Applying the Spiritual Method of Inquiry to Money One of the themes that I have continued to talk about is taking responsibility? It seems like an easy concept, but it is actually something very difficult to do. Mostly we like to blame- our mates, our parents, our investment advisor, the government, the economy, Bernie Madoff etc. etc. What responsibility means is taking the 180 degree turn- instead of looking at the other, we begin to look at ourselves. This is the turn talked about in the spiritual journey- you can’t start until you begin to turn inwards. But it is not just those on the spiritual journey who need to take responsibility- we all do. It is required if the planet is going to survive- the argument about that has moved from “if” to “when”. There is no “other” that is going to do that for us. It is necessary that each one of us take responsibility for how we are living our lives and what we are contributing to the planet. If you confront yourself truthfully, you can know for yourself. Of course, we are influenced by the culture we live in. One measurement of the mean responsibility (average) in your culture is the carbon footprint, which you, as an individual, are contributing to. And the carbon footprint in the US is the second largest in the world. The only country higher is Australia, and that is because of the exportation of their natural resources, not because of their [...]
bernie madoff
Facing Limitation Is Being Human
The Economic Crisis as Human Growth in Conciousness As I spoke about in my last blog, the chase for more is better has been a defining characteristic of our culture for some time. One of the hallmarks of this is the resulting “ubiquitous frenzy , arising from the almost universal discomfort of being with oneself. Everyone involved in this chase has been exploiting the present moment as a stepping stone to new experiences or pleasures that will keep them from having to feel our discomfort. We have become attached to our escapes from ourselves. This has become such an expectation of our culture, that Obama and the present government administration has been trying to bail out the centralized money system in an attempt to let us keep the “American Way”. It’s failing. It was doomed to fail. And not just becuase of the economics involved. I do follow those. I have made reference before to those I trust on that front, for example Michael Hudson who wrote “The Financial War Against Iceland” and many other articles over the years of great insight and wisdom and also Catherine Austin Fitts of Solari.com. But the economics is not my job. My job is one of consciousness, and to bring that to our money. From my perspective, the bailout was doomed to fail because a new consciousness is necessary for the survival of the planet, and us. That means we can no longer run from our discomfort. If we had chosen a [...]
Opting Out of Serfdom
Day to Day Living in the New Paradigm In my last two blogs I talked at length about predatory lending and the debt economy getting us into trouble as a nation and as individuals. We need to step out of the culture of easy money and magical thinking that allowed Ponzi schemes like Bernie Madoff- but not just him. If you look at the whole bubble created by the debt system, you could say the whole of the state of Florida was a Ponzi scheme (look at the details of their real estate bubble). You could say all hedgefunds and therefore the fund managers were a Ponzi scheme. You could say the whole country (supported by Greenspan and the Bush Administration) has been living a national Ponzi scheme. Maybe ( and I believe) the whole world economy has been a Ponzi scheme. Bernie Madoff was just the starting bell in this horserace. I have an acquaintance here in Marin County who thought he was a multimillionaire. He had a thriving tax preparation business. Then he got into the investment business so his tax clients could invest in pension plans. And then he invested his own earnings in Florida real estate. The whole thing (except his tax practice- as taxes, like death, are inevitable) has fallen like a deck of cards. Now he is deeply suffering from his delusion and is having great difficulty in accepting that. There are many people who are in the same boat and they are [...]
Debt is the New Bondage
Staying Out of Credit Card Debt As stated in the New Yorker in its April 13, 2009 issue, in the article I.O.U. by Jill Lepore ,”Consumer debt has been the engine of the American economy since the 1970′s and arguably longer”. I would argue not just the American economy, but the whole world consumer driven bubble economy that has just crashed because it is simply not sustainable. Many are now recognizing that the predatory lending practices of the banks and credit card companies, with the tacit approval of the government through it’s interest rate manipulation and, as Jill Lepore, says its pitching to the American people that credit is a civic responsibility , have created a such a giant hole in the economy that we wonder if it can actually be fixed. We have no appreciation for history, or geography, in this country. It was never something that was valued in our education. If we did appreciate history, we would know that the downfall of every civilization was presaged by a wider and wider split between the haves and the have -nots. Think the Fall of the Roman Empire and now perhaps what we are experiencing, the Fall of the American Empire. We don’t have to go back that far if we were interested in what happened to us with respect to debt. And if we look we will see, that we have had many rises and falls of the economy, and in all cases debt was seen as necessary [...]
Madoff as Teacher not Devil
Madoff’s Lesson For Us My friends, Matt and Geneen, lost all their retirement savings in the Bernie Madoff Ponzi scheme. Instead of being victims, they have used the experience in very constructive ways for themselves. I am not talking out of school here, because they have each publicized their plight in their own ways: together as a couple on the Today show, author Geneen in an article in the Huffington Post (What I Gained By Losing in Madoff) and award-winning inspirational speaker Matt in Youtube (What Bernie Madoff Couldn’t Steal From Me) . One of the common ingredients in their stories is their willingness to take responsibility – not only for what happened- but ongoingly. As Matt says, Bernie Madoff stole money from them, but it was up to them to ensure that he didn’t steal the rest of their lives. Too often we stay locked in the past and try and change it. We obsess about how it should have been, or how it could have been if…..Those who are focusing on Bernie Madoff and what should have happened to him (nothing you can do to him will bring back your wealth), or, trying to find out where the money is (wake-up, it’s GONE), or how the government should pay them back because it was the SEC who messed up (Hey, where’s my bailout!) are staying in the past, are ultimately not taking responsibility for their lives. There is a new paradigm shift, and that shift requires each of us to [...]