I'm rebirthing myself.......Hi everyone!
---temporary post--- 9/30/08
Hi Everyone,
This is really long. If you care to read it, why not schedule it during your blog reading time. You read blogs, right? ::smile:: Okay, I guess I’ve been spoiled over these past months with nothing but time.
By the way, with any necessary apologies, I’m going to dispense with the usual humorous and tremendously witty Law of Attraction message in this “Welcome back to the world, David, State of the Group” address. Instead, I’m going to tell you how I feel on the political events that have been unfolding since July when we bailed out Fannie May and Freddie Mac. Feel free to delete this now and save time if you’re not interested. There are no action items and no special invitations in this ‘note’.
For those of you who know me, long time no talk. How the heck are ya? I’m great, thanks, and ready to declare my long hibernation is officially OVER. For those of you who don’t know me...HELLO!
I know I’m not alone when it comes to hibernating during the Summer months, but I took this Summer off and took things to a new level of reclusiveness. There were a couple of weeks with zero human interaction. It was WONDERFUL. Yeah, I did a small batch of events in August, but most of you missed them. I’ve mostly done a ton of meditation, treatment work, spent a month in Sedona, did some writing, and I’ve just been letting go of some stuff that has been holding me back. I don’t know why I’ve needed so much time, but I feel blessed to have taken it. Now I need to go back to WORK. Cool and cold weather energizes me. I guess you can take the man out of the Midwest, but you...... well, you know the rest. I can’t wait until it gets below 90 and we all break out the sweaters. In Kalamazoo and Chicago, I only did that when it got below 40!
Soooooo.... we all can see there is a LOT happening in the world financial markets. Who needs regular television programming when you have C-SPAN during a time like this? It has been riveting stuff, for sure. I have worked directly with many of the institutions affected having been a financial services professional for more than 12 years. I certainly have mixed feelings seeing some companies collapse and disappear. It is rather surreal indeed. I was shocked at how close Morgan Stanley, formerly my parent company, came to failure.
THE BAILOUT ‘PLAN’
And then along comes the so-called ‘Bailout’ Plan. When they announced late Sunday or early Monday that the Bailout package did not pass the House, I literally jumped up in the air and screamed for joy. Little did I realize, the members of the House are more rational than members of the Senate. Very enlightening, I must say. Suzy Orman wanted the bill to pass, which is befuddling to me since I think she makes a ton of sense almost every time I listen to her. I will have to watch Suzy more closely and not endorse her so readily in the future. I coughed up my turkey sandwich and scared my cat, Leo, when she said that.
I REALLY like what happened today (it’s Tuesday when I’m writing this and Wednesday when it gets sent). Members of the House presented a much more thoughtful alternative to the original plan. I hope to God the Senate will take heed. The most important thing that happened was that Wachovia got folded neatly into Citigroup. Goodbye Wachovia and good riddance. They were the worst run bank in history. This will end up saving Citigroup from their own collapse, which would have been worse than you can possibly imagine if it had happened. This is all lipstick on a pig to some degree, since Paulson inflicted a slow bleeding, but mortal wound to our already terribly wounded economy when he bailed out Freddie Mac and Fannie Mae. ‘W’ is standing around doing nothing because he has no idea what is going on. It’s both embarrassing and rather depressing to watch. It’s too bad Oliver Stone didn’t wait just a bit longer so he could include this chapter in his devastating upcoming movie, ‘W’.
THE ECONOMY and THE MARKETS
A person who shall remain nameless asked me if I thought that practicing the principles we discuss each time we meet will keep us ‘safe’. The simple answer is ‘Yes’ if I translate what she meant by that word correctly. However, I don’t see many people practicing these principles correctly. This has concerned me for a long time. There is no quick fix. Learning to effectively apply the principles of Universal Law in a directed fashion takes WORK and you have to instill new habits over TIME. What I am hearing now is a lot of fear and worry. What good does fear and worry do? Zero good, as you know..or should know. Stop watching television, if this is you. What is happening in the world right now is perhaps the best example I’ve seen of the danger of ‘mass consciousness’. The fear factor multiplies and people get swept away by it. You are affected by it in large and small ways every day. This is just an easy example to point to. You will gain greater mastery by seeing how mass consciousness affects you negatively every day in bad times AND in good times.
You can see fear on the faces of our fearless leaders and hear it in their voices. Some of these people should not be allowed near a microphone or a reporter. This is not good. I saw some more confident people today from the House on C-SPAN, but I doubt they got much coverage from the mainstream media.
When I talk to the people I know are doing ‘the work’, i.e., meditation and prayer (in my words and practice – ‘spiritual mind treatment’) -....DAILY...over an extended period of time, I see a huge difference in their personal situation and demeanor compared to the people that don’t. LOA works each and every time unfailingly. Action is a necessity, almost always. Many people have misconceptions about whether action is necessary. It is. Anyone who says it isn’t is grossly misleading you. I felt scared a year ago and bailed out of the stock market for no other reason than I didn’t like feeling scared. It was weird because I had never felt that way even when I lost painful amounts of money. This was different and I know I was guided by a higher power that I could pay more attention to because not much else was cluttering my noggin. I missed a big run up earlier in the year, but I still had no regrets because I acted in faith and in respect to my feelings. I also missed most of the losses of Monday.... and the losses that I believe will keep mounting, today’s massive rally notwithstanding.
