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Let's discuss the ECONOMY! How are you feeling, coping, changing?Amber said Nov 19, 2008, 10:45 PM: |
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“The world's economy is in a shambles… and here we are… a community who wants to change the world… and very seldom do we discuss the sad state of the world, and what we can do about it… |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changAmber said Nov 19, 2008, 11:00 PM: |
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Here are a couple of articles Keith brought to my attention many of you may want to read up on… I found them to be very interesting as they are full of statistics and I'm a statistic junky! Did you know that in the 20's and 30's; Depression 2009: What would it look like?Or how about this; Breakdown of the Global Monetary System by summer 2009Keith, seriously, that link is an extremely DRY read but I had no idea that our economic system actually had a name… the Bretton Woods II (2) system. I thought that it had magically evolved from the barter system or something but we all got tired of carrying around gold bars and went with paper!While this seems all gloom and doom to someone who's got much money in the stock market… I have a little nest egg myself… it also has me feeling more optimistic about the creativity of humanity to let the Titanic slip gently into the ocean while we create plenty of life boats for all to step into a new reality not yet decided upon! Smiles! amber |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changDaughter of Zion said Nov 23, 2008, 9:05 AM: |
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So right you are! I find that this is the perfect opportunity for me as well as others to get back in touch with what they truly love. I had never invested much money in stocks, save for my 401(k), and most of my money is just saved up for times like these. I spend less, am more conscious of what I buy and what I do…and I had decided to start selling my handcrafted accessories and apparel and just have fun with my life. I walk to almost everywhere and I catch a train to work…so I save a ton on gas money. I'm fairing pretty well from living within my means. A lot of my neighbors aren't doing so well, mainly because they can't spend their money like they can't. But I ask them: is it so important to have so many things? Work on the basics and build from there…and most of the things we want comes to us with some creativity and some ingenuity. It's just a great time right now to take a pause in our life and instead of crying about what we don't have in our life…let's be grateful for the many things we do have in our lives. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, chang~KES said Nov 19, 2008, 11:37 PM: |
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Here is a youTube on permaculture by Geoff Lawton. I have two great articles on Economics - April 1966 and Economics - War & Tax - March 1969 that help those new to this subject written by L. Ron Hubbard. I am happy to answer any questions on this as well as learn of the latest on this subject. Thanks and best of luck on this. Kathy
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changAmber said Nov 20, 2008, 9:24 PM: |
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Great conversation! |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, chang~KES said Nov 21, 2008, 1:34 AM: |
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I found this at the end of the article: THE QUESTION The relationship of any man to economics is a simple one: “HOW CAN I LIVE?” To that adheres the question, how can his dependents and his community live? Whenever a person asks this question or any version thereof in this, the complex society of today, he is asking, “What is economics” In this article, short as it is, all the vital factors of economics are listed. What needs to be guaranteed is that one’s economic destiny is not managed by men who hate and who will not be comfortable until all other men are slaves. The long-term solution to the question “How can I live?” is: Never work for a suppressive firm and do not support a suppressive government. And work to put us in a position to guarantee that leaders are sane.” Chris has the best blogs to read for starters that bring about a clear understanding of the current scene. Thanks to him for being such a prolific writer with great insight. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, chang1Vector3 said Nov 20, 2008, 11:37 PM: |
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a silent revolt by becoming less and less productive |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changHeyOK said Nov 21, 2008, 1:02 AM: |
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Hello all - commenting to keep abreast of the dialog in my inbox. Good to see the views and info flowing. |
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What's AheadKeith said Nov 21, 2008, 11:59 AM: |
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Re: What's AheadFastDart said Nov 21, 2008, 5:31 PM: |
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There were some interesting things said on Coast to Coast AM on November 19th. that echo many of the points you bring here Keith. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changrugged_gurl1 said Nov 21, 2008, 2:28 PM: |
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I wrote a post about the economy– http://discoverfarther-w-humanity.gaia.com/blog/2008/11/what_was_the_last_thing_you_wondered_about |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, chang~KES said Nov 21, 2008, 3:20 PM: |
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Gaia is a spiritual site filled with religions from around the world. The Federal Reserve, excerpts of the Banking Crisis! By Mark Arnold The Ultimate Casualty Just as I was completing this “Bailout” series, Congress was debating the Housing Bill which has the purported purpose of assisting mortgage challenged homeowners as well as bailing out secondary mortgage market giants Fannie Mae and Freddie Mac. On July 23rd 2008 the U.S. House of Representatives passed this bill by a vote of 272 to 152. On Saturday July 26th it passed the Senate and was signed into law by President Bush on July 30th. Exactly what does this bill do? The first thing to understand is that the provisions of the bill authorize an increase of the country’s debt ceiling to a staggering $10.6 trillion. That is an increase of $800 billion from this bill alone. For those of you who do not track national debt figures, $800 billion is about what our entire national debt was in 1978. (It took 65 years, 1 depression, numerous recessions,4 shooting wars and one cold war to acquire that debt, starting from 1913, the inauguration year of the Federal Reserve. This bill accomplished that with a stroke of Bush’s pen.) The next thing to understand is that the bill provides massive funds for that Fannie/Freddie bailout, should it be needed. Rest assured…it will be needed. According to Ron Paul, Representative from the state of Texas, the bill authorizes what is in effect a blank check to bailout Fannie and Freddie to the tune of what could be as much as $100s of billions before it is all through. This would be done through the U.S. Government purchase of the compromised mortgage backed securities and effectively transfers their liability and loss to the American people. The bill is indeed, as Representative Paul describes it, “the mother of all bailouts.” It dwarfs in size previous bailouts, saddles the tax payer with a huge liability and becomes the logical ne plus ultraof the banking game as it has been played. It also is another inflationary response to the problem as it authorizes the creation of more billions from nothing which further depresses the value of our beleaguered dollar, already sitting at all time lows on international markets. In the end the ultimate casualty of this sort of action is the money itself; in our case “the dollar.” The Fed and Government bailout and inflationary response to the current banking crisis is an effort at a short term solution that guarantees the longer term problem and that problem is the loss of the currency itself. The inevitable end of inflation is the demise of money through rendering it valueless; exactly like the goldsmith who issued too many receipts relative to the gold he had on deposit. And when the dollar goes what replaces it? Is the “Amero”right around the corner? Incidentally, there are several other provisions in the bill of note. It is required by the bill that anyone working in the mortgage industry be fingerprinted. Also required is that every single credit card transaction by U.S. citizens be reported to the IRS. This is an outrage! Are we to assume that this crisis was precipitated by not having mortgage brokers fingerprinted? What right should the IRS have to your credit card transactions? Why would these be in the Housing Bailout Bill? A Perfect Financial Storm Were I the type to say, “I told you so,” now would be the time to say it. Back in July at the outset of this Bailout series I talked about the failures of Bear Stearns and Indy-Mac Bank and predicted that many more would follow. Across the last 2 months we have witnessed just that with the collapse of Washington Mutual and Lehman Brothers, the buy out of Merrill Lynch by Bank of America, the bailout of American Insurance Group (AIG), the largest insurance company in the world, with a $130 billion loan from the US Federal Reserve, and of course the now infamous bailouts of Fannie Mae and Freddie Mac. And all this is not to mention the $700 billion federal bailout of the entire US banking system just passed by Congress and signed by President Bush. We are living through an unprecedented time economically; what could be called a “Perfect Financial Storm”. The “Storm” is having many effects at personal levels. Most of you who have 401Ks or who have invested in the stock market with hopes of retirement security have taken big hits. I checked one blue chip mutual fund this morning on the internet just to see the effect being caused by the on-going stock market crash and this particular fund had lost 1/3 of its value over the last several months. Reportedly, nationwide retirement accounts have taken a $2 trillion value loss over the last 8 months as a result of this crisis. Credit is tightening, and loans are tougher to get. Companies are being forced to lay off personnel. We are clearly in a recession and have been for some time. Only now it is a planet wide situation with banks in Europe and Asia now failing and needing bailout by their respective countries. Just yesterday Central Banks of the top 7 industrialized nations in the world took the unprecedented step of acting in concert and simultaneously dropping their interest rates ½ per cent in an effort to get credit flowing in the global economy. It is a step that may have ramifications far beyond economics, but first things first. The first few installments of this series covered causes of the debacle ranging from the establishment of the Federal Reserve to the issuing of sub-prime real estate loans by banks which are then sold to the secondary market, Fannie and Freddie and are then packaged as mortgage backed securities and sold to investors including Insurance companies (AIG), Pension Plans, other Central Banks, Investment Banks etc. The question that must now be asked is “Why?” Why would a bank issue a loan to a person who does not qualify for it? When you realize that, to a bank, loans are assets as long as they are paying and become liabilities when they do not, it simply doesn’t make sense to loan money to an unqualified borrower. So why do it? The answer to this, partially, is the “moral hazard” concept economists have been talking about in connection to this crisis. This simply has to do with the fact that as