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Special Report - The Prosperity Myth
23/March/2009 12:07 Filed in: Special
Report
Special Report – The Prosperity Myth
The only thing we have to fear is reality itself. That reality is that much of America’s and the world’s recent wealth was based solely upon a Prosperity Myth. Most people are now afraid to look at reality. Is that stress, fear, or lack of mature coping skills?
The psychoanalysis definition of narcissism is: Self-centeredness arising from failure to distinguish the self from external objects, either in very young babies or as a feature of mental disorder.
What is the foundation of your life? For most people today that foundation is money. “Show me the money,” is the cultural ethic for today’s world. Reverence for God is where your created reality truly finds ultimate meaning, flowing from your created past, through the present, and into eternity. However pretty much all religious institutions now are based on a paradigm, not of amazing grace, but “give to get.”
Pretty much everyone hopes for security, especially future security. However, now seems to be all we have, the future has become an illusion, because the Federal Government is aggressively playing with the future in the hopes of maintaining a myth of sustainable prosperity.
Last week I was reading an article, which used as an illustration the following Monetary Base graphic from the Federal Reserve. That article focused upon the tremendous gain in the Monetary Base in the very recent past. What I found quite interesting was the distinct similarity between this illustration and the data I used two weeks ago in a weekly column, “Trilogy – The Dow’s Hidden Reality.”
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The only thing we have to fear is reality itself. That reality is that much of America’s and the world’s recent wealth was based solely upon a Prosperity Myth. Most people are now afraid to look at reality. Is that stress, fear, or lack of mature coping skills?
The psychoanalysis definition of narcissism is: Self-centeredness arising from failure to distinguish the self from external objects, either in very young babies or as a feature of mental disorder.
What is the foundation of your life? For most people today that foundation is money. “Show me the money,” is the cultural ethic for today’s world. Reverence for God is where your created reality truly finds ultimate meaning, flowing from your created past, through the present, and into eternity. However pretty much all religious institutions now are based on a paradigm, not of amazing grace, but “give to get.”
Pretty much everyone hopes for security, especially future security. However, now seems to be all we have, the future has become an illusion, because the Federal Government is aggressively playing with the future in the hopes of maintaining a myth of sustainable prosperity.
Last week I was reading an article, which used as an illustration the following Monetary Base graphic from the Federal Reserve. That article focused upon the tremendous gain in the Monetary Base in the very recent past. What I found quite interesting was the distinct similarity between this illustration and the data I used two weeks ago in a weekly column, “Trilogy – The Dow’s Hidden Reality.”
Read More...