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Political Investing?

10 Jan

Asset Classes:  Paper vs. Physical [courtesy Google Images]

Asset Classes: Paper vs. Physical
[courtesy Google Images]

Marc Lichtenfeld is the Director of Research for Access Research Group.  According to Investment U Daily,

 

Last year, Marc Lichtenfeld predicted a big year for healthcare stocks, especially for HCA Holdings, Health Management Associates and Omega Healthcare Investors.  A year later, those stocks have gone up as much as 55%, 79% and 54%.

“Marc also recommended two of the biggest performing stocks in the market this year: Celldex Therapeutics and NPS Pharmaceuticals were up 419% and 188% respectively.”

 

Clearly, Mr. Lictenfeld’s predictions were remarkable.

But, what was the basis for his predictions?  Did he intensely study the corporate structure and earnings capability for each of those corporations?

Or did Mr. Lictenfeld first study the political environment that was or would be prevalent in A.D. 2013?

After all, it’s hard to see how any one corporation’s stock could rise 54% to 419% in one year, unless either: 1) it was hugely undervalued in the previous year; or, 2) something spectacular and unexpected happened to the corporation’s earning capacity.

For example, suppose a corporation owned 20,000 acres of waste land in A.D. 2012 but they discovered oil there in A.D. 2013—could that cause that corporation’s stock to jump dramatically and unexpectedly?

Of course.

But, when we talk about the prices of several stocks jumping dramatically higher in one year, we can’t assume that each of them found oil in their former waste lands.

And when we find the prices of several stocks in the same industry jumping dramatically higher, we can’t easily assume that each of these exceptional stocks were suddenly enriched by better management.

Instead, when we see that the prices of several healthcare industry stocks jumped dramatically, we have to presume that something happened in the political or economic environment that directly benefited the healthcare industry and thereby indirectly benefited some of the healthcare industry’s stocks.

What happened circa A.D. 2013 to benefit much of the healthcare industry?

Obamacare.

Therefore, I suspect that Mr. Lictenfeld’s remarkable stock predictions were based less on an analysis of the intrinsic economic potential of individual stocks in the healthcare industry than on an astute analysis of the political and economic implication of Obamacare.

Further, insofar as government has decided to support and manipulate the stock market, if you want to be a savvy investor, you’ll need to study government as much or more than individual stocks.   If you can understand the implications of government policies—especially if you know about those policies before the majority of investors—you can do well in the stock market—even if you know little or nothing about a particular stock or industry sector.

Therefore, I suspect that Mr. Lictenfeld made some very astute and fantastically profitable stock investment picks in A.D. 2013 because of his knowledge of politics moreso than corporations.

 

•  Do you suppose that healthcare stocks will be similarly profitable in A.D. 2014?

It depends on Washington politics, doesn’t it?

What will be the political impact on healthcare stocks if Obamacare tanks in 2014? We can suppose that if Obamacare drove healthcare stock prices higher last year, a revocation of Obamacare in A.D. 2014 could push the prices of healthcare stocks down.

And, insofar as Washington politics are holding stocks up and gold down, how long do you suppose those politics can continue?  How much longer do you suppose that a government that is already technically bankrupt can continue to exert enough influence to keep stocks up and gold down?

 

•  In the same sense that Mark Lictenfeld made some dramatically profitable stock picks in 2013 (presumably based on his reading of the political and economic implications of Washington politics), Melody Cedarstrom and I have been making our own predictions of the ultimate implications of Washington politics on the price of gold.

The difference between Mr. Lictenfeld’s predictions and our own is that Mr. Lictenfeld was able to make astute predictions within a single year because he knew exactly what the government would do that year (they’d implement Obamacare).

Melody’s predictions and my own are less specific.  We don’t know and can’t say exactly what the government will do in A.D. 2014.  We don’t know and can’t say what the government will be capable of doing in A.D. 2014, or A.D 2015, etc.  Therefore, we can’t predict which particular year will mark the return of gold’s bull market.  Nevertheless, we can predict the inevitable:  the prices of gold and silver will rise this year and on several years into the future.  But when will gold hit $3,000 an ounce?  $5,000?  $25,000?

