What Feminism Was Supposed To Do

How is it that 45 years after the birth of feminism, and its continued growth as a social movement in this country, we discover for all that time we were enmeshed in systemic sexual harassment of girls and women? Why is it that the same girls and women who were fighting for equal pay and the right to dress as they pleased seemed unable, or unwilling, to simultaneously fight for their own physical and emotional safety? Why are the multitude of people who acquiesced, or turned a blind eye, to the sexual harassment and degradation of women now being hailed as “courageous” for merely jumping on the band wagon of what only a very few (e.g. Rose McGowan and Natasha Henstridge) had real courage to expose?

The answer isn’t that feminism was a fraudulent movement so much as it was a misguided one. It had its priorities wrong. In trying to achieve equal respect, promotion parity and wage equality for women, it told women the way to get there was to be like men. Nowhere was the movement’s mantra said better or more succinctly than when leader and spokesperson for the feminist movement, Gloria Steinem, voiced “We’re becoming the men we wanted to marry.” Well, yes. But that created the result 45 years later: 1) there are very few of those men left and 2) an awful lot of people aren’t even sure which gender they, in fact, are.

This isn’t about gender identity. It’s about what it means to be a woman. To be the walking, talking, “Divine Feminine” if you will.  There seems to be a lot of confusion about this term. It’s not a mystical or metaphysical concept. It’s one of two specific creations by the Divine. In Genesis 1:27: “God created man in His own image, in the image of God He created him; male and female He created them. Let’s not parse words or get theologically bound in minutia. Generally speaking, we can agree that men and women exist and that there are some inherent differences in the way we are wired. Not in whether we would rather play football or dress Barbie… but in how we approach conflict resolution or emotional issues. Scientists studying dissimilarities underlying some of the most important gender distinctions have found distinctions deeply rooted to the days when men were hunters on the savanna and women were gatherers rearing children near camp.

I suggest we women are wired in a particular way, as are men, such that working together, in harmony, we provide a natural balance that is necessary for the continued well-being of the species as well as the planet we inhabit. When imbalance occurs, the species and the planet suffer. In the extreme, our very existence is at stake.

For thousands of years societies, and the planet, have been predominantly administered by Divine male energy. For the most part, and in most places, influence of the Divine feminine has been marginalized, ignored, subjugated or enslaved. This has resulted in profound imbalance and its resulting effects. Because nature, of which we are a part, has the power to rectify imbalance, what we are seeing is a re-emergence of the Divine feminine.

But we must be very careful not to confuse the Divine feminine with feminism.

The Divine feminine has as its inherent quality a countervailing energy to the Divine masculine. It is not the Divine feminine’s role to become the Divine masculine but rather to countervail it. To balance it out.

I don’t countervail a guy whose pants are worn in a way to expose his rear end by in turn dressing to expose my breasts. I do so by dressing modestly thereby showing respect for my physical body. I do not countervail aggressive or violent behavior by acting similarly. I do so by reasoned thought and compassion for someone’s discomfort or pain.

The danger of the #TimesUp movement, or the Oprah Winfrey speech at the Golden Globes, or all those who now think its “women’s turn” is in us becoming a reaction rather than a countervailing force.  Reactions tend to be equal and opposite. We do not need women to now spend decades or centuries…even millennia…reacting to the mess unbalanced male energy has created. This would only bring about more imbalance albeit at the opposite end of the spectrum.

What we need to do now, as the Divine Feminine, is to move with ease and grace into those places where imbalance is evident. In actual practice, this means that both men and women will have to examine their own internal balance and adjust accordingly. It is no longer about one or the other gender being in power. Nor is it about being confused into thinking that men must become women or vice versa. Just as no one politician can solve all of our problems, no one gender can either. Where diversity exists, whether in politics or gender, conflict resolution is a team sport. Successful teams have players who each contribute something of value to the end game. But the success starts with the preparedness of each individual player and their understanding of the contribution they must make to the team.

The Divine feminine is not here to usher in a new era of female dominion over men. We’re here to make the unique contribution only we can make toward fulfilling our part in creating and maintaining the harmony and balance necessary to sustain the world.

Carole (contact@carolegold.com)

 

Thoughts on Social Unrest

In America, hopelessness reigns supreme.

Over the past few years, this sad reality is evidenced by the explosion of social movements.  The rise of Black Lives Matter, the taking a knee to the National Anthem, reemergence of neo-Nazis and, most recently, the “safe space” movements on college campuses which embrace violence to protest conservative speakers.

