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	<title>Comments on: My Conference &#8211; Shaun Chamberlin on Stoneleigh&#8217;s peak oil/finance talk</title>
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	<link>http://transitionculture.org/2010/06/14/my-conference-shaun-chamberlin-on-stoneleighs-peak-oilfinance-talk/</link>
	<description>An Evolving Exploration into the Head, Heart and Hands of Energy Descent</description>
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		<title>By: It&#8217;s a Rich Man&#8217;s World &#124; Transition South Lantau</title>
		<link>http://transitionculture.org/2010/06/14/my-conference-shaun-chamberlin-on-stoneleighs-peak-oilfinance-talk/comment-page-1/#comment-72283</link>
		<dc:creator>It&#8217;s a Rich Man&#8217;s World &#124; Transition South Lantau</dc:creator>
		<pubDate>Wed, 10 Nov 2010 15:35:16 +0000</pubDate>
		<guid isPermaLink="false">http://transitionculture.org/?p=3675#comment-72283</guid>
		<description>[...] The one thing that seems to be the bottom line for all of them is &#8211; get out of debt. If the economy bombs and people are losing their jobs and they can&#8217;t repay their mortgages and they&#8217;ve got a string of debts created by their profligate use of credit cards, and there is no sign of an economic recovery &#8211; that requires copious amounts of cheap oil, which we&#8217;ve no longer got &#8211; then there are going to be a lot of people suffering. I don&#8217;t want to be one of them. I&#8217;ve long been thinking about getting rid of my debts &#8211; in my case that &#8216;simply&#8217; means my mortgage &#8211; but the person who really tipped the scales for me was Nicole Foss, alias Stoneleigh of the Automatic Earth at http://theautomaticearth.blogspot.com  She first came to my attention a year or so ago, but just lately she has been touring North America and Europe giving talks on the economy, and she&#8217;s been getting a lot of attention. She gave a talk at the Transition Annual Conference which stunned people (a bit odd that, I thought, as transitioners are supposed to be aware of these things, aren&#8217;t they?) and which was reported on by Shaun Chamberlin: http://transitionculture.org/2010/06/14/my-conference-shaun-chamberlin-on-stoneleighs-peak-oilfinanc... [...]</description>
		<content:encoded><![CDATA[<p>[...] The one thing that seems to be the bottom line for all of them is &#8211; get out of debt. If the economy bombs and people are losing their jobs and they can&#8217;t repay their mortgages and they&#8217;ve got a string of debts created by their profligate use of credit cards, and there is no sign of an economic recovery &#8211; that requires copious amounts of cheap oil, which we&#8217;ve no longer got &#8211; then there are going to be a lot of people suffering. I don&#8217;t want to be one of them. I&#8217;ve long been thinking about getting rid of my debts &#8211; in my case that &#8216;simply&#8217; means my mortgage &#8211; but the person who really tipped the scales for me was Nicole Foss, alias Stoneleigh of the Automatic Earth at <a href="http://theautomaticearth.blogspot.com " rel="nofollow">http://theautomaticearth.blogspot.com </a> She first came to my attention a year or so ago, but just lately she has been touring North America and Europe giving talks on the economy, and she&#8217;s been getting a lot of attention. She gave a talk at the Transition Annual Conference which stunned people (a bit odd that, I thought, as transitioners are supposed to be aware of these things, aren&#8217;t they?) and which was reported on by Shaun Chamberlin: <a href="http://transitionculture.org/2010/06/14/my-conference-shaun-chamberlin-on-stoneleighs-peak-oilfinanc.." rel="nofollow">http://transitionculture.org/2010/06/14/my-conference-shaun-chamberlin-on-stoneleighs-peak-oilfinanc..</a>. [...]</p>
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		<title>By: Future Proof Kilkenny &#187; Blog Archive &#187; Stoneleigh Lecture</title>
		<link>http://transitionculture.org/2010/06/14/my-conference-shaun-chamberlin-on-stoneleighs-peak-oilfinance-talk/comment-page-1/#comment-70391</link>
		<dc:creator>Future Proof Kilkenny &#187; Blog Archive &#187; Stoneleigh Lecture</dc:creator>
		<pubDate>Mon, 16 Aug 2010 08:37:19 +0000</pubDate>
		<guid isPermaLink="false">http://transitionculture.org/?p=3675#comment-70391</guid>
		<description>[...] of Europe which included a slot at the recent Transition Network conference. By all accounts her presentation added a huge sense of purpose and urgency to the work of transition town groups and has been the [...]</description>
		<content:encoded><![CDATA[<p>[...] of Europe which included a slot at the recent Transition Network conference. By all accounts her presentation added a huge sense of purpose and urgency to the work of transition town groups and has been the [...]</p>
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		<title>By: Open access to land for food ~ James Samuel</title>
		<link>http://transitionculture.org/2010/06/14/my-conference-shaun-chamberlin-on-stoneleighs-peak-oilfinance-talk/comment-page-1/#comment-70207</link>
		<dc:creator>Open access to land for food ~ James Samuel</dc:creator>
		<pubDate>Fri, 23 Jul 2010 09:59:42 +0000</pubDate>
		<guid isPermaLink="false">http://transitionculture.org/?p=3675#comment-70207</guid>
		<description>[...] This was from a comment on the post &quot;My Conference &#8211; Shaun Chamberlin on Stoneleigh&#039;s peak oil/finance talk&quot;. Author: Betterworld [...]</description>
		<content:encoded><![CDATA[<p>[...] This was from a comment on the post &quot;My Conference &#8211; Shaun Chamberlin on Stoneleigh&#39;s peak oil/finance talk&quot;. Author: Betterworld [...]</p>
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		<title>By: Betterworld Now</title>
		<link>http://transitionculture.org/2010/06/14/my-conference-shaun-chamberlin-on-stoneleighs-peak-oilfinance-talk/comment-page-1/#comment-70133</link>
		<dc:creator>Betterworld Now</dc:creator>
		<pubDate>Tue, 20 Jul 2010 12:14:53 +0000</pubDate>
		<guid isPermaLink="false">http://transitionculture.org/?p=3675#comment-70133</guid>
		<description>Credit Unions in Ireland operate on a 50% asset to lending ratio, they hold half the value of loans in liquid assets.  However, those assets are typically invested in other financial institutions like pensions, bank deposits, gilts etc.

