Ready, Set, Prep! Episode 4
Community Level Possibilities
Ready, Set, Prep! Episode 3
Individual and Family Decisions with Nicole Foss
Ready, Set, Prep! Episode 2
Join Nicole and Alia for Episode 2 which is all about Energy Limits. Remember you can pick up a free nifty cheat-sheet for the session by registering on the Ready, Set, Prep page: https://www.voicesforfreedom.co.nz/ready-set-prep
Ready, Set, Prep! Episode 1
The series will explore: finance; the limits of energy, food, water, and soil; considerations and solutions at the individual, family, and community level; as well as the role of local government – all within the context of the Covid-19 response 🦠
Nicole Foss & Aaron Wissner 2020 08 24 Pre-Stolen Election U.S.A. | The Deep Shock | Local Future
Stephanie Rearick, Nicole Foss, Aaron Wissner 2020 07 27 Money & Mutual Aide Networks | Local Future
Nicole Foss & Aaron Wissner 2004 04 24 The Embargoed, now freed, Re-Evolution Talk | Local Future
Primer Guide 2017
The Automatic Earth (TAE) has existed for almost ten years now. That is nearly ten years of exploring and describing the biggest possible big picture of our present predicament. The intention of this post is to gather all of our most fundamental articles in one place, so that readers can access our worldview in its most comprehensive form. For new readers, this is the place to start. The articles are roughly organised into topics, although there is often considerable overlap.
We are reaching limits to growth in so many ways at the same time, but it is not enough to understand which are the limiting factors, but also what time frame each particular subset of reality operates over, and therefore which is the key driver at what time. We can think of the next century as a race of hurdles we need to clear. We need to know how to prepare for each as it approaches, as we need to clear each one in order to be able to stay in the race.
TAE is known primarily as a finance site because finance has the shortest time frame of all. So much of finance exists in a virtual world in which changes can unfold very quickly. There are those who assume that changes in a virtual system can happen without major impact, but this assumption is dangerously misguided. Finance is the global operating system – the interface between ourselves, our institutions and our resource base. When the operating system crashes, nothing much will work until the system is rebooted. The next few years will see that crash and reboot. As financial contraction is set to occur first, finance will be the primary driver to the downside for the next several years. After that, we will be dealing with energy crisis, other resource limits, limitations of carrying capacity and increasing geopolitical ramifications.
The global financial system is rapidly approaching a Minsky Moment:
“A Minsky moment is a sudden major collapse of asset values which is part of the credit cycle or business cycle. Such moments occur because long periods of prosperity and increasing value of investments lead to increasing speculation using borrowed money. The spiraling debt incurred in financing speculative investments leads to cash flow problems for investors. The cash generated by their assets is no longer sufficient to pay off the debt they took on to acquire them.
Losses on such speculative assets prompt lenders to call in their loans. This is likely to lead to a collapse of asset values. Meanwhile, the over-indebted investors are forced to sell even their less-speculative positions to make good on their loans. However, at this point no counterparty can be found to bid at the high asking prices previously quoted. This starts a major sell-off, leading to a sudden and precipitous collapse in market-clearing asset prices, a sharp drop in market liquidity, and a severe demand for cash.”
Negative Interest Rates and the War on Cash
As momentum builds in the developing deflationary spiral, we are seeing increasingly desperate measures to keep the global credit ponzi scheme from its inevitable conclusion. Credit bubbles are dynamic — they must grow continually or implode — hence they require ever more money to be lent into existence. But that in turn requires a plethora of willing and able borrowers to maintain demand for new credit money, lenders who are not too risk-averse to make new loans, and (apparently effective) mechanisms for diluting risk to the point where it can (apparently safely) be ignored. As the peak of a credit bubble is reached, all these necessary factors first become problematic and then cease to be available at all. Past a certain point, there are hard limits to financial expansions, and the global economy is set to hit one imminently. Continue reading “Negative Interest Rates and the War on Cash”