Debts, jobs, nature

As the materialist system is nearing meltdown, a crystal clear understanding of what is presently going on in the world is extremely useful to anyone intent on full spiritual transformation.

Let’s start with debts, currently public obsession number one. Not without reasons.

Debts are the flip side of money. Every penny in circulation is created ex nihilo by a bank or central bank through a book-keeping entry involving a debt for exactly the same amount.

While a debt is generally held by the same debtor for most of its duration, the corresponding money flows between many players in the economy.

If there isn’t enough traction in economic activity, a significant number of debtors fail to make sufficient revenues to be able to service and repay their debts. To avoid this, monetary authorities ease credit conditions, and therefore create more money to sustain activity.

As an ever greater amount of debts requires ever more activity for debtors to be able to service and repay their debts, and as easier credit is practically always used to stimulate activity, a perpetual spiral is created.

In fact, it amounts to a Ponzy scheme at global level. Like any such scheme (where participants are paid with money just brought in by new entrants) it has to end badly (when the flow of new entrants dries up).

At some point creditors become worried, confidence in the system erodes, people consume and invest less, growth in the economy is slowed or stopped, resulting in some of the debts becoming impossible to repay.

That is presently happening in the economy of developed countries (and soon enough in other countries).

Now jobs.

Because today’s economy produces largely standardised products and services on a very large scale, using vast amounts of energy and sophisticated technology, it only requires the labour of a limited fraction of the total population.

Out of the 7 billion people on earth, roughly 1 billion workers are enough to deliver about 95% of world GDP. And companies are constantly doing their utmost to squeeze payrolls because labour is by far the largest cost factor in the economy as a whole.

It is therefore evident that the trend can only be towards more unemployment and more badly paid employees.

Last but not least, nature.

Although money is a pure abstraction, economic activities involve land, plants, animals, minerals, oceans, eco-systems, processes, chemicals, wastes, high frequency electro-magnetic and radioactive emissions,… etc.

Activities in the mainstream economy cause major interferences with natural equilibriums.

The overused word environment conveys an idea of décor somehow external to us humans. This is totally misleading: we are part of nature, we are constantly in subtle interactions with every other creature on the planet and beyond.

The great ocean plastic vortex, the mass torturing of cows, pigs and chickens, the killing of soils in intensive farming …all these large scale horrors resulting from a total lack of respect for nature directly affect our minds, bodies, and souls.

There are not just about the environment; they concern a complete system to which we belong. Materialists have tried to cut off our subtle links with nature, but that is impossible.

With a bit of intellectual honesty, none of the above is particularly difficult to understand.

All it takes is to free oneself from mainstream materialist propaganda. Which is the first step towards spiritual transformation, the only effective way to respond to the global crisis.

For reference on the economy, here is a recent piece from the Financial Times: “A diabolical mix of US wages and European austerity”

http://www.ft.com/intl/cms/s/0/7b84f1c8-a977-11e1-9772-00144feabdc0.html#axzz1wRRjvVfG

Fear not, stay calm and attentive.

Love,

Leo

Copyright © Leo Foresta 2012

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