At some point in the collapse, it will become necessary to nationalise all unproductive land and distribute it to those willing to produce food for local consumption (this is already happening in Venezuela and Brazil - and some other countries).  Buying land is not itself a form of security - it is necessary to produce food on that land for it to be socially useful.  

As an interim measure, trasnitionsists should push governments for a general legal permission to occupy derelict land and produce food on it in a sustainable way.  Notices could be posted advising landlords that unless the land is brought into production within, say, 6 months then it will be legally occupied and planted with food crops.  Repossession of occupied land would then be granted only after harvest of those crops.  Voluntary release of occupied lands after 3-5 years of crop rotation could be written into the generalised legal permission to prevent the establishment of squatter rights under civil law and encourage proper soil stewardship.

We in Ireland have huge land resources around our cities which are now under public ownership as part of the NAMA process.  These lands will not be developed and will form very useful green belt areas ideally located for local food production.  

Government will need to be forced to grant generalised licences initially by high-profile illegal occupations, as happened in Brazil and Venezuela.</description>
		<content:encoded><![CDATA[<p>Credit Unions in Ireland operate on a 50% asset to lending ratio, they hold half the value of loans in liquid assets.  However, those assets are typically invested in other financial institutions like pensions, bank deposits, gilts etc.</p>
<p>At some point in the collapse, it will become necessary to nationalise all unproductive land and distribute it to those willing to produce food for local consumption (this is already happening in Venezuela and Brazil &#8211; and some other countries).  Buying land is not itself a form of security &#8211; it is necessary to produce food on that land for it to be socially useful.  </p>
<p>As an interim measure, trasnitionsists should push governments for a general legal permission to occupy derelict land and produce food on it in a sustainable way.  Notices could be posted advising landlords that unless the land is brought into production within, say, 6 months then it will be legally occupied and planted with food crops.  Repossession of occupied land would then be granted only after harvest of those crops.  Voluntary release of occupied lands after 3-5 years of crop rotation could be written into the generalised legal permission to prevent the establishment of squatter rights under civil law and encourage proper soil stewardship.</p>
<p>We in Ireland have huge land resources around our cities which are now under public ownership as part of the NAMA process.  These lands will not be developed and will form very useful green belt areas ideally located for local food production.  </p>
<p>Government will need to be forced to grant generalised licences initially by high-profile illegal occupations, as happened in Brazil and Venezuela.</p>
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		<title>By: Reports on 2010 Transition Network Meeting &#124; Resilience Science</title>
		<link>http://transitionculture.org/2010/06/14/my-conference-shaun-chamberlin-on-stoneleighs-peak-oilfinance-talk/comment-page-1/#comment-70110</link>
		<dc:creator>Reports on 2010 Transition Network Meeting &#124; Resilience Science</dc:creator>
		<pubDate>Mon, 19 Jul 2010 07:56:49 +0000</pubDate>
