Evidence Of Our Human Spirit The upheaval that our world is experiencing is a sign of the human spirit behind our culture, and that has been the case in every place in every time. For those who study history, the condition of the United States in our time is no surprise. It happened in Rome. It happened for the British Empire. The fall of every empire was presaged by the increasing disparity between the haves and the have-nots. When we comprehend how dire the state of the economy is, the impact on our lives can feel chaotic. The wake-up calls that are pulling us out of our sleep can feel shocking, dismaying, and depressing. It is no wonder that many people are afraid. Historically, chaos has meant that things aren’t working. But humanity is resilient, and within chaos resides our capacity to open up into something new. In Thus Spake Zarathustra, Friedrich Nietzsche said “I tell you: one must still have chaos in oneself, to give birth to a dancing star.” We can see evidence of this capacity in the Occupy (Wall Street) movement, which has as of this writing has 2,668 occupy communities spread not just around the United States, but in more than eighty other countries as well. Note 10 People want a voice and they want change. Matt Taibbi said this in the November 24, 2011 issue of Rolling Stone magazine: ”Occupy Wall Street was always about something much bigger than a movement against big banks [...]
Rolling Stone
The Rubber Is Meeting The Road
The Spiritual Opportunity Of Our Money Pain I really like this guy , Matt Taibbi, who writes for the Rolling Stone magazine. He again has a great article this month on the continued betrayal of the American people. The article is called “Wall Street Strikes Back” and the table of contents description on Page 5 tells a lot of the story: “Congress looked serious about financial reform until the country’s biggest banks unleashed an army of 2000 paid lobbyists”. In the body of the article, Matt talks about the watering down of the Restoring American Financial Stability Act and ends with a few points that In feel are important to mention here. On the positive side, the bill will curb some of the predatory lending I have spoken a lot about. But the more important issues the bill was supposed to address, like breaking up large risky banks, requiring financial giants to set up a fund to pay for their own bailouts, and probably most importantly, forcing the derivatives market to be more transparent, won’t happen in any meaningful way. So the $600 trillion derivatives market will continue to work without the light of day, and that in my mind is criminal. Matt’s conclusion foretells the continuing impact on the American people- “a war the once looked winnable will continue to drag on for years, creating more havoc and destroying more lives before it is over”. So the results of the financial fiasco keep getting put back onto the shoulders of [...]
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 [...]