Inquiry
How is the current U.S. economic crisis affecting your own life?
We are obviously now living in extremely challenging times, as we watch the U.S. apparently teetering on the brink of economic collapse, due to systemic problems that are much more complex than most people can comprehend. How is this affecting your own life, whether you live in the U.S. or not? Is it affecting your spending habits? Is it affecting you emotionally, perhaps triggering feelings of fear, anxiety, anger, or panic? How do you cope with those emotions when they do arise? Do you have any suggestions to help the community relate to this economic crisis, in terms of financial behaviors, community support, systemic issues, contemplative practices, etc.? Finally, how do you find abundance in the midst of increasing scarcity?
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practice and personally...
Posted October 9th, 2008 by Leo MartynI'm feeling rather grateful for my practice and communities such as these today that support and cultivate truth. I'm able to watch the anxiety that has risen tonight rather than be it as arrive home to discover that the Icelandic UK offshore bank I, err well had saved with was liquidated a few hours ago. Frantically transferring this money out a few days back, I am yet to learn if it will make it to a (hopefully) more stable UK subsidiary of a well known US culprit in this crisis. Ironically I had moved my money there in the first place cause I feared the worst with the 'Russian Roulette' of big name collapses in the US.
I'm not surprised really. I've been reading the good US website counterpunch.com who's writers seem to take quite an Integral view in their independent journalism and they have been forecasting this for over 18 months, while the mainstream Murdochian media, particularly down here in Australia has seemingly persisted in maintaining head firmly entrenched somewhere dark.
And to answer the question, I am taking solace in my practice and support of wonderful teachers and the work of those who have done so much to enrich and cultivate some awareness. A sizeable 5 year old 'poor me' tantrum arose tonight but I can't be bothered - acouple of years back it would have been complete panic.
The irony is not lost on me that I am doing a Diamond Approach retreat on money and spirituality in 10 days time. I'm reminded that I survived the challenge and crisis of a painful spiritual 'opening' in the past five years which brought me to communities like this and more in touch with true nature. My life feels richer today than it did when I pursued a more workaholic and money driven approach, but I by no means hate or reject money. As the past week shows, it is so entrenched in our culture so I feel we have to enter into relationship with it on the 'path'.
I've returned home from counselling work with homeless men all day. This is not the standard I should be grateful spiel, but just bearing witness to what I have and how my life is comparitively secure and by world standards I'm fortunate. However, if Wall Street bankers want to jump out of high-rise buildings, I'll do tonglen for the suffering of all beings on all levels in this crisis, but the meaner shadowy parts of me want to give the bastards a push on their way.
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5 out of 5 members found this useful.
Financial and Economic crisis
Posted November 12th, 2008 by magali rowanYes the brink of economic collapse has affected my own life in many different practical ways. But mainly It has brought back to the surface all those feelings of fear, anxiety, anger and frustration I wrongly assumed I was no longer able to indetify with. The only possible way to survive the outbursts of such a primitive shadow is through meditation. It is really the only remedy for the ego's indulgence in worries and fears.
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Responding to economic crisis
Posted November 12th, 2008 by Durwin FosterI did feel a sense of being traumatized when I first came to understand what was going on in the world financial markets. I am more aware now of how I am affected by major world events than I was in 2001 when the world trade centers collapsed. At that time, I recall that the event caused me to lose hold of the dedicated daily meditation practice I had going. But I wasn't able to make sense of how the event was personally traumatic. Given further psychotherapeutic training, I now know better what my pattern is when events like this occur. First, I experience some mild disconnection and disorientation...then, usually as I re-orient I feel a v. strong desire to understand. For me, the intellect kicks back in first...I interpret the impact as suggesting that there is something I haven't understood -- some significant pattern I haven't been paying attention to -- and I set out as strongly as I can to do something about it. In this case, I found I connected with the work of George Soros, who seems to have seen this coming, and who seems to be coming from a green/teal altitude in his views.
At the pragmatic level, I have been addressing quite a bit of complexity in this area as a father of three and homeowner in Vancouver, BC. We were fortunate to sell our small home (we were living in just over 1000sq feet) near the height of a real estate "bubble" here. I feel fortunate to have comprehended the bubble situation in time for us to avoid buying into another home. So we are going to park our capital and rent a house for a while, which I am pretty certain is a good move, as we are seeing what has been a highly inflated housing market starting to correct significantly here in Vancouver.
No big answers or further direction to offer here -- just happy to be able to process some of this within the community.
--
durwinfoster@gmail.com
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Observations... Ideas....
Posted November 14th, 2008 by CartosysPlenty of evidence suggests that Wall Street was founded and majority of Wall Street's culture resides in Orange. Now, here in the Integral Community, I often hear the loose terms "healthy" and "unhealthy" in describing whether or not a Level is manifesting a pathology in the real world. So, I think it's now universally accepted that "unhealthy" Orange has thrived in the financial sector for decades.
This crisis is the logical conclusion of such overblown growth and a culture geared towards maximizing that growth at any cost--or I should say, at any risk? Because it seems that a good way to make a "balloon" is to:
1) create a corporate wide (unhealthy Orange) value system that rewards only profit.
2) base this system on "financial analysis" from top rating agencies like Standard & Poor's who say nice Orange things like "our formulas show that housing prices can never go down" etc.
3) Buy some politicians for deregulation purposes and let the predatory lenders do the ground work--i.e. blow that balloon full of air--by appealing to those that still believe in last century's (Orange) version of the American Dream.