long as the banks can be bailed out by the governments (your tax dollars) where is the real penalty for making bad loans? The bankers never end up having to be responsible for them. (Of course no one is mentioning that that is a major reason for the Central Banking scheme in the first place.) But in this instance, moral hazard does not explain entirely what has been going on. There are other reasons. So…let’s crank up the Way Back Machine to take a look at them. BEWARE OF ANYONE PROPOSING A CHANGE IN ALREADY WORKABLE FINANCE SYSTEMS. / Be very careful it is not being done to bring about a personal rip-off. Duplicate and understand these data. As you walk your way through the morass of conflicting and enturbulating financial conundrums that are our economy they will serve you well. As an example, for our economy to be this much of a problem and for the problem to persist as it is there must be many lies connected with it. The Bubble Inflates… So…why would a bank make a mortgage loan to someone they know would be very likely to be unable to repay it? The Way Back Machine has deposited us in the year 1977. Jimmy Carter, a Democrat, is President and signs a bill into law called the Community Reinvestment Act. The purpose of the bill is to prevent banks and financial institutions from engaging in a practice known as “redlining.” “Redlining” is described as follows: Of course this practice smacks of racism at the worst and at best a bit of social injustice. But from a banker’s view there could be other reasons for not loaning to low income areas and people. The obvious one is that, being low income, they simply do not qualify for the loan. Banks, for all their frailties and warts, had developed some standard know-how on the subject of loans and these involved certain criteria such as identity and income verification, debt to income ratio, and, on mortgages, down payment amounts, appraisals and loan to value ratios. These practices all came under assault as a result of the CRA. Exactly how is described as follows: The problems of racism and social injustice certainly do not have their roots in bank’s lending practices and those problems certainly would not be vanished by forcing banks to lend to low income people. Regardless, only limited damage was done by this bill from 1977 to the mid 90s. And then things started to change. So what happened? We take the Way Back Machine forward in time. It is the year 1992; the waning days of the first George Bush (Republican) presidency. A bill called The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 is passed and signed into law. This bill introduces the requirement that Fannie Mae and Freddie Mac devote a portion of their business to the purchase of the sub-prime loans mandated by the Community Reinvestment Act. This meant that the secondary mortgage market was now accepting these sub-prime loans and thus opened the door much further to additional sub-prime loans being originated by banks and mortgage companies. Prior to this, the effect of the CRA was severely limited by limited access to Fannie and Freddie. The banks originating the loans had limited places to sell them to. We move forward to the Bill Clinton (Democrat) administration in 1995. It was in that year, as a result of Clinton’s request, that regulatory changes were made for CRA with the intention of strengthening its effectiveness and further reducing redlining. Once again an effort at solving a problem instead of vanishing it; once again a political system attempting to solve an economic problem. By 1997 Bear-Stearns and Co. (one of the first large investment banks to fail earlier this year) publicly launched the first mortgage backed securities based on these CRA enforced sub-prime loans. By 2000, Fannie and Freddie were deeply involved in the sub-prime game and Fannie announced that soon 50% of its business would be sub-prime. The artificially created housing bubble was about to really take off. By 2002, as a result of the above, the bubble was starting to move into full swing. It was in that year that a bill called the Sarbanes-Oxley Act was passed. This law was created in response to the Enron accounting scandal and had the intent of forcing corporations to be transparent in their book keeping by requiring them to gauge the value of their assets and securities according to the current market price of those securities rather than the price the security was purchased at or some other value. This accounting standard is known as mark-to-market accounting and was yet another example of “solving a problem.” In case Congress hadn’t noticed, it was already illegal for Enron or any other corporation to falsify their records in order to artificially maintain their stock value. More efficient law enforcement was possibly required; not another law stacked on the existing law. Intended or unintended, Sarbanes-Oxley and its mark-to-market accounting requirements would have vast negative consequences. As the new century moved forward the housing bubble, fueled by the factors above plus low interest rates maintained by the Federal Reserve, expanded and expanded. The sub-prime mortgage backed securities were sold by investment banks and Fannie and Freddie to investors, banks, insurance companies, pension funds, central banks and others all over the planet. Housing prices, spurred by this artificially created sub-prime mechanism, sky-rocketed all out of pace with the normal inflation rate. Even if a sub-prime borrower found he was unable to afford his mortgage, he could just sell the house; usually for many thousands more than the purchase price a few months or a year before. It seemed there was no way to lose. And then the bubble burst. The Bubble Bursts… The natural laws of economics eventually catch up to the lies of politicians and quick buck rip-off artists. As early as 2006 some economists were warning that the bubble would burst as it was obvious that the rise in real estate prices was not based on sound economic fundamentals but was being caused buy the factors above which encouraged huge speculation in the real estate market. An explanation of this from one economist, Dean Baker, written in March 2006, follows: “Nobody doubts that there has been a sharp increase in house prices, the question is why: Is it because of fundamentals or a speculative bubble? A quick examination of the fundamentals should remove any doubts on this issue. On the demand side, neither income nor population growth has been especially rapid. Real per capita income has grown at a respectable rate of 2 percent annually since 1997, but this is considerably slower than the 2.8 percent annual rate from 1953 to 1973, a period which saw no run-up in house prices. Furthermore, the median family income has actually been falling since 2000. Population trends also would not suggest a surge in demand for housing. The number of households grew by an average of 1.4 million a year from 1995 to 2004. This is far slower than the 2.8 million annual growth rate in the 1970s when the baby boomers were first forming their households. The age distribution is also not consistent with a surge in demand for housing. The rapidly rising house prices come at a time when the baby boomers are moving out of their years of peak housing demand.” From the data Mr. Baker presents it was clear in 2006 that the reason for the real estate boom had nothing to do with sound economics and was therefore doomed. Later in the same article he actually encouraged a pre-emptive bursting of the housing bubble to limit the damage he knew was coming by having the Federal Reserve start issuing data to consumers to explain the difference between a speculative housing bubble and a sound production boom based on real demand. This would have caused consumers to start to slack off on housing purchases and real estate values would have started to slide back toward their real levels. The bubble would have burst sooner. By 2007, as the adjustable interest rates on these sub-prime mortgages began to kick in towards the higher rates, 3 or 4 years in to the mortgage, the wave of defaults started, housing demand dried up and real estate values started to fall. The tsunami effect this started cascaded through the mortgage, secondary mortgage and investment community like a tidal wave. Investment banks like Bear, Stearns and Lehman Bros and banks like Indy Mac and Washington Mutual found themselves owning and responsible for mortgages and mortgage backed securities that were being heavily compromised by these defaults. As result of the mark to market accounting procedures forced in by the Sarbanes-Oxley Act these institutions were required to report their asset values reflecting the real time market value of the assets. As the investment market dried up for these mortgage backed securities this value rapidly descended toward zero. This forced the banks to have to raise additional capital to cover their losses and started to impair the bank’s ability to make loans. Other banks, which in normal business times easily make loans with one another, began to believe that other certain banks (those heavily exposed to the sub-prime market) possibly would not be able to repay a short term loan and so ceased loaning to them. The credit crunch was on. So now here we sit, in the midst of the greatest economic disaster since the Great Depression. Take another look at the LRH quotes above. The effort to solve the social injustice of perceived racism was done by enforcing a government mandated economic “solution.” More “solutions” are piled on top of this. Each “solution” becomes the next problem to solve. Sit back and confront the problem of racism. The lies do not point in the direction of economics although it can appear that way with such things as slavery entering the picture. The lies point to a problem with people and their personal and social aberrations. They actually point to what we handle with Dianetics and Scientology. The irony of our current situation as Scientologists is that we now find ourselves the effect of something that only we have the solution for. Therefore we must now turn our own confronting and truth revealing glare on ourselves. The fact is we are in this situation now because we have not moved fast enough as a group to implement our programs and handlings for the world. There are good people in the world. But the truth is many of these good people, with the help of a few suppressives to be sure, were the ones who implemented these “solutions.” And now many good people are being hurt and destroyed. It did not have to be this way. It need not continue this way. But it will and even worse unless we all find it within ourselves to pull together and get this job done. We have no choice. Thanks, ~kes |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changAmber said Nov 21, 2008, 11:25 PM: |
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Whew ~KES! I read every word of that… and now I read on… |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changSherrilene said Nov 21, 2008, 3:23 PM: |
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Hey, it's me! I made it! |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changgina said Nov 22, 2008, 3:55 AM: |
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You folks have to bear with me a graduate of the school of hard knocks. As I read this whole discussion, I am agreeing to some and in a quandry of others. Yes, our country is in a bit of a mess, to put it mildly. I am not sure who coined the phrase “the love of money is the root of all evil” yet it speaks the truth. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, chang~KES said Nov 22, 2008, 5:18 AM: |