		<guid isPermaLink="false">http://transitionculture.org/?p=3675#comment-70110</guid>
		<description>[...] built her argument was very compelling.  You can read Shaun Chamberlin’s reflections on her talk here, along with some insightful comments from other [...]</description>
		<content:encoded><![CDATA[<p>[...] built her argument was very compelling.  You can read Shaun Chamberlin’s reflections on her talk here, along with some insightful comments from other [...]</p>
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		<title>By: Valerie</title>
		<link>http://transitionculture.org/2010/06/14/my-conference-shaun-chamberlin-on-stoneleighs-peak-oilfinance-talk/comment-page-1/#comment-70075</link>
		<dc:creator>Valerie</dc:creator>
		<pubDate>Thu, 15 Jul 2010 00:26:43 +0000</pubDate>
		<guid isPermaLink="false">http://transitionculture.org/?p=3675#comment-70075</guid>
		<description>That was my understanding of credit unions.  They are governed differently according to country and province.</description>
		<content:encoded><![CDATA[<p>That was my understanding of credit unions.  They are governed differently according to country and province.</p>
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		<title>By: Stoneleigh a Milano e Carimate &#171; Io e la Transizione</title>
		<link>http://transitionculture.org/2010/06/14/my-conference-shaun-chamberlin-on-stoneleighs-peak-oilfinance-talk/comment-page-1/#comment-70039</link>
		<dc:creator>Stoneleigh a Milano e Carimate &#171; Io e la Transizione</dc:creator>
		<pubDate>Mon, 12 Jul 2010 13:20:17 +0000</pubDate>
		<guid isPermaLink="false">http://transitionculture.org/?p=3675#comment-70039</guid>
		<description>[...] ha scosso gli animi della recente Transition Conference disegnando con lucida chiarezza gli scenari energetico economici dei prossimi anni (ne avevo [...]</description>
		<content:encoded><![CDATA[<p>[...] ha scosso gli animi della recente Transition Conference disegnando con lucida chiarezza gli scenari energetico economici dei prossimi anni (ne avevo [...]</p>
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		<title>By: Skintnick</title>
		<link>http://transitionculture.org/2010/06/14/my-conference-shaun-chamberlin-on-stoneleighs-peak-oilfinance-talk/comment-page-1/#comment-69480</link>
		<dc:creator>Skintnick</dc:creator>
		<pubDate>Wed, 23 Jun 2010 22:41:25 +0000</pubDate>
		<guid isPermaLink="false">http://transitionculture.org/?p=3675#comment-69480</guid>
		<description>Isn&#039;t the point that a credit union doesn&#039;t store money in the sense of depositing in any of the conventional capitalist paraphenalia, but &#039;stores&#039; it by investing in the community - loaning out to local businesses and individuals in a way that cuts profiteering out of the equation?</description>
		<content:encoded><![CDATA[<p>Isn&#8217;t the point that a credit union doesn&#8217;t store money in the sense of depositing in any of the conventional capitalist paraphenalia, but &#8216;stores&#8217; it by investing in the community &#8211; loaning out to local businesses and individuals in a way that cuts profiteering out of the equation?</p>
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		<title>By: Andy Wright</title>
		<link>http://transitionculture.org/2010/06/14/my-conference-shaun-chamberlin-on-stoneleighs-peak-oilfinance-talk/comment-page-1/#comment-69442</link>
		<dc:creator>Andy Wright</dc:creator>
		<pubDate>Wed, 23 Jun 2010 10:53:34 +0000</pubDate>
		<guid isPermaLink="false">http://transitionculture.org/?p=3675#comment-69442</guid>
		<description>Toni,