We don’t know.

But we do know that just as surely as Obamacare enriched some healthcare stocks in 2013, the day is coming when the national debt and fiat currency will cause the price of gold to skyrocket.

Sooner or later, Washington’s political power to deny reality will fail.  When reality finally overpowers the lies and illusions of politics, Washington’s support for stocks and suppression of gold will fail.  Result?  Those holding gold will be dramatically enriched.

 

•  But when, when, when will this happen?

Here’s a quote from silver analyst Ted Butler that may suggest an answer to my question:

 

“The CME Group (owner-operator of the Comex) lists a spot month position limit and monthly limit on actual deliveries of 7.5 million silver oz. and 300,000 gold ounces by any one trader.  Yet the CME is reporting that JPMorgan in its house account took delivery of more than double the amount of gold allowed in any one month.

“Since JPMorgan held the 6,254 gold contracts from first delivery day forward, it also means that JPM was in violation of CME rules limiting spot month holdings in gold futures of 3,000 contracts for the entire month.

“I’m sure, if pressed, the CME could come up with some cockamamie excuse why JPMorgan was allowed to hold and take delivery of so many gold and silver contracts in one month, but the real reason is that JPMorgan is above all rules and law.”

 

Maybe so.

But, is JPMorgan really “above all rules and law”?  Is JPMorgan really a criminal enterprise?

Or, is JPMorgan so vulnerable to financial collapse right now that it’s desperate to survive, within the law or without?

Ted Butler didn’t say so, but his text might still be interpreted to raise the following question:  Is the whole financial system so fragile right now, that the bankruptcy of an entity as large as JPMorgan would surely collapse the national and even global financial systems?

If so, is JPMorgan being allowed to break the rules because it’s so powerful?  Or is JPMorgan being allowed to break the rules right now because if it fails, it’ll cause the national and even global financial systems (that are extremely vulnerable right now) to be plunged into bankruptcy, economic depression and chaos?

Again, Ted Butler didn’t say so, but his text might be viewed as evidence that the national and global financial systems are so fragile right now that that the big players are allowed to commit crimes to prevent what might be an imminent collapse.

Bill Holter offered another clue to the “Riddle of When?” that also touches on JPMorgan’s peculiar conduct.

 

There is a COMEX Dec. delivery problem.  As of right now [mid-December, 2013], dealers barely have enough gold to make settlement.  The total standing (and stood) for delivery is 667,000 ounces of gold, just under 21 tons.  After deducting what has been delivered, there looks to be about 9 1/2 tons left to be delivered upon while the dealers have just less than 10 tons available.

Interestingly, JP Morgan has ‘stopped’ 97% of all deliveries so far, so they are accumulating the metal.  This is not a new story and we have watched it as it has unfolded all month long but may act as a spark that connects the dots.”

Connect what “dots”?

The timing “dots”.

If COMEX barely escaped running out of physical gold in December and might run out in January, and if JPMorgan is refusing to deliver gold but is instead “accumulating,” then we can reasonably suspect that JPMorgan knows that the moment is near when government will fail to control the markets and the price of gold may be allowed to skyrocket.   If so, JPMorgan may be stockpiling gold in order to take advantage of an imminent and significant rise in the price of gold.

We don’t know for sure, but it seems reasonable to suppose that the moment of gold’s price resurgence might occur as soon as the first or second quarters of 2014.

 

•  In fact, COMEX’s capacity to deliver physical gold will ultimately control when the paper gold market collapses and the price of physical gold explodes.

So long as gold investors consented to accept gold certificates (paper gold; “fool’s gold”; promises to later “pay” in actual gold) or paper dollars in return for their gold investments, paper gold could be used to manipulate the market.  Why?  Because it’s easy to spin “paper gold” out of thin air.  Therefore, there’s an unlimited supply of paper gold that can be used to drive the price of paper gold—and, by implication, physical gold—downward.