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Hi gina, Thanks for painting a brilliant observation and complete experience of economics. What you bring up here is exactly what Amber has brought up and is completely on the subject of economics with an accounting of how this has affected you and your family. I believe that 911 was the wake up call for all mankind. I read something funny in one of the political pods where it was described that the suppressive personality described “GOD” = Gold, Oil and Drugs. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changgina said Nov 22, 2008, 5:34 AM: |
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Kathy, |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changMeenakshi said Nov 22, 2008, 6:01 AM: |
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Coming back to the topic of how the economy is affecting us personally, today. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changLucid said Nov 22, 2008, 8:46 AM: |
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Hi everyone, thanks for creating this lively discussion. I just read over it once very briefly, but I'm gonna give it a proper read through just to not get anything twisted. In the meantime, I feel this video is appropriate and beneficial to this discussion: |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changJudi said Nov 22, 2008, 11:30 AM: |
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Hi everyone, good discussions. I want to throw my two cents in for what it's worth. Here's how I look at economies An economy, to my way of thinking, is nothing more than the way in which a society decides to share the land and its resources. It's the land that provides everything we need. By utilizing the land and its resources in a cooperative and sustainable manner, humans can not only survive but also thrive. Sadly, our economy is not designed to allow cooperative, sustainable use of the land and its resources. It doesn't provide every human being for generations the access to all they need from cradle to grave. In a natural economy, people work cooperatively to utilize the resources of the land and share the fruits of their labor. No one has to pay for anything, and their work, their labor, is all about producing the things they and their neighbors need instead of producing and marketing things that people don't need. In the current economy, which is entirely artificial, the land is not accessible to anyone unless they buy a piece of it from those who acquired it originally through deceit, and malice. Those who came from the continents across the “pond” came with their “ownership society” mentality and took the land from those who had lived on it for millennia. For the most part, the indigenous peoples of this continent had been living with a natural economy and self-governance, which served them well. The current economy can't survive without rampant, mindless consumption, cutthroat competition, and destructive practices. Here's why I think that's so:
There's a lot more to say about all this, but for me the question is not “how can we fix this economy?” but how can we disentangle ourselves from it and create something more natural and equitable? Amber, my daughter, and I have been talking about changing the way we live and experimenting to see what alternatives there are. I've always felt there was a way to band together with others to do this – sort of the “build it and they will come” mentality – but I also know that the system has a stranglehold on us that would be hard to break unless we all understand what that stranglehold entails. Plus I'm just a visionary - it will take a group of people who share the vision to make it real. A natural economy and society requires self-governance, and cooperative efforts to make it happen. My desire now is just to start opting out of this economy little by little as much as I can. I just hope that my children can be part of a larger shift in the future. It seems as if the perfect storm has arrived to make it possible - climate changes, economic ruptures, global communication, a spiritual awakening - all driving us back to local economies of equity and sustainability. So, there ya go. Another way of looking at things, sort of radical, I know, but certainly part of the discussion. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changMeenakshi said Nov 22, 2008, 4:53 PM: |
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Judi,thank you for describing your vision, that you and our lovely Amber are trying to achieve. Just this is a huge leap forward; from feeling liberated from “the economy” which seems to have replaced “society” as that chimeric source of all ills –at least if the media is to be believed. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changJudi said Nov 22, 2008, 8:14 PM: |
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Hey Meenakshi, |
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Let's discuss the ECONOMY! How are you feeling, coping, changMichael said Nov 22, 2008, 11:46 AM: |
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I'm so sick of reading the newspaper and seeing these headlines of “global recession possible” or “hard times all too evident.” This is absolutely stupid. It is such a sorry fact that if the media prints something enough times, say a thousand times a week, people buy in a believe it. They sit at home and accept it and talk about it and they have no idea what kind of economy we truly have, who is in charge of their money, and what they can do about it. |
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Let's discuss the ECONOMY! How are you feeling, coping, chang~KES said Nov 22, 2008, 11:58 AM: |
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Hi Michael, |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changJackie said Nov 22, 2008, 12:26 PM: |
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My husband and I are trying to live more simply. No cell phones, one car. I am hoping that once our debt is paid off we can start renting a place with a nice yard so I can garden for a good portion of our food. Gosh, I can't believe the prices in the stores, especially for veggies! |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changmita said Nov 22, 2008, 6:50 PM: |
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Hi Amber and Others |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, chang1Vector3 said Nov 22, 2008, 7:24 PM: |
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Hi mita, I was thinking of you as I posted and lo ! you posted simultaneously, to the minute !!! |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changJohn said Nov 22, 2008, 7:33 PM: |
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We have become consumerists more than merely consumers. We've relied on this religion of consumption. If a terrorist attacks, go shopping! Go to Disneyworld! That will solve all our problems. But we couldn't continue consuming the way we did, not if it would take the equivalent of five earths to sustain our way of life. It had to collapse. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, chang~KES said Nov 22, 2008, 9:11 PM: |
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Judi ~ Thanks for taking time to post and give recognition. I agree with you that we can all learn and are lucky to have Meenakshi at the helm of this site. She is unconditionally loving to Gaia. I look forward to both her and Amber leading the way for this group. Congratulations on your published book at Amazon Between The Worlds by you…I know from filmmaking that you have been through tons of economic lessons. Very well done! Jackie ~ You give such a perfect example of being a mom. The original derivation of the word economy in the dictionary goes with household and you prove it is great to do that as it is more economical. One can always use resources to start a workshop or write a book to gain whatever money you will need for this for futures. I love your children's pod and support that. You are a breath of fresh air bringing terrific ideas to this community. My advice…enjoy every moment of running a household and enjoying one of the highest artforms on earth… being a mom and awesome wife. Mita ~ Thanks for your website. I hope you do create the time to read this thread that Amber has created. Its actually quite good and I know others have been creating time to contribute to this group. Feel free to read and compare ideas to your writings. We would enjoy that. OM ~ Gaia Networking's mod is such a pleasure to team with always very validating and bringing the balance and intellect we need on Gaia. Thanks for what you do. I learn a lot! John ~ Thanks for posting. Great read. Money is an idea backed by confidence and its fun to get all of the different takes on the subject and how budgeting goes with economics to make a better world. Basically, I wanted to take a minute and thank everyone for keeping this post going and continuing and we look forward to everyone's viewpoint and how the subject of economy affects us, as well as suggesting some solutions. ~kes |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changAmber said Nov 22, 2008, 11:58 PM: |
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Yay! Good to be back on this thread… |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changMeenakshi said Nov 23, 2008, 4:37 AM: |
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Replying to thread to keep things in order; Amber, welcome back on your thread; with all those new insights! You really bring that fresh perspective from the inside. If we can keep sharing what's happening in our corner of the world, we'll get quicker and better insights than that of analysts on TV or even on Wall Street. On what's really impacting our life, and together, much of the world. I know it doesn't seem intellectual, but it's more intelligent to learn from life than from the words of doubtful experts. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changJackie said Nov 24, 2008, 8:18 AM: |
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Yes, less teenagers! Especially the tween crowd that is starting to over take the malls and store after store that cater just to that crowd. It seems we start kids out younger and younger, making them think they need to buy thing after thing to be in the cool crowd. This plays into John's comment about being “consumerists”. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changgina said Nov 23, 2008, 5:03 AM: |
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Amber, Micheal, and et al, |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, chang~KES said Nov 23, 2008, 5:48 AM: |
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Thanks Amber (I am grinning), Meenakshi and Gina for more insight and help in this area of survival. For weeks now, the newswires and TV stations had been declaiming about the forthcoming ‘Recession’ ‘Depression’. For awhile it seemed that the news anchors, talk show hosts and other rumormongers would prevail, and that eventually enough group agreement would mechanically occur to make these grisly predictions come true. Perhaps even you. Well, as it turns out, it’s not all true. It is all in attitude which we can individually change. True, I have no physical evidence to refute the apparent bad indicators, I could perhaps point to a recent event that the media advised us to fear, namely Bail Out of Wall Street, which was, as we know, the end of business not run economically too well, or at least handled in a criminal manner rather than applying the art of economics and conditions that utilize statistics to improve failures. It’s because (get ready for this) we can do something about it. And we usually do. People aren’t rocks. We do things. We make things better. And it is precisely when things do look bad that decent people like you and me look around and say “How do we fix this?” And then go ahead and do so. We grow organically here in Los Angeles and have been gardening for the past seven years and now showing the world the simple techniques via dvd and we recycle - turn off the lights when not in use and if we feel effect, we don’t watch the news much. It’s not that dangerous in the environment. One can spiral up and win once again… over and over. I agree that if the environment seems dangerous and we look around our areas and find things that aren’t threatening, if there really is some threat, we are prepared to confront it as “we the people” as I truly experienced in the recent election in that park in Chicago. |
