Monday, October 29, 2007

Sean David Morton on the economy

Natural psychic Sean David Morton was a guest on the overnight talk show Coast to Coast AM with George Noory on October 10, 2007. One of the topics discussed was the subprime mortgage situation and its effect on the economy:

SDM: “…The real challenge in the United States is we have only seen—the beginning of the collapse of the subprime lending market and within about the six months is when it’s going to get really bad. In the last seven years there have been 14 million subprime loans actually made…. You will see in the next sixty days or so they are going to foreclose on more than 50% of those loans. And when that happens—and you’re seeing just the beginning of it, but there’s whole areas…like areas in Pomona…areas around San Gabriel Mountains and San Bernadino [in California] that are looking at a 60-70% foreclosure rate…. You’re only seeing the tip of the iceberg of what’s going to happen. And the real terror of this is that I always thought that the revolution, or when people were really going to get up on their hind legs and get upset was not gonna happen in—amongst the proletariat, it wasn’t gonna happen in the ghettos. It was gonna happen when middle class people [start to lose]. They’re losing it now.
“…the material world as we know it is about to be shaken up. The material world with all these bankruptcies and all these things going on—people…are being grabbed by the roots, so to speak. And being uprooted and shaken. So you have these massive numbers of the population are now going to be on the move and they’re moving to places away from the [west] coast, where the real estate is more expensive, to places like New Mexico and Arizona….
“…there are going to be spiritual communities established in the next few years or so that are not going to be based on the material. And I think a lot of what I’m seeing politically and a lot of what I’m seeing in the economic markets…is going to lead, I think to the establishment of spiritual communities, not just in the United States, but across the world, that are not based on the old capitalistic paradigm and not based on the old monetary paradigm. These communities are gonna be based on spirit and based on the things that are closer to the earth, are closer to the family and the things that are really important to people….“

via WTAM 1100 Cleavland, Ohio

1 comment:

Unknown said...

SDM seems to be talking about an idealogy similar to that espoused by the famous anarchist Bob Black in his white paper "The Abolition of Work" which was about the end of "paid labor".