Wednesday, June 3, 2009

When the 'money god' fails us

  There are numerous horror stories out there, of people suddenly unable to meet their obligations.  With two incomes gone, and  no longer able to paper over the massive mortgage, personal credit card debts, and now having to declare bankruptcy, it is a terrible awakening to a reality now facing us.  
  For too long our country has afforded lifestyles which are no longer possible.  We have promised wages which were way too high. We have advertised stuff which could not possibly deliver what was promised.  We were living beyond our means in more ways than one. Yesterday GM declared bankruptcy.  Today, it could be an airline company going down the tube.
  Has money so controlled us that we forgot all about the Depression of the 20-30s?  In those days we learned Interdependence.  One corn planter had to be shared by 5 farmers.  One boar had to service the sows of 5 different farms.  Sunday afternoon prayer meetings were given to beg the Giver of life  for rain for the crops.  You borrowed money to put in a crop, hoping to have the crop to pay back the loan. You found ways to recycle before the word was invented.

3 comments:

  1. the banks, those who have received
    the largest bailouts, have all gone into a consortium wherein they can
    continue to do the kind of default derivatives which have been
    questionable, because we were all overextended, and for too long..
    The default derivatives are bets placed on promise: if certain loans
    are guaranteed to fail, there will be buyers for those defaulted
    properties: larger and larger blocks of property which can now be had
    for a song. And the insurers will have to make up the difference. It
    is all in the interest of creating wealth. When you are borrowing
    money, even if the ability to pay it back is badly compromised, you
    are creating wealth. That is theory, but it appears to work.
    Example: In 1972, on a GI loan, I borrowed the full price (no down
    payment) ($22000, on a 30 yr fixed interest at 7%) of the house we
    own. I had no guarantee that I would be totally able to pay the money
    back. Of course it was an insured loan. A GI loan had certain
    protections, but it was probably our good name which helped in getting
    the loan. Besides the RE agent helping us needed to earn, and the
    bank earned plenty in loaning the money. In 30 years I had paid back
    twice what I borrowed. But, only 8 months later (Dec 1972 I was under
    pressure to resign my post, and did it sadly, but victory came later).
    Thankfully Mary Jean was working (as a beginning nurses here monthly
    way could have been $676). Half of that had to go toward the house
    payment. And then my career as a property appraiser began, Jan 1973.
    Who was doing the betting? We were doing the betting, and we won. The
    house is paid for and we have money in the bank. Because Vancouver was
    growing faster and because property was cheap, we bet on winning in
    the housing market. It was a necessary tax shelter for us, because we
    were a 2 income family and young people in college

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  2. A Prayer by Archbishop Oscar Romero




    It helps, now and then, to step back and take a long view.

    The kingdom is not only beyond our efforts, it is even beyond our vision.

    We accomplish in our lifetime only a tiny fraction of the magnificent enterprise that is God’s work.

    Nothing we do is complete, which is a way of saying that the Kingdom always lies beyond us.

    No statement says all that could be said.

    No prayer fully expresses our faith.

    No confession brings perfection.

    No pastoral visit brings wholeness.

    No program accomplishes the Church’s mission.

    No set of goals and objectives includes everything.

    This is what we are about.

    We plant the seeds that one day will grow.

    We water seeds already planted, knowing that they hold future promise.

    We lay foundations that will need further development.

    We provide yeast that produces far beyond our capabilities.

    We cannot do everything, and there is a sense of liberation in realizing that.

    This enables us to do something, and to do it very well.

    It may be incomplete, but it is a beginning, a step along the way, an opportunity for the Lord’s grace to enter and do the rest.

    We may never see the end results, but that is the difference between the master builder and the worker.

    We are workers, not master builders; ministers, not messiahs.

    We are prophets of a future not our own.

    Oscar A. Romero, Archbishop of San Salvador, in El Salvador, was assassinated on March 24, 1980, while celebrating Mass in a small chapel in a cancer hospital where he lived. He had always been close to his people, preached a prophetic gospel, denouncing the injustice in his country and supporting the development of popular and mass organizations. He became the voice of the Salvadoran people when all other channels of expression had been crushed by the repression.

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  3. cher
    show details 9:28 PM (8 minutes ago)
    Our political process of finding and supporting the best leadership
    for our country has lost it's focus: ' that we are first and foremost
    Americans.' We are too often polarized between liberal and
    conservative, between for or against war, between Republican or
    Democrat in the extreme. It becomes much more frightening and
    troubling when people start demonizing other people in the other
    camps. And why should we not expect the other camp to do the same
    demonizing? Even the 'Right to Life' people are Americans first, and
    'Abortion doctors are Americans first.' In this country we do our
    debate in the open.
    I suppose we are caught in the web of thinking negatively about
    differences between us and others. Real thinking has stopped and then
    it's a matter of name calling and demonizing. But, stop and think for
    a moment. If you cannot say anything good about another, then say
    nothing at all. That is well placed advice in such a time as ours.
    Instead of demonizing, why not try to divinize....that is, to see
    something really good about others, though on first thought, it may
    seem impossible. That is it, though. We must see others as the Divine,
    as the Other, the Good which has to be in all of us. None of us comes
    into this world with perfection. Instead of exaggerating our
    differences, we need to work toward the Union and Unity in which we
    already stand. Let us recover the
    E Pluribus Unum, 'from the

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