Many people ask me about how to insulate themselves from a financial collapse of some kind or another. I am not a financial advisor, and my focus has always been on collaborative resilience, whereby collectives of people might cope better. But when pressed by friends on what they could do to protect themselves a bit, what I typically recommend is to lessen one’s dependence on goods and services traded within a corporate market place, participate more in an economy of locally-produced goods, try to own some of the basic necessities like a bicycle, and if having some savings then put some of that into crypto (like Ethereum, which does not require massive amounts of energy), gold or silver (in physical possession), or other items that are likely to maintain their value and utility over time. I also recommend not postponing things like elective surgery or house repairs. Further than that, I suggest people no longer assume that their financial savings will give them spending power in the future and instead that they look to nurture other kinds of ongoing productivity with that money. In my own life, these considerations combined with my wish to promote collaborative resilience, so that I funded the launch of an organic farm and farm school in a country where I could afford to do that without debt. But financial resilience is not my field. Therefore, I asked my colleague Matthew Slater to explore this issue with me. In the following guest essay, Matthew writes as one who has been devouring financial collapse narratives since 2008 and studying the phenomenon of money, as well as building alternative means of exchange. He explains that the quick fixes for financial security through gold and crypto that are often promoted by both the financial press and popular YouTubers are a distraction from substantial efforts towards collaborative resilience. In addition, he reminds us of the oppressiveness of the global monetary system, which invites our resistance. His writing is philosophical and colourful but he also does more concrete work based on his analysis, which you can learn about at matslats.net
Thx, Jem

Predicting Financial Collapse (and what to do about it) – Also available as an audio narration from Matthew Slater).
The failure of our system of money and debt is inevitable and possibly imminent, according to numerous unofficial narratives likely to be labelled ‘disinformation’. Some financial collapse narratives focus on the danger of leverage, or on possible triggers of the next crisis; others on how neoliberal policies are constructing a system that exacerbates social tensions and will explode in revolution; others on the inherent unsustainability of exponential growth on a finite planet. Are such stories just fake-news-clickbait, agitprop, or even psyops? What can we learn from them?
This essay is not to warn or convince you about the risks to participants in that system: chapters 1 & 2 of Jem’s recent book, Breaking Together, do that well enough. This essay attempts to digest the diverse narratives out there, to share an analysis that is guiding my own decisions, and hint at the direction of possible useful action for others. I am not a financial advisor, and I do not advise you to look to finance to save you.
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