Zombie Banks, Economic Tsunamis and the Gold at the Bottom of the Ocean

Many are losing their homes and livelihoods now due to an economic tsunami. While this disaster is man-made, its magnitude is sweeping a good many honorable people away in the surging undertow. The broader truth here is certainly the same as in a natural disaster: there is far greater value in the lives being lived than in the possessions [...]

Defeating Saber-Toothed Financial Tigers part 2: Three Steps to Calm Confidence

We are in the middle of a time of great change, no one seems to have the answers, and the future is shaping up to be a lot different than we expected. There’s a lot on our plates. How do we respond to these collapses and revelations?

Below, I touch on three critical steps you can take personally to release some of the fear that can eat away at your energy and throw you into panic [...]

Defeating Saber-Toothed Financial Tigers part 1: Ready for Integrity

What we’re starting to see is the rot at the foundation of our system. We’ll be seeing a lot more rot this year. It’s going to be very disturbing — kind of like seeing a wreck on the highway. Do we stop and try to help? Do we just keep going? Do we get mad at the disruption to our plans? Do we get pissed off at the idiots driving 90 miles an hour while texting who caused the pile [...]

Fed Refuses to Disclose Identity of Recipients of $2 Trillion in Loans

via Bloomberg.com:
Worldwide

Nov. 10 (Bloomberg) — The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral. [snip]

Bloomberg News has requested details of the Fed lending under the U.S. Freedom of Information Act and filed a federal [...]

Congress threatened with Martial Law if they voted NO on bailout

Fear-mongering doesn’t get any more obvious than this. Congressman Brad Sherman (D-CA, Sherman Oaks, Northridge) despite intense pressure, stood up in the House and told the world that members of Congress had been threatened by the White House with Martial Law if they voted NO on the bailout bill. Martial Law. It seems my reference to [...]

The Apocalypse of Ego and Return of the King — AKA the “Financial Doom of Colossal Proportions!” and What To Do About It

Fear around money is a long-conditioned response: “If I lose all my money, what do I have to show for my efforts in life? How will I survive? If all this is taken away, what am I? If all that I’ve done has come to nothing, why go on? All the dreams and hopes, are they to end? Am I really worthless now?” For some, these fears are far more visceral than the fear of death itself. Fear of dying can be very abstract — fear of losing all your money is very [...]

Let Them Eat Bread

Events of the last few days have thrown into high relief the background research I’d been doing. Here’s a breakdown of key points:

Let them eat bread: Rally Sept 25 in Hollywood against bailout

Present moment #1: Financial instruments that were too complicated for anyone to predict (even the mathematicians who developed them) have crashed [...]