But.  People accept paper gold based on the presumption that “paper gold” is “good as [physical] gold”—meaning that you can always trade your paper gold certificates for physical gold.

So.  If COMEX markets are suddenly forced to admit that they have no physical gold and can’t make good on their paper promises to pay in terms of physical gold, the COMEX paper gold will be suddenly seen as worthless and the price of physical gold will soar.

Why?  Because the government, Federal Reserve and COMEX can spin paper gold out of thin air, but they can’t spin physical gold.   When the paper gold is no longer redeemable in physical gold, the presumed equivalence between the prices of paper and physical gold will be rebutted.  Inevitable result?  The current price of paper gold will crash while the price of physical gold soars.

Bill Holter adds,

 

“We also know that China has imported through Hong Kong an amount of gold over the past 2 years equal to 50% of ALL gold that was mined over that time.  HALF!  Then of course you must add in the demand from India, Russia, Europe and the rest of the world.  Demand without a doubt has equaled and most probably close to doubled “current production,” the supply has had to come from somewhere.  That “somewhere” is obviously the western central bank hordes.

“The question remains, ‘how much is left?’”

 

If Bill Holter’s reports on COMEX running out of gold and JPMorgan stockpiling gold are accurate, it appears that the moment when COMEX can’t redeem paper gold with physical gold may be imminent.  If JPMorgan is stockpiling gold now, we might presume that JPMorgan knows that the price of gold will soon rise dramatically.

If Holter’s suspicion (that much of the gold purchased by China over the past two years was taken from Western bank vaults) is true, then it also follows that we may be at a moment when the US, Federal Reserve and other western central banks are about out of gold.

Today, when it’s presumed that the US Treasury holds about 8,200 tons of gold, the price of gold is about $1,245.  But what would the price of gold be if the US Treasury admitted that it holds only 1,000 tons of gold?

No one knows.  But you can bet that the price of gold would rise dramatically if it turns out that our 8,200 tons of gold exist only in our memories—not in US Treasury vaults.

More, if there’s no longer a central bank or sovereign government source for gold and no way to make good on COMEX promises to pay in physical gold, then a dramatic break between the prices of paper and physical gold should be close.

If so, we may be about to witness a moment that’ll be the “mother” of all economic dominos and which will trigger economic chaos and a soaring price for physical gold.

Got gold?

 

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29 responses to “Political Investing?

  1. Martens

    January 10, 2014 at 2:20 PM

    It’s very revealing that JPMorgan is accumulating gold right now, because they also happen to be one of the main players responsible for the ongoing downward manipulation of the price of gold.

    This is a classic maneuver among those who manipulate markets. It means JPMorgan, or the individuals and families who control it, are getting in ahead of a big move to the upside in the price gold.

     
    • Jetlag

      January 10, 2014 at 2:48 PM

      Remember when GATA made news by suing the gold cartel for suppressing the price of gold? This happened around 2001, if I recall correctly. FYI, the list of defendants:

      Goldman Sachs
      JPMorgan Chase
      Citigroup
      Deutsche Bank
      International Monetary Fund
      Exchange Stabilization Fund (US government)
      Bank for International Settlements
      Alan Greenspan
      William J. McDonough
      Lawrence Summers (US government)
      Paul O’Neill (US government)

       
  2. Adrian

    January 10, 2014 at 3:26 PM

    This is deja vu,voodoo economics or I should said,jew economics.
    The whole World economics is based on speculations.
    The old expresion: Mondo cane holds absolut truth.
    The heart of any form of economy relies on the manufacturing industries.
    America had ITS share for a good while.
    The Globalist have a different plan for America.No wonder why all the manufacturing jobs went to China.
    Without a governing body for the American people,America has gone to the dogs.
    Privatization was the Globalist plan to shift the economics around in their favor.
    These anti nationalists have demolished the human societies.
    Thru privatization,this corporate MAFIA controls the World’s economy.
    Central banks were the stepping stones for their success.
    A World currency is to follow and is going to be paperless.
    The” mark of the beast” will be the key to the bank.
    You even sbmit and live or don’t and die.

