Nicole Foss – How To Prepare For The Upcoming Financial Crisis

Fremantle Town Hall

So, last Friday night at around 7:46pm my brain exploded. It happened without warning and hurt quite a lot. When I decided to attend a seminar starring world renowned Peak Oil and Finance Analyst Nicole Foss I, somewhat stupidly,  thought I was going to be delivered with a bit of hope! Instead I was handed the dirty, stinking truth. We are in big economic, social and environmental trouble – at both an individual and global scale.

The crowd... about to get their minds blown

I intended for this post to provide a really succinct summary of the presentation in my own voice. Unfortunately, due to the size of the issue it could not be whittled down any more than Nicole already did – it is incredible that she managed to explain such a gigantic problem and possible solutions within an hour! Either way – I have employed her skills again and embedded youtube videos of her explaining. They are somewhat lengthy but really are worth watching. I just wanted to explain that it wasn’t laziness… just inability.

Who Is Nicole Foss?

Sweet looking... but don't be fooled. She will give you nightmares.

Nicole (who also goes by the moniker Stoneleigh) is virtually a giant brain with legs. She has degrees in biology, neuroscience, psychology, international law and air & water pollution. Like I said… GIANT BRAIN. She was also the Editor of The Oil Drum Canada where she wrote about peak oil and finance and now spends her days as co-editor of The Automatic Earth. I hate to say it but with all those achievements under her belt I expected to be fronted with the stereotypical academic -pompous, stuffy and possibly a little bit detached. Nicole shattered any expectations. Despite her formidable intelligence Nicole managed to communicate complex problems in a fairly easy to understand way.

What Is The Problem?

Nicole started by explaining that we need to focus on the financial aspect of this global problem not because it was the most important aspect of the crisis but instead because it has the shortest timeframe to work with. In other words – the financial ‘bubble’ is going to burst very soon. She spoke a lot about ‘bubbles’ and it was the part of her talk that resonated with me the most – perhaps because it was the simplest concept to grasp. (*ten minutes passes). Maybe it is still not simple enough for me to explain but when Nicole says it, it at least sounds simple. So here she is to do exactly that…

How do we prepare ourselves?

Well, she didn’t mince words. I kept checking myself because I couldn’t believe this little lady in the flowy sleeves with the sweet Canadian accent was saying all these mean things. She broke the news that the only ‘solution’ to this problem was adequate preparation of our homes, our communities and ourselves. She asked everyone to consider how they fulfil the big needs of their lives i.e. how do you get your heat, power, water, transport and nutrition? For example do you have a water filter? Nicole said that she wasn’t saying that water was about to run out but that the quality may degrade – it takes a lot of systems all running smoothly to produce potable water! Do you have practical skills? It left me looking at my home and thinking “Wow! If I didn’t have a car, power supply or communication… I would really be stuffed”. Below Nicole explains what she has done to prepare and what she suggests that you could do also. Well worth a watch.

If You Want To See Her…

Even though I have painted the whole thing as a negative experience it really wasn’t. It was eye-opening that is for sure but you need to have the information (no matter how scary) to pick yourself up and get ready for action. Nicole will be presenting on Sunday, March 11th 10am – 4pm at an All Day Ecoburbia Conference and the Fremantle Town Hall. It will cost $20 and is well worth it.

If you would like to see Nicole Foss please RSVP to Shani Graham on stay@thepaintedfish.com.au or 0417 941 991

Shani rallying the crowd

Loved all the sustainable transport outside the Town Hall!

6 thoughts on “Nicole Foss – How To Prepare For The Upcoming Financial Crisis

  1. Emily you constantly amaze me with your posts – although did you have to make the photo of me so BIG? This one is so truthful, informative and fun. I hope you can come on Sunday and hear more about ideas for building resilience in Freo!
    I would love to introduce you to Nicole too if you can come on Saturday night to Power of Community!
    Shani

  2. Hi Nicole,
    Wishing dearly that you can visit NSW ! To break the apathy of the general public— Gone through a hyper inflation in 1948 (Germany) I can see what’s coming and am preparing.
    Sold up the mortgage and living on 5 ac in a container, planting etables on a daily basis, supplying 40kw/hr of power to the grid every day, storing 63 000 lt of rainwater, producing terra preta to increase fertility of soil,collect coffee grounds, and so much more.
    Planning a stand alone electric system, el bikes and want to convert a VW Polo to el.
    In need of an Uplift , so please do come to NSW.
    Hartmut and Elke

  3. Hi Emily
    Great post, thanks for sharing. I’m so dissapointed that I haven’t been able to see Nicole speak this time, so I was really pleased to find your blog. It’s great to see so many sustainable events happening in Perth!
    Tanya

    • Hey Tanya,

      Thanks so much. You haven’t quite missed out. She will be speaking this Sunday (March 11th) between 10am – 4pm at the All Day Ecoburbia Conference at the Fremantle Town Hall $20. If you are interested in going you can just contact Shani Graham stay@thepaintedfish.com.au 0417 941 991.

      I am really looking forward to it. :)

      Thanks,

      Em

  4. Thanks for some other magnificent article. The place else may just anyone get that type of info in such an ideal means of writing? I have a presentation subsequent week, and I’m at the search for such info. Consider a visit to my page . thnk u!1

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