"A crisis is
a terrible thing to waste! Each new revelation of greed, recklessness and
stupidity will drive the emergence of new forms of more ethical markets
suitable for human needs in the 21st century. " --Hazel Henderson, economist
September, 2008
On the World Credit Crisis
We need to become comfortable with the understanding that we
don’t know nor do we understand what is going on. Welcome the wisdom of evolution. Trust that humanity will beautifully rise to
this occasion. In the meanwhile, here
are some ideas of what you might consider:
- Money
and credit will get scarce - get out of debt or reduce debt if you can
- Reduce
your expenses structurally - look at your cars - look at all the outgoings
- There
may be no real return on conventional investments and it may take years
for the adjustment to work its way through
- Social
security may not be a sure thing - think more about how you are going to
spend the "Golden years"
- Invest
in sure things such as reducing your use of energy - investments in cutting
your oil use give you a cash tax free return
- Invest
in you and yours - get real skills and real assets - learn how to do
things that you now pay others to do - learn how to grow some food . Eat
out less
- Invest
in your friends and community - by working with them - for on our own we
are not strong enough - volunteer for real work
- Pay
more attention to your kids - better than paying school fees - do things
with them
- Your
health can be an asset or a liability, you have a responsibility to take
care of it
- If
you must listen to the news of the markets’ gyrations, make sure to change
for equal time on the comedy channel.