4) Profit massively for a short while.
We all now know what follows.
Those who played the game responsibly, or participated manifesting their healthy Orange side end up paying for the mess.
...Could it all be a Type duality? Unhealthy Masculine Orange, ended up screwing Healthy Feminine Orange (pun intended)?
I suppose elaboration is warranted after such a statement:
Masculine Orange will tend toward agency and therefore work to relieve itself of responsibilities in order to achieve it's end goals (note: this can be healthy when necessary!). Responsibility was obviously shirked en masse in the financial sector, but more specifically it was legally shirked when risk was removed from the scene and put on the shoulders of the investors.
Enter the devious lie of putting AAA ratings on these horrible sub-prime loans and voila! People, organizations, or in the case of Iceland, entire countries took on all the risk when they invested in those triple A's! Somewhere in there lies a pathology, and no need to look elsewhere than all the pathological men running these firms! I mean, there's STILL no accountability! They're currently taking bailout money and giving themselves massive bonuses! These guys continue to make a fortune off the constant repression of responsibility deep into their Shadow! I can imagine a conversation in the boardroom:
Bob the risk manager: "Hey, we can't take on these $500,000 loans. The combined income of the applicants is $20,000 a year!"
Ben the CEO: "What are you a girly-sissy-schoolgirl-whiney-sugar-and-spicey-and-everything-nicey-man?"
Boardroom: Laughter.
Ben the CEO: "What's your name? Bob? Listen Bob, grow a pair, take the loan, and your percentage for securing it, and go buy some psychiatric help, because that loan is going triple A, baby!!!"
Boardroom: Applause.
Meanwhile most of us at or with healthy Feminine Orange--meaning in this case taking on responsibility, agreeing to pay our loans, working with the system (because we live in a community damnit!) in an accountable fashion to do what's best for us AND our family--end up screwed...
Me and my wife bought a home last year, and we're now wondering not only how hard our resale value took a hit, but if our jobs are now stable and we can even pay our mortgage in the coming years. We were doing everything right. Healthy Orange; living within our means, investing appropriately, building a nest egg... well, we'll see if our eggs are in enough baskets to see us through this thing.
So is there anyone here working in the financial sector?
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5 out of 5 members found this useful.
Your Money or Your Life
Posted December 7th, 2008 by Joseph GarofaloYour Money or Your Life, Great Book by the late Joe Dominquez, read it 15 or so years ago, did all the exercises, closely examined, to the penny, where my money was going -- by tracking Everything I spent for 2 or 3 months, Eye-Opening, quickly saw the relationship between Money equaling Life Energy, slowly cut out or down the BS (walking in Manhattan(no subway or buses), brought my own lunch, gave-up Media Diet of daily newspapers, etc,) Questioned Everything I thought I needed -- "Do I Really Need this?", if so can it wait, started to buy what I did needed off season, patiently, mindfully waited to see when it was on sale, reduced, used or mostly waited for Desire to pass. Now like the Gambling epidemic (Wall St included) where its not about winning or losing, but the Constant Action, I understand its not possessions, experiences, etc we desire, But the intoxicaton of Desire, We Desire literally Desire, the buzz of wanting something (any-thing really), thinking of it, shopping for it, finally buying it, then when the allure wears off (and it always does -- the new car sits in the driveway unwashed, the new clothes hanging with many other like it in the closet, etc), like an Addict we desire the next thing and the next. Break this Cycle by mindfully becoming aware of it, In a nutshell Live Simply-- we can all do a btter job of that, With less to shop for, buy, store, insure, worry about - true Freedom is found. I've lived significantly below my means for many years and thankfully have the means to help others --
As for the current times with a multitude of crisies -- economic, enviromental, social -- in a strange sense its a good thing, for not only should everyone (Gov't, corporate, Individual) start to examine the collusive madness of our interpeneratrating actions, but perhaps more important It may create the neccessary Life-Conditons to perhaps Tip exiting Greens into the Integral World-Space to create the changes we really need to see.





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6 out of 8 members found this useful.
Crisis/Opportunity
Posted October 2nd, 2008 by camfreeGiven that hope is only real when everything is hopeless, I'm feeling a keen sense of what I call the "passion for life"... while undertaking a crash course in macro-economics, which is extremely interesting at a time like this and something I know absolutely nothing about... And while I am aware of the pain that many people are no doubt feeling, given that I've never had a credit card or been in debt, I don't have a mortgage and that I never buy things that I don't need I find the entire situation fascinating, even to the point that I don't mind if my investments in the share market are slashed...
Integral gives me the permission to say this - and no offense intended, but there is an aspect of myself wants to see the system collapse, I want to see it all tumble down. I'm not sure whether this is a kind of perverse glee or a simple acknowledgment that such as crisis would unleashed an altogether new horizon of possibilities, new forms of human community may begin to emerge, consumerism and the stupid pursuit of pleasure would give way to a new series of fundamental questions, and we may see the same kind of human solidarity and generosity that we saw in NYC in the days after 911... Most people are sick and tired of the status quo, we need an event that changes the co-ordinates of the existing order of things and I'm convinced that what looks like an unmitigated disaster is often the Mystery in disguise.... And it might be worth suggesting that sometimes Truth is not so much inner peace, but a painful, traumatic encounter with something that we didn't see coming...
Cameron
-- "Become passers-by" (Jesus of Nazareth)