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Re:Let's Discuss the ECONOMY: Here's something else . . .Keith said Nov 23, 2008, 12:19 PM: |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, chang~KES said Nov 24, 2008, 11:12 AM: |
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As you can imagine, this video came to me with several layers of people's opinions. I've stripped them out. The vid speaks for itself. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, chang~KES said Nov 24, 2008, 8:33 PM: |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, chang1Vector3 said Nov 25, 2008, 12:20 AM: |
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Thanks for the info. Gotta send permalink of this post to my Friend Susmita !!!! |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changJudi said Nov 25, 2008, 8:49 PM: |
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Hope this doesn't throw things out of sequence too much since I'm responding to ~Kes's response to my comments! Whoooo there's a lot of great stuff going on here! |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, chang~KES said Nov 25, 2008, 9:12 PM: |
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HI Judi ~ Thanks for sharing the dream. I look around my area and see that all of it was once a dream and we are continuously creating our new reality. What a terrific thread Amber has created to help with being the change. There is nothing out of sequence that you have posted and the admin is doing a great job helping keep this topic moving forward. Hi readers ~
Global climate change is a complex subject with many factors to it. I've been reading the various articles posted on the 'net “proving” how it's all a hoax or it is not manmade, etc. The problem with each of these articles is that, regardless of how “scientific” they may appear, they omit important data which ends up skewing the result. It helps if one knows both the data series and enough about environmental science and related topics (oceanography, climatology, studies of ice and water, etc) to be able to evaluate the data. If one does not have at least fundamental understanding of these subjects, it is easy to be fooled by impressive charts and scientific jargon. One could examine who has the greatest interest in forwarding propaganda on the subject (who stands to make the most profit, gain the most power, etc), but that might not tell you the truth for sure either. It is important to have some context on this subject in order to fully understand it. A man named James Lovelock forwarded a theory of ecology in the 60s called the “Gaia Theory.” In a nutshell, he said we have to look at the Earth as an interdependent, organic whole organism if we really want to understand its operations. Like a human body, though there may be seperate organs, they all work together to make the body work. Thus, if one organ is affected, it can affect other parts of the body as well. If one strengthens the liver, one's skin may become more healthy. If one's lungs are weak, this can put more strain on teh heart, etc. If a vital organ fails, such as the heart or the liver, this can cause massive failure and death. If more than one organ is attacked or fails simultaneously, death is exponentially more likely (lung and heart failure both, for instance). This is also true of ecosystems. They may be able to withstand a blow in one area, such as a heavy drought, but if there is also a significant temperature change, pest infestation, or other stressor, this could be enough to shut down a significant part of the system, resulting in what environmentalists call “desertification.” (creating environmental conditions that make it difficult for any life to survive). Lovelock's Gaia Theory is widely accepted by scientists who have found that it explains many hitherto not understood phenomena. When a single datum aligns many other datums, we call that a “fundamental.” Most global climate change naysayers do not take the whole organism into account when they forward their theory. For instance, there is an ocean conveyer belt system that warms up Europe, that, paradoxically, is shutting down because of ice melt in Greenland, which could send Europe into a mini ice age while Greenland and the pole are melting! Google “ocean conveyer belt” for more info on this. Some of these articles talk about natural cycles, but omit that the CO 2 levels are significantly higher than they have been in any “natural cycle” for the past 650,000 years. Thus, this is an unpredicted anomaly outside the scope of any known previous natural cycle for that number of years. We do not even have a prediction on what effects will be created, because we don't have clear cut weather patterns, temperature, etc, to compare to CO 2 levels as high as they are today. And they are still rising. There are a number of similar key omissions these articles overlook, that they would not so likely miss if they were looking at the “big picture” - at how all systems interrelate and affect each other. When the balance goes out, these systems create a “positive feedback” vector in which they feed each other's imbalances and increase them. Earth Org has quotes on the environment regarding this point and several articles from people around the world on creating a sustainable or permaculture or organic type environment.. Also your local library constantly keeps updated with new “how to's”. Because of this interdependency, global climate change is far from the only thing we have to worry about. Deforestation creates conditions for desertification which creates conditions for more CO 2, which encourages ocean dead zones, which in turn increase CO 2 (since oceans absorb CO 2 when they are live), etc, etc, etc. This web site includes some articles and a free downloadable book on tehe subject of the Gaia Theory as it relates to environmental handlings. This data has been pretty suppressed and not taught in schools, etc (at least it wasn't when I went). http://www.ratical.org/LifeWeb/ This scenario is why it is important to come up with environmental solutions that address the problem as a whole, not just the individual parts. Scientists today tend to become so specialized, it is difficult for them to even look up and see who else is in the room! Many of them have a very hard time thinking outside the box and actually seeing the entire system - they can only see their “part” of it, like blind men feeling an elephant. So that is an important point to keep in mind as you read about teh subject. Look for the people who can think with data across a broad spectrum and actually have the products to prove it. There ARE solutions and answers. It is not all black. Planets have been through far worse and survived and recovered. There are handlings that each of us can do to reduce personal waste and pollution. There are some very positive handlings being implemented by large organizations who want to take responsibility for the environment. It is not just climate change. We are simply out exchange with the dynamic of living things - taking far more than what we give back, and that is not a sustainable way to live. Culture who live with that type of criminal exchange invariably succumb, sooner or later. For people who are having trouble sorting out truth from fiction on the confusing and technical subject of global climate change, this is a more basic truth that can open a door to a handling for those individuals interested. If you are interested in finding out more data about how to get your exchange fully in on this dynamic or urge/impulse for survival, write me. Post some imagery on creating and being economical here which does include in the exchange mix… housing, banking and money know-how. This is helping all of us know to grow and change for creating a good future. ML, Kathy |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changAmber said Nov 26, 2008, 1:16 AM: |
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Wow! Kathy you dumped alot of information on both your blog today and what you wrote above! I read thru your blog and now know we have three things hampering our ability to study the economy… |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changAmazume said Nov 29, 2008, 1:23 AM: |
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Wow, what a thread! Meaningful discussion. Have spent a few nights reading it, as there is so much content shared. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changAmazume said Nov 29, 2008, 2:02 AM: |
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On how to improve the economy, serving EVERYONE's best interest: |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changMeenakshi said Nov 29, 2008, 3:35 AM: |
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Thanks for the links, Amazume. This is very telling: |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changAmber said Dec 1, 2008, 12:32 AM: |
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Yay, Nell! I'm a new Carrotmobber! You know what I LOVED about the Carrotmob video even more then the fact that it WORKED?! I loved knowing there are some very smart, innovative, people out there actually DOING SOMETHING! AND I could join! I can't wait to see what they will think of next! |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changgina said Dec 1, 2008, 2:00 AM: |
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Amber, |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, chang~KES said Dec 1, 2008, 4:45 AM: |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changAmber said Dec 1, 2008, 11:17 AM: |
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YES! |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changgina said Dec 2, 2008, 2:18 AM: |
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Amber, |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changLou said Dec 2, 2008, 1:12 PM: |
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AMBER, Millions of homeowners owe more on their mortgage than their house is worth. Foreclosures are getting out of hand. House prices continue to fall. But this can stop. We need to focus AMBER; focus on this very real problem immediately. I'm starting to have doubts about this Henry Paulson BAILOUT PLAN. Instead of bailing out banks, we should have the government offer to buy any mortgage for 40 cents on the dollar; and refinance all good mortgages at 5%, at 30-year fixed financing. Henry Paulson trying to “re-capitalize banks” is complete non-sense. The Citibank bailout is not a good sign of confidence. Re-capitalization of banks is only good for giving Citibank “breathing room”, that's all. The way to solve the problem is from the bottom up. Otherwise, more people are going to lose their homes to foreclosure. All the best AMBER, Lou |
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Let's discuss the ECONOMY! The Great Crash of 2008Keith said Dec 2, 2008, 1:24 PM: |
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… Dr Reich concludes his post with a warning about how long the recovery will be … The speculative bubble still has some air in it; asset values will continue to drop before they hit bottom. That will take at least a year, possibly two. But don't expect asset values to bounce substantially back, even then. The only way to revive Wall Street is to revive Main Street, and the only way to accomplish this is to get America back on the course of rising median incomes. We all knew this, I'm sure. It's just nice to have one of the major talking heads acknowledging it. — [mod note- title “Let's discuss the ECONOMY! ” added - meenakshi 2 dec 08] |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changKeith said Dec 2, 2008, 2:17 PM: |
