Topic: Negative Interest

[ Episode #88 // Resilience Imperative ]

Our governments, businesses and economic institutions were built on a society that was supercharged with fossil fuels to get as big as possible as fast as possible. Now, with the challenges of the 21st century, resilience is a more appropriate principle for reinventing and reorganizing our economic life. Is it possible to develop economic and financial arrangements that can emphasize aspects of humanity other than individual greed?

In Extraenvironmentalist #88 we discuss the Resilience Imperative: Cooperative Transitions to a Steady-State Economy with co-authors Michael Lewis and Pat Conaty. We talk about ways to create a decentralized, cooperative steady-state economy that can work as an alternative to the highly globalized and financialized economic paradigm of today.


Bonus Segment

// Links and News Items

Bloomberg: This Wharton Grad Wants You to Live in His Shipping Containers

China coal use falls: CO2 reduction this year could equal UK total emissions over same period

An example of how neoclassical economics works if we are immortal

Give me some China Investment Plays

// Books

The Resilience Imperative: Cooperative Transitions to a Steady-state Economy by Michael Lewis and Pat Conaty

// Extended Clips (in order of appearance)

[Break] - 41m

Economic globalization
Thomas Friedman's Three Eras of Globalization
CNBC: Europe survives in emerging markets keep growing
WSJ: Illustrating China's Shadow Banking Problem


Growth first. Then these other things can be dealt with, whatever they are.

// Music (in order of appearance)

Polodoore - But I Do via Soundcloud
Husky - Let it Happen (Tame Impala Cover) via Faster Louder
Nicholas Jaar - Tourists (Creange Remix) via IndieShuffle
Cavaliers of Fun - Wiki via Tracasseur
Polodoore - Ain't No Sunshine via Bandcamp

// Production Credits and Notes

Our editor Kevin via Sustainable Guidance Youtube Channel

Episode #88 was supported by donations from the following generous listeners:

Christopher from NY
Stephen in Australia


[ Episode #25 // Saving Money ]

Is it more practical to learn permaculture than to earn a business degree? As financial markets sell off around the globe and world leaders scramble to prevent national defaults from collapsing the global economy, today's youth are certain to live through a massive shift in the monetary paradigm. An education system that prepared us to receive jobs in a consumer economy injured our ability to truly learn and now we face the insult of entering a bleak job market. Is money real or is it based on societal myths? Can a monetary system built on collaboration rather than competition create a society that amplifies the positive aspects of human nature? As Mike Ruppert says: until we change the way money works, we change nothing.

In Extraenvironmentalist #25 we speak with Charles Eisenstein about his new book Sacred Economics which explains how to save the concept of money from being subject to our outdated understanding of human nature and simplistic mechanistic models of the physical world around us. While the social unrest sweeping from Cairo to Athens to Barcelona to New York is disrupting monetary dynamics can it also create an applicable positive vision? Charles explains how a negative interest currency and an economic model that integrates equity and ecology can end what we perceive to be the human nature emphasized by our current currency. Can we accept that the failure of money isn't the end of the world but that it is an opportunity to reorganize?


// Music (in order of appearance)
Zeds Dead - Coffee Break via The Music Ninja
MGMT - All We Ever Wanted (Bauhaus Cover) via Stereogum
Michita - November via Earmilk
HEALTH - Goth Star (Pictureplane Cover) via Gorilla vs. Bear
Beatles - Eleanor Rigby (Butch Clancy Remix) via Dubtunes

// Extended Clips
Fiat Money via Renegade Economist
Trader Interview on BBC
Occupy Boston