Help, I can’t breathe!

Stuffocation’  s a new word which we could easily add to our dictionary. The trend watcher James Wallmann coined the term to describe the feeling that too many things, too much stuff is suffocating our way of life.

Thanks to mass production and global markets, we have access to a huge amount of relatively cheap products which we readily buy … and then store! The explosion of self-storage facilities over the past 10 years testify to the fact that we have too much stuff and too little space to keep it. Not only too little physical space but also too little emotional space. The excess of things is beginning to show us that more is, in fact, less.  grote aankopen

I was very surprised to read some comments from Steve Howard, Head of Sustainability at IKEA, a company which survives very nicely by offering us such a wide range of things we never knew we needed, who said that we have reached a limit on how much we can consume!  “We will be increasingly building a circular Ikea where you can repair and recycle products,” Howard said.  In economic terms, Howard says, ““If we look on a global basis, in the west we have probably hit peak stuff. We talk about peak oil. I’d say we’ve hit peak red meat, peak sugar, peak stuff … peak home furnishings… ”

We have reached a clutter crisis. The more we have the more stress this brings. It all has to be managed, used, repaired, stored, maintained – and this is not bringing the satisfaction we expected!

The Czech professor Dr. Tomas Sedlacek in his book “The Economics of Good and Evil” stated, ““The more we have, the more we want. Why? Perhaps we thought (and this sounds truly intuitive) that the more we have, the less we will need. We thought that consumption leads to saturation of our needs. But the opposite has proven to be true. The more we have, the more additional things we need. Every new satisfied want will beget a new one and will leave us wanting.  For consumption is like a drug.” Continue reading ‘Help, I can’t breathe!’

The Philosopher’s Stone!

From the Middle Ages to the late 17th-century, the so-called “philosopher’s stone” was the most sought-after goal in the world of alchemy, the medieval ancestor of chemistry. According to legend, the philosopher’s stone was a substance that could turn ordinary metals such as iron, tin, lead, zinc, nickel or copper into precious metals like gold and silver. It also acted as an elixir of life, with the power to cure illness, renew the properties of youth and even grant immortality to those who possessed it.

The Bank of England was created in 1694 by a Scotsman William Paterson who famously said: “The bank has benefit of interest on all moneys which it creates out of nothing.”  Today, our banks are enjoying the philosopher’s stone which they have created. Money out of nothing but paper!  It is said that at the incorporation of the bank of England that it was promised, “We will provide unlimited financial means – in return, we will keep the absolute privilege to create money.” (To be precise: false money – or what the banks call fiat money!)  Fiat money is money that has value only because of government regulation or law. The term derives from the Latin fiat, meaning “let it be done.“ (Wikipedia) Fiat money is the opposite of honest money. Fiat money is money that is declared to have value even if it does not.

Faust and Mephistopheles

About a hundred years later. The influential German author Goethe, tells the story of a young scholar, Faust, who enters into a pact with the devil, Mephistopheles. In return for Mephistopheles’ services to help him realize his ambitions, Faust wagers the devil his soul.

The the Second Part of Faust, Faust attends the court of a ruler whose empire is facing financial ruin because of government overspending. (Sounds familiar?) Rather than urging the emperor to be more financially responsible, Mephistopheles—disguised as a court jester—suggests a different approach, one with disturbing parallels to our own age. Continue reading ‘The Philosopher’s Stone!’


Pope Francis, known for his more liberal views than his predecessors, spoke at the US Congress at the end of September. His address made Speaker John Boehner cry …

The Pope described the core of his teaching,  which Time magazine dubbed “Pope-onomics” :

““It goes without saying that part of this great effort is the creation and distribution of wealth. The right use of natural resources, the proper application of technology and the harnessing of the spirit of enterprise are essential elements of an economy, which seeks to be modern, inclusive and sustainable. “


He spoke against liberal economics, making a good case for reducing income inequality and providing for the poor.

