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 [...]
Solari
The Permafrost Melt
Money and the Unsustainability Confluence Stephen Leahy is an international environmental journalist who covers international environmental issues in the public interest. In his website he says his work focuses exclusively on important stories that go unnoticed by mainstream media, often which are about climate change. On February 17, he posted an article “Permafrost Melt Soon Irreversible Without Major Fossil Fuel Cuts”. In his article he says that global warming could cause up to 60% of the world’spermafrost to thaw by 2200 thereby releasing huge amounts of carbon into the atmosphere that would further speed up climate change. Without major reductions in the use of fossil fuels, as much as 2/3 of the world’s huge storage of frozen carbon will be released pushing temperatures several degrees higher thus making large parts of the world uninhabitable. And we are only about 20 years away from the tipping point. The study he refers to in his article does not include methane release from the sea nor something called thermokarst erosion of the permafrost from warmer water. Politicians nor policy makers have taken any of this into account when looking at the amount carbon emissions need to be reduced. So we are at the top edge of a dangerous precipice. Clearly we our out of balance. It is not hopeless however according to the study Leahy is quoting. If we were able to phase out fossil fuels by 2050 by using renewable energy sources, we could find a safer path. But that would require [...]
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 [...]
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 [...]