Well, it’s been an interesting week. We’ve had the ongoing story of the occupy protests, which are being very well covered in alternative media. I recommend monitoring Twitter for this sort of news, you tend to get things that the mainstream media either omit or are simply slow with.
In addition to this we’ve had the drama in Greece and Italy, it could be said that both countries have had their democratic governments undermined by EU interference and I can’t see that ending well. President Sarkozky was challenged on this by a reporter from the BBC and didn’t give anything like a satisfactory answer. I think that there is a definite moral hazard involved here, never mind the fact that the Euro is probably beyond saving in its current form. It’s taken the political class till now to realise what the markets have known all along, as Mark Twain famously said “Denial ain’t just a river in Egypt”.
So in light of all of the above it’s easy to get very bearish in sentiment. The easiest way to counter this sentiment is not to take it too seriously, I have a running joke with a friend that I’m “putting on my bear suit” whenever I read that sort of content. But too much of it really does taint the mind and as a Buddhist I have to be mindful and observe my own thought processes.
This is where our mindfulness meditation comes in, I’ve found that the effect of this practise spills over into everyday life. You become more able to observe your thought processes and to catch yourself thinking things, or taking a partial view. Through this, I’ve come to realise that things aren’t as bad as they might seem at first glance.
Yes, we face challenges, but there are no doubt opportunities in these times. I hold the hope that the coming threats to the banking system will see the rise of a new culture of mutuals and credit unions, something to return some of the financial power to our communities. I see the threats to the notion of globalism as an opportunity to localise, to use our local shops and services. So this isn’t a disaster, just another chapter in our story, and depending on your point of view it might not be that much of a disaster after all.
I may even have to pack away my bear suit!