     
    • J.M.

      January 18, 2014 at 12:52 PM

      @ >The” mark of the beast” will be the key to the bank.
      You even sbmit and live or don’t and die.

      I know it’s none of my business to ask you which choice you will make, So what do think is the best choice for most people? Everybody wants to go to heaven but nobody wants to die. What is the best choice overall?

       
      • Adask

        January 18, 2014 at 1:14 PM

        The best choice, obviously, is Heaven. But choosing to die or choosing to allow yourself to die in this life is so “counter-intuitive” that it’s a very difficult choice. We are made in God’s image. Because of that similarity, it’s unlawful to kill a man. It would seem to also unlawful to sacrifice your own “image of God” (your life). Tough call.

         
  3. J.M.

    January 11, 2014 at 10:20 AM

    Why do most people comment but refuse to answer any questions regarding his/her comment ? To me, there is no such thing as a stupid question.

     
    • J.M.

      January 11, 2014 at 10:29 AM

      Correction
      “The only stupid question to me, is the one left unasked

       
  4. J.M.

    January 18, 2014 at 11:46 PM

    @ >The best choice, obviously, is Heaven.
    I know what my choice will be/is. It’s an easy choice for me because I KNOW I’m gonna die sooner or later anyway. What difference does extending it for a few more days make when it’s the end result that we should consider? I believe I know what Adrian’s choice is/will be, too. Notice he did not respond ? He is sharper than I thought. It is sad.

     
  5. Adrian

    January 19, 2014 at 3:39 PM

    Heaven is what you’re choosing,reality is what you’re getting.

     
    • J.M.

      January 20, 2014 at 1:55 AM

      Adrian,
      @ >Heaven is what you’re choosing,reality is what you’re getting.

      Actually, we don’t go to heaven or hell when we die.We go to the grave period point blank & that’s all she wrote dear John I sent yo saddle home. HOWEVER, there are 3 resurrections spoken of in the Holy Bible. AND IF NOT for those resurrections, we would remain in the graves for eternity. I know you do not believe anything written in the Holy Bible, so I will not bore you with the purpose of the 1st, 2nd or 3rd resurrection except to say if you die believing then as you do now you certainly will not be in the first resurrection. It is my hope you will be in the 2nd. God forbid, not the 3rd. If you are in the 2nd there is still hope we can get together & discuss things from a newer knowledge & understanding. The biggest heartaches & crushing disappointments,etc in my life came from those whom I thought were Christians only to find out to my sorrow it was only a front. Don’t let the phonies get to you. I have a feeling you have never met a real Christian. That would be someone who would bend over backwards to make you happy, joyful etc. unless you think joy & happiness is getting drunk, depriving another of something that is his or hers. I think there are more & many more people who want to GET & not GIVE. I certainly can see why some people don’t want to have anything to do with any kind of “religious” people. I have experienced enough of the bad myself. BUT if this bad was supernaturally not allowed to transpire we would not know that there are phonies,liars,thieves etc. IF IF IF this life is ALL there is, then Adrian, you are right. We try to make any god or “God” fit in with our finite mind, if it doesn’t fit, we acquit, dismiss it as being just a farfetched bunch of nonsense. We try to make “God” in our image, in other words. The BEST of everything to you & yours, Adrian. Tell me if you have an unusual experience in the next few hours.

       
    • Adask

      January 20, 2014 at 2:14 AM

      Conversely, those who choose only this world may get only this world. Heaven may be reserved for those those who choose Heaven over this “reality”.

      Perhaps those who, for whatever reason, can see only this “reality” lack a vital sixth or seventh or tenth sense that enables some to see or sense eternity.

      Just because I’ve never seen the Great Wall of China doesn’t prove that it doesn’t exist. Similarly, just because some can’t see/sense Heaven, doesn’t mean that Heaven doesn’t exist.

      But it might be that Heaven does not exist for those who are not called to sense it, however faintly, in the midst of “this reality”.

       
      • J.M.

