My unpublished (100,000 word) book “The Financial Jigsaw”, is being serialised here weekly in 100 Issues by Peter J Underwood, author
Quote of the Week: “The world is moving so fast these days that the man who says it can’t be done is generally interrupted by someone doing it.” – Elbert Hubbard – American Writer
NOTE – If anyone would like a free updated, 3rd edition, electronic copy of the complete book, I should be pleased to email a pdf on request to: [email protected]. The book has many footnotes linking to relevant and explanatory Appendices, websites and videos. A version for iPhone and Kindle is also available; please specify which one you would like.
If this isn’t enough proof that the whole global financial edifice is rotten to the core this should convince you: https://www.zerohedge.com/markets/fed-will-not-disclose-which-banks-are-receiving-repo-cash-least-two-years
This Epilogue is an introduction to Part 2 which will be completed and published when the current global economic slowdown is resolved into either a sudden and unannounced crash, as many predict, or we witness major changes in global economic plans and policies in an effort to avoid a crisis. There is current talk of fiscal stimulus next but nothing will work IMHO.
My money is on a crash, either by design in order to usher in a reset for a New World Order, or an uncontrolled financial meltdown the elements of which are already being felt around the world as economies gradually slow down and reported GDPs go negative over the coming couple of years (in reality they have been negative for many years but TPTB have fudged the statistics). There is good reason why all economies are slowing down …… ENERGY ….or more precisely EROEI (Energy returned on energy invested). Dr Tim Morgan explains is all in his book and website: https://surplusenergyeconomics.wordpress.com/
https://www.amazon.co.uk/Life-After-Growth-global-economy-ebook/dp/B00F3D8M2C
The purpose of Part 2 is to equip survivors of the crisis (or those wishing to survive) with essential preparation tools both practical and psychological which will be needed in the New Emergent Economy to prosper and maintain a stable lifestyle in an environment much less comfortable than at present – think 19th century at best.
This article from Peak Prosperity offers practical information about re-locating to a survival place as the economic unravelling proceeds:
https://www.peakprosperity.com/should-you-relocate-to-a-more-resilient-area/
Grant Williams says: “There will be no smooth transition back to sustained economic growth, he warns, instead, the distortion of today’s excessive asset prices will require a systemic reset to fix. Either by a deflationary event that destroys the malinvestment, or by an inflationary event that destroys the currency. Either way, a shock to the system awaits us”:
https://www.peakprosperity.com/grant-williams-a-reset-of-the-system-is-inevitable/
Here is the link to last week: Issue 76
Now that the Brexit final conclusion has been delayed yet again, I will continue to provide weekly updates as events progress:
Brexit & Election Update – 15th November 2019
The Brexit deadline is now 31st January 2020 and Boris still needs to get Parliament to agree his new exit plan (WAB) during this period: https://www.bbc.co.uk/news/uk-politics-50125338
But now all has changed and MPs will be focusing on the general election (GE) so not much will happen until the voting is resolved on 12th December the outcome of which is highly unpredictable. You may follow a daily run-down on the current situation from my friend, Dr Richard North: http://eureferendum.com/
This first week of election promotions has seen both major parties, Labour and the Tories, make fools of themselves as several embarrassing events have hit the newswires which have done them no good whatsoever. Here’s the current situation from ‘Mish’:
And UK has suffered further reductions in GDP for the last quarter, narrowly avoiding a sniff of recession (officially that is). The high street is in dire straits too – not good:
https://www.zerohedge.com/economics/britain-narrowly-avoids-recession-economy-grinds-halt
Parliament has been dissolved and there will be no government in charge until the new one is formed on 13th December although administration will continue as normal because our astute civil service will carry on working essential elements of our economy and social responsibilities.
Details of Parliament’s deliberations when sitting can be found here:
PART 2
INTRODUCTION
(The need for Personal Transformation)
“There is no such thing as a problem without a gift for you in its hands.
You seek problems because you need their gifts” Richard Bach – “Illusions”
“We really cannot change the external world nor can we change other people. We CAN change how we perceive the world, how we perceive others and how we perceive ourselves” Gerald G. Jampolsky, M.D. – “Love is Letting go of Fear”
“People who work together will win, whether it be against complex football defences, or the problems of modern society.” Vince Lombardi
During 1993 I made a major career transition from that of a corporate and business life to one of a more socially responsible activity. Having retired from my successful business in 1993 I joined the Citizens Advice Bureau as a volunteer and found that I thoroughly enjoyed helping people solve their personal life management problems.
What I did discover however was my inability to effectively relate to the clients which were presenting unfathomable issues and often more than one at once. I approached my immediate manager, the bureau manager of the moment and expressed my problem. She advised me to take a counselling course at the local technical college and having enrolled in 1994 I gained a diploma in Humanistic Counselling in 1997.