I think you&#039;re talking about a convertible community http://www.appropedia.org/Convertible_community

I heard about this from the US recently. The farmer takes a month subscription off some city folks, say £10 a month off 100 people. He uses this 1000 quid to pay off mortgage, buy more land, build resources, grow vegetables. Then in the event of any sort of collapse, these people can go and live on the farm!!</description>
		<content:encoded><![CDATA[<p>Toni,</p>
<p>I think you&#8217;re talking about a convertible community <a href="http://www.appropedia.org/Convertible_community" rel="nofollow">http://www.appropedia.org/Convertible_community</a></p>
<p>I heard about this from the US recently. The farmer takes a month subscription off some city folks, say £10 a month off 100 people. He uses this 1000 quid to pay off mortgage, buy more land, build resources, grow vegetables. Then in the event of any sort of collapse, these people can go and live on the farm!!</p>
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		<title>By: toni</title>
		<link>http://transitionculture.org/2010/06/14/my-conference-shaun-chamberlin-on-stoneleighs-peak-oilfinance-talk/comment-page-1/#comment-69441</link>
		<dc:creator>toni</dc:creator>
		<pubDate>Wed, 23 Jun 2010 10:46:31 +0000</pubDate>
		<guid isPermaLink="false">http://transitionculture.org/?p=3675#comment-69441</guid>
		<description>This is probably a really silly question but where do the credit unions store the money?  Are they really a safer place to save money?  

I am wondering if we might be better off persuading a local farmer or land rich people to take our money (as if I had any!! ;-)) to pay off any mortgage and therefore enable them to grow food without stress and therefore continue to feed us in the longer term? Co-ops sort of thing?</description>
		<content:encoded><![CDATA[<p>This is probably a really silly question but where do the credit unions store the money?  Are they really a safer place to save money?  </p>
<p>I am wondering if we might be better off persuading a local farmer or land rich people to take our money (as if I had any!! <img src='http://transitionculture.org/wp-includes/images/smilies/icon_wink.gif' alt=';-)' class='wp-smiley' /> ) to pay off any mortgage and therefore enable them to grow food without stress and therefore continue to feed us in the longer term? Co-ops sort of thing?</p>
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		<title>By: Shaun Chamberlin</title>
		<link>http://transitionculture.org/2010/06/14/my-conference-shaun-chamberlin-on-stoneleighs-peak-oilfinance-talk/comment-page-1/#comment-69405</link>
		<dc:creator>Shaun Chamberlin</dc:creator>
		<pubDate>Tue, 22 Jun 2010 16:52:28 +0000</pubDate>
		<guid isPermaLink="false">http://transitionculture.org/?p=3675#comment-69405</guid>
		<description>Highly recommended watching – an 8 minute video reacting to Stoneleigh’s talk, with Rob and Pete of the Transition Network: http://is.gd/cZkKu</description>
		<content:encoded><![CDATA[<p>Highly recommended watching – an 8 minute video reacting to Stoneleigh’s talk, with Rob and Pete of the Transition Network: <a href="http://is.gd/cZkKu" rel="nofollow">http://is.gd/cZkKu</a></p>
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		<title>By: News from Shaftesbury TT &#171; Transition Town Sturminster Newton</title>
		<link>http://transitionculture.org/2010/06/14/my-conference-shaun-chamberlin-on-stoneleighs-peak-oilfinance-talk/comment-page-1/#comment-69298</link>
		<dc:creator>News from Shaftesbury TT &#171; Transition Town Sturminster Newton</dc:creator>
		<pubDate>Sun, 20 Jun 2010 10:47:07 +0000</pubDate>
		<guid isPermaLink="false">http://transitionculture.org/?p=3675#comment-69298</guid>
		<description>[...] is becoming the third driver alongside climate change and peak oil. See this fascinating blog: http://transitionculture.org/2010/06/14/my-conference-shaun-chamberlin-on-stoneleighs-peak-oilfinanc...       Our Aim To make Sturminster Newton as self-sufficient and resilient as possible and to raise [...]</description>
		<content:encoded><![CDATA[<p>[...] is becoming the third driver alongside climate change and peak oil. See this fascinating blog: <a href="http://transitionculture.org/2010/06/14/my-conference-shaun-chamberlin-on-stoneleighs-peak-oilfinanc.." rel="nofollow">http://transitionculture.org/2010/06/14/my-conference-shaun-chamberlin-on-stoneleighs-peak-oilfinanc..</a>.       Our Aim To make Sturminster Newton as self-sufficient and resilient as possible and to raise [...]</p>
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		<title>By: James Samuel</title>
		<link>http://transitionculture.org/2010/06/14/my-conference-shaun-chamberlin-on-stoneleighs-peak-oilfinance-talk/comment-page-1/#comment-69271</link>
		<dc:creator>James Samuel</dc:creator>
		<pubDate>Sat, 19 Jun 2010 22:20:18 +0000</pubDate>
		<guid isPermaLink="false">http://transitionculture.org/?p=3675#comment-69271</guid>
		<description>I am passing on this note that my friend Will posted over on my blog, in response to Stoneleigh&#039;s talk.

