Frantic Financial Chatter

Just like hurricanes, storms on Wall St. may seem like the end of the world, but they're not.

They're saying this is the worst financial crisis since the great depression, and I suppose in some ways it technically is, but, it's a long, long way from being as bad as the great depression.

This started twenty-five years ago with Ronald Reagan and Alan Greenspan when they de-regulated the financial sector and began artificially stimulating the economy by manipulating the fed funds rate. It's the primary reason I'll never agree with the people who call Reagan a great president.

The good news is, that like with hurricanes, we are strong enough to recover from this and we are wise enough to learn from these experiences and take measures to prevent them in the future.

You'll hear a lot of frantic chatter over the next several days, but don't lose heart. The basic economy is fundamentally sound, even if these ancillary financial groups are not.

The Bad Shepherd

The bad shepherd lies to the sheep.

He tells them he saw wolves, when he didn't. He tells them the grass near the tall rocks is poison, when it isn't.

When you ask him, why he tells all these awful lies, he says: "It's my job to tend the sheep, and it's a lot easier to do that when they're afraid. Otherwise, they do what they want and get in all sorts of trouble."

I question whether we should have human shepherds at all. We call them pastors and give bishops gold plated shepherd's staffs with encrusted jewels. It's a very weak man who builds his ego by presuming to lead the sheep.

The bible says "The Lord is my Shepherd", not some priest.

Jesus asked Peter to feed his sheep. That's not the same as being a shepherd. That's a guy that helps the shepherd.

It would be ironic if the people we look to for getting us closer to God actually moved us further away.