Is Sustainability Possible Without Sustainable Currency?

We hear so much about sustainability these days as all human organizational systems - social, economic, political, educational, health complexes and their ecological footprints are becoming more and more unbalanced and unsustainable.

What would a 'mindful economy' look like? Can we use some principles of living systems to create a functional currency and fair economic system based on a creative application of Buddha's wholesome understanding (Right View) of human economy and Right Intention for currency free from greed, ill will and harm?

Could we start a collective appreciative Inquiry of 'Transforming the Capital in Capitalism? Can we see the true as true and false as false and use 'Right Speech' in our financial and business dealings? 'Money as debt' is not freedom yet and State-supported bailout of fraudulent banks and crony capitalism is communism of the rich.

The Chinese President wants IMF to start a new Global currency. But would it be wise for leaders of developing world to rely on IMF or World Bank, when so much of their policies to end poverty and speed up development in third world countries are actually deepening and perpetuating the viscious cycle of poverty, corruption of political leaders and massive transfer of wealth from poor to the rich countries. Ron Paul is for phasing out World Bank.

The EU President, Czeck PM calls the US plan to spend its way out of recession a 'Road to hell.'

Our president Obama is graciously receiving online questions on economy from us today. I asked "Mr president have you watched the Youtube Zeitgeist- On FED? What would you do to free 'we the people' and our governmnet from debt-based fractional reserve currency as Presidents Lincoln, Jackson, Kennedy aspired to give us and world's children?"

Here are two books that are addressing unsustainability of Capitalism as it functions now.
Mindful Economics by Joel M and Agenda for a New Economy: From Phantom Wealth to Real Wealth by David Korten.

So what is the Buddha way? The Buddha Way is to understand how systems like capitalism are constructed within the human mind and perception both at the individual and collective level, so we can create a mindful Wikinomics of compassion, generosity and right understanding.

Here's a playful inquiry of the Bailout Bull Economics & The Cow Economics
And renewed protest against War-economics on 6th anniversary of Iraq war.

And G-20 summit in London takes place amid public protest and pre-summit low expectation of economists.

Pictures of 2009 G-20 summit. Leaders pledge 1.1 trillion dollar to IMF and other Global financial institutions. Other News: Biden's Pre-summit meet. Popular Obama, unpopular plan.

Look which group of plutocrats and technocrats has a summer meetup at Athens, Greece?

Some call them the High Priests and Control Freaks of Globalization. Is our Government bailout succeeding in taking back partial ownership of mega banks by 'Breaking the Bank?'

So how do we stop cooperating with and move away from the war-military-intelligence-prison-big pharma-media-think tanks complex and begin to put our collective attention, intelligence and energy towards creating an Economy of Peace ?

And what role we as engaged buddhists, conscious citizens, women, youth, people of color, LGBT can play? IMAGINE a world living in peace and harmony, no need to kill, die, deceive, delude, persecute or oppress self and others.

Deep Crisis Is A Deep Creative Opportunity

"Three things cannot be hidden for long. The Sun, Moon and the Truth" - Buddha

In the Buddhist Pali canon, satisfaction of basic material needs is seen as a pre-requisite for sila or moral development. In Mahayana scriptures there a broad concern for poverty as an obstacle to spiritual progress and a clear call for direct action/relief as mandatory for addressing the more subtle roots of samsara.

Some of the popular headilines appearing in major news media is worth pointing out. There is great chaos and confusion now as to why exactly capitalism needs a hand-out or bail-out from big government and the people. Why free market mechanisms and financial markets are not self-correcting in democratic systems?

Newsweek predicts the New age of Global Capitalism Begins Now.

To face this Deepest Crisis in Capitalism French President Nicolas Sarkozy, current president of the European Union, has spoken of a need "to rethink the entire financial and monetary system...to create the tools for worldwide regulation."

We need to be careful about the worldwide top-down regulation the French president suggests. Regulation do not promote understanding. Open sharing of knowledge does.

60 Minutes Interview: Shadow Market of Wall Street 10/05/2008

Some are predicting the Crisis Could Shake Nobel Economics Prize
Financial wizards like George Soros, or Corporate and Technology Icons like Warren Buffet, Bill Gates and Nobel Laureates do not seem to have any feasible answer for the long haul.

This is a great puzzle and a human conundrum that require many skillful engaged minds especially minds that can see things "as they are" and function in a wise, unbiased and non-dual way. What kind of mindful system change could meet both the basic needs and higher needs of people everywhere, their elected goverments, the Millenium Goals and sustainable ecology/environment?

What if we as enaged citizens and advocate for transparent debt-free currency system, who feel deeply called to respond to this crisis could make this happen together, just by simply putting our collective attention and intention to understand this issue.

We do have this opportunity NOW! Stay alert but keep the humor