Nov 22

Written by: host
11/22/2008 9:07 AM

Ever since the early nineties the US economy had been growing at a steady pace.  Except for the 9-11 tragedy and the year after, the market had grown and real esate prices had risen every year.  As many have said "Hindsight is always 20/20 vision".  But were there not signs that we were loosing our principles while getting drunk on the constant growth?  During the time it seemed if any problem would be overcome and any project could be funded by the awesome economy and equity growth in our real estate.

Remember Enron? All the other corporate accounting scandals.  There was so much desire for growth and money and power that it didn't matter the consequences.  White collar crime is not punished very harshly because the pain caused doesn't seem so great.  Maybe we should rethink that in this day and time.

In his encyclical "Saved in Hope" Pope Benedict XVI speaks of our blindeness.  "His real error is materialism: man, in fact, is not merely the product of economic conditions, and it is not possible to redeem him purely from the outside by creating a favorable economic environment."  We cannot find happiness when the dollar is first and foremost in our pursuits.

There is a reference that has been givin from ten years ago where Pope Benedict predicted economic turmoil for there very same reasons mentioned in his encyclical.  See the link here.

Also worth note are his comments back in August when the markets first really started to tank.  His refence to building your house on sand applies to our business lives as well.  Build your business on Christ and his teachings - it will stand strong through any hard times.

TCP

“As for me and my household, we will serve the LORD.”
Joshua 24: 18

 

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