Over-Consumption and the Bloating of America My husband and I just took a road trip from here is the San Francisco Bay area up through Oregon, Washington, Vancouver, Vancouver Island, and camped on the way home down the coast. What was remarkable was the amount of obesity we encountered. Some of these encounters were more memorable than other. On a ferry, we saw an overweight couple eating ice cream and feeding a young child under one year its own ice cream cup. Another at a rest stop was seeing a family arrive in two vehicles because they couldn’t fir in one vehicle- not because of numbers but because of size. My husband once exclaimed “look at that poor tiny woman!” which caused me to turn around and see this very small-boned woman with a giant belly protruding and an apron of fat descending. In the San Francisco Chronicle pink pages( Sunday Datebook) from yesterday, a question to movie critic Mick Lasalle included “Do you think movies reflect their times not only in their content, but in the way they’re produced? For example, too many of us eat too much, drink too much, spend more than we can afford. And too many of today’s filmmakers seem to think that if they just throw money at a film it makes up for lack of craft.” Mick LaSalle’s response included ” Your question introduces an idea I’ve never considered, that the bloat in our films is related to the bloat in our people”. [...]
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Concentric Circles of Recession
We Are Not Out of the Falling Bubble Woods Yet. I heard a joke the other day, that might have been funny if it weren’t so close to the truth. “The last will and testament of the Icelandic financial sector requested their ashes be spread over Europe”. I loved what my husband’s friend said in response to hearing that: There was a special bequest to England who replied “We said cash not ash”. But this is what is happening not just around Iceland debt, but debt in general all over the world. The debtors are being blamed, and the creditors have been given cash. The US government bailed out the banks- who were responsible for making bad loans, but gave nothing to the debtors. In effect, the bankers have been paid for their bad loans. As our economy is shrinking, these same creditors are grabbing as much as they can and in the process making the debtors feel guilty. The creditors are more guilty. They supported predatory lending- lending knowing that the debts could never be paid. It is another chapter in the wealth grab. The 10,000,000 Americans who are probably going to lose their homes didn’t cause the problems, but they and the American people whose taxes funded the bailouts are going to be left holding the bag. The economist Michael Hudson has likened the American democracy at the moment to an Oligarchy. He said that 25 years ago, 1% of the American public owned 27% of equity income, [...]
The Wall Street Hustle
Opting Out of the Big Bank Fiasco and Moving Toward Self Sufficiency The Rolling Stone March 2009 issue had an article by Matt Taibbi called Wall Street’s Bailout Hustle in which he likens the financial crisis bailout to a street con and makes a very good case of it, taking us step by step through the con game led by Goldman Sachs. In the article he makes a case that the big banks aren’t just pocketing the trillions that were given them to rescue the economy, but that they are engineering another crash so that they can continue to feed at the trough. There is one paragraph that is such a concise summary, it is worth quoting: “Take massive sums of money from the government, sit on it until the government starts printing trillions of dollars in a desperate attempt to restart the economy, buy even more toxic assets to sell back to the government at even more inflated prices,- and then, when all else fails, start driving toward the cliff again with a frank and open endorsement of bubble economies”. He goes on to say, that” con artists have a word for the inability of victims to accept that they have been scammed. The call it the “true believer” syndrome.” It is time to quit believing that someone else- the government, the banks- are going to take care of you and will have your best interests at heart. It is time to wake up, smell the coffee and take [...]
Money and the Patriarchy
The Challenge to the Old Masculine Mentality The masculine is what turns the soul outward to affect the world. But in order for it to help us through the global crisis, which is really a wake-up all to humanity, it must escape the defining cultural influences to which it has been subjected for centuries. The forces of the old masculine approach ( what I call the patriarchy) are being challenged by a the arising of the feminine and a new masculinity that uses its strength to support and empower the community. What I call the patriarchy is really a magnification and distortion of the true masculine qualities. True masculinity is about achievement in the world, but not cut off from consciousness and in partnership with the feminine. The old patriarch loves the rigidity of the law, the power of the hierarchy, and the tyranny of oppression. The difficulty is that old ways die hard and our institutions including banks, government, church, and corporations are still easily controlled by this mentality. People who are in these institutions are not objective, because their own interests are being served- so whether consciously or unconsciously, they are enmeshed in this mindset. You just need to look at the bonuses Wall Street keeps paying out to see the truth of this. These people have not reflected on their inner lives, and the values that would flow from such a reflection. Instead, they act through layers of rationalization, manipulation, greed, and hidden agendas which (I hope for [...]
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 [...]