Why Financial Crisis is a Good Thing Or How to Thrive in the Gloom and Doom
photo credit: Arturo de Albornoz
October 7th, 2008 Dow Jones took a dive by a whopping 508 points. Over the past three months global markets were hit by an $8.1 trillion loss in value. Banks fail one after another, panic in the Wall Street… That’s what already came to be known as the biggest economy meltdown since the Great Depression.
The helter-skelter of the stock-exchange swiftly resonates everywhere. With media fuelling the buzz you need to have a steel nerve or live deep in the forest not to be concerned with the crisis thing. The home-grown economic prophets loudly predict ‘the end of the world as we know it’.
The last thing you’d want to do in times like that is start a business, right? – Not quite.
Great Depression Creates Great Opportunities
History knows a lot of cases when economic meltdowns created opportunities for new ventures and bold startups as well as remarkably profitable marketing investments. The Great Depression turned out the golden ticket for hundreds of businesses. Read more
Opportunities Within The Economic Crisis
photo credit: World Economic Forum
We’re living in a time of economic crisis–a time when the economic system, the money system itself, the markets are unraveling in a way that I haven’t seen in my lifetime and most people haven’t seen in their lifetimes. And this is a very frightening time for people. At the same time, if we can recognize that what is unraveling is that which has no viability. What is unraveling is that which is not sustainable. Practices, ways of being with money, markets that are not based in true value are starting to fall apart.
If we can see that what’s happening is a truing, a recalibration, and an expression of us being in overshoot, it helps us see how to deal with it on a personal basis. It doesn’t mean it’s not going to painful. It doesn’t mean that there’s not suffering. It doesn’t mean that we shouldn’t be paying close attention to how we use money, what to do with the investments we have, and being mindful of the job we have and the salary we earn. These considerations seem larger than life under the current circumstances. Read more
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