News Report (from The Economist): Figures from Morningstar, an investment-research firm, show that an American who put $100 a month for the past ten years into the average equity fund would have accumulated just $10,932 — $1,068 less than he invested. Hiding money “under the mattress” was actually a more profitable tactic.
It is hard to get individuals to defer gratification: retirement seems a long way off for someone in their 20s or 30s. So, faced with the returns from past thrift, the temptation for many will be to opt out of the system altogether. Already, the American Association of Retired People estimates that 37% of workers lack a pension plan.
My Comment: Without us noticing it, we are being taught to “live in the moment,” to consume what is necessary and not think about tomorrow. It’s like the manna in the desert: collect only as much as you need, since the rest will disappear anyway! And when we’ll get used to thinking about the necessities, our hearts and minds will be free to focus on the Upper Goal.
News Report (translated from utro.ru): The crisis of distrust is causing people all over the world to lose trust in banks. Citizens no longer feel safe keeping their savings in the bank, and prefer to invest them in real estate, gold and jewels. Some even sew their money into pillows or hide it away in safes. In Europe for example, sales of safes have increased 25% in the last two months.
My Comment: This demonstrates just how much we don’t trust anyone and what kind of future we are getting ready for.
Question: The financial crisis that we are witnessing so clearly right now is only a part of the global crisis. This raises a question: If everything in a person and in the world has to reach equivalence with the Upper Force ( the Creator), or in other words, everything must reach the quality of “bestowal,” then how will this work with money?
Money is now the material equivalent of the quality of “reception.” Will it also have to turn into an equivalent of “bestowal” for us to attain balance?
My Answer: That’s absolutely correct. Money will not disappear, but will be an equivalent of one’s work. In Hebrew, money is called Kesef, and a screen is called Masach. They both originate from the same root, the word Kisuf – to cover. Masach covers the desire, changing it from “receiving” to “bestowing.”
Laitman.com Post: The Present Crisis Is a Crisis of People’s Trust in the Egoistic System of Relationships
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