Opinion: (Stanley Fischer, Bank of Israel Governor): “Bank of Israel Governor Stanley Fischer believes the Israeli economy is in a ‘relatively good condition’ compared to the global economic crisis.

Speaking in a press conference he convened on Tuesday to discuss the recent economic developments in the world, Fischer said Israel ‘can ride through this period successfully if we run the economy in a responsible and organized manner.

“As for the global economy’s situation, Fischer said, ‘The situation in the US is reasonable. It’s not good, but there is growth and no foreseeable danger, at least in the short term, for the US to enter another recession. Talks are of a 2.5% growth in 2012 – that’s not impressive and not close to the potential growth rate, but it’s a relatively good growth rate.’

“‘The forecast for all of Europe hasn’t dropped much since the beginning of the year. The expectation for European growth next year is less than 0.5% – that’s not a recession, but an undesirable situation.'”

My Comment: I present a variety of “opinions” so that later we can see how mistaken a person is in the vision of the world he lives in.
[60958]

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Opinion: (Beatrice di Mauro, a member of German Chancellor Angela Merkel’s council of economic advisers, from Süddeutsche Zeitung): “Policy makers are making effort to tame the debt crisis. Yet, it is the eurozone that is under the biggest threat. The crisis can also spread to the rest of the world…

“The debt reduction only works long term. Our goal is that in about two decades, the national debt in all eurozone countries is 60% of their GDP.

“With regard to the collapse of the EU, it has long since begun. For ten years, there has been an illusion that a single currency means a single zone. Now, the national vision of problems is dominant everywhere, and it turns out that the last 10 years have passed in vain….”
[61070]

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Question: We have pledged to take care of one another in order to uphold the standard we achieved in the Arava and to keep moving further. But what should a person do if he suddenly discovers that he has “fallen out of the loop”? Should he feel that he is drilling a hole in the common boat?

Answer: Of course. And this should be a source of great distress for him. First of all, it’s not simple to reach the sensation of unity, but he should at least regret the fact that he is separated from it. Secondly, let him feel bad from knowing that all the friends are already there. Thirdly, his absence harms others, and this entire harm is recorded in his account.

This way, he misses out on much more than his personal concern because his part is idle in every one of the friends and does not complete each one of them. It turns out that his harm is multiplied by the number of members in the group.

Until now we talked about the egoistic calculation, but now let’s look at the problem from the other side. A person does not support his friends with mutual guarantee, does not become similar to the Creator, and does not attain bestowal to Him by working in the group. This spiritual damage is not as obvious, but we have to remember about it as well.

Question: Can we say that by doing so a person shifts not only the whole group, but also the whole world to evil?

Answer: If you have received the opportunity to enter mutual guarantee with your friends, then by participating in the common work, obviously you shift the world to goodness. After all, every person is part of the common network and we are its central part. Therefore, by strengthening the group, I strengthen the whole world in its spiritual ascent. And the opposite is also true.
[61337]
From the 4th part of the Daily Kabbalah Lesson 11/21/11, “Mutual Guarantee”

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Opinion: (Mikhail Gorbachev, the former first secretary of the Communist Party of the Soviet Union): “The XXI century will be a сentury either of total all-embracing crisis or of moral and spiritual healing that will reinvigorate humankind. It is my conviction that all of us – all reasonable political leaders, all spiritual and ideological movements, all faiths – must help in this transition to a triumph of humanism and justice, in making the XXI century a century of a new human renaissance.”
[61042]

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In the News: “Two-thirds of the young people in court [charged over the August riots in England] were classed as having some form of special educational need, compared to 21% for the national average.

