Wild with Sarah Wilson AMA: How do you plan your life financially in a collapsing world? Do you bother?
Apr 25, 2024
The podcast delves into planning finances in a collapsing world, discussing investing, mortgages, retirement savings, prepping, and homesteading. It explores the impact of collapse on various systems like finance, energy, and climate, prompting a reevaluation of priorities. The speaker provides personal insights on adapting to change and building connections in a challenging world.
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Complex Systems Hit Limits
- Sarah Wilson argues complex systems hit limits and decline after peaks, so financial and resource stability is uncertain.
- This framing shifts attention from endless growth to managing decline and uncertainty.
Investment CEO Said 'Nobody Knows'
- Sarah recounts asking a CEO of an Australian investment fund about how the industry is responding to collapse worries.
- The CEO replied: "nobody knows what to do" and it's business as usual until new ideas emerge.
Tech Investor Chose Bitcoin
- Sarah shares meeting a wealthy tech worker who moved money into Bitcoin as a reaction to collapse fears.
- She challenged him about Bitcoin's energy needs and how fossil fuel limits could undermine it.