        January 23, 2014 at 12:03 AM

        Well said. I may be wrong, but I think Adrain has been hurt & hurt BAD. If this is the true reason he thinks there is not a Higher power he is certainly not incorrigible. Only the incorrigible will experience the “second death” The Bible does say that the “wise” of the earth are wiser than the children of The Almighty. I may not have this wording exactly right but I remember it’s something close to this. Yartap will know what I’m trying to say & mention the scripture. Hey Yartap, help.

         
      • J.M.

        January 23, 2014 at 12:18 AM

        @ it’s unlawful to kill a man.
        Murdering a man is one thing. Killing a man is another. Consider what Moses did to the Egyptian. Didn’t seem to hurt his standing with his maker. But I don’t know if Moses killed the man or murdered him I do know the Egyptian died. But, you are right when you say, Thou shalt not commit murder. I may very well give someone just cause to kill me but if someone breaks into my home to steal from me & he kills me in the process, he really didn’t kill me,he murdered me. Either way, I died, Ain’t no doubt about that. Jesus went fishing once in a while. I don’t believe he murdered the fish he caught but I don’t think he ate them while they were still flopping either.

         
  6. Cody

    January 20, 2014 at 12:26 AM

     
  7. Adrian

    January 23, 2014 at 2:45 PM

    As churches and religion teach people,poverty is the way to heaven.
    I don’t see these perverted teachers choosing poverty.
    Only suckers do.
    Remember the law of the land: from dust to dust.

     
    • J.M.

      January 23, 2014 at 4:02 PM

      @ As churches and religion teach people,poverty is the way to heaven.
      I agree IF you are saying it’s every church you are aware of. Out of all the churches & you know there are too many to count, only one is right. Adrian, as you say ,”your boy Jesus”, Well Adrian, he was wealthy, his lineage stemmed from a King. Even as a new born baby “The wise men brought him gifts that were given ONLY to KINGS. But we both know a King cannot rule as a baby. If you,Adrian are a King, & you had a son,what would he be?

      @I don’t see these perverted teachers choosing poverty.
      I don’t either

      @ Only suckers do.
      I call them poor misguided & deceived. Adrian, are you wealthy?

      @ from dust to dust.
      What is your source for that information?

       
      • Adrian

        January 23, 2014 at 4:24 PM

        Matterial reality is all we have,all we are.
        This caracter JESUS was no different than those perverted prechers I was telling you about.
        Above all HE was a jew.
        Most of the Globalists are jews.They promote this messianic fake idea.
        They are all parasites.We need to get rid of them.
        Salvation is liberation from dogmatic religion.

         
      • Adask

        January 24, 2014 at 12:02 AM

        I don’t believe that poverty is, in and of itself, the “way to Heaven”. I don’t believe the Bible says the “poverty is the way,” either. But the Bible does say that the “love of money is the root of all evil”. Thus, while a poor man’s poverty may not get him into Heaven, a rich man’s wealth might be deemed evidence of the rich man’s “love of money”. Thus, the Christ’s comment that it’s easier to pass a camel through the eye of a needle than to get a rich man into Heaven–but with God all things are possible. Your poverty won’t necessarily save you (plenty of poor people “love” money) and your wealth won’t necessarily condemn you–but they might help do so.

        My point is that those who intentionally embrace poverty are creating a bit of prima facie evidence that they do not “love” money. For such people, intentional poverty is not the absence of wealth so much as evidence of the rejection of the “love of money”.

        The salvation, if any, that’s associated with poverty is not about being poor, but rather about rejecting the love of money that’s probably present in anyone who seeks or acquires significant riches.

         
  8. J.M.

    January 23, 2014 at 7:30 PM

    @They are all parasites.We need to get rid of them.
    Any suggestions ?
    Also, you did not tell me the source of your belief of > dust to dust. How did you ever come up with that dust to dust theory? How did you discover that?

     
  9. J.M.

    January 24, 2014 at 10:03 PM

    Adask
    @ > January 24, 2014 at 12:02 AM
    Jesus said unto him, If thou wilt be perfect, go and sell that thou hast, and give to the poor, and thou shalt have treasure in heaven: and come and follow me.

