<html><body><div style="color:#000; background-color:#fff; font-family:times new roman, new york, times, serif;font-size:12pt"><div><span></span></div><div><br></div> <div style="font-size: 12pt; font-family: 'times new roman', 'new york', times, serif; "> <div style="font-size: 12pt; font-family: 'times new roman', 'new york', times, serif; "> <div dir="ltr"> <font size="2" face="Arial"> ----- Forwarded Message -----<br> <b><span style="font-weight:bold;">From:</span></b> John Fullerton <jfullerton@capitalinstitute.org><br> <b><span style="font-weight: bold;">To:</span></b> Robert Searle <dharao4@yahoo.co.uk> <br> <b><span style="font-weight: bold;">Sent:</span></b> Monday, 2 April 2012, 22:15<br> <b><span style="font-weight: bold;">Subject:</span></b> The Double-Edged Sword of Resilience<br> </font> </div> <br><div id="yiv1842013645"><div align="center">
To forward this email, <a rel="nofollow" target="_blank" href="http://www.capitalinstitute.org/index.php?q=civicrm/mailing/forward&reset=1&jid=423&qid=90346&h=f3da5728a146ccee" style="text-decoration:none;"></font><font color="#5987C6">click here</a>.</div>
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<font class="yiv1842013645Apple-style-span" color="#111111" face="calibri"><span class="yiv1842013645Apple-style-span" style="font-size:x-large;"><b>The Double-Edged Sword of Resilience</b></span></font></div>
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<font color="#333333" face="calibri" size="2">Capital Institute's work on financial system reform is very much driven by the concept of system resilience.<br>
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In an email exchange last week Bill Rees, co-creator of the "ecological footprint," fellow at the Post Carbon Institute, and professor at the University of British Columbia, invited us to look at resilience from a perspective we often fail to consider. As he explains, while resilience is critical for systems’ survival, in times of great instability, that same resilience can be problematic for the larger system(s) in which a resilient subsystem is housed. This idea is also a critical argument advanced by Donella Meadows in her seminal book <a rel="nofollow" target="_blank" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=876&qid=90346" style="text-decoration:none;"></font><font color="#5987C6">Thinking in
Systems</a>.<br>
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Read more at <a rel="nofollow" target="_blank" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=877&qid=90346" style="text-decoration:none;"></font><font color="#5987C6">This Week at Capital Institute</a>.</font></div>
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<font color="#333333" face="calibri" size="2"><font color="#333333" face="calibri" size="2">We welcome your comments and thoughts on this topic. Please leave them in the comment box on our website or send us an email at <a rel="nofollow" ymailto="mailto:contact@capitalinstitute.org" target="_blank" href="mailto:contact@capitalinstitute.org" style="text-decoration:none;"></font><font color="#5987C6">contact@capitalinstitute.org</a></font>.</font></div>
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<font color="#333333" face="calibri" size="2"><font color="#333333" face="calibri" size="2"><font color="#333333" face="calibri" size="2"><font color="#333333" face="calibri" size="2"><font color="#333333" face="calibri" size="2"><font color="#333333" face="calibri" size="2"><font class="yiv1842013645Apple-style-span" color="#111111" face="calibri"><span class="yiv1842013645Apple-style-span" style="font-size:x-large;"><b>It's Conference Season!</b></span></font></font></font></font></font></font></font></div>
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<font color="#333333" face="calibri" size="2"><font color="#333333" face="calibri" size="2">We’d like to call Capital Institute community’s attention to four not-to-be missed events upcoming this spring. “<a rel="nofollow" target="_blank" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=878&qid=90346" style="text-decoration:none;"></font><font color="#5987C6">Degrowth in the Americas</a>,” to be held in Montreal from May 13 to 19 will focus on what degrowth means for our Hemisphere. BALLE’s “<a rel="nofollow" target="_blank" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=879&qid=90346" style="text-decoration:none;"></font><font color="#5987C6">Prosperity Starts
Here</a>,” to be held in Grand Rapids from May 15 to 19, is the organization’s annual gathering of local economy entrepreneurs and visionaries. The Public Banking Institute is hosting the <a rel="nofollow" target="_blank" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=880&qid=90346" style="text-decoration:none;"></font><font color="#5987C6">inaugural Public Banking in America Conference</a> in Philadelphia April 27 to 28, focusing on public banking success stories and the hidden costs of our current banking system. On Earth Day <a rel="nofollow" target="_blank" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=881&qid=90346" style="text-decoration:none;"></font><font color="#5987C6">Slow
Money NYC</a> will showcase five pioneering food entrepreneurs from the lower Hudson Valley of New York in Pocantico Hills, NY. Capital Institute Founder and President John Fullerton will be a speaker at the Degrowth, BALLE, and Public Banking Institute conferences. Find out more about all four events <a rel="nofollow" target="_blank" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=882&qid=90346" style="text-decoration:none;"></font><font color="#5987C6">here.</a></font></font></div>