“Jesus affirms that you cannot serve two masters, God and wealth,” Francis states in an interview with the Italian daily La Stampa, bluntly asking: “Is it pauperism?”

“Jesus tells us that it is the ‘protocol’ on the basis of which we will be judged, it is what we read in Chapter 25 of Matthew: I had hunger, I had thirst, I was in prison, I was sick, I was naked and you helped me: dressed me, visited me, you took care of me,” the pontiff continues.

“Every time that we do this to our brother, we do this to Jesus. To have care of our neighbour: who is poor, who suffers in the spirit, who is in need. This is the touchstone. ,” he states, asking again: “Is it pauperism? No, it is the Gospel.”

“The Gospel message is a message open to all,” the pope continues. “The Gospel does not condemn the rich but idolatry of wealth, that idolatry that renders [us] insensitive to the cries of the poor.”

Continue reading ‘Pope-onomics!’

The Four Horsemen of the Economic Apocalypse

After the last crisis, no lessons have been learned!  It is business as usual again!.”  A leading figure in our economy echoed recently what I have hear from several commentators about lessons learned from the last crisis period.

The former Chief Economist of the World Bank, Joseph Stieglitz, wrote a 2009 article for Vanity Fair magazine in which he used this cartoon by Edward Sorel, depicting four horsemen responsible for bringing chaos and crisis to our economy, inspired by the apocalyptic horsemen from the Bible book of Revelation.4 horsemen of the wall st apocalypse

The real forces behind global economic trends are essentially spiritual, matters affecting the human heart – and this was certainly so for the last crisis period.  The four heart issues which Sorel depicted are: Mendacity (=deception), Stupidity, Arrogance and Greed; issues which are still affecting our economy today!

1. Mendacity, or deception, is rife. Just think of identity theft, mail fraud, and business deceit such as falsifying software to achieve certain desired results. (Diesel gate) Deception is rife in government, when our leaders break promises,hide costs and spin arguments … Jeremiah tells us, “The heart is deceitful above all things, and desperately sick; who can understand it?” (17:9)  Solomon gives us the antidote; “The integrity of the upright guides them, but the crookedness of the treacherous destroys them.” (Proverbs 11:3)

2. Stupidity.  We seem to fall so easily for all kind of attractive schemes – ‘get-rich-quick”, pyramid schemes always find plenty of investors. Our economic schemes are so complex that even those who devised them in the first place lose there understanding of what is going on!  Continue reading ‘The Four Horsemen of the Economic Apocalypse’

New capitalism!

Churchill said, “”Capitalism is the worst economic system, except for all the others.” “The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.”
Although the Bible dopes not explicitly promote or defend the capitalist system, it is the best we have …  but it needs to be strongly influenced by Gods economy.

Last week, I was privileged to be with Bruno Roche, Chief Economist at Mars Inc. at a meeting of the European Economic Summit, rochewho proposed an economics of mutuality. This is based on the value of the individual.
Starting with the value of the individual, the first task is to develop and invest in Human Capital. Then in the way each individual relates to and interacts with others – developing Social Capital with shared identity and values.. And then this should be developed within the framework of our Natural Capital, investing in environmental capital. Lastly, this all leads to developing financial capital.

Bruno Roche stated that if we start with developing Financial Capital as the primary goal, then this will always transpire to the cost of human capital, social capital and environmental capital. Financial Capital is the fruit of investing in human, social and natural capital and is needed for liquidity in the system.

Roche, “Marxism only wanted to pay the people at the expense of the others; Greens only want to pay the land at the expense of the others: and Modern capitalism only wants to pay the capital at the expense of the others!”
This is merely a re-iteration of the creation order! Firstly, God created the earth and gave it to man to provide and enjoy! That is natural, environmental capital. Then, God created man to enjoy the creation and develop this natural capital. He wanted people to grow and develop their gifs and talents. Human Capital. Then God observed that it was ‘not good that man should be alone,’ and created woman. Social Capital was born! Financial Capital only came as a means of facilitating the exchange of goods and services allowing people to interact, share and grow their economy. The purpose of money is not to accumulate but to facilitate!
Focus on developing human, social and natural capital and the shared financial capital will follow.
Don’t follow money, money will follow you. Continue reading ‘New capitalism!’