---

Hey James, thank you for providing that download… well Nicole Foss has quite a lot to say in that 70 mins.

Lots of fast paced hard hitting info… I don’t know how to explain it, her talk didn’t ring fully true to me… It was like she was brushing over things that I’ve been thinking about a lot, both financial and in the energy sector, and she didn’t introduce any of the sense of uncertainty of how it will play out, when in fact much is in debate, even by the out-of-the-box thinkers who do this stuff day and night.

I just finished up a bit of reading this morn… and it reminded me of one analysis a year ago in the midst of the credit crisis. It was that the credit crisis would lead to a currency crisis as governments absorb debt as the lender of last resort (as has happened all this year). As governments continue to print money, and absorb debt, confidence will drop out of their respective currencies, so we can expect currency collapse. People will turn away from government printed money and go for hard forms of money (real things).

Under the currency collapse scenarios, her recommendations (on deflation) are quite wrong (selling your house, sit on cash).

BTW… The energy thing has been percolating in my mind since your last email so did some more research.

As it turns out only around 6TW of worldwide energy consumption is from oil (1 cubic mile = 55TW), so she’s overstated the energy problem by an order of magnitude. And roughly 75% of our energy is industrial/commercial/transport related so it goes to reason that these will be greatly tempered over the coming economic times. Will it extend our runway for renewables? Will we spend it wisely?

I ran some more numbers, just on the solar PV alone (because it’s my pet interest)… A bit like Moore’s law, PV production doubles every 2 years. If we have 10 years of an “oil runway” by 2020 we get 0.7TW of solar capacity… BUT what if we have 20 years?. I works out we’ll have 23TW (then divide by 3.5 because the sun doesn’t always shine).

(We currently use around 16-17TW, the sun supplies us with 89,000TW if we could harvest it all.)