    But when the young man heard that saying, he went away sorrowful: for he had great possessions.

    His possessions were really the # 1 thing in his life. He just could not give that up. This was just asking too much, like the straw that broke the camel’s back.There were wealthy men in the Bible that DID put “God” # 1 ahead of their possessions. Not all did, but some did. The “beloved” will put God # 1 in their life. God promises to supply ALL that is needed. Really, if we want or lust for MORE than we need, it is not a godly trait The “beloved” will not lust for neither have the love of money. BUT being wealthy is not a bad thing by any means. God himself is not exactly a pauper. As far as Jesus saying, he had no place to lay his head, I got lost one time in a remote area. It was at night time. I ran out of gas. I just sit there, wondering what to do. I decided to start walking. I walked till I could not walk another step. There was not anything for miles around. I did not have any place to lay my head either. AND at that time, I had a wallet full of money. A wallet full of money still is not a very good pillow It’s seemingly impossible for some people to believe that Jesus WAS wealthy,but he was. His “step dad” Joseph was extremely wealthy.
    Jesus did not have to die. He really did not. He could have been like the rich young man & said, Father, you have asked me to do more than I can. I thought I could but now that I see what it’s like first hand, & being that I am flesh I see now I cannot. I’m glad he had the “character” to see it through. If he didn’t I would not be typing this message to you. I am having 2nd thoughts about Adrian. But It’s really between him & his maker, it’s none of my business. I just tried to let him know that I care about him. Maybe it’s because, to him, I am one of those jew people too. If trying to be like Jesus as much as I can, is being another one of those jew people, then, YES I AM another one of those jew people. Adrian says,>this caracter JESUS was no different than those perverted prechers I was telling you about..Above all HE was a jew.
    Poor Adrain, I feel sorry for him. He is so lost.

     
  10. J.M.

    January 24, 2014 at 10:34 PM

    P.S. Alfred, you are rich & maybe don’t know it. However I say this based on what little I do know. If you have the 3 essentials,what more do you need? I’m not talking about wants.You know what? I was wealthy once upon a time. I had been trying to follow “God” ways at least as best as I understood how to do it.I was dirt poor when I started trying to do it his way. Later on, I had a 5 bedroom home, 5 different luxury automobiles & so on. I was “enjoying life so much,” & after he “blessed me” & looking back on what transpired, I didn’t need him anymore. He went to the back burner on the stove & finally off the stove altogether. Next thing I know, things started going wrong. To make a long story short, I went back to being dirt poor. Once again I saw I needed God, again.Today, ALL of my “needs” are provided. & I have asked God not to bless me anymore than I already am because I never again want to be in the position of no longer thinking I don’t need him. I say keep me down Lord, this will help me to straighten up …. & fly right. Every time I took a fall you always lifted me, & I was free & on my way away from you. I do not need anymore than I have. It helps me to know who & where I am. I like this comfort zone.

     
  11. J.M.

    January 25, 2014 at 3:46 AM

    @ My point is that those who intentionally embrace poverty are creating a bit of prima facie evidence that they do not “love” money. For such people, intentional poverty is not the absence of wealth so much as evidence of the rejection of the “love of money”.
    Well, I understand it the same way, so We’re in harmony about that. Agreed

    Poverty by the world’s standards or poverty by God’s standards?

    Matthew 6:31,>So do not worry, saying, ‘What shall we eat?’ or ‘What shall we drink?’ or ‘What shall we wear?’ 32 For the pagans run after all these things, and your heavenly Father knows that you need them. 33 But seek first his kingdom and his righteousness, and all these things will be given to you as well. 34Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.

