Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Money and the Turning of the Age
03-14-2009, 11:44 AM,
#1
Money and the Turning of the Age
Money and the Turning of the Age

Charles Eisenstein

This article is fourth in a series, and draws on background covered in "Money: A New Beginning," Part 1 and 2, and "Money and the Crisis of Civilization."

As the economic meltdown proceeds to its next phase, we begin to see the unreality of much that we thought real. The verities of two generations become uncertain, and despite a lingering hope that a return to normalcy is just around the corner -- in "the third quarter of 2009" or "by the middle of 2010" -- the realization is dawning that normal isn't coming back.

When faced with an abrupt shift in personal reality, whether the death of a loved one, or the Gestapo coming into town, human beings usually react first with denial. My first response when tragedy hits is usually, "I can't believe this is happening!" I was not surprised, then, that our nation's political and corporate leaders spent a long time denying that a crisis was underway. Consider some quotes from 2007: "The country's economic fundamentals are sound," said George W. Bush. "I don't see subprime mortgage market troubles imposing a serious problem. I think it's going to be largely contained," said Treasury Secretary Paulson. "A recession is unlikely." "We are experiencing a correction in the housing sector." "America is not in recession." "It is likely that housing prices won't recover until early 2009."

Continue to read:
http://www.realitysandwich.com/money_and_turning_age

Reply


Possibly Related Threads...
Thread Author Replies Views Last Post
  Syria owes no money to the IMF CharliePrime 3 1,041 09-17-2013, 09:07 PM
Last Post: FastTadpole
  WTO - Money Laundering Enterprise mexika 0 383 09-05-2013, 01:00 AM
Last Post: mexika
  RETURN TO CONSTITUTIONAL MONEY by Dr. Edwin J. Vieira, Jr. bristopen 3 1,109 07-31-2013, 07:13 PM
Last Post: fujiinn
  The Money Trust macfadden 2 931 02-12-2013, 08:17 AM
Last Post: apallepen
Information The Future of Money: Smartcards, Encryption, Digital Currency and Thin Branch Banking FastTadpole 12 4,630 12-22-2012, 08:58 PM
Last Post: FastTadpole
  How to keep your money safe if the euro implodes h3rm35 0 532 05-26-2012, 10:41 PM
Last Post: h3rm35
  South Carolina Approves Gold and Silver as Money April 0 459 04-10-2012, 05:37 AM
Last Post: April
  THE MONEY MYTH EXPLODED: The financial enigma resolved Solve et Coagula 0 528 02-26-2012, 06:55 PM
Last Post: Solve et Coagula
  How eliminating paper money could end recessions. drummer 3 749 12-20-2011, 08:43 PM
Last Post: h3rm35
  The Money Masters: Behind the Global Debt Crisis Solve et Coagula 0 417 09-24-2011, 10:50 AM
Last Post: Solve et Coagula

Forum Jump:


Users browsing this thread: 1 Guest(s)