“More than a third of young people who were involved in the riots had been excluded from school during 2009-10 – this compares with Department for Education records showing 6% exclusions for all Year…” (Source: BBC)

“The situation in the U.S. is not better. The consequences of saving on education are already being felt. The latest crisis proves that those who stop investing in education may lose everything.” (Source: mk.ru)

My Comment: It is necessary to teach everybody regardless of their age, gender, and occupation about the new world, new social conditions, and the need for mutual guarantee. Otherwise, we really can lose everything!
[60949]

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The mission of the nation of Israel divides into several stages. First we rise to the degree of the end of correction ourselves. This is why we came out of the state of Babylon and then fell into the state of Egypt, and 400 years later received the method of correction while standing “beneath Mount Sinai.” Next, we rose to the level of the First Temple, which is essentially the particular end of correction for this group.

However, this is not yet the end of the world’s development, which is why we descended into exile and then rose to the level of the Second Temple, and finally, went into the last exile on the level of the nations of the world. Altogether, considering the intermediate phases, this was our fourth exile.

All phases of this path remained in our Reshimot, and thus, today we must finally correct ourselves. We will thereby rise to a level that is even higher than before since we mixed with the nations of the world, which will join us in the process of this final ascent. That is how we rise to the level of Israel’s correction and the level of the general correction.
[61021]
From the 4th part of the Daily Kabbalah Lesson 11/17/11, “The Arvut (Mutual Guarantee)”

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Opinion: (Mark Buchanan, from Bloomberg): “The European nations are linked in a network of debts, as Bill Marsh recently illustrated in the New York Times with a beautiful piece of graphic art. Greece and Italy are prominent; Ireland, Portugal and Spain lurk ominously nearby. France and Germany seem exposed, too, as does the U.S.

“The image is like a complex wiring diagram for a ticking debt bomb. Yet what it shows may be less important than what it leaves out: a largely invisible network of ties among institutions around the world, which could ultimately cause global financial chaos.

“But these undisclosed ties matter a lot. They were the primary reason the U.S. government needed to intervene in 2008 to prevent the collapse of insurance giant American International Group Inc.

“The AIG case illustrates an important paradox that looms again in today’s European debt crisis.

“…when the connectivity is relatively low, if one bank suddenly goes bankrupt, the repercussions aren’t so serious; the failure causes problems for a few other institutions but doesn’t generally propagate too far.

“However, with rising connectivity… things change dramatically. Beyond a certain connectivity threshold, attempts to share risk actually increase the likelihood that a bank will go under.

“So many pathways are created along which trouble can spread that system-wide collapse becomes more likely. The web of risk-sharing connections within which an institution operates only gives an illusion of security.

“What reduces risk for individual institutions in small quantities spells trouble for the larger banking system when pushed too far. This is especially worrying when you consider that the number of CDS contracts outstanding on European sovereign debt has doubled in only the past three years, even after the AIG catastrophe.

“The explosion of unregulated and largely hidden CDS contracts was made possible by financial deregulation in 2000, and it has made the financial system more risky. Their unrestrained use – especially with little knowledge of who is doing what – looks like a recipe for disaster.”

My Comment: The Angel of Death appears before a person with a drop of poison on the tip of the knife blade. He offers it to the person—and it appears so sweet that the person can think of nothing else and is forced to open his mouth. He swallows the drop of poison and dies, not being able to resist illusory pleasure.…
[60706]

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Opinion (Michael Khazin, an economist, from marker.ru): “Russia’s economy is dependent on the world’s. And if the global crisis continues to grow and oil prices keep falling, the result will be a greater financial ‘hole.’ We do not have a self-sustaining industrial core and are not food self-sufficient.

“If high inflation begins in the U.S. and Europe, then due to fixed oil pricing, if oil prices do not fall, the food prices will increase dramatically. That is, the income of some segments of the population will drop. This sounds like the story of Egypt and Tunisia, where the revolution took place because a greater part of the population spent 80 percent of income on food.

“Now, any actions provoke a negative situation. Nothing depends on Russia. For Russia, the increasing role of imports is a disaster because the entire industry, including food and consumer goods, is imported. Prices are rising, but the state cannot do anything.

