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Some thoughts on current International Financial Crisis

Sep 23, 2012 11:02 PM
by .:.

Professor Gautam Kaul, Professor of Finance at University of Michigan is
teaching a free course on Finance through which offers courses
for free by top faculties from top universities.

In the syllabus, there is a very significant statement. He says:

âRead the Economist as often as you can; it has some thoughtful pieces.
However, recognize that you need to develop the habit of reading material
critically; just because something is published in a reputable outlet does
not mean that the author knows what he/she is talking about. I guarantee
you that there is no one out there who really understands what our current
financial crisis, or even the crisis in the 1930s, is all about.â

MKR Comment:

All pundits and politicians, see them as a simple economic problem and try
to fix the crisis by tinkering with fiscal and monetary polices. However,
many of us who have been exposed to theosophical ideas can easily see the
current crisis causing suffering to a lot of people are just symptoms
generated by serious actions of the Nations.

If I want peace, prosperity and happiness at home, I should try to do what
I can to create peace, prosperity and happiness in all my activities during
the day. If on the other hand, I create suffering and trouble every day in
the work I do outside the home, how can I hope peace at home.

What applies to an individual applies to a Nation as well. My thinking is
if a Nation seeks peace, prosperity and happiness for its citizens, the
Nation should act seeking peace and prosperity in all its activities
affecting other Nations. One can see this is simply Karma in action.

The long term welfare of any Nation and its citizens cannot be achieved
without the Nation pursuing the goal of peace and prosperity everywhere
around the world.

There is an very ancient saying which is repeated even today in India (as
part of many rituals) which says "Let there be peace and prosperity for
everyone." Surely, there should be some truth behind it.


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