Thursday, February 19, 2009

On Debt

I never really quite understood the world crisis that's going on, I only have a "not so clear" idea of why its happening and why it's happened. I mean how can the whole world go poor on its own. Poor against who? Who's rich now? How can the whole world have a debt on it's own? To whom is it indebted with? The World Bank? How can the world be indebted on it's own bank? I find it really absurd. To examine this is really a very painstaking idea on its own. I mean the visuals we see all over the news of the stock market - the graphs of the rising unemployment, names of companies that have closed, the recent countries that have succumb to recession - though hyped up, these are all very confusing for me. Not that it isn't confusing before, well probably not if you're a businessman. But I could truly say that in a way the stock market has taken center stage amongst the outstanding shows we watch everyday. It's like a TV series, with its own story and treatment. The people of the world - the protagonist, the world economy - the antagonist. It has a beginning, as we began evolving and as we learned business and economy, not to mention capitalism, which I think is the culprit. It has a middle, which we now are facing. And and an end? It probably should have, and that is what we are all waiting for I guess? It's all so strange for me, but at the same time, might be the greatest story yet I have ever encountered in my life.

But there is a kind of saving grace that I feel while trying to understand this whole chaos. And that is that I feel a bit secure knowing that it's happened, I'll explain to you why. I have debts on my own, so it makes me feel a bit better to know that I am not alone. In fact, the world is on my side. I and the rest of the world are equals. Of course thats a silly idea. But that's how I truly feel. It makes me really wonder if the mechanism of how the world got indebted might be similar to how I personally got indebted. Can I truly compare and simplify the world problem as being similar to mine? Because I somehow have a good idea about how I got indebted, I somehow know the psychological or even emotional foundations of why I never learned to handle money, property or possession very well. I somehow understand the reasoning behind the way I value material things. It's pretty presumptuous, but I stand by it. I can actually pin point specific experiences in my life that exhibited corruption, or where I got corrupted, or even where I was being corrupt. Still pretty presumptuous but I still stand by it. I don't think that I need a shrink or a hypnotist to bring me back to those experiences. I know them by heart and somehow I bring them with me all the time, specially at times when I truly indulge myself on things, when I'm unable to discipline and limit my want, or wants.

No, don't start with me with the self help stuff, if thats on your mind. Been trying to, I'm telling you. I can truly say that I'm trying, I am. The good news is that as I have been trying, I have slowly realized how hard and how complicated it really is. How intertwined it is with whole person that I am.

Oh how the world works!

Funny how I say that because it brings me back to the very topic I was trying to understand - the world crisis. How do we recover? How do we go about it? Where do we go to when everywhere will become poor as have been widely expressed? Can we truly transcend debt?


  1. My debts are piling up and I have no income for the months of March and April. I'm getting scared and a little depressed. A businessman friend of mine mentioned that this might last for 10 years or so. He said this recession is due to the fact that our parents, the baby boomers, are retiring and using up the government's coffers.

  2. Bwahahaha That's a funny way of looking at it. Let's go blame the retiree's!!! hehhehehe


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