“It will become much more difficult for domestic producers because the pressure of imports will be higher. And Russia has nothing to export.”
[60560]

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In the News (from The Bob Tuskin Radio Show): “Global Depression grips world economies. Destructive polices fueled today’s crisis. Conditions are fast coming to a head.

“Throwing good money after bad delays decision day at the price of far greater trouble on arrival. D-Day will shake world economies. It may, in fact, be months away, perhaps in 2012.

“Perhaps Greece is the canary in the coal mine. The country’s bankrupt. Only its obituary isn’t written. Its citizens are being impoverished. Anger rages in Athens. Revolutionary sentiment may explode any time, sending shock waves across Europe.

“Others in troubled countries aren’t far behind, including in America where growing thousands rage against a system destroying their livelihoods and futures.

“On October 16, the Global Europe Anticipation Bulletin (GEAB) headlined its latest economic assessment, ‘Global systemic crisis – First half of 2012: Decimation of the Western Banks,’ saying: Second half of 2011 has global economies heading for ‘unstoppable….geopolitical dislocation(s), characterized by the convergence of monetary, financial, economic, social, political and strategic crises.’

“As a result, expect profit ‘freefall, balance sheets in disarray, with the disappearance of trillions of (dollar) assets,’ compounded by growing public anger, so now ‘the scaffold has been erected’ to eliminate 10 – 20% of Western banks.

“Progressive Radio News Hour contributor Bob Chapman calls debt problems ‘endemic worldwide. We are in a major financial crisis.’ Out-of-control debt is the problem. Much of it can’t be repaid. More of it makes things worse. Serious trouble looms.

“Daily rumors suggest plans to save Eurozone countries from crisis. ‘All are bogus to keep stock and bond markets from collapsing. There is no way out for Europe nor for the entire financial system.’ No one will admit the system is broken.

“In his article headlined, ‘The End of History,’ Paul Craig Roberts wonders how Washington will finance its growing empire given enormous budget deficit constraints. Only money printing provides it. Inflation inevitably results.

“Based on how calculated decades earlier, economist John Williams has it at 11.5%.

“In the new millennium, political Washington destroyed rule of law standards, public accountability, and ‘every moral principle to achieve (global) hegemony.…’

“At the same time, it showered Wall Street and other corporate favorites with trillions of handout dollars, wrecking America’s economy in the process.

“Has it also ended America’s chance to rule the world, or will it engineer a last hurrah global war to try? With lunatics running the asylum, don’t bet they won’t, at the risk of destroying humanity entirely.”

My Comment: Nature puts pressure on us from every side, showing that we cannot come out from this state by means of our mind and experience. The only way is upward: We have to correct ourselves, and from there, once we understand the situation, we have to correct social relationships, and then political, economic, and family connections in society. It is possible to build, and not to destroy, namely on the basis of understanding what is happening.
[60709]

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In the News (from Info Wars): “A prominent UN agency has issued a warning that the globe is hurtling toward a long recession, a 40 million worldwide job shortage and an increase in large scale social unrest.

“Outlining that the globe faces a ‘new and deeper jobs recession,’ the report, titled World of Work Report 2011: Making Markets Work for Jobs, warns that job creation is slowing and worldwide unemployment stands at a record of more than 200m.

“The upshot of such massive shortages in employment will, according to the ILO, result in greater social unrest in 45 different countries.

“‘This is especially the case in advanced economies, notably the EU, the Arab region and to a lesser extent, Asia,’ it [the report] said.

“The report pinpoints the greatest risk of social unrest to Greece, Portugal, Spain, Estonia, France, Slovenia, and Ireland.

“Without counter-measures, the crisis will likely unleash a recession that could last a decade or more, the report adds.”

My Comment: Obviously, “the bosses” do not understand the plan and course of nature to bring humanity into similarity and balance with it. This means establishing a balance between receiving and giving, like in any balanced system. We have put the system of nature out of balance and now must bring it into full harmony by our own conscious efforts. Thus, we will understand the plan of nature and rise to the next stage of our development (evolution).
[60565]

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