Debt is placing a stranglehold on the global economy, restricting the ability for growth to occur at a rate fast enough to prevent the monetary system from unraveling. To delay a massive deleveraging, governments are turning on the central bank taps to fill the system with liquidity. With severe structural issues that continue to avoid inclusion in the political discourse, can ordinary people prepare to maintain control over their assets to ensure success of future decentralization initiatives? How is preparing for this world different for our generation than for our parents?
In Extraenvironmentalist #38 we talk about living in hard times with Nicole Foss of The Automatic Earth. Nicole tells us about the Canadian housing bubble and why the initial collapse might just be faster than the one America experienced in 2005. Seth and I ask about what life was like in the Great Depression and how the process of labor exploitation may continue into the near future. We ask Nicole if misunderstandings about economic collapse could have us preparing for the wrong thing.
Also, we get to meet our blog editor Louisa Clarence-Smith who tells us about WWOOFing and her experiences working on farms in Scotland and Italy.
For more from The Automatic Earth, check out our interview with TAE writer Ashvin Pandurangi back in XE #13.
// Music (in order of appearance)
St. Lucia - All Eyes on You via Soundcloud
Cody ChestnuTT - Under the Spell of the Handout via Indieshuffle
Phil Collins - In The Air Tonight (Cosmo Black Remix) via Hard Candy
Alpine - Hands (Goldroom Remix) via Fader
ANDREYA TRIANA – Lost Where I Belong (Banks Remix) via Aerial Noise
// Extended Clips (in order of appearance)
Sunshine and Eclipse
Rioting Across America During the Great Depression
Stories From the Great Depression
Making a Difference: Rebuilding From a Tornado
Bill McKibben: Rebuilding Community
Jiddu Krishnamurti - Fear