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<font color="#333333" face="calibri" size="2"><font color="#333333" face="calibri" size="2"><font color="#333333" face="calibri" size="2"><font color="#333333" face="calibri" size="2"><font class="yiv1842013645Apple-style-span" color="#111111" face="calibri"><span class="yiv1842013645Apple-style-span" style="font-size:x-large;"><b>$20 Trillion Choice: An Update</b></span></font></font></font></font></font></div>
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<font color="#333333" face="calibri" size="2">Think Progress Green blogger Brad Johnson has posted a two-part interview with John Fullerton about the <a rel="nofollow" target="_blank" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=884&qid=90346" style="text-decoration:none;"></font><font color="#5987C6">$20 Trillion Choice</a> he described in CI's Future of Finance blog last July. The <a rel="nofollow" target="_blank" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=883&qid=90346" style="text-decoration:none;"></font><font color="#5987C6">first piece</a> lays out the case behind the "Big Choice," and provides an excellent visual of the $20 trillion carbon bubble. The <a rel="nofollow" target="_blank" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=893&qid=90346" style="text-decoration:none;"></font><font color="#5987C6">second</a>
focuses on the new economy, looking beyond GDP.</font></div>
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<font color="#eeeeee" face="calibri" size="3"><b>What We're Reading </b> </font><br>
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<font face="calibri" size="2"><font color="#cccccc">Two reports out this week emphasize how climate change is already making the weather considerably more extreme.</font><br>
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<font face="calibri" size="2"><font color="#5987c6" face="calibri" size="2"><a rel="nofollow" target="_blank" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=885&qid=90346" style="text-decoration:none;"></font><font color="#5987C6">New Reports on Connections Between Extreme Weather and Climate Change</a></font></font></div>
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<font color="#eeeeee" face="calibri" size="3"><b>Comment of the Week</b></font><br>
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<font face="calibri" size="2"><font color="#cccccc">“John, Fascinating to read this ex-insider's calm reflection. What makes it a nightmare situation, to this outsider, is that most people in the industry presumably know full well that the world's 'unsustainable underfunded pension obligations' are features of a global Ponzi scheme - a.k.a. the perpetual growth economy - that cannot be fixed. People who might otherwise have become 'statesmen,' perceiving no way the system can be fixed, therefore game the long collapse, as is happening now. I'd go further than your correspondent Rachel: rather than change the system to one that cannot be gamed, we're best off tending to the seeds of a new kind
of economy; gardens can thrive in the absence of all global systems.”</font><br>
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<font face="calibri" size="2"><font color="#cccccc">- John Thackara, <font face="calibri" size="2"><font color="#5987c6" face="calibri" size="2"><a rel="nofollow" target="_blank" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=886&qid=90346" style="text-decoration:none;"></i></font><font color="#5987C6"><i>Financial Statesmanship for a New Economy</a></font></font></font></font></font></div>
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<font face="calibri" size="2"><font face="calibri" size="2"><font face="calibri" size="2"><font face="calibri" size="2"><font face="calibri" size="2"><font color="#cccccc"><font face="calibri" size="2"><font face="calibri" size="2"><font face="calibri" size="2"><font color="#eeeeee" face="calibri" size="3"><b>Quote of the Week</b></font></font></font></font></font></font></font></font></font></font></div>
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<font face="calibri" size="2"><font face="calibri" size="2"><font face="calibri" size="2"><font face="calibri" size="2"><font face="calibri" size="2"><font color="#cccccc"><font face="calibri" size="2"><font color="#5987C6"><span class="yiv1842013645Apple-style-span" style="color: rgb(204, 204, 204); font-size: small; font-family: calibri; ">“Our task is to look at the world and see it whole.”</span></font></font></font></font></font></font></font></font></div>
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<font face="calibri" size="2"><font face="calibri" size="2"><font face="calibri" size="2"><font face="calibri" size="2"><font face="calibri" size="2"><font color="#cccccc"><font face="calibri" size="2"><font face="calibri" size="2"><font face="calibri" size="2"><font color="#5987C6"><font color="#5987C6"><font color="#cccccc" face="calibri" size="2">- E.F. Schumacher</font></font></font></font></font></font></font></font></font></font></font></font></div>
<font face="calibri" size="2"><font face="calibri" size="2"><font face="calibri" size="2"><font face="calibri" size="2"><font face="calibri" size="2"><font color="#cccccc"><font face="calibri" size="2"><font face="calibri" size="2"><font face="calibri" size="2"><font color="#5987C6"><font color="#5987C6"><font color="#cccccc" face="calibri" size="2"><a rel="nofollow" target="_blank" href="http://www.capitalinstitute.org/sites/all/modules/civicrm/extern/url.php?u=887&qid=90346" style="text-decoration:none;"></font></font></font></font> <font color="#cccccc" face="calibri" size="2"><font><font color="#cccccc" face="calibri" size="2"><font><br>
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