This was a personal transformation of immense proportions for me because it completely changed my internal view of the world and allowed me to revisit a whole range of beliefs and values which I had subconsciously absorbed since my childhood and my growth into maturity.
I began to see how wrong I had been in my relations with others and particularly within my own family. All the changes I made were positive for both me and all those around me such that I began to really enjoy life and know true happiness. It was empowering to be comfortable in my own skin, to hold values that I could show others by demonstration and to engage in behaviours which elicited positive returns.
It was during the early stages of my training that I came across many helpful books and one which immediately struck me as: “This bloke has it right – HE understands”. This author is the well-known, M. Scott Peck in his book “The Road Less Travelled” and his first three opening words grabbed me: “Life is difficult”.
From this beginning I was unable to put the book down and I learned so much about the inner workings of my mind that I found that putting these lessons into practice during my training sessions was most rewarding.
I followed up with M. Scott Peck’s colleague and friend, Gerald G. Jampolsky, MD and his book: “Love is Letting Go of Fear”. This again yielded amazing insights into my personal journey of self-discovery and became a book I used successfully with many clients over the years that followed.
I mention this short history in order for you, the reader, to understand the importance I place on using these lessons to accommodate significant changes to my inner world knowing that I am unable to change the external world or people I find around me.
If you have read so far and agree in Part 1 with some of the descriptions about this complex jigsaw world of economics and finance then you will appreciate that major changes to your own life management issues will need to take effect in the foreseeable future.
Therefore before we move on to the individual subjects dealing with your personal affairs in Part 2 “the New Emergent Economy” it is important to understand the need to revisit one’s beliefs, values, attitudes and behaviours because modern education and training has been sadly inadequate to effectively provide sufficient tools and skills to survive in a world to be changed beyond all measure.
Making adjustments to your internal world map, asking: “What is real?”
We are captives of our past. We tend to be stuck in old belief systems that we use repeatedly to measure the extent of our present even though it doesn’t always get us what we want.
You can imagine your mind as containing reels of motion picture film about your past experiences through which we view the present. Consequently we are never really seeing the world as it is but merely seeing fragments of the present through lots of distorted old memories. We can let go of these past attachments, which are often routed in guilt and fear, by choosing to see our world differently.
We often believe that the fears of the past can predict the fears of the future. We can be caught in this constant merry-go-round of worrying about both the past and the future whilst missing the joy of the present.
We have the power within us to choose our own reality by experiencing this instant as the only time there is and live in a reality of NOW. You may often have heard people speak about ‘staying in the NOW’ – well, it can be done easily by casting aside those fearful thoughts of the past which cannot be changed and the future which hasn’t yet happened. In reality the only moment we have is this instant – in the NOW.
When we use words such as ‘can’t’ and ‘impossible’ we have imposed the limitations of our fearful past on to our present experience. By letting go of our past we can more readily focus on the new experiences of the present. As the New Economy gradually unfolds we will begin to notice subtle changes taking place around us and it is important to recognise these as being ‘opportunities‘ and not fearful events.
This will engender a positive response enabling you to seek out the benefits which are hidden beneath a cloak of fear. We know that we cannot change the external world that we are experiencing today; all we can change is our response to it. You cannot change what is happening to you but you can change how you react to it. This requires some careful thought processing before unthinkingly reacting out of an emotional response.
If you have chosen to read the recommended books above you will have achieved a great leap forward in your ability to absorb and act upon the information and knowledge unfolding in the Chapters to be published in Part 2 as a future edition. Here is a summary for quick reference when retraining your mind to meet the challenges of the New Economy; remember to ask yourself the following questions – some quoted directly from “Love is Letting Go of Fear”:
- Do I choose to experience Peace of mind or do I choose to experience conflict?
- Do I choose to experience Peace or Fear?
- Do I choose to be a Peace-finder or a Fault-finder?
- Do I choose to be a Peace-giver or a Peace-taker?
- Is an experience peaceful (verbal/non-verbal) to another and is it peaceful for me?
- Will I do no harm or do I choose to retaliate against a perception of injustice?
- Can I find the inner strength to accept the prevailing New Economy or fight it?
To be continued next Saturday
Thanks for the post! Accepting injustice, permitting harm to others, gratefully remains a struggle for me and I hope many like-minded others. Perceiving or witnessing it will probably be the hill I die on. Evil abounds when apathy rules.
Quite so NA and thank you for commenting. I am sure many others feel the same as you and I do empathise with the challenge of evil prevailing when good men do nothing.
Having faith in a higher power can help acceptance which is of course the first stage of dealing with conflict. Next week we will move on and hopefully get a better understanding of how to cope with the coming crisis.