Lessons from Scrooge!

An excellent presentation on money! Make full screen to read!

Help … the invisible hand has disappeared!

Where is this supposed invisible hand gone? Did it ever exist?


The invisible hand is a term coined by economist Adam Smith in his 1776 book “An Inquiry into the Nature and Causes of the Wealth of Nations”. In his book he states:

“Every individual necessarily labours to render the annual revenue of the society as great as he can. He generally neither intends to promote the public interest, nor knows how much he is promoting it … He intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for society that it was no part of his intention. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good.”

Supposedly, this invisible hand will miraculously turn business which is based on self-interest into some public good.  What has happened to our free market system in which this hand seems to have diasppeared?  What happened to the economists and politicians in Greece some years ago when cooking the books in order to get into the eurozone?  What happened to our bankers who used our money to speculate using systems they didn’t understand and lose noinvisible-handt only our money but our trust? What happened to our major corporations who use people in order to improve share prices?

Where has it gone? I believe that this is Gods Spirit. We are all made in th image of God and it is only the presence of the Spirit of God on this earth which prevent us all from descending into complete disaster. God never has to punish us. He only has to leave us alone and we can do that job quite nicely.   We need to rediscover the role of Gods Spirit in turning self-interest into public good.  Only God can do that …! Continue reading ‘Help … the invisible hand has disappeared!’

Little interest

I just received a mail from my bank that the interest on my savings account was reduced  to 1.1%.  On top of that, I pay double tax on my savings. Once when earned and the Dutch government taxes all savings above €22,000! I am lucky … in Portugal they are starting to charge people for saving money!  Our interest in the financial world depends on our personal interest in our personal money. If I am told that my savings are in danger, I wake up and take note. When I hear the words ‘financial reforms’ I begin to yawn sleepily.

marble bankI read an interesting book recently by Joris Luyendijk, a Dutch journalist working for the Guardian newspaper in London. He interviewed many top- and middle level executives in the City of London, trying to understand how te financial system works, and if there have been any lessons learned from the past 7 years crisis.  The bottom line?  No lessons have been learned. It is business as usual.  He write “If you had described the effects of the crisis to anyone in 2008 and said that 7 years later nothing had changed, no-one would believe you.”  The only thing the bankers have learned is that they can get away with anything! Continue reading ‘Little interest’

MIndfulness? The secret

“In a society which is predominantly concerned with possessions, fear of nat having enough is prevalent.”  Prof. Goto-Jones of Leiden University explains that mindfulness is a widespread social movement. He continued, “these days, most problems are in our head. This brings long-lasting stress which cannot be aliened by traditional flight or fight reactions. Mindfulness brings relief.”

Accepting current circumstances and being aware of the present is a part of mindfulness and thoroughly Christian. Paul wrote concerning his material circumstances, ” Not that I am speaking of being in need, for I have learned in whatever situation I am to be content. I know how to be brought low, and I know how to abound. In any and every circumstance, I have learned the secret of facing plenty and hunger, abundance and need.”

Living in the present, thanking God for my circumstances sets me free and paves the way for an experience with God. Paul goes on to say “I can do all things through him (Jesus) who strengthens me.”  Experiencing the presence of Jesus at this  moment, right now, is the key to mindful living.

In his same letter to believers in Philippi, Paul writes, “Rejoice in the Lord always; again I will say, rejoice. Let your reasonableness be known to everyone. The Lord is at hand; do not be anxious about anything, but in everything by prayer and supplication with thanksgiving let your requests be made known to God. And the peace of God, which surpasses all understanding, will guard your hearts and your