All of these are symptomatic of an underlying frustration born of a lack of hope. This lack has manifested in race riots in Charlottesville and Baltimore as well as the more radicalized politics of Donald Trump and Bernie Sanders. At first, both of those candidates were considered so far removed from main stream politics that their supporters were the brunt of jokes and mockery. Yet here we are with Donald Trump as President and Bernie Sanders still supported by a loyal following.

While at first glance these protests seem to be about race, immigration or opposition to Donald Trump, I think they are really about hopelessness fueled by the dire state of our economy.

The U.S. economy has been growing steadily the last eight years. First, slowly under Obama, and now having taken off under Trump. The stock market is booming and job growth has begun. Yet, median incomes remain $60,000 and the average college debt is more than $30,000. The average cost of a house is upwards of $200,000. Even a decent apartment is beyond the financial reach of many.

Realizing that most Americans need more money in their pockets, the Trump Administration passed the new tax law which should help many Americans. Yet it sparked outrage among the Left. I think their reaction to the tax plan is based upon fear. With so many people living on the government dole, there is a general concern that since taxpayers will now be paying less taxes, less money will be going to fund these government dependency programs and that is the heart of the Left’s base. However, we are twenty trillion dollars in debt, with no solution in sight as private and public debt soar, so its beyond perplexing that the Left is worried about a new tax law rather than the massive amount of debt that hangs over all of our heads.

Not only is there little outrage over this massive debt, but there is virtually no outrage over the fact that Social Security is run as a Ponzi scheme. Everyone knows this. There are no segregated accounts and younger people pay for elderly peoples’ retirements. This farce could only be maintained in the public sector. Try to run a Ponzi scheme in the private sector, the way the government has run Social Security, and you’d likely wind up in prison.

Oh, right. Charles Ponzi did.

While the U.S. economy as a whole is not run as a Ponzi scheme, there have been many other schemes run on an unassuming and unaware public in order to keep the economy chugging along. These schemes have created massive advantages to the players who knew when, and how, the levers of profitability were being pulled. For example, the main beneficiaries of our economy have been people who had access to capital. Most recently, the wealthy have been able to benefit from the rise in the housing, stock markets and hard assets like gold. Those who cannot afford to play on the fields of banking, borrowing and investment, salaried employees who live on fixed wages, have (to the contrary) seen their purchasing power eroded at the same time those select few have been amassing fortunes.

The irony is that we are a nation with amazing economic numbers to be envied; yet, only a few have benefited from the boom.

It’s hard to wrap your brain around the reality that as asset prices soar so many are struggling and getting poorer. Even the mainstream media has a hard time understanding this paradox and, consequently, seems unable to accurately report it. So much so that when they cover the protests they report on the event (such as a Blacks Lives Matter march) as if in an intellectual vacuum while failing to report of the frustration that fuels the event.

Many years ago, I took a course on counter-terrorism presented by a British Royal Marine instructor who talked about how the British kept Northern Ireland in check. During one of the discussions, a senior U.S. Marine Officer made an observation about how U.S. Inner cities had become like war zones (think: downtown Detroit and parts of Baltimore). He  remarked on the steps our government took to make these places safer. One of things he cited was the role of the U.S. Post Office. It was, essentially, a jobs program for the underclass. The Post Office provided middle income jobs for people who really had no other economic alternatives. Those jobs acted as a stabilizing effect in the troubled cities.

The Officer’s comment bothered me. It was the first time I had grasped this notion: the U.S. government actually implemented jobs’ programs to pay off its citizens. What this Officer was really saying was that there would always be two economies: one for the poor and disenfranchised (who needed to be “paid off”) and one for everyone else.

Now twenty years later, as I reflect on his comments, the unrest and riots are getting worse.

I have often lived on the fringes of urban housing and substandard areas. As a result, I am intimately familiar with the frustration and rage that exists in those neighborhoods. Imagine how you would feel if you could look across the street and see your neighbors living the life of luxury while you knew your economic situation would never change. Many thought urban housing would provide a respite for families living in areas where typical housing was beyond their financial reality. However, all the project and subsidized housing did was assure that those who moved in stayed, or were stuck there, for generations. Like Lyndon Johnson’s War on Poverty, government largess creates more poverty.

What the U.S. economy really needs is a reality check and a return to normalcy. There are really only a few ways to do that and one is more likely that all the others. With twenty trillion dollars in debt resting on the backs of those least able to afford it, massive default is the probable outcome.

If you don’t think that causes hopelessness you’re just not paying attention.

