Topic: Finance

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[ Episode #47 // Power Transition ]

Aug 9 2012

Mini Episode

After years of stagnant growth in conventional oil extraction rates, ignorance of Hubbert's Curve has peaked. Now that the mainstream can't dismiss the issue, public conversations proclaim an exuberant belief in marginal reserves as our savior. Claims of American energy independence have fueled a dialogue that threatens to drive the US economy towards a fiscal and energy cliff. Can we look toward renewables to meet our energy needs for the future? Is it possible to start telling a new story about our energy future?

In Extraenvironmentalist #47 we discuss the global energy picture with Chris Nelder as he describes the energy stories we tell ourselves and explains exactly how many natural gas wells it will take for the United States to gain energy independence. We ask Chris about the complexity of our international energy markets and why we shouldn't give up on renewable energy even if it doesn't fit the power grid of today. Then, we speak with Gregor MacDonald about the recent blackout in India that cut electricity to 10% of Earth's population. Gregor tells us about the process of normal accidents and why the risk we've offloaded might be trickling back into our energy infrastructure. Last of all, we speculate about the future of capitalism as growth ends. Will we look back on these years of corporate rule as the golden age before serfdom?


// Music (in order of appearance)
Deerhoof - The Trouble With Candyhands via Tiny Mixtapes
 Fleetwood Mac - That's All For Everyone (Tame Impala Cover) via Stereogum
 F*ck you Pepco via Youtube
Marlena Shaw - California Soul (Diplo Remix) via Soundcloud
Nico - These Days (Shinichi Osawa Edit) via Daily Beatz
Elton John - Good Morning to the Night (PNAU Remix) via Tracasseur

// Extended Clips (in order of appearance)
[1st Break] - 36m
America's Infrastructure is Failing
Heat Adds Misery to Atlantic Power Outage
Congress Ignores Nations Infrastructure

[End]
Gail Tverberg on Peak Oil at the Montreal Degrowth Conference

// Production Credits
Josh B.
Kevin M. via Sustainable Guidance Youtube Channel

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[ Episode #45 // Opening Money ]

Jul 11 2012

Mini Episode

By failing to question our money system, we've accepted an understanding of finance and fiat that's showing its flaws greater than ever. This globalized currency system draws money out of localities and into the hands of corrupt financial institutions. Can we start recapturing these flows of money to build resilient communities? If the Federal Reserve can print money, why can't we?

In Extraenvironmentalist #45 we speak to Michael Linton, developer of LETS and the Community Way currency system about how to open up our money to emphasize positive aspects of human nature . Michael describes how local currencies can help to overcome the feeling of scarcity imposed by a centralized national currency. We ask Michael if our federal dollars should be replaced or if we should be looking to compliment them through local money. Then, we speak with Jordan Bober who is launching the Seedstock in Vancouver, BC based on Michael's Community Way model.


// Music (in order of appearance)
Chick Bullock - Are You Making Any Money?  via Youtube
 Gold Diggers of 1933 - We're in the Money via Youtube
 Matt and Kim - Let's Go via Consequence of Sound
The Beatles x Carlos Santana x Griz x Gramatik – Don’t Let Me Change (Ego Mashup) via The Music Ninja

// Extended Clips (in order of appearance)
[Break]
FT - Libor scandal rocks banking
Max Keiser - How Tom Cruise Stole Libor
Michael Hudson - Summit MMT in Italy

[End]
Michael Hudson - Summit MMT in Italy

// Production Credits
Production Assistance  | Kevin at the Sustainable Guidance Youtube Channel

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[ Episode #39 // Debunking Economics ]

Apr 22 2012

Mini Episode

Roughly 90% of the world's economics professionals failed to see the current economic crisis forming on the horizon of the early 21st century. Many of them are now striving for stability through policies of refinancing and quantitative easing. While this class of economic thinkers have driven the planet's policies for decades, their faulty logic is being exposed by structurally high unemployment and failing banks. Ben Bernanke and Mario Draghi are using central bank policies to prop up a system that's imploding due to heavy debt burdens by using national deficits for attempts to accelerate private debt accumulation once again. Could one of the few economists that predicted the current financial crash outline a path forward for educating the next round of economists while providing an alternative to austerity?

In Extraenvironmentalist #39 we speak with Steve Keen about how neoclassical economics controls the ways our governments think. Steve draws on themes from the second edition of his book that exposes neoclassical economics and its faulty logic, Debunking Economics. In the first half of the interview, we draw on a technical understanding of where neoclassical economics has gone wrong and where the economies of the Eurozone are headed through following the path of austerity. In the second half, we talk about modern debt jubilees and retooling economics education. After which, Jennifer Baichwal joins us at the 95' mark to talk about her newest film, Payback, based on Margaret Atwood's book about debt and debtor relationships. Last of all, Seth and I recall our recent gig at Jackson Hole.


 

// Music (in order of appearance)
Vacationer - Good as New via The Swill Merchants
Niia - Mad World via The Music Ninja
Mark Foster, Kimbra, A-Trak - Warrior via Hard Candy
Dragonette - Let It Go (The Knocks Remix) via KickKickSnare
Ibrahim Ferrer - Ay Candela (Henry Krinkle Remix) via International Beat Forum

// Extended Clips (in order of appearance)
[First Break] - 35'40"
Austerity Suicides
Greeks in Despair
This is War: Italy Burns Paintings to Protest Austerity
Greek Town Develops Alternative Currency
[Second Break] - 67'40"
Bernanke Impresses Students at GWU
Steve Keen on Ponzi Schemes
Krugman Knocked Out of Neoclassical Orbit by Steve Keen
[End]
Michael Hudson - INET Talk on the Politics and Economics of Restructuring

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