On Debt & Bankruptcy…
A friend wrote to me about her personal bankruptcy. I thought my response might help others.
I understand your unwillingness to accept this failure and have felt the same way. So, what would happen if we had to admit to ourselves and the world that we failed financially?
"I failed financially!"
There, I said it. So what? I'm still the wonderful, good, caring, compassionate, productive, beautiful, generous person I was before! Aren't you? Maybe you could declare the same, out loud and see if it makes a difference?
I invite you to really FEEL the pain, heartache, failure, disappointment, guilt, shame, blame and “shoulds”.
FEEEEEEEEEEEEEEEEEEEL it.
Accept that you're choosing to hold onto this feeling (it's not a part of you - it’s like a jacket) for now, and that's OK. Know that you can take that jacket off & throw it away whenever you're ready. ( 1) Revel in the painful feelings until you're quite finished. Then they can dissipate forever. Be sure to do this before you continue reading! Seriously!
I recall hearing an interview with Donald Trump after he took yet another hotel/casino through bankruptcy. The interviewer asked him how he felt about this latest business failure. Trump sat back astonished and (approximately) declared: 'that's not a business failure - it’s a business restructuring!'
That interview really hit home to me for a couple of reasons.
- Trump's perspective was not of failure, but of stepping stone.
- Bankruptcy is not a personal failure, it’s a strategic reorganization.
- The banking industry WANTS us to believe it’s a failure (of course).
- Corporations utilize many tools that most individuals don't. Taxes are a great example. Corporations pay FAR less tax (%) than individuals do. Why? They've had extensive loopholes created for them. Individuals can use those same loopholes but few do (like setting up a "business" to write off most expenses.)
- Bankruptcy is a business tool set up by our government to allow for a fresh start.
- Delta Airlines recently went through bankruptcy. Most of their creditors lost large amounts of money. All their stock holders lost their investment. But was a greater good served? Would it have been better if Delta had merely disappeared? The creditors and stockholders STILL would have lost out, but so would all of the employees and travelers.
I've come to believe that this rampant personal and collective financial collapse is partially for us to realize that credit of any kind is morally wrong.
- To borrow money is to become enslaved to the lender.
- Borrowing money is always from a sense of lack.
- Borrowing necessarily includes impatience.
- Lending tends to lead to greed.
- Debt necessarily comes from a belief in separation (see definition below). Debt means ‘owing’. Owing means that we are separated from the one wholeness.
- Main Entry: debt. Etymology: Middle English dette, debte, from Anglo-French dette something owed, from Vulgar Latin*debita, from Latin, plural of debitum debt, from neuter of debitus, past participle of debēre to owe, fromde- + habēre to have — more at give. Date: 13th century.
Money (as we use it today) is fiat currency. It has no value, is based on no value. (Federal Reserve Note: not federal, no reserves, not a bank and a note is simply an IOU). It is created electronically (or printed in small amounts) whenever new debt is created.
Lack, separateness, enslavement, impatience, greed & obligation are contrary to what the Universe is and how it operates. Therefore they are not real and so it is counterproductive for us to entertain, use and be a part of them. The Universe is everything. It is conscious and benevolent (Love) and operates in absolute accord with its established principles. I (and you) am necessarily integral parts of that Whole. Therefore we can only experience and express absolute abundance, completeness and wholeness. Anything else is simply a hallucination. So, let’s stop hallucinating and realize we swim in a sea of abundance!
That's how I see it right now. Does that help?
(1) Please see The Sedona Method.
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