Hi, I am a Bahai in England soon to be moving to the United States and was wanting to find out more on the Bahai perspective on the credit crunch and the collapse of the financial institutions. From my understanding the situation will get much worse before it gets better by finding spiritual solutions to economic problems. Of course personally, I wonder if it is a good or bad time to buy a property in America. People say it has reached its bottom but maybe it will get much worse?
We just traveled to the UK last year and it was a sticker shock, but well worth the expense. It's probably a good time to buy property here, depending on where you want to live. I recommend Austin, TX because houses are still fairly inexpensive and they have an awesome Baha'i and interfaith community.
I don't think there's a Baha'i view on the economic crisis except, well, it was to be expected. The writings talk about the dangers of human greed being rationalized as "impersonal market forces" in my personal opinion it's a case of karma. The economic deficit has its roots in a spiritual deficit.
I can't help wonder if this is Baha'u'llah wrote about that would cause the limbs of mankind to quake -- the thing that would cause us to reach toward unity seriously.
One can only hope and pray.