05 Nicole Foss Part 2 – Building Resiliency in an Era of Financial Collapse

 

Nicole Foss of the Automatic Earth presented this talk, the second of two, at Studio 353 in Manhattan on January 19th, 2013.

 

In the era of globalization, we have burst the largest credit bubble in human history. Bubbles are effectively gigantic Ponzi schemes -- destined to implode, leading into a period of economic depression. Credit bubbles borrow demand from the future by artificially inflating future worth, but at the cost of a dearth of demand for a long period thereafter. This is why bubbles always end in depression.
Consequently, we need to prepare for hard times ahead. There is much we can do to reduce our over-exposure to vulnerable systems. Facing these hard times is best done as close-knit communities. If we work together to build trust at the local level, we can withstand a great deal of upheaval. The sooner we begin, the better the chances of being as prepared as possible for an uncertain future that will not look like the lives we are anticipating.
If you'd like to learn more about Nicole, KMO interviewed her in January 2012 for the C-Realm Podcast, available at:
http://c-realm.com/podcasts/crealm/293-infinite-rehypothecation/