Peak Oil and the collapse of global Ponzi finance are a “perfect storm” of converging phenomena that threaten to sink our age of prosperity through wealth destruction, social discontent, and global conflict. Nicole will describe how our current financial system is an unsustainable credit bubble grounded in “Ponzi dynamics,” or the logic of the pyramid scheme. She warns that most people are woefully unprepared to face the consequences of the devastating deflation that is now unfolding.
Other recordings from the first day of the Transition Network Conference 2010:
Transition Network Conference 2010 Opening Session
Transition Network Conference 2010 Open Space Introduction
Audio from the conference is also being posted here:
The conference blog is here:
And the conference information: