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Money: Spiritual or Material, or Both?

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Money: Spiritual or Material, or Both?
Money: Spiritual or Material, or Both?

 

Get ready to hear one of the most intriguing concepts regarding attracting prosperity I have heard in years! I am really excited about this because you get to a point in the personal growth/coaching industry where it seems you are hearing the same old stuff again and again, repackaged with new names on labels slapped on it. Rarely do I come across a new way of thinking about something, so imagine my surprise after reading literally hundreds of books on the law of attraction and attracting money, to find a gem we can use to “tweak” how we are manifesting.

In John Randolph Price’s book Empowerment, he mentions that someone who thinks money is not a spiritual energy is still working at the lower nature of materiality and one who is functioning at the spiritual level must not think of money the same way. 

In other words, we know that our vibration is what attracts something into our lives and we know that like attracts like. So if you are a person who believes in the third dimensional physical reality, you are working at the material level and money must be thought of in material terms or else it will not be attracted to you.

If you are a spiritual person and functioning at the soul level, then you must think of money as a spiritual energy or a spiritual asset, for like attracts like and if you are vibrating here, you cannot think of money as a material asset; it will not be attracted to you. You must change your way of thinking about money if you change your level of functioning.

This is the reason many people called to a spiritual path are living in insufficiency…., because they have changed their vibration to another level of functioning, yet have not changed their thoughts to match. If they still view money as a material asset separate from God rather than spiritual substance made manifest, then there is no common frequency, thus no attraction.

This is also the reason people see what some call “materialistic” people with lots of wealth, and say “How does he have all that? He is not even a good person.” Well, he is in total alignment with how he views money. He certainly does not see it as a spiritual substance since he sees nothing that way.

With this model we have a new way of explaining why the spiritual camp seem to live in lack when they choose the path. (There may be other factors of course, but that is for another article). What I like best about this insight, besides the fact I have never heard it explained in this way, is that the universe doesn’t care what your choice is, as long as you are in alignment with it. Be materialistic and think of money as a material asset only…or be spiritual and think of it as a spiritual asset. The choice is yours!

 

How to spend $350 billion in 77 days

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In two-and-a-half months, the Treasury has used up half of the money from the Troubled Asset Relief Program. Here’s how it came and went so fast.

NEW YORK (CNNMoney.com) — President Bush has grudgingly allowed General Motors and Chrysler to drive away with the last few billion bucks in Treasury’s TARP till, which boasted $350 billion a mere 77 days ago.

How did it all slip away so fast?

The money pot — intended to save the teetering financial system — was formally proposed in a three-page missive that Treasury sent to Congress on the morning of Saturday, Sept. 20.

Over the course of two weeks, lawmakers debated the potential moral, ethical and financial hazards of handing over unprecedented power and unprecedented sums of taxpayer money to the Treasury. Their responses ranged from gobsmacked to apoplectic.

By Friday, Oct. 3, Congress had passed a 451-page bill that President Bush signed into law within hours. The law granted Treasury up to $700 billion, half of which was made available right away.

Since then, Treasury has:

  • sent checks totaling $168 billion in varying amounts to 116 banks;
  • committed another $82 billion to capitalize more banks;
  • bought $40 billion in preferred shares of American International Group (AIG, Fortune 500) so the troubled insurer could pay off an earlier loan from the Federal Reserve;
  • committed $20 billion to back any losses that the Federal Reserve Bank of New York might incur in a new program to lend money to owners of securities backed by credit card debt, student loans, auto loans and small business loans;
  • committed to invest $20 billion in Citigroup on top of $25 billion the bank had already received;
  • committed $5 billion as a loan loss backstop to Citigroup;
  • agreed to loan $13.4 billion to GM and Chrysler to get them through the next few months.
That next $350B? Maybe not yet, Hank

Now, it’s likely that Treasury will ask for the second tranche of $350 billion.

“It’s clear Congress will need to release the remainder of the TARP to support financial market stability,” Treasury Secretary Henry Paulson said Friday. “I will discuss that process with the congressional leadership and the president-elect’s transition team in the near future.”

It’s not clear, however, whether Paulson will formally ask Congress for the second tranche of TARP money before turning over the keys of the Treasury to his likely successor, Tim Geithner.

Even if Paulson wants to, however, he’s likely to face an uphill battle getting it.

“It seems very unlikely that Congress will give the final TARP installment to the Bush administration,” said Jaret Seiberg, a financial services analyst at policy research firm Stanford Group.

That’s because the apoplexy among those who originally opposed the TARP or who voted for it reluctantly has grown and spread for several reasons.

One cause of Capitol Hill’s bailout rage: the Treasury has not used TARP money to help prevent foreclosures. Democratic lawmakers, who crafted the legislation and purposefully included language about foreclosure prevention, beg to differ. They have said repeatedly they will not release any more TARP money until the Treasury commits to use some of it to help troubled homeowners.

Second, lawmakers are not happy Treasury has given so much capital to banks without requiring them to lend more and do more to oversee how the banks are using the money. Paulson has said Treasury told TARP recipients that it expects them to lend. “But it’s not practical or prudent for the government to say ‘make this loan, don’t make that loan,’” he said Thursday, speaking at an event in New York.

And third, Republicans in particular resent what they see as TARP mission creep. House Minority Leader John Boehner, R-Ohio, was one of many who opposed the auto bailout, and the fact that TARP was the source of the bridge loans in particular.

“The use of TARP funds is also regrettable, the latest in a growing list of TARP money uses that were not discussed with or envisioned by Congress when the program was authorized,” Boehner said Friday.

House Speaker Nancy Pelosi, D-Calif., has said she is working on a bill to add more guarantees that future TARP funds be used to prevent foreclosures and protect taxpayers. But it’s not clear yet how much Democratic support that will get. And there is near total Republican opposition in the House to approve any more TARP funding.

If that remains the case, the Obama team will have to add yet another entry to its ever-growing to-do list when they take power on Jan. 20.

- CNN congressional producer Deirdre Walsh contributed to this report. To top of page

http://money.cnn.com/2008/12/19/news/economy/tarp_tale_of_first350b/index.htm?postversion=2008121916 

Warren Buffet Speaks

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BIC098
In these tough economic times, people go into survival mode and have the mentality of “flight or fight.”  Most people opt for “flight” and their fear has immobilized them to the point where rational thinking goes out the door.  It’s completely understandable because these hardships are very real and resonant into the lives of all Americans.  In the midst of all this chaos, one man has come forward as the voice of reason.  Warren Buffet is a master.  He has been ranked as the richest man in the world with an estimated net worth of around $62 billion.  When Warren Buffet speaks, we should all listen.  Here is what he has to say:
October 16, 2008
Buy American. I Am.
By WARREN E. BUFFETT
 
THE financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary.
So … I’ve been buying American stocks. This is my personal account I’m talking about, in which I previously owned nothing but United States government bonds. (This description leaves aside my Berkshire Hathaway holdings, which are all committed to philanthropy.) If prices keep looking attractive, my non-Berkshire net worth will soon be 100 percent in United States equities.
Why?
A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors. To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions. But fears regarding the long-term prosperity of the nation’s many sound companies make no sense. These businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now.
Let me be clear on one point: I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks will be higher or lower a month — or a year — from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over.
A little history here: During the Depression, the Dow hit its low, 41, on July 8, 1932. Economic conditions, though, kept deteriorating until Franklin D. Roosevelt took office in March 1933. By that time, the market had already advanced 30 percent. Or think back to the early days of World War II, when things were going badly for the United States in Europe and the Pacific. The market hit bottom in April 1942, well before Allied fortunes turned. Again, in the early 1980s, the time to buy stocks was when inflation raged and the economy was in the tank. In short, bad news is an investor’s best friend. It lets you buy a slice of America’s future at a marked-down price.
Over the long term, the stock market news will be good. In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.
You might think it would have been impossible for an investor to lose money during a century marked by such an extraordinary gain. But some investors did. The hapless ones bought stocks only when they felt comfort in doing so and then proceeded to sell when the headlines made them queasy.
Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value. Indeed, the policies that government will follow in its efforts to alleviate the current crisis will probably prove inflationary and therefore accelerate declines in the real value of cash accounts.
Equities will almost certainly outperform cash over the next decade, probably by a substantial degree. Those investors who cling now to cash are betting they can efficiently time their move away from it later. In waiting for the comfort of good news, they are ignoring Wayne Gretzky’s advice: “I skate to where the puck is going to be, not to where it has been.”
I don’t like to opine on the stock market, and again I emphasize that I have no idea what the market will do in the short term. Nevertheless, I’ll follow the lead of a restaurant that opened in an empty bank building and then advertised: “Put your mouth where your money was.” Today my money and my mouth both say equities.
Warren E. Buffett is the chief executive of Berkshire Hathaway, a diversified holding company.
Source: NY Times
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