DOES THE USA FINANCIAL CRISIS AFFECT SOUTH AFRICA? September 16, 2008
Posted by frostygirl in News.Tags: banking, financial crisis
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The above question was directed at a South African financial advisor today in one of our local newspapers and the answer was: “No.”
It amazes me to see this type of response, no wonder the financial world is in such a mess!
It is obvious that the crash of Lehman Brothers will affect our financial market. Why do they have to lie to the general public? It certainly will not help the general public because if they listen to these lies and continue to bury their heads in the sand they will wake up with a big shock when everything comes tumbling down around them.
Greed is the underlying cause of the present financial crisis in the world, the huge organizations wanted to please their shareholders by posting huge profits every quarter and while chasing these huge profits they forgot to take the usual care to ensure that their “book” was sound and that sound financial principles were applied.
The USA and the UK are in a recession and many financial institutions in both these countries are in serious trouble and the big insurance companies who underwrites or acts as re-insurers are also experiencing a huge financial crisis (for example AIG).
What effect is this going to have on SA? An enourmous effect because our economy and financial markets are closely linked to theirs and it will certainly cause our shares to drop as can be seen on the All Share Index today which dipped below 25000 for the first time in a long while today.
The whole world is in for a very rough ride, we have seen nothing yet, watch the Asian markets tumble sharply now because they are going to feel it very badly due to the fact that they are mainly exporters of goods and are reliant on their overseas buyers.
My advice? Pay off your debts fast, cut up your credit cards immediately, stop spending on luxury items and start saving. The future is very uncertain so many jobs are being lost so do not get complacent and think it cannot happen to you, it can!
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Question : Is there such a thing as an economic cycle? Is there a natural law to economics, like summer is summer, and fall is fall?
Answer: Our economics are, in terms of our individual success, our exposure to contrast which gives us our idea of desire, and then your success has to do with your alignment. So, the alignment of our own Energy is the only thing that causes anything to affect us. Of course, our Energy is affected by what we think about other things. And so, our economy is the consensus of the mass consciousness thought, because, as we have become a global world, and as we are all tied into the same media information, we can simultaneously be affected — and therefore mass consciousness is affected — therefore our economic conditions are more worldwide experiences.
These are rip roaring times.
This is the leading edge of thought.
There is not a reason for there ever to be a decline.
And the declines are always false.
Always man-made.
Never necessary.
And they always serve some extremely well.
The good news of our planet is huge in proportion to the bad news — the bad news is what is amplified and given to you. What the media and television is showing you, is the bleakest picture, in order to get your attention, because that sells newspapers or television programs, or whatever.
And even if they are all doing it, it does not need to affect you.
But, it usually does affect you. And as it affects you, then there is a greater ripple effect.
How could we go through years of one presidential administration, having economic booming times, and then days into a new administration, have economic disaster? It is because a handful of people began saying a handful of things that a few billion listened to. And so, it affected a few billion vibrations, and now we’re having the ripple effect of all of that. It is a powerful example of the power of mind.
There are popular trends and there are unpopular trends.
And positive attitude has, as long as you’ve been in your physical body, not been a very popular trend.
It doesn’t sell newspapers.
It doesn’t sell television programs.
(It doesn’t sell “protection”.)
If you are in a position that you are wanting to soothe people’s troubles, then isn’t an aggravation of their troubles beneficial to you? That’s sort of what is at the heart of all of that.
You are having glorious economic times, and there is not a reason for it to be otherwise for you individually.
You are having glorious economic times. And there is not a reason for it to be otherwise for you as individuals, or you collectively.
But don’t let what they are doing, collectively, affect you individually.
It need not.
Begin making statements that always keep you in the receiving mode:
“I’m not affected by what’s happening outside of me.
I’m only affected by the alignment of Energy between my desires.
I’m actually benefiting by what’s taking place here, because I’m giving more thought to what I am really wanting.
I am fine tuning my desires in a more powerful way.
I’m pulling more Energy through me than I ever have before.
And I’m more deliberately paying attention to when I’m in the receiving mode than when I am not.
“I anticipate that I will thrive even more during these economic times.
These are boom times for me.
I’m clearer about what I am knowing.
I’m in a much better place this time than at any other time.
All is really well here, and the Law of Attraction will sort everything out, and we are all doing extremely well.”
When you hear others that are expressing otherwise, sometimes it is to your advantage to stop, just for a brief moment, and ask: what is their reason for perpetuating this? In many cases, they haven’t thought it through. But, sometimes the answer will be, it is to their economic advantage to do so. And as you begin to acknowledge how many people are using this to their economic advantage — you won’t worry about the economy any more.
Economics has always been about supply and demand. So if you are the diamond dealer and people are digging diamonds up in their back yard, you might want to go find something more rare, like a chunk of coal, or something like that.
There is no shortage.
There is no shortage, because when you ask,
the Universe has the ability to yield.
There cannot be a shortage.
All there can be is an individual or a whole bunch of
individuals cutting themselves off from the supply of
Well-being — by finding one thing or another to be upset about.
Remember, there are the three points…
You ask,
the Universe yields,
and you just must be in the receiving mode.
It does not matter what games anybody else is playing.
You have the ability to stand in a place of prosperity — no matter what.
And so, is there ever, really any shortage?
There is never ever, ever, ever, ever any shortage!
It is all something that is man’s making.
Sometimes deliberate, sometimes indeliberate.
But it is never reality.
It is only a perception of reality.
Life is good, let it be.
It’s time for you to begin letting it in frostygirl - there is NO shortage!
This is just so weird - everyone is affected except this!!!
The introduction of the Credit Act in South Africa really helped our economy cope with the US crisis!
To SomeONE : THE BASIS OF YOUR LIFE IS FREEDOM - You are only affected by it because you give your attention to it …remove the attention and the affectedness is gone…
Regards