Central banks are undertaking unprecedented actions to keep the monetary system from unraveling. Despite unlimited Quantitative Easing and wealth transfers between Europe’s economies, growth has yet to return and debt is demanding to be serviced. This process is stretching the banking system to its limit. What happens when the pretense is dropped and money loses its full faith and credit? As the global economy continues its slowdown, are there people preparing for life after the global credit system falls apart?
In Extraenvironmentalist #49 we speak with Dmitry Orlov about the developing systemic breakdown threatening to destroy the global credit system. Dmitry describes his view of the mortal blow to globalized trading and discusses ideas of how society would transform after it evaporates. We ask Dmitry about those who may be best prepared for the financial system to go broke. To find out more about people prepared for a world without money, we speak with photographer Lucas Foglia [1h 19m] who tells us what it was like to capture the lives of those dropping out of society for his book A Natural Order. After we hear from the people in Lucas’ work, we play a discussion from CNBC with Marc Faber [1h 52m] where he echoes the sentiments of Dmitry and those living off the grid.
And remember: Listening to XE #49 is the perfect way to celebrate the launch of QE.