Steve

sleeclark@gmail.com

Cut Out The Middleman If You Dare

We are living during an economic revolution wherein the “middleman” is being eliminated. In most cases this is good news. If you need a cab you now call Uber where both the driver and the passenger benefit. Cab companies no longer have a monopoly on who can drive and, most importantly, who can obtain a license (medallion) to do so. Uber opened the industry to millions of people who wanted to drive a cab and earn some money on the side but for whom obtaining a license was cost prohibitive and oftentimes a political impossibility.

Airbnb is another example of a company that has so benefited. Historically, if you needed a place to stay in a town you were unfamiliar with you had to go through a hotel booking site. No longer. Airbnb opened that market by allowing homeowners to rent out rooms and, in many cases, their whole house.

There are many other such examples but its not always the case.

Within the field of institutional finance it has been a disaster. Investment banks use to act as the middleman when it came to clearing transactions; but, with the advent of Dodd-Frank and the elimination of investment banks, there are no middlemen to clear trades. Nowhere is this more disastrous than in the bond market.

In life, the things we know are dwarfed by the things we don’t.  The bond market is boring to most people as they feel it has little consequence in their lives. In fact, the bond market greatly affects all of our lives. In 2008, it was the collapse of bond market that almost precipitated the entire destruction of our financial system. Therefore, its safe to say the bond market is something we should definitely try to understand.

Let’s do a basic primer.

The bond market is really the main determinate of what sets the rate for money.  Any time you need to buy a car, a house or apply for a credit card, the rate that applies is determined by current bond market rates. Thus the speed, quality and efficiency of the bond market affects all consumers in a variety of economic activities.

Prior to the bond market collapse of 2007-2008, investment banks would act as an intermediary for all bond transactions. When the market was selling off, bond traders at investment banks would come in and buy the bonds and act as a stabilizing effect on the markets. They did so because the market would reward them for assuming this risk.

However, after the collapse of 2008, investment banks ceased to exist, They were transformed into commercial banks. Under regulatory oversight and applicable law, commercial banks can’t use depositors’ monies for speculative purposes. In addition, the banks were further prohibited from taking speculative positions and could only transact when they had an available buyer and available seller on the other side.

Since these changes have been implemented, very little secondary trading takes place. Mutual funds and pension funds now know that when they buy a bond there is a good chance they will have to hold that instrument until maturity. They know it will be very hard to sell their bond holdings. These investment funds have very little turnover in their portfolios and are assuming greater and greater risk as a result.

Currently, with low volatility and low yields, nobody seems to be worried too much about this problem; but, crisis always hits the financial markets and what’s ahead will be no different. Although there has not been a financial crisis since 2008,  during the previous ten years there were four major shocks to the system: dot com bust in 2000; the Russian crisis in 1998; Long Term Capital bust in 1998, and the Asian crisis in 1997. The fact is: booms and busts are part of, and natural to, the credit cycle.

We have already seen a glimpse of what is to come with the collapse of the Third Avenue Focused Credit Fund in 2015. Given the problems the fund endured, it had to unwind. However, it took over two years to get the investors their money back. Why? Because the investors were trapped. There were no ready and willing buyers to buy those distressed assets. The fund was not huge. It had about five billion in assets. Imagine the problems that will come when a much larger funds needs to be liquidated. Now think about those investors who could not get their money out and had to raise liquidity to meet their own obligations in other ways.

What happens when you cut out the middleman out of the bond market is that panic ensues.

Here in the U.S., we have been quick to embrace many of the new technologies that eliminated the need for a middleman. But let’s be clear. Investment banks did very well for years clearing bond trades. Now that mechanism no longer exists. We are entering uncharted territory and this lack of a middleman should worry us all. What happens when a large pension fund is forced to sell off some of its assets and isn’t able to meet its redemption needs?  Are we going to tell the retirees to wait two years for their liquidity?

The technocrats point to Uber and Airbnb as companies that have benefited us all by cutting out the middleman. But, uh oh!, very few if any of these companies are making any money. The bet on these companies is that one day they will make money. Even titans like Amazon, Netflix and Tesla have struggled to make money because they have had to spend a fortune on growth. Such companies could only exist in an environment like the current one… where the financial markets are so distorted they can borrow unlimited amounts of money to fuel their growth.

Before the markets become rational again, and they will, there will be blood on the streets. Then, once again, markets will reward companies that make money and punish those that don’t. This is the way it has always been during rational times. We will again see the value of companies based upon the merits of their ideas and the profits those ideas generate. We will even see the error of government regulators in taking away the role of investment banks to naturally provide liquidity in the financial markets. Until then, buckle up.

