Topic: Wealth

Latest

[ Episode #45 // Opening Money ]

Jul 11 2012

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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[ Episode #5 // Phantom Wealth ]

Nov 1 2010

Mini Episode

Now is the season of spirits. Together we face the most horrifying of all poltergeists: the ghost of phantom wealth.

Numbers representing the money in our bank account are very different from real wealth. While the focus is on gaining and creating money, this very process sublimates a methodology of destruction and wealth extraction from communities, nature and humanity. Society has confused money for wealth and in doing so transmutes the use of potentially valuable financial instruments into implements of degradation.

In Extraenvironmentalist #5 we share a talk on the economy and money Justin recorded at University of British Columbia by David Korten based on his recent book, Agenda for a New Economy. The story of money is mystified by design and so on rare occasions like this we can explore the relationship between our physical world and the financial world with clear elucidation. David uses his background as a Stanford Business School professor and an international economist to develop philosophies for a new economy serving humans instead of accountants.

// Media Links
News | Mitsubishi plans to profit from Bluefin Tuna
Poem | Keeping Things Whole by Mark Strand via Arthur Magazine
Youtube | Economic Hitmen ft. John Perkins

// Music (in order of appearance)
Fools Gold - Nadine via IndieShuffle
Zero 7 - Futures (ft. Jose Gonzalez) via IndieShuffle
Syl Johnson - I'm Talkin' About Freedom via Earmilk
Bedouin Soundclash - Brutal Hearts (ft. Coeur de Pirate) via The Music Ninja

// Corrections and Blunders

- Please do call or email us with corrections if you find something we've said to be factually inaccurate -

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