The Answer To Our Credit Crisis

by Mayuri on June 29, 2009

The Antidote to Greed in the Economic Downturn


In my last post I talked about leaving the chase for more is better and a sense of deprivation which fueled that chase and start living in a sense of sufficiency. I also said this would take a shift in consciousness.

In the November 10 Newsweek, in the Article, A Darker Future For Us, by Robert Samuelson, he talked about how Americans have been “progress junkies”. That is part of what I believe allowed us to be asleep at the wheel  around the greed, miscalculation and  the subsequent economic ruin of  many Americans, and maybe America itself. The  recession will end, but it won’t be a recovery to previous rates of growth.  People are going to feel poorer, because their “sluggish income gains (will) get siphoned off into higher taxes, energy costs, and health spending.He says the we are about to begin a time of what he calls “affluent deprivation” which he says is a state of mind. 

I believe that we can, and need to move from a sense that without growth we will be in deprivation. It’s costly to consume out of a sense of deprivation. We get caught up in wanting more-bigger-faster stuff and then have to go back to earn the money to pay for it. And we are not really satisfied. What we really want is rest, time., money and connection.

Jacob Needleman talks about how our capitalist society creates ever new desires. And the ease of credit in our society , let us buy into those desires.. Credit went  from something you receive when you are in serious need to something you get to satisfy superficial invented desires.

 And what do we pay with? We pay with time. And time is our life. SO WE PAY WITH OUR LIFE. So you can have everything you desire, everything money can buy , and have an ever diminishing quality of experience. You can HAVE everything, and BE nothing. I consider this the true poverty, a hell on earth.

In his book, , Needleman says we got  “Plastic credit cards, masses of debt, enormous rates of interest, equaling massive inflation impersonal finances, continuous production of ever new and superfluous information  exactly like the continuous production of new consumer goods that satisfy artificially created needs, easy credit, borrowing money, electronic transfers of millions —ALL ON THE SURFACE OF LIFE”.

This source of this is in the realm of consciousness.  The mind always hankers for more. And more. If you have money, it wants more money. If you have prestige, it hankers for more prestige.  If you have knowledge, it wants more knowledge. The mind lives in the “more”.

You have each probably felt the thrill of spending money- but afterward the rush is gone. That is more about pleasure than fulfillment. It is more about satisfying the animal soul desires. Satisfying our instinctual needs has become mostly what society is about.

And, we have given value to things that don’t have value. Things that give peace, enjoyment, freedom.  


When we let go of trying to get more of what we really don’t need, it frees up our energy to make a difference with what we have. And when we do that, we will no longer feel deprived. When you make a difference with what you have, our experience of it is that it expands. So we don’t have to be in the “affluent deprivation” Samuelson is predicting, but rather a sense of sufficieny. That there is enough.


The struggle with sufficiency has nothing to do with the amount of money you have- it has to do with the relationship you have with the money. Can we recognize that better comes from not more, but deepening our experience of what’s already there? Rather than growth being external and acquiring, can we redefine growth to see it as a recognition and appreciation for what we already have?


A friend of mine  knew a chartered accountant down under who talked about ECHO-NOMICS The law of reciprocation. If we want joy, give joy. If we want love or appreciation, then give love and appreciation. 

Therefore, we need to be more objective about where value lies. 

OSHO quote:

The art of life is to live a rich life- but the richness comes from your inner awareness. You can live a very poor life and be rich outwardly- you can have a big bank balance. But a dog’s life.”

We are all about to face limitation in a way few have never experienced in our lifetime. Limitation is part of the human experience. And one thing you notice as you face limitation with responsibility, you learn from it, you grow from that experience. Look at other ways this has happened in your life.

If you begin to tell a different story of your life as you meet your economic woes, it will give you different results and because of those different results, it  will give you different beliefs or knowledge. And this will perpetuate.

So, look for what’s working instead of what’s not. Instead,   put your  attention and appreciation on what is there. What you appreciate, and what you pay attention to, determines the quality of your life.

And you will have a change in consciousness; you will begin to experience the abundance that is available in the moment , rather than in your balance sheet.


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