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I would agree. The bailout plan as it is now will only save those at the very top. It does nothing for 'Main Street'. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changAmber said Dec 3, 2008, 12:34 AM: |
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Hey there Lou! |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, chang~KES said Dec 3, 2008, 1:06 AM: |
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Hi all, I just wanted to add this idea to the mix and found the youTube interesting. - COMPRESSED AIR ENGINE - This is a compressed air car engine: compressed air car http://www.youtube.com/watch?v=ztFDqcu8oJ4&eurl=http://profile.myspace.com/index.cfm?fuseaction=user.viewProfile&friendID=350075&feature=player_embedded We cannot sit on this information for very long. This man is taking huge risks by getting this created and widespread. We can help him out by reposting this to others. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changAmber said Dec 3, 2008, 1:56 AM: |
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I'm SOOOOOOO glad you brought this to our attention, Kathy! I'd seen a similar email or video before but had forgotten all about it! Isn't it amazing?! |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changMichael said Dec 3, 2008, 2:01 AM: |
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1. A total commitment to PERMACULTURE IS THE ONLY way forward to sustainable production of food, to fill the mouths of ALL souls on earth, IF we are to avoid the road to disaster. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changgina said Dec 3, 2008, 3:03 AM: |
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Lou, Amber, Kathy, et al: |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changdebyemm said Dec 3, 2008, 12:06 PM: |
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While not minimizing the seriousness of the current economic situation and while admitting that our business has tightened up our credit policy and continues to work actively to bring in open account payments. While we do consider the future and try not to go overboard with our spending this year for Christmas and other things, it is my belief and it is only that, that once the new president comes in, so will an increase in optimism. I think as Franklin Roosevelt said “we have nothing to fear but fear itself”, yet if we let our fears get the best of us, we will project those fears onto our future. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changKeith said Dec 3, 2008, 1:20 PM: |
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Interesting Deb that … I'd considered the same thing! If our economic activity is grounded on “faith” and “confidence” … then an Obama administration should give us all a much-needed shot in the arm!!! |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changLou said Dec 3, 2008, 12:39 PM: |
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Today Obama signaled that he wants to use a significant portion of the $700 billion BAILOUT to help stop foreclosures by helping struggling homeowners with their mortgages.”The deteriorating assets in the financial markets are rooted in the deterioration of people being able to pay their mortgages and stay in their homes,” –Barack Obama (12/03/08) Obama's idea is totally opposite to Henry Paulson's, who resisted proposals to use the $700 billion BAILOUT to help guarantee reworked mortgages. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changAmber said Dec 3, 2008, 9:47 PM: |
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Hello all! What can we overcome if we put our minds to it? What would a great sense of humor and the ability to laugh when all seems to be hopeless change in our lives for the better? What would a simple smile on our face and kindness and love in our hearts do to attract love and kindness into our lives? I believe it would do much to alleviate the suffering and worry we all experience. So smile for me and for you! Amber Smilemaker |
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Re: Let's discuss the ECONOMY! How are you feeling?Lou said Dec 4, 2008, 2:30 PM: |
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Can we overcome it if we put our minds to it? |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changMichael said Dec 4, 2008, 1:07 AM: |
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What can we overcome if we put our minds to it? |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changMichael said Dec 5, 2008, 9:34 AM: |
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You cannot change the inevitable… |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, chang1Vector3 said Dec 4, 2008, 3:19 PM: |
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Just gotta respectfully disagree, Lou. Increasing the government intervention is like adding more chains to someone struggling to walk and live already in shackles of government intervention. Except the effects of the shackles are far less obvious than real shackles on a person's body……. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changLou said Dec 8, 2008, 11:24 AM: |
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With all due respect, you make it sound too complicated. Yet, it’s very simple. Let’s share the Wealth. Europe shares a good economic model. Here in America, we tend to make fun of Western Europe which may have ended up with more unemployment with a little more equality. When people have higher wages, people aren’t poor, they get to eat, they get to live a better life and have a social safety net. Mark my words, I will set this very simple test for the Obama presidency:“I expect nothing less than what he said he was going to do, and we should hold him accountable.”All the best,Lou Who's is HIM? |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, chang~KES said Dec 4, 2008, 10:52 PM: |
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![]() We can as individuals understand economics. To bring about economics, a being must be led to believe he needs more than he can himself produce and must be restrained from consuming his own production. After that, one has economics, a society and rules, laws, governments and huge industrial combines. Economics are as simple as they are not obscured and as confused as they are made to serve a selfish purpose. Any child can understand—and practice—the basic principles of economics. But grown men, huge with the stature of government or chain banks, find it very useful to obscure the subject beyond all comprehension. Any group of children will soon work out a practical economic system. Recently children in a park in Russia became the subject of government horror by developing a barter system, exchanging toys for toys. So if you are confused by “economic statements” by a few chosen mouthpieces of the intended few who will be the State, realize it is not the subject itself but the intentional misuse of the subject which is causing the trouble. Since all roads—capitalism, socialism, communism—all lead to the same total ownership, none of them is in actual fact in conflict. Only those several groups who each want to own everything are in conflict—and none of them is worthy of support. The perfect citizen (from a suppressive governmental viewpoint) is one who demands nothing and produces everything and even surrenders her own body on demand—the ideal citizen; the perfect factory worker; the complete soldier; the praised comrade. Let us take the simple matter of a poor cow. The cow produces milk, more cows and even meat. By being a producing animal, the cow is made to surrender the lot. She does not need her own milk, cannot use her calves and is also made to surrender her own body for meat. In return she gets a sloppy barnyard, a thistle pasture, barking dogs and abuse. Sentient or not, intelligent or stupid, the cow yet sets us a fine example of the perfect citizen of the state. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changSherrilene said Dec 4, 2008, 11:20 PM: |
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Kathy, |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changSherrilene said Dec 5, 2008, 5:27 AM: |
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Dave, it's a valid question. And the major point - and one for all of us here in the 'changing the world' business. Do we really believe it is possible to influence economy as it is…? |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, chang~KES said Dec 5, 2008, 6:11 AM: |
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Dave, ”I guess I do have one question… do you honestly believe the 2 1/2 percent, those who are playing the global economy game… as well as the bilions of people who aspire to … the capital ideal… will truly transform themselves, and balance consumption with need rather than want?” I did not say that only 2 1/2 percent are playing the global economy game. Every one is on the planet. Every man, woman and child. And I did not say self economy. I am talking economics for everyone not just self. Billions are not aspired to… they are in the game… including you. Money is simply a symbol that people are confident can be converted to goods. Where life has become rough and is failing, a careful review of the area by a trained observer will detect one or more such personalities at work. As there are 80 percent of us trying to get along, and only 20 percent trying to prevent us, our lives would be much easier to live were we well informed as to the exact manifestations of such a personality. Thus, we could detect it and save ourselves much failure and heartbreak. Only about 2-1/2% of the 20 percent are the ones I am talking about. That is a very small percentage… like about 1 in 40 putting out chaos to the masses where 20% only are deeply affected by those that are the true merchants of chaos. Those 20% are pretty much labeled middle class or bourgeois. Nine-tenths of life are economic. The remaining one-tenth is social-political. If there is a fruitful source of suppression loose upon the world and if it makes people unhappy, then it is a legitimate field for comment which we are doing on this thread in coming up with workable solutions for survival with the current bail out, mortgage crisis and car industry news we are all aware of; and to help make it known what truly can be done by each individual. It can be a bit misunderstood and I guess we can all agree that the world is going to hell in a handbag, but that is just not me when I know that something can be done about it. How does the over inflated economy bubble deflate gracefully.. versus burst like every other over inflated bubble has for years The way we do this gracefully is by applying ethics and justice actions and correct conditions to make the existing scene become the ideal scene. I haven't posted that. I am on the part of getting others to see first what is causing the problem as the solution is always in the problem. Read all of my threads here to catch up and I know that will help. What you are observing, apparently, in our modern world, is an obscuring of actual economics to the somewhat ignoble end of taking everything away from everyone but the State. The State can then be a chosen few who own all. Capitalism, communism and socialism all wind up with man in the same situation—owned body and soul by the State. So if you are confused by “economic statements” by a few chosen mouthpieces of the intended few who will be the State, realize it is not the subject itself but the intentional misuse of the subject which is causing the trouble. Since all roads—capitalism, socialism, communism—all lead to the same total ownership, none of them is in actual fact in conflict. Only those several groups who each want to own everything are in conflict—and none of them is worthy of support. I don't know what Canada is doing on economics. What do you suggest the US and its individuals do as a solution? Thanks, Kathy |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changMeenakshi said Dec 5, 2008, 6:47 AM: |