    I told dejure that I, (“by the world’s standards”) am 6,000 + BELOW the poverty level. I see however, the scriptures say that the things needed, will be provided IF we understand what verse 33 says. I would bet my life,literally, that you have these needed things. The starving hordes you spoke of apparently don’t. But if they are allowed to come into this U.S., well maybe that will make the end come faster. IF you have the 3 essentials & no more than that you are not in the eyes of “God” living in poverty, but, by the world’s standards, you are. So am I. Wanna make a little bet? By the world’s standards I bet you I am deeper in poverty than you are. My needs are met daily. & daily only. They may not be met tomorrow, but I believe they will be met. Many people do not understand that the Apostle Paul wrote most of what is in the New Testament from Prison. It’s called today, 3 hots & a cot. Still,he had the 3 essentials.
    P.S. I believe dejure is a Godsend. I know you cannot possibly read every message, but I wish you could read his. He understands who is running this present evil world. He is a good man Alfred. He has been on the inside of what we’re on the outside struggling with. What a blessing. At least I think so.

     
    • Adask

      January 25, 2014 at 6:18 AM

      I agree. dejure makes almost astonishing contributions. I’m hoping to talk to him one of these days.

       
      • J.M.

        January 25, 2014 at 2:16 PM

        @ I agree. dejure makes almost astonishing contributions. I’m hoping to talk to him one of these days.
        Thank you heavenly Father in the name of your Son, our elder brother.

         
  12. Adask

    January 25, 2014 at 3:51 AM

    I have never been inclined to pursue money. Virtually all of my friends did, all of my neighbors did–with varying levels of success. There’s never been a time when I wouldn’t rather have had more money, but if it came, fine, and if it didn’t, I was neither upset or frightened.

    I could’ve dedicated my life to making money and probably succeeded to some significant degree. But I could never “get into it”. I was always more interested in seeing and understanding the world than I was in acquiring more money. For most of my life, my indifference to making money bothered me; it seemed like a disability. I didn’t really care about busting ass to own a big house or a new car? How do you explain to people (especially most women) that 1) you don’t much care about money; but 2) you are still a worthy and interesting man?

    That’s very difficult. In this country, if you don’t have, make or lust for a lot of money, you’re viewed as strange. It’s as if you have Down’s syndrome. You’re tolerated, but you don’t ever really participate.

    But, for me, the mad pursuit for mo’ money, mo’ money, mo’ money was simply not my nature. I just couldn’t fake being greedy or even particularly ambitious–and so, I was not. Again, this indifference to money bothered me; it’s always seemed like some sort of fundamental disability.

    But, earlier this week, when I posted my comment that poverty is not the “way” to achieve salvation, but is a kind of evidence that you are probably not obsessed with the “love of money,” I realized for the first time, that maybe my natural indifference to money was not a natural disability but perhaps evidence that I have never been a “lover of money”. If the “love of money is the root of all evil,” it’s clear to me for the first time my life, that do not now suffer from that obsession, nor have I ever.

    So, here I am, late in life, and finding some cause for satisfaction that I live in poverty and don’t really mind.

    I’ve said for years, that I enjoy the “power of poverty”. What’s that? TIME. I support myself working just 15 hours a week. That leaves me with 40 or 50 hours each week to read, write, research. While other people are scrambling to work overtime so they can make more money or protect the money they have, I’m reading a dictionary or pursuing ideas on the internet. I know that most people would view me as a little “strange,” but I’ve had some experiences and accomplishments that could not have happened if I’d been chasing the almighty dollar.

    And what pleases me most about my poverty is the time it affords for me to help others.

    For example, I run this blog. It take a lot of hours and effort to do so. But I like doing it because, right or wrong, I think this blog HELPS other people who I don’t even know or see. This blog may not be much help to others, but I’m convinced that it’s at least a little help for some. I like that. And I know that if I had a 40-hour/week job, I’d have more money, but less time and less capacity to provide a little help to others.

    As one of the previous commentators observed, “It seems that the people with the least wealth gave the most help.” Maybe that’s not a surprise. Maybe the people with the least wealth also had the least “love of money” and were therefore better equipped spiritually to offer some real help.

