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 [...]
Greed
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 [...]
Money and Enlightenment
How I See What Spiritual Teacher Jed McKenna Has To Say and the Economic Crisis Are Related I have been reading Jed Mckenna’s Notebook which is the newest from Spiritual Teacher, although he would hate that title. I have read his other three books in what he calls his Enlightenment Trilogy: Spiritual Enlightenment The Damnedest Thing, Spiritually Incorrect Enlightenment, and Spiritual Warfare. I have read and reread them all and loved them, even if he would regard me as someone waking up within the dream and not waking up from the dream. You can’t find him in Wikipedia; there is no picture of him on the website for Wisefool Press, his publisher (I would guess he is self-published); there is no mail or email address for the publisher- he does not want to be contacted it seems. But he definitely has something to say, that is necessary if you are at all serious about waking up. In his latest book, he also has some great things to say that is relevant to money and the spiritual journey, so I am dedicating today’s blog to quoting Jed’s book. Please enjoy. If you are intrigued, then by all means, order his books. they are the least thought provoking, and if you are open, life-changing. “Somehow everything has become flipped upside down. Not knowing of anything better, we have elevated the banalities of physical survival to the summit of human experience- eating, drinking, sensual pleasures, sex, mating, gathering- what pathetic consolations they are! [...]
The Answer To Our Credit Crisis
The Antidote to Greed in the Economic Downturn In my last post I talked about leaving the chase for more is better and a sense of deprivation which fueled that chase and start living in a sense of sufficiency. I also said this would take a shift in consciousness. In the November 10 Newsweek, in the Article, A Darker Future For Us, by Robert Samuelson, he talked about how Americans have been “progress junkies”. That is part of what I believe allowed us to be asleep at the wheel around the greed, miscalculation and the subsequent economic ruin of many Americans, and maybe America itself. The recession will end, but it won’t be a recovery to previous rates of growth. People are going to feel poorer, because their “sluggish income gains (will) get siphoned off into higher taxes, energy costs, and health spending.He says the we are about to begin a time of what he calls “affluent deprivation” which he says is a state of mind. I believe that we can, and need to move from a sense that without growth we will be in deprivation. It’s costly to consume out of a sense of deprivation. We get caught up in wanting more-bigger-faster stuff and then have to go back to earn the money to pay for it. And we are not really satisfied. What we really want is rest, time., money and connection. Jacob Needleman talks about how our capitalist society creates ever new desires. And the ease of [...]