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This is really a great thread; showing how much energy flows into economy. To me, money and the economy has always been about flow. If we can just get into that flow of abundance, we can have what we require… |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changSherrilene said Dec 6, 2008, 1:01 AM: |
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Meenakshi, much of what you said rings true in my space as well. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changMarkPropper said Dec 5, 2008, 10:37 AM: |
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I think the American Economic meltdown is fantastic, much earned, and much deserved. As a society, We have collectively earned this problem as a result of our combined community effort of self-serving vanity and hubris. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, chang~KES said Dec 5, 2008, 3:01 PM: |
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Thank you for posting MarkPropper ! I have been trained to not go past words i don't understand, so in looking up words from your insightful wisdom-filled response I can attest you grasp this subject and have solutions that are simple to apply. “CAFE” Standard means “Corporate Average Fuel Economy”. In the laboratory for Energy and Environment at MIT, I enjoyed this article. to help me with the concept and a bit of related in the mechanical engineering website overview, put together by a professor also makes sense. Here is a speech of the history of economics at their school. While this nonsensical “axis of evil” rhetoric spews from Bush’s mouth, doing nothing but angering other potential terrorists, the article Turning from the Axis has a good read. The Big Pharma industry has an exact point where they entered the banking system and there is a huge change in the economic system and they use nothing but marketing skills and false labeling to put the average person in fear. The ask your doctors ads that are epidemic on tv are not a joke. Most people are waking up to this scam and hopefully before its too late. Many thanks for your tough love approach and for sharing what you are doing to make things go right. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changSherrilene said Dec 5, 2008, 4:27 PM: |
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Mark, you're a cool guy. Like we say in the Caribbean 'Nuff respect!' |
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Economists appraise Bhutan's happiness modelKeith said Dec 5, 2008, 7:17 PM: |
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Economists appraise Bhutan's happiness model(12-04) 04:00 PST Thimphu, Bhutan – In the thick of a global financial crisis, many economists have come to this Himalayan kingdom to study a unique economic policy called Gross National Happiness, based on Buddhist principles. Read the rest of the article … Here |
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Re: Economists appraise Bhutan's happiness modelSherrilene said Dec 5, 2008, 11:42 PM: |
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Yayyyy!! I consider Bhutan to be an outstanding example of alternatives available in economy… where there is political will. |
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Re: Economists appraise Bhutan's happiness modelKeith said Dec 6, 2008, 9:12 AM: |
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Post away Sheri!!!! |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changAmber said Dec 5, 2008, 9:12 PM: |
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Hello All! |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changgina said Dec 6, 2008, 3:02 AM: |
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Mark, Amber, Kathy et al, |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changmita said Dec 6, 2008, 10:07 AM: |
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First there is a huge gap in what is being taught in economics or financial manaement circles is world's apart from the actual source of the problem. So a correct diagnosis is to be made who are not within the BOX and can make a proper diagnosis rather than patching up symptoms with band aids so to speak. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changLou said Dec 9, 2008, 8:46 PM: |
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Let’s all become part of the solution than part of the problem. Let’s begin with understanding the problem first. The pro-business, balanced-budget economics of the Clinton years isn’t going to work in 2008 Today’s world is a world of income inequality and stagnent wages. A Quote from Obama’s book “The Audacity of Hope” “The ideals at the core of the American experience, and the values that bind us together despite our differences, remain alive in the hearts and minds of most Americans… I offer personal reflections on those values and ideals that have led me to public life, and my own best assessment of the ways we can ground our politics in the notion of a common good.” —Barack Obama We need to tap into that restless, nervous energy called INDIVIDUALISM working for GOOD is the story of America. lou |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, chang~KES said Dec 6, 2008, 10:48 AM: |
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I want to thank Keith for bringing the Bhutan's happiness model on Economics. I look forward to reading more and helping forward this. Of course we need gross national happiness. (or gross world happiness). This is another solution that will help every nation. I look forward to reading Bhutan 2020: A Vision for peace, prosperity and Happiness. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changSherrilene said Dec 6, 2008, 8:38 PM: |
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Kathy, yes. Basic, decent, sincere conversation is incredible in sensitising persons, then the ball's a rolling! |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, chang~KES said Dec 8, 2008, 4:56 AM: |
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Thanks for discussing this in the Feature Member thread where we get to read more contributions and cross post enlightenment on the economy around the world. I feel so much more relaxed talking about this subject and receiving more solutions to a higher quality of life. Meeting you is a gift sharing the freedom to observe and find other avenues to address our own economical scene. _____________________________________________________ Playing for Change interview with Bill Moyers has an amazing solution for musicians. There were so many people that went to the website after this they had to take it down and expand the server space. Now it is finally up so I blogged it as well. Mark Johnson is the co-director of a remarkable documentary about the simple but transformative power of music: PLAYING FOR CHANGE: PEACE THROUGH MUSIC. MARK JOHNSON: Well I think music is the one thing that opens the door to bringing people to a place where they are all connected. It is easy to connect to the world through music, you know. Religion, politics, a lot of those things they seem to divide everybody… BILL MOYERS: The film brings together musicians from around the world - from blues singers in a waterlogged New Orleans, to chamber groups in Moscow and a South African choir - they celebrate songs familiar and new, to touch something common in each of us. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changMarkPropper said Dec 8, 2008, 1:57 PM: |
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Sherriline, ~KES, Gina, Mita, and everyone, The key to curbing America's ever-growing appetite for petroleum isn't more fuel-efficient vehicles or high gasoline taxes or huge surcharges on gas-guzzling models. It's all of those measures and more – carefully combined into a self-reinforcing set of policies that affects everyone who makes, buys or uses vehicles and fuels. (Nancy Stauffer, http://web.mit.edu/newsoffice/2004/vehicles.html) I tried finding a biography on Nancy Stauffer but was unable. She is, in fact, a writer at MIT. I think it is our jobs as users of petroleum to put ourselves on diets. It is our jobs as consumers to steer production by making it adapt to our needs and values. It is our jobs as citizens to elect people who reflect our values as consumers and ethicists beyond those that are over marketed: gun control, abortion, death penalty, gay marriage, etc. How far in 13 years of the Internet age has your computer advanced? How much have cars advanced , in relationship to fuel economy, in the past 100 (Happy Birth Year, Model T)? About this Much: Automobiles still use the same internal combustion engine on which the Model T depended almost 100 years ago. And while the Model T boasted 25 MPG in 1908, average car mileage for 2004 according to the EPA was only 20.8 MPG! ~Fred Burks, http://www.wanttoknow.info/050711carmileageaveragempg And since 2004: The Environmental Protection Agency reported that the average performance of new, 2008 model cars and trucks was 20.8 miles per gallon in 2008, up 0.2 mpg compared with 2007 model year and a 1.5-mpg increase since 2004. (I don't see the increase.) http://www.cbsnews.com/stories/2008/09/19/tech/livinggreen/main4462093.shtmlThis chart is much more positive: This chart shows the “harmonic average” of newly manufactured passenger cars to be roughly 31 mpg. The disturbing trend is that the CAFE standards haven't been raised from 27.5 mpg since 1985. So the government pressure for more environmentally friendly cars hasn't increased since the Reagan era. I'm really glad the computer industry has responded to our need to talk on our cell phones, watch telivision and play Nintendo as we drive blindly and tow the dead horse carcass, that is the auto industry, into this future. It's the 21st century! I didn't get my flying car! And woe, I didn't get a fuel efficient one either! I think it is an outrage and self inflicted insult that there hasn't been a drastic increased in fuel efficiency in 100 years. We've behaved with petrolium like an infant with free access to the sugar jar, consuming madly with no conscience of how it will effect us. My biggest fear is the steep decline in oil prices that will produce a steep incline in world wide complacence. I don't know how gas prices drop to more than 50% of their peak in less than a year. I always felt a market correction has been in order since it hit 3 dollars. I feel we're experiencing the opposite of the steep increase as driven by the futures markets. Oil was a hedge against the falling dollar. Now that the markets have disintegrated, oil has fallen with it reheralding the age of nearly free fossil fuels. This is the time to seize for new technology. The price of shipping is in the dust bin making distribution much less expensive and cheaper to produce. I wish I had the capital. But who has the capital? Where are the small businesses that are supposed to fix these problems, rise up in times of economic despair, and lay the groundwork for the future going to come from? The average household income has plummeted since the 80's when compared to inflation. We have no extra capital, which is debt ridden, and time deficient. I'm only able to blog right now because I'm unemployed. We work far more in a richer society than the Europeans who have a culture that allows you to live your life and governments that are more socially beneficial. If we're richer collectively shouldn't we be allowed to live our lives and have a more beneficial society? Shouldn't well-being