The Perfect Storm?
Below is a recording of Stoneleigh from The Automatic Earth, http://theautomaticearth.blogspot.com/ speaking at the Transition Network Conference on 12th June 2010.
The talk was advertised with the following text:
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.
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