I’m trying to learn from history. Yes, history doesn’t ALWAYS repeat itself, but it does happen often enough to take heed on occasion. Here is what happened in 1929:
The initial crash occurred on Black Thursday (October 24, 1929), but it was the catastrophic downturn of Black Monday and Tuesday (October 28 and 29, 1929) that precipitated widespread panic and the onset of unprecedented and long-lasting consequences for the United States. The collapse continued for a month.
After the crash, the Dow Jones Industrial Average (DJIA) recovered early in 1930, only to reverse again, reaching a low point of the great bear market in 1932. The Dow did not return to pre-1929 levels until late 1954, and was lower at its July 8, 1932 level than it had been since the 1800s. Anyone who bought stocks in mid-1929 and held onto them saw most of his or her adult life pass by before getting back to even.
Am I going back into the market? Not until next year or 2011 when the I think we’ll be looking at fantastic bargains. Is it smart to invest in T-bills, someone asked me today? Not if you believe we are looking at a train wreck called inflation (like I do). It will be just like buying a cheeseburger today for $1 and saying you’re willing to spend $100 for the same cheeseburger in 2-3 years. That would have to be a VERY good cheeseburger.
Do I have a crystal ball on the market? No. Don’t take any advice from me without consulting your financial planner. He/she may or may not agree with me, but I certainly think we have been in recession for a while now. I realize a technical recession requires two consecutive quarters of negative GDP, but come on; it’s obvious to many experts and amateurs alike. A Depression is even possible now. Look how vulnerable our country is right now. Am I irresponsible to say that? No. I believe our leaders in the Senate and House will come up with a better solution, perhaps as soon as Oct. 1, but will that be enough? The answer is no. You see that, don’t you? You can bail out some bad credit but you can’t bail out lost confidence. This is worldwide, folks. I actually think Europe is going to get hit worse than we are. Actually Europe would already be toast now if we hadn’t bailed out AIG. Why it is our job to bail out the world is beyond my comprehension.
CHALLENGING TIMES
While I see a lot of suffering coming to a lot of people over the next two years, I also see a lot of opportunity. We are seeing a partial collapse of the financial industry worldwide spurred on primarily by credit practices. Warren Buffet saw this coming in 2003:
Buffett warned in 2003 that mortgage-backed derivatives were “financial weapons of mass destruction” and that, while the Federal Reserve system was created in part to prevent financial contagion, “there is no central bank assigned to the job of preventing the dominoes toppling in insurance or derivatives”.
In his letter to shareholders in March, 2005, Warren Buffet predicted that in another 10 years’ time the net ownership of the US by outsiders would amount to $11 trillion. “Americans … would chafe at the idea of perpetually paying tribute to their creditors and owners abroad. A country that is now aspiring to an ‘ownership society’ will not find happiness in - and I’ll use hyperbole here for emphasis - a ’sharecropper’s society’.”
WB is one of my idols. How can you not admire a guy who filed his first tax return at age 13, writing off $35 on his bicycle as a business expense?
WB, like Orman, endorsed the bailout. I’m forgiving WB on this one because he had to say that. He just dumped $5b into Goldman Sachs! He was merely protecting his shareholders.
Wanna ponder something crazy? One share of his publicly traded company, Berkshire Hathaway, traded for $130,800.00 today. ONE SHARE.!!! As a point of comparison, one share of Microsoft Corp. sold today for $26.08. Wanna buy into WB’s empire? I do!
Okay, what else is there I wanted to tell you? Just that I miss seeing everyone and we should get together soon. I’m still in a bit of a malaise over taking so much time off, but perhaps I’ll throw a party or invite you to the movies. Something. Stay tuned and let me know how you are feeling.
While I’m not exactly in a big hurry to resume classes and seminars, I’m officially available again for coaching. Areas of expertise include Career, Dating, and Health issues. Unlike other coaches, I GUARANTEE successful results if you work with me. Anyone who would like to get started with me in October will receive their money back within 30 days if not completely satisfied. My last three clients got the job, got the woman, and got the man. Are you willing to go for what you want and actually get it? I really don’t care what area it is in. I don’t restrict myself to the three listed above. The principles we will use together work universally. Period.
If you are ever confused about whether or not I’m having a Law of Attraction Event, Dating Seminar, or Money Workshop, I tend to use the calendar on my old website: www.whatthebleepphoenix.com
Other items of interest I will post on my newer website: www.magneticartofliving.com
Since I’m restless, I’m working on a third website. Stay tuned. It may take awhile.
Your friend, in good times and bad,
David
P.S. Hang in there and keep your head up. These are difficult times for our country and for many of our brother and sisters here and around the world. Spread prayers and good wishes and ignore, when possible, the temptation to succumb to ‘mass consciousness’, particularly now. Ours is a consciousness of love, awareness, and affirmation. Multiply the consciousness.
P.S. Give me some idea of talks or workshops you would be interested in attending at my place....the legendary Synchronicity House. I could do the above, I could go back to the Bleep, or I could talk more financial stuff, which would be a complete switch, I know, but I think you can see I’m passionate about it. We all deserve financial freedom but it takes the right mindset and strategy. I’m also looking to invite a special guest to speak to us in November about sex-related stuff...but shhhhhh...don’t tell anybody. Whatever you do, this is not the time to withdraw from the world. Come out and play. We need each other now more than ever.
P.S.S. Well you stuck with me this far, so I guess you might want to know what I meant in my subject line by 'rebirthing myself'. Well, it's a bit hard to explain, but this video is a good example of a guy re-birthing himself. Enjoy!
http://www.youtube.com/watch?v=1k08yxu57NA <---copy and paste
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