Steve

sleeclark@gmail.com

Intel’s Bug is a Plague

This week it was revealed that Intel, the largest manufacturer of computer processors has, since 1995, been producing processors with an inherent bug. The bug provides a way to hack every computer and mobile device that has one of those processors. This translates into an incomprehensible amount of computers and mobile devises that can be hacked for the most private, and mistakenly believed, protected data.

We will inevitably lose our identities as we have lost our privacy.

While I am a lawyer, I am also a natural intuitive. Psychic, if you will. As a result of that inherent dichotomy in the way I am wired, I have always had two sets of nearly incompatible friends. One set is my left-brain, logical-rational friends and the other my right-brain, creative-intuitive friends. Most of the latter are psychics. People whose intuition is highly developed and who believe in concepts that make my left-brain friends roll their eyes in condescension and disbelief…concepts such as past lives, bi-location, astral projection and for purposes of this post, the lost continent of Atlantis.

It is human nature that when we encounter people whose world view is radically different than our own to see those people as either ignorant or crazy. After all, how else does one continue to put stock, not to mention faith, in one’s ideas and beliefs if not by negating those which present a direct challenge to our status quo? The latest example of this is how many people dismiss, even hate, Donald Trump…and none more than the hard core politicians and agenda driven individuals who have been running this country their way for a hundred years. But this is just one example.

Here’s another.

My psychic friends and I believe that Atlantis (and perhaps Lemuria) were civilizations that had advanced technologically to the point, or beyond, to which we have now arrived. As a result of misusing that advanced technology, combined with a corresponding lack of ethical and moral development, that civilization destroyed itself. Further, add to that historical perspective the concept of reincarnation and we believe that many of us alive today were also alive then, in Atlantis. We are, so to speak, “back.” It is our opportunity to “get it right” this time by not allowing the technology to control or destroy humanity.

Which brings me back to the Intel bug. We are most likely going to make the same mistakes again that were made in Atlantis. We are headed for destruction in several ways thanks to the proliferation of technological development alongside a dearth of moral, ethical, and social development of equal measure.

We are all addicted to the technology. You know it and I know it and anyone who says otherwise is in denial. From the couples and families who dine together while texting, to the waiting rooms at hospitals and public spaces filled with people all on their cell phones, to the internet shopping, to the manipulated news we allow to control our thinking, to the social media that is a vacuous substitute for real life…we are all addicted.

Now we are on the verge, through AI, of substituting robots for what is left of relationships. Men will be able to have female bot partners that satisfy their every carnal fantasy with no corresponding emotional demands while women will be able to have partners that satisfy their emotional needs without having to work so hard to make that happen or, in many instances, paying the price of their self-respect in order to even have a partner.  We will purchase our customized partners while human mates be damned. Japanese men have already shown us the future of what happens when you can choose between an emotionally complex (and perceived demanding sexual partner) and one that provides whatever is asked for while asking nothing in return. The Japanese men prefer the bots.

Isn’t that why we like our dogs and cats so much? Unconditional love, even when we neglect or abuse them? We get what we want and need while the “other” be damned. It’s easier that way, right? The problem is that what comes easy is generally unappreciated and undervalued. We find meaning in life from our struggles, from the things we strive, sweat and work for not from what comes easy. It’s one of the most profound lessons of human existence that we all learn, sooner or later. So having everything we want handed to us, or our every want and desire anticipated and satisfied, will not only be empty of meaning it will cripple and enslave us.

So, while it is typical that when most people hear the word psychic, or talk of alternate realities and reincarnation, they take it with a grain of salt…or not at all…those of us who have walked that path for all, or most, of our lives have seen this handwriting on the wall. We are headed for self-destruction. Not of a few individuals, but of the species as we know it.

Why?

Because regardless of how lifelike the bots are, or how advanced the AI becomes, none of it is human. At best these are all man-made substitutes. Only hubris leads us to conclude that we can replicate through technology what God has created. And like all forgeries, what we try and replicate will, in the end, be revealed for the fraud it is.

The Torah, the first Five Book of Moses commonly referred to as the “Old Testament” is instructive. This same hubris led humankind to build a tower to the heavens so that back then they, too, could be as God. The effort resulted in chaos, destruction and separation we still suffer from today.

Laugh at and dismiss the psychics, the intuitives with a sixth sense, if you will. But in your heart you know that we are in trouble and it isn’t Donald Trump, the Republicans or the Democrats that is the source of that trouble. It is us…and the disease that will wipe us out isn’t plague. Its hubris.

Carole (contact@carolegold.com)