BUILDING RESILIENCE IN AN
ERA OF FINANCIAL CRISIS
Presentation by Nicole Foss
Tuesday October 23 at 7:30 PM
The First Unitarian Congregation of Ottawa
30 Cleary Ave.
"at some point, it doesn't matter what your dollar is worth in terms of someone
else's currency but what it is worth in terms of milk and bread."
Nicole Foss is Senior Editor of The Automatic Earth (theautomaticearth.com) Since January 2008 she and her writing partner have been chronicling and interpreting the ongoing credit crunch as the most pressing aspect of our current multi-faceted predicament. Their website integrates finance, energy, environment, psychology, population and realpolitik to explain why we find ourselves in a state of crisis andwhat we can do about it.
Admission $ 5
Hosted by the Environmental and Global Justice Working Groups
Contact: Bob Stevenson or Alastaire Henderson at
adultlearning@firstunitarianottawa.ca
reference links:
http://www.watoday.com.au/wa-news/is-this-woman-chicken-little-20120308-1una6.html
http://www.ecoprofile.com/thread-2276-Nicole-Foss-Resources-May-Become-a-Complete-Curse.html
http://www.countercurrents.org/baker021110.htm
The typical message:
She wants to bring people together in a room and then inspire them to work together to do what can be done at a community level. “I also want to warn them, provide a kind of psychological inoculation if you like ...” She feels that if people have had some degree of forewarning they will be able to act more rationally if a financial tsunami hits. There are no foolproof survival methods but she recommends the following individual actions:
- - minimise debt
- - eliminate dependence on credit because availability of credit is going to go away
- - hold a supply of real cash
- - rent rather than buy (you’re paying someone else a small fee to take the property price risk!)
- - move into land, tools ... anything tangible, over time
- - beware of the banking system – it has a long way to fall
- - sell excess real estate, shares, commodities (you may well be able to buy them back later for less money if you really want to own them)
- - investing in precious metals is probably only sensible if you can afford to sit on them for 20 years
- - gain control over essentials (food, water, energy supplies)
- - get to know your neighbours and build stronger local community bonds – you may well have to rely on these people in the future!
www.theautomaticearth.blogspot.com
Listen to Nicole being interviewed by James Marshall of Penwith Radio
No comments:
Post a Comment