In the “Roaring Twenties” this country enjoyed a post-war boom that saw the rapid development of consumer goods, and the invention of consumer debt (layaway), as well as advances in technology (the “golden age of radio.”) The overall good feeling of prosperity was reflected in the popular music of that time…jazz.
That era ended abruptly on October 29, 1929, also known as Black Tuesday, as stock prices on Wall Street collapsed. Sound familiar?
Eighty years later, we’ve ridden a similar wave of euphoria. Enjoying advances in broadband, electronics, and nano- technologies. Consumer spending reached magnificent levels and credit card debt mushroomed. We were living the “Roaring 00s” until $2 trillion in paper wealth evaporated this past summer.
For many Americans, their world was turned topsy-turvy. The illusion of wealth evaporated with plummeting home values and shinking retirement accounts. Homes shifted from being assets to being liabilities as many found themselves “upside down” on their mortgage.
What’s next? What are the lessons for each of us to learn? The valuation of publically-traded companies changes day-by-day, even hour-to-hour. Is this “perception of value” the same thing as real value? What do you consider valuable?
In the upcoming year, we have a golden opportunity to reevaluate what we consider valuable. In the eyes of God, each and every person is an “asset” and has infinite value. We each bring our unique talents to the planet. When we align our abilities with the highest good for all, we intuitively undertake right action, and incredible things are possible.
I’m sure that those who’ve lost jobs and 401Ks are challenged by their circumstances and may feel discouraged, but in the face of adversity we often discover our greatest strengths. If you know someone who is struggling, do your best to encourage them. You’ll find that giving encouragement will not only help them, but you will feel better too.
Have a Blessed New Year,
Tony Cecala
About Tony Cecala
Tony is a business strategist. He publishes the Holistic Networker and produces the Wellness Expo. In his spare time he reads about technology and the mind.
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