Best Supporting Actor

It was Academy Awards month. Movies. Video stores. Academy Awards. We have lived through an age when video has replaced the written word as a media of significant communicating.

Academy Awards. The movies of 2008. Stories with relevance.

Stories with relevance. “Last week the Federal Reserve released the results of the latest Survey of Consumer Finances, Paul Krugman wrote today. The bottom line of this a triennial report on the assets and liabilities of American households “is that there has been basically no wealth creation at all since the turn of the millennium: The net worth of the average U.S. household, adjusted for inflation, is lower now than it was in 2001.”

“At one level this should come as no surprise. For most of the last decade America was a nation of borrowers and spenders, not savers. The personal savings rate dropped from 9 percent in the 1980s to 5 percent in the 1990s, to just 0.6 percent from 2005 to 2007, and household debt grew much faster than personal income.”

How did this all affect you? Market manipulators. Those stock brokers. Wanting money to manipulate.

How did this all affect you? Falling incomes. Now in a failing economy. If you did not know, it was worse overseas. In Latvia. In Ireland. With the banks of Austria and England.

In the crises of these times, what was the message in the most recent creations? If God is going to continue to influence our times, on a conscious level. In the 1930s, as the great American economist Irving Fisher pointed out, “attempts to sell assets and pay off debt deepen the plunge in asset prices, further reducing net worth. Attempts to save more translate into a collapse of consumer demand, deepening the economic slump, Krugman wrote. When they realize they have too much debt, the things people and companies do tend to be self-defeating. When everyone tries to do them all at the same time.

And we are in deep trouble. Deeper trouble than most people realize even now, Paul Krugman wrote.

Academy Awards. A feast when you realize that famine is real.

Real stories. Remember the year 2000 problem? It was only supposed to involve our computers. Not out net worth. Wanting to run away and start over. The New Millennium.

It has been quite a decade. With hanging chads. With September 11, 2001. And now all this.

Life. When you realize you are gonna die. Foxholes. People finding religion in foxholes. God as the main actor in creation. God now cast on too many days, in His humble role as a supporting actor. Or God simply now a part of my audience. Aware of me. And me of Him. His past was an actor, the main player. And now as some kind of Producer and Director, for some of us. The actors needed to pay more attention?


No comments yet

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: