The New Stage Of The Same Old Crisis

Laitman_2009-05-xx_ny_6618A question I received: Despite the numbers and facts you believe that the world economy is not getting out of the crisis, and this is the opinion of Kabbalah?

My Answer: I am not an economist and Kabbalah doesn’t do market forecasts. But here is my personal opinion:

We observe rising oil prices, rising market indices and rising stock prices. That’s why people talk about the end of the recession and the beginning of world economic growth.

However, it is not a reflection of real economic growth,  but an artificial stimulus of demand and new market speculations as a result of the infusion of government funds into the economy. Speculation in the oil market has caused a rise in oil prices, triggering a rise in prices on other goods. So new bubbles are being created, which will eventually burst and thus bring a new economic collapse.

The governments have provided funds to stimulate consumer demand and thus trigger economic growth. However, these funds have landed in the banks and instead of generating economic growth, layoffs continue, which in turn causes further decline in demand.

Governmental debts of the world’s leading economies are higher than their annual GDP, military expenses are on the rise, and the printing of money doesn’t stop.

Conclusion: We are in the next stage of the same crisis and we are heading towards the bursting of an even bigger bubble.

1. The cause of the crisis lies in the fact that we have reached the limit of our egoistic development through many centuries and we have now formed  a global, integral system.

2. The law of behavior of such a system is based on the common inter-connectedness of its elements. It is like the organs of the body, where each organ is working to support the whole system, and by this, insuring its own existence.

3. But in order to form such a connection (to love your neighbor as yourself), there must be a very evident revelation of our interconnectedness. Only in this scenario, will our personal egoism allow the possibility of taking the concept of caring for the whole system into account, .

4. Out of all doctrines, philosophies and religions, only Kabbalah talks about the revelation of the global connection between people – the Upper World, and not about suppressing the ego. Only the revelation of the concealed connection between us (which is the same as revelation of the Creator) will bring us to prosperity, according to His thought and our desire!

Related Material:
Laitman.com Post: Those “Fixing” The Crisis Are Like Poker Players Who Just Can’t Stop
Laitman.com Post: The Real Crisis Is Not In Finance, But In Our Attitudes
Laitman.com Post: Instead Of Seeking To Change Our Economic Systems, We Should Draw The Upper Light Of Correction
Kabbalah Today Article: Navigating Through the Financial Storm

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