    I’m not alleging that everyone who’s poor and/or on welfare is spiritually “noble”. Some of the greediest, money-hungry bastards in the world live in poverty. Others are in poverty not because they’re noble, but because they’re lazy. There’s no black and white rule that proves the poor are always more spiritual than the rich. Even so, if you can find a man or woman who could be rich or at least prosperous, but accepts poverty “voluntarily”–maybe that’s evidence of someone who is not a “lover of money” is therefore a little bit more distant from the “root of all evil” than are the rest of us. Choosing poverty doesn’t make anyone a saint, but it might make some of us a little less of a sinner.

    In any case, I’m 68 years old and for the first time in my life, I no longer regard my indifference to money as a disability.

    One other point: I’m old enough to collect social security, but I’ve never applied for it. An extra $1,000 a month would more than double my standard of living. But I don’t like the government. In fact, I dislike it so much that I can’t bring myself to take its money. Lots of people would regard my refusal to take the “easy money” from SS as evidence of something really wrong with me. I’m inclined to agree with them. But,so far, I just can’t bring myself to take the government’s money. If that’s evidence of some sort of mental imbalance, it’s also evidence that I am not a “lover of money”.

    Who knows? Someday, my circumstances might compel me to take SS. I won’t absolutely rule out the possibility. But unless and until such circumstances manifest, I will trust in our Father YHWH ha Elohiym to provide for my needs. And, even if my financial circumstances became dire, I still don’t think I’d take SS. I wouldn’t really mind being homeless and living in a cardboard box behind an abandoned warehouse. It would be hard to explain to former friends and acquaintances how I fell on such “hard times”. I’d be embarrassed to run into old friends and try to explain that being homeless isn’t really so bad. But it’s really not that bad. There’s always plenty to see, think about and learn–even for homeless people. That’s enough for me.

    The world is rich for those inclined to see, think and learn. It’s only poor for most of those who are obsessed with the “love of money”.

    And, y’know what’s really strange? Through the grace of God rather than my own effort, by the end of this year, I might even become moderately wealthy. It’s not guaranteed, but there’s 30% chance. Without pursuing money, there’s a chance that I may yet wind up with quite a lot of it. We shall see. We shall think. And we shall learn. Whether I acquire that money or not, I will wonder. Sometimes I think that’s all we really have, anyway: a chance to “wonder” (think) and a chance to experience “wonder” in the sense of seeing things that we’ve never before seen or imagined.

    If we care to look, God shows us “wonders”. Seeing those “wonders,” we tend to “wonder” (think) about them. Does the love of money show us “wonders”? Or does it obscure them?

     
    • J.M.

      January 26, 2014 at 8:46 PM

      @ I might even become moderately wealthy.

      AND you might even have friends you never knew you had too. No “might” about it.They seem to come out of the woodwork like cockroaches. Don’t do ANYTHING for a “woodwork friend” IF you do, the word is going to spread fast to the other “friends” & even if you see what is happening, (I didn’t) you are not going to be able to get the sleep you need for all the knocks on your door,etc. Some of them will have their little infant babies & the baby is “crying from hunger”,etc. I was stupid enough to fall for things like that & sad to admit, I still would.

      @Does the love of money …….
      I agree with your knowledge of what it does. I agree because I know what it does. It spreads the burning sand with “water”

       
  13. Adrian

    January 25, 2014 at 2:38 PM

    As for those of you who believe in phantoms there is a good maxim to remember: what does not
    appear,does not exist.
    It can be related to many things.
    The dust I was talking about is under our feet,is about 6 feet deep.That’s where most of the life
    comes from.
    Love of money is an addiction.
    Time is more precious than gold.

     
    • J.M.

      January 26, 2014 at 12:25 AM

      @ As for those of you who believe in phantoms there is a good maxim to remember:
      phantastica
      @ what does not appear,does not exist.
      You are in for a terrifying rude awakening my friend
      .@The dust I was talking about is under our feet,is about 6 feet deep…..
      The Bible says the the meek will inherit the earth.This does apply to you in a way. Your inheritance will be the 6 feet you speak of. I think it’s about 6 X 3 or thereabouts. 6 down & 3 wide.
      @ Love of money is an addiction.
      I agree.You are not mistaken about everything.
      @Time is more precious than gold.
      Life is more precious than time What else ya got.

       

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