and liberty be the way we flaunt our incredible GNP? This is where we can finally hear the curse we live under spoken so loud we can't hear it. Class Warfare. If money is power, then the lack of money is the lack of power. Bailouts are worse than just creating welfare assisted companies and corporations we have to feed every time the natural cycle of capitalism goes full circle. it is a reassignment of the wealth in our country back to the top of the pyramid to be allowed to “trickle down”. Trickle down, that is, until the immense clouds of capital have dissipated into nothing by way of wrongful, careless, and unethical business dealings or mistakes made by a tiny upper class that employs it's lower classes it's janitors and contributors. They paid a lot of money for the government they want, in payments called campaign contributions, and, be damned to all, they are going to get their money's worth. And we are not. And so, the money and the power are redistributed into the faulty and brutal hands of the same lechers and culture who created the problems American debt is somehow supposed to solve. The money and the power, intertwined and inseparable, are held by power and money. So I am sorry, Gina, that you are having such problems economically. Looking at the past eight years, America has been waging war against itself and voting for the opposing general to rule them, but what can any of us do? Besides “vote”? I've come to approach living in America like living in a third world African country. You live here, you do what your supposed to, but misfortune still befalls you due to the environmental factors. The environmental factors are the actions of your neighbors and leaders and the effects of those behaviors. When you live in a conflict ridden African nation and you don't want your family to get raped and butchered, what do you do? You get the heck out of dodge. Why? Because the culture's will to commit these acts outweighs the cultural will to oppose it, most likely for socio-economic reasons. Most likely because big fish eat little fish and so an individual's pressure to become a big fish creates a situation where a little rape and pillage is worth the extra handful of foreign aid rice. In America, there are really big fish and a lot of really small fish. We are more civil that the war torn lands of Africa but none more socially just. Our economic system is our weapon of choice. The attainment of money is the pathway to bigger fish-hood and power (social mobility). In Somalia, in order to join the fight for power all you need to do is pick up a gun. In America, you buy stocks. Either way, the conflicts are risky and out of your control, unless you've already won, where you either sit in a chair as a warlord, C.E.O., or any other high position of power that protects you from the environments you create. Let it be known that I do prefer the American system. Yes, we are in full blown class war against ourselves, but at least the war is legislated and can be legislated for the greater good bloodlessly. But I can't help but wonder who I will be trying to legislate this with, what are their agendas, and what are they made of, especially with the high percentage of socio-paths among successful people and those that have cultured themselves with: By definition these people are at least temporarily very successful in society. They achieve their success by socially unacceptable means and at the expense of the community and its citizens. http://www.uow.edu.au/arts/sts/bmartin/dissent/documents/health/sociopathy.html Separation of church and state = good, even if it is my church. So I think about leaving America or joining a commune if things in the collective conscious of this society don't improve. I am researching countries (Sweden seems nice). The commune path seems much less realistic. The commune would have a leader and I would have to question what that leader's intentions of rulership lie. I'm not shaving my head for anyone. Little Fish, Mark Propper P.S. Thanks for input and support, all! Blessings. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, chang~KES said Dec 9, 2008, 10:26 PM: |
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When considering economic development, policymakers here take into account respect for all living things, nature, community participation and the need for balance between work, sleep and reflection or meditation. “Happiness is very serious business,” Bhutan Prime Minister Jigme Thinley said. “The dogma of limitless productivity and growth in a finite world is unsustainable and unfair for future generations.” Read the remainder of the article … Here I want to thank you for putting up this post for everyone. I cross posted this to “Let’s discuss the ECONOMY”……….. on Gaia Networking for others to share. {BREATHING….AHHHH] |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, chang~KES said Dec 10, 2008, 12:37 AM: |
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Obama team seeks your input. Borrowing a community organizing technique, the incoming administration is asking Americans to host meetings to come up with ideas. They'll send discussion packets to anyone who signs up. http://change.gov/ I joined a group today to help for starters but you can join any of the areas that interest you and make a difference as one people creating action now for economic recovery plans rebuilding the new ways. Remarks of President-elect Barack Obama Radio Address on the Economy with new speeches each day on economics: “Today we begin in earnest the work of making sure that the world we leave our children is just a little bit better than the one we inhabit today.” President-elect Barack Obama
Thanks for listening http://www.youtube.com/watch?v=iGpIT2bVZDw |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changMarkPropper said Dec 12, 2008, 12:29 PM: |
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O.K.. I wanted to avoid it because it seemed off point. G.N.H. Gross National Happiness is an interesting ideal. I can agree with some of the points of it's philosophy. http://www.hrw.org/en/reports/2007/05/16/last-hope This article has a good overview of Bhutanese culture: Country profile Off Bhutan again. What is the social need for an economy? I would say the social need for an economy is to provide a group a system of trade that makes available goods and services. The Church of the Sub-Genius has a world view based on “Slack”. Slack being the measure of ones ability to do what they feel makes them happy. Blessings, MP |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changSherrilene said Dec 14, 2008, 7:26 AM: |
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Hi Mark |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changSherrilene said Dec 14, 2008, 8:11 AM: |
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Take my hand Dave… |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changAmber said Dec 12, 2008, 11:44 PM: |
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Hey there Mark! |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changMeenakshi said Dec 13, 2008, 1:04 AM: |
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Amber, that is an inspiring idea; and sounds pretty wonderful to me! Like having your own dorm room. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changAmber said Dec 14, 2008, 4:57 PM: |
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{{{giggle}}} I think I'll leave out some of the 60's ideals while I'm 'reinventing' Andrew! I promised myself I wouldn't do the drugs until I was in my 90's as they will be legal by then and I won't have as much life to mess up by getting hooked on them! LOL |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changMeenakshi said Dec 14, 2008, 6:46 PM: |
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Amber, that IS the way things work, I have heard time and again. That people get laid off close to retirement, even when there hasn't been a recession; though of course that has made it worse. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changMeenakshi said Dec 14, 2008, 7:30 PM: |
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DAve, right! “That IS the way things (reality) do not work…” |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changAmber said Dec 15, 2008, 1:26 AM: |
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Sometimes I feel as though we (the world's population) are a lion in a circus ring… and the few that govern us have a four legged stool they are using to confuse us on which point to attack… so we do nothing. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, chang~KES said Dec 15, 2008, 2:26 AM: |
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This is the trailer that goes with the food forest and the Food Forest This is the website that goes with this http://permaculture.org.au/ Here is an article about three different kinds of worm farms, including one that makes a very attractive garden bench.www.mitra.biz/howto_wormfarm.htm And another video to watch is made by a New Zealand enterprise. It explains the concept of a worm farm very well, from the level of a home garden to a commercial business. It's very simple to build a basic compost toilet, and if properly cared for, they are odorless. www.youtube.com/watch?v=coj7oumY3TY&feature=related |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changgina said Dec 15, 2008, 3:18 AM: |
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If I may speak off the beaten path here. This is from a simple minded person, again yet experience in some of the industries that have been affected in these times. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changSherrilene said Dec 15, 2008, 12:55 PM: |
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Well, after reading Gina's post, I don't any more responsibility whatsoever for 'fixing' the s*it that is out there! |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changAmber said Dec 15, 2008, 2:43 AM: |
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Oh GRANDNESS, Kathy! I wonder if we could start a post with solutions only as the title? I can't wait to read on peecycling as I've been sort of doing that lately! LOL |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, chang~KES said Dec 15, 2008, 10:53 AM: |
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![]() Tis' the season to DISAGREE! It is possible to change. It is possible to start something new in this economy. Just for the holidays, let's see if we can come up with more happiness. I posted a song below that makes me happy and invincible toward what I do to the economy just to start a flow. Disagree with the cold weather! Disagree with the concept that “There's no TIME left!” Disagree with the “learned opinions” of CNN, NBC, CBS and FOX News! Disagree with the consideration that the days in the sun are over! Au CONTRAIRE! They are just beginning! And if you are an artist/celebrity, or know or admire one… Or just if you enjoy the arts and want to be part of a civilisation that is going up towards AESTHETICS… It's time to disagree BIG TIME with the big game of making the economy work 'round the globe! The next Gross National Happiness campaign to work on is right here on the web…let's take some awesome things that can make a happy holiday and list some ideal concepts! And for those of us in Gaia Networking this is the place to be to help usher in a new Renaissance by supporting the workable ways to bring about happiness! How can you turn that down? AGREE TO DISAGREE! It's the true spirit of the holidays! This is one of the theme songs that I chose to start with and dedicate this to Gaia from my point of view. Happy Holidays, Kathy:
You Are The Reason ~by Bonnie Ste. Croix If you could take silence and make it be words If you could take children and let them be heard If you could take war and let it be peace The sun would rise on a world that's free.
If you could take shame and let it be pride If you could shine light on the places you hide If you could bring soldiers back to their lover's arms The sun would rise on a peaceful morn.
If you could take Earth and heal all her wounds And know every small step is gonna help it come true If you could see beauty in everyone's eyes Then you are the reason for the sun to rise
If we could begin, think of how it would feel To slow down the pace now, and let yourself heal To love that there's difference, to love that there's same One by one in the world now, we'll make it change, we'll make it change
If you could take Earth, and heal all her wounds And know every small step is gonna help it come true If you could see beauty in everyone's eyes Then you are the reason for the sun to rise Yes, you are the reason for the sun to rise You are the reason for the sun to rise. BE THE REASON. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changSherrilene said Dec 15, 2008, 12:51 PM: |
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Oh! |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changRalph said Dec 15, 2008, 2:46 PM: |
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Kath, This song is just brilliant and very positive in a world gone completely wild. Great vocalist too! Thanks for posting this, Ralph
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changSherrilene said Dec 15, 2008, 1:59 PM: |
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Found this interesting article about happiness in different countries. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changwaterheart said Dec 16, 2008, 6:07 PM: |
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Well, right now it's freezing cold… but you are right paradise exists in the natural world, the big cities and other man made areas are creating trash, bad air, crime…hey we know this, how to make it better is the question… and decentralising and giving the power to small communities to take care of themselves might be a way. Out here there are thousands of acres of forest and only a handful of people… no social life, unless you drive a while. But the small towns take care of themselves, their Banks are fine, there are jobs and the little markets are stocked and reasonable, when you walk in somewhere they know who you are. I needed no I.D. to vote, they knew me……….. I am blessed and in gratitude… |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changAmber said Dec 17, 2008, 12:03 AM: |
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Waterheart, |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changAmber said Dec 17, 2008, 1:00 AM: |
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Sherrilene, Happiness Is Taking Pride In Who You Are. I take pride in being a valuable employee and when I perceive that I am not living up to my potential, I am not happy and my outlook on life and the economy is dismal at best. The only way to change dismal back to happy is to take the actions which make me a valuable employee no matter how uncomfortable those actions may be at first.Only 15 more days until the New Year… I can see the light at the end of the tunnel! Smiles! amber |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changgina said Dec 17, 2008, 4:46 AM: |
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Amber and Ralph, |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changwaterheart said Dec 17, 2008, 8:43 AM: |
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Andrew your disco description is ….like you might have had that experience?… I find that a good book can transport me, good company is cherished, and as for peace and quiet… there is more than I can handle and I have been known to crank up the PA outside so it sounds like a band playing… no neighbours to complain … haha. Know that you are welcome……………………………. Amber, funny that you talked about doing a great job to validate your self worth… that's what happened here. I built the place as an art project for me; like live art, everything from the ground up, it was immense and days I wondered if I had it in me, other days were brilliant (usually when a stage was complete).. But to have done it gave me the confidence to do more. So I am still growing it… and this thread has made me think… now I have this place… a live classroom… you are firing me… thanks for the nudge, I am watching this economy and who knows… keep your head up and best wishes with your communal living…………………….. Gina, yes once we give up the addiction of TV and game-boys etal, we can be in real life more efficiently… It takes a while to haul dead trees out of the forest cut them to length and then split them and then stack it… I use 4 or 5 cords every winter… Seasonal preparation is intense and we have 4 seasons… every year, I mean soon one can just be totally involved in living life… and TV is a distant memory. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, chang~KES said Dec 18, 2008, 1:59 AM: |
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gina said 15 minutes ago:
I would like to pose this question to all of you. I could not find a way yet to post it in the question and answer segment of gaia. Seeing that the economy is significantly flattened except for the lower gas prices. Can anyone here tell me why the only thing that is “right” right now are the gas prices. Why all of a sudden did they drop significantly? Does that make any sense when the auto makers and the banks are going under, the only thing that is remaining a float are the lower gas prices. The more I think about it, the more, I think something is a miss. Please don't get me wrong, the lower gas prices are great, but why in one day, there was a significant drop? Can anyone explain this?
{mod put back in a sequence on this thread]
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Re: Let's discuss the ECONOMY! How are you feeling, coping, chang~KES said Dec 18, 2008, 2:13 AM: |
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Oil prices have fallen by more than half from $147 a barrel because of lower demand due to tough economic times a 53-cent drop in gas prices over the last two weeks has set another record, and the publisher of a national survey predicted Sunday that prices will continue to decline – but at a slower pace. |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, chang~KES said Dec 18, 2008, 2:00 AM: |
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Is it possible to be happy? One’s attitude towards life make every possible difference in one’s living. Sometimes it needs to be pointed out again–that life doesn’t change so much as you. ~k |
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Re: Let's discuss the ECONOMY! How are you feeling, coping, changAmber said Dec 22, 2008, 10:12 PM: |
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Hello Gaia Networking Members! |
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Help












Here is the link to the Gross National Happiness website.
If we could only model happiness perhaps one day everyone would actually feel it!
Gross National Happiness???!!!!
OMG, one of my early blogs, I asked (mused really, lol)…about how come a Nation wasn’t recognized by how happy its people are…for there is the real Greatness of a Nation! The Contentment of the People! =)
Fantabulous blog, very nice to see it is REALITY!!!
Muahhhs~~<3
Gross National Happiness is an approach to development unique to Bhutan. While conventional development stresses economic growth as the ultimate objective, GNH is based on the premise that true development takes place only when material and spiritual development occur side by side. For GNH to grow, government must concentrate on four key areas:
– Promotion of equitable and sustainable socio-economic development
– Preservation and promotion of cultural values
– Conservation of the environment
– Good government
In a bid to popularize the concept internationally, the Bhutanese government is devising a GNH index that is expected to be ready as early as the end of the year. Unlike the gross domestic product index, however, a GNH index measures the quality of life based on 72 standards. “We’ve been chasing gross domestic product for decades, and now societies are starting to say we need to look beyond GDP and start measuring well-being,” said Jon Hall, a project leader at the Paris-based Organization of Economic Cooperation and Development.
Isn’t this … like … past due?
Past due for sure, Keith :)
This is a great post and thank you for sharing it. I wonder if our shiny, new president will institute something like this? We should all get on his website and let him know about this if he doesn’t know already. I’ll bet Dennis Kucinich could head the department!
Yes, appears we’re heading in this direction, although under a different name/title.
{{{{BREATHE IN THE FRESH AIR}}}}
Excellent post Keith! I recently read an article in which the results of a study found that money only accounts for about 12% of our happiness… how peculiar it is that our society bases the greatness of a nation on a matter that excludes 88% of the cause of our happiness. I truly look forward to the new America which will almost certainly take into account happiness as a factor of how great this nation is!
http://www.livescience.com/strangenews/060629_money_happiness.html