library for x64 successfully loaded
#

1. There is insufficient memory for the Java Runtime Environment to continue.
2. Native memory allocation (malloc) failed to allocate 131088 bytes for Chunk::new
3. An error report file with more information is saved as:
4. C:\Users\ericj\AppData\Roaming\.minecraft\hs_err_pid16800.log
   [thread 17580 also had an error]
   [09:17:13] [Thread-5/INFO]: OpenGL debug message, id=0, source=API, type=ERROR, severity=HIGH, message=Unknown internal debug message. The NVIDIA OpenGL driver has encountered
   an out of memory error. This application might
   behave inconsistently and fail.
   (pid=16800 javaw.exe 64bit)
   [09:17:13] [Thread-5/INFO]: OpenGL debug message, id=1285, source=API, type=ERROR, severity=HIGH, message=GL_OUT_OF_MEMORY error generated. Failed to allocate memory for texture.
   [09:17:13] [Thread-5/INFO]: OpenGL debug message, id=1281, source=API, type=ERROR, severity=HIGH, message=GL_INVALID_VALUE error generated. Invalid texture format.
   #
5. Compiler replay data is saved as:
6. C:\Users\ericj\AppData\Roaming\.minecraft\replay_pid16800.log
   Java HotSpot(TM) 64-Bit Server VM warning: Using incremental CMS is deprecated and will likely be removed in a future release

I get the "Using incremental CMS is deprecated and will likely be removed in a future release"-error a lot, especially if I play offline. Well, I can not play offline actually. It always shos this error and I have to get an internet connection to start the game every time. Also, the new launcher is not helpful at all, as the game just stops loading when the Mojang loading bar reaches about 90%. Windows tells me that the program does not response, so I use the old version