Topic: Default

Latest

[ Episode #49 // Developing Breakdown ]

Sep 14 2012

Central banks are undertaking unprecedented actions to keep the monetary system from unraveling. Despite unlimited Quantitative Easing and wealth transfers between Europe's economies, growth has yet to return and debt is demanding to be serviced. This process is stretching the banking system to its limit. What happens when the pretense is dropped and money loses its full faith and credit? As the global economy continues its slowdown, are there people preparing for life after the global credit system falls apart?

In Extraenvironmentalist #49 we speak with Dmitry Orlov about the developing systemic breakdown threatening to destroy the global credit system. Dmitry describes his view of the mortal blow to globalized trading and discusses ideas of how society would transform after it evaporates. We ask Dmitry about those who may be best prepared for the financial system to go broke. To find out more about people prepared for a world without money, we speak with photographer Lucas Foglia [1h 19m] who tells us what it was like to capture the lives of those dropping out of society for his book A Natural Order. After we hear from the people in Lucas' work, we play a discussion from CNBC with Marc Faber [1h 52m] where he echoes the sentiments of Dmitry and those living off the grid.

// Music (in order of appearance)
The Kooks - Runaway (Lonsdale Boys Club Remix) via Golden Scissors
Richard House and the Five Fellows - You Can Do a Lot of Living on a Credit Card via WFMU
Imagine Dragons - Radioactive via The Music Ninja
POP ETC - Everything is Gone via Et Musique Pour Tous
Corb Lund - Down on the Mountain via Corb Lund
Muse - Unsustainable via Soundcloud

// Extended Clips (in order of appearance)

[Break] - 25m
Andy Zaltzmann on the Global Economy

[End]
Frank as recorded by Lucas Foglia

// Production Credits

Josh Balik // Production Assistance
Chris Hehn // Graphics Work

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[ Episode #28 // At Growth’s End ]

Nov 10 2011

Mini Episode

European economies are teetering on the brink of collapse as low rates of GDP growth are no longer able to justify continued investments in piles of debt. On the other side of the Atlantic, the United States is struggling to acknowledge its ever larger ranks of underemployed and unemployed while managing the world's largest national debt. Now that the American debt to GDP ratio has surpassed 100% can the nation ever return to a state of stability? Is this just a prolonged recession or has our system of economic growth suddenly and radically changed forever?

In Extraenvironmentalist #28 we speak with Richard Heinberg about his most recent book The End of Growth which uses data on global economies and international energy supplies to argue that the paradigm of economic growth has ended forever. Richard says that while our economies will still grow in the future, they'll be constrained to lower and lower rates of growth that won't be able to support money systems and financial obligations. If the global economy follows a prolonged period of contraction driven by depleted energy availability, what will this do to our notions of technology and society? We discuss how global contraction will impact trends of specialization, urbanization and wealth accumulation. Seth and I ask if the end of economic growth has to be fraught with strife or if life after growth can lead to a richer existence.

// Music (in order of appearance)
Navet - Leave and Let Go (Niva Remix) via Niva Bandcamp
Bill Cagle and the Spirit of '68 - The Other Ninety Nine via WFMU's Beware of the Blog
Washed Out - Call it Off via Pretty Much Amazing
Death Cab for Cutie - Codes and Keys (Yeasaer Remix) via Stereogum
Camo & Crooked - James Bond Theme (Official Rework) via The Music Ninja

// Extended Clips (in order of appearance)
Oakland Revolt: Occupy Cop Crackdown via RT
Oakland-DC-NYC: Occupy dot-to-dot to make big picture via RT
Robert Newman's History of Oil
David Suzuki speaking at the University of British Columbia Chan Centre on November 3rd, 2011

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[ Episode #19 // Crash Course ]

Jul 27 2011

Mini Episode

The debt crisis engulfing American political discourse is just the realization of a financial and economic reality that has been playing out for several years resulting from decades of economic policy. Now that the unsustainable nature of our national economy can no longer be ignored how will ordinary people in the United States handle such an awakening? Does this divergence from consumption, saving for retirement and planning to buy a house present a unique chance for our generation to have a new definition of what constitutes a meaningful life? Even if the US avoids default in the next few months, are we just postponing a larger crisis down the road?

In Extraenvironmentalist #19 we speak with Chris Martenson about The Crash Course, his video series that introduces the economic, energy and environmental challenges of the near future. Chris has also just released The Crash Course as a book that comprehensively details the core issues facing our planet and modern industrial economies. We talk with Chris about his transition from medical researcher and corporate executive into sustainability advocate and economic journalist. Our discussion covers his predictions for the currently unfolding debt crisis in Washington, DC that threatens to bring America to default and the ability for our generation to take advantage of the numerous opportunities we'll be presented with in the tumultuous times ahead. All while Seth enjoys a delicious garden fresh tomato.

// Music (in order of appearance)
Gramatik - Moar Jive via The Music Ninja
John Denver - Country Roads (Pretty Lights Remix) via Sunset in the Rear View
Note: we think it's so nice we used it twice; as it's also in #18
Widowspeak - Wicked Game (Chris Isaak Cover) via IndieShuffle

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