I thought I’d leave on a sunny note :-)</description>
		<content:encoded><![CDATA[<p>I am passing on this note that my friend Will posted over on my blog, in response to Stoneleigh&#8217;s talk.</p>
<p>&#8212;</p>
<p>Hey James, thank you for providing that download… well Nicole Foss has quite a lot to say in that 70 mins.</p>
<p>Lots of fast paced hard hitting info… I don’t know how to explain it, her talk didn’t ring fully true to me… It was like she was brushing over things that I’ve been thinking about a lot, both financial and in the energy sector, and she didn’t introduce any of the sense of uncertainty of how it will play out, when in fact much is in debate, even by the out-of-the-box thinkers who do this stuff day and night.</p>
<p>I just finished up a bit of reading this morn… and it reminded me of one analysis a year ago in the midst of the credit crisis. It was that the credit crisis would lead to a currency crisis as governments absorb debt as the lender of last resort (as has happened all this year). As governments continue to print money, and absorb debt, confidence will drop out of their respective currencies, so we can expect currency collapse. People will turn away from government printed money and go for hard forms of money (real things).</p>
<p>Under the currency collapse scenarios, her recommendations (on deflation) are quite wrong (selling your house, sit on cash).</p>
<p>BTW… The energy thing has been percolating in my mind since your last email so did some more research.</p>
<p>As it turns out only around 6TW of worldwide energy consumption is from oil (1 cubic mile = 55TW), so she’s overstated the energy problem by an order of magnitude. And roughly 75% of our energy is industrial/commercial/transport related so it goes to reason that these will be greatly tempered over the coming economic times. Will it extend our runway for renewables? Will we spend it wisely?</p>
<p>I ran some more numbers, just on the solar PV alone (because it’s my pet interest)… A bit like Moore’s law, PV production doubles every 2 years. If we have 10 years of an “oil runway” by 2020 we get 0.7TW of solar capacity… BUT what if we have 20 years?. I works out we’ll have 23TW (then divide by 3.5 because the sun doesn’t always shine).</p>
<p>(We currently use around 16-17TW, the sun supplies us with 89,000TW if we could harvest it all.)</p>
<p>I thought I’d leave on a sunny note <img src='http://transitionculture.org/wp-includes/images/smilies/icon_smile.gif' alt=':-)' class='wp-smiley' /> </p>
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		<title>By: Shaun Chamberlin</title>
		<link>http://transitionculture.org/2010/06/14/my-conference-shaun-chamberlin-on-stoneleighs-peak-oilfinance-talk/comment-page-1/#comment-69251</link>
		<dc:creator>Shaun Chamberlin</dc:creator>
		<pubDate>Fri, 18 Jun 2010 23:22:31 +0000</pubDate>
		<guid isPermaLink="false">http://transitionculture.org/?p=3675#comment-69251</guid>
		<description>Student loan update:  The info that Andy Wright posted above applies only to student loans taken out in 1997 or earlier.  Student loans from 1998-2005 (like mine) are only cancelled at age 65 :(

More clearly presented info on this here: http://is.gd/cUJdN (although they aren&#039;t as worried about the future of the financial system as many of us are)</description>
		<content:encoded><![CDATA[<p>Student loan update:  The info that Andy Wright posted above applies only to student loans taken out in 1997 or earlier.  Student loans from 1998-2005 (like mine) are only cancelled at age 65 <img src='http://transitionculture.org/wp-includes/images/smilies/icon_sad.gif' alt=':(' class='wp-smiley' /> </p>
<p>More clearly presented info on this here: <a href="http://is.gd/cUJdN" rel="nofollow">http://is.gd/cUJdN</a> (although they aren&#8217;t as worried about the future of the financial system as many of us are)</p>
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		<title>By: Skintnick</title>
		<link>http://transitionculture.org/2010/06/14/my-conference-shaun-chamberlin-on-stoneleighs-peak-oilfinance-talk/comment-page-1/#comment-69244</link>
		<dc:creator>Skintnick</dc:creator>
		<pubDate>Fri, 18 Jun 2010 19:22:32 +0000</pubDate>
		<guid isPermaLink="false">http://transitionculture.org/?p=3675#comment-69244</guid>
		<description>If I had one criticism of Stoneleigh&#039;s talk (which I got on audio, not present for what was obviously a sobering experience) it is that the target audience appeared to be those with savings to protect, whereas in my experience of transition the majority is just trying to get by and think about hand-to-mouth in the future!</description>
		<content:encoded><![CDATA[<p>If I had one criticism of Stoneleigh&#8217;s talk (which I got on audio, not present for what was obviously a sobering experience) it is that the target audience appeared to be those with savings to protect, whereas in my experience of transition the majority is just trying to get by and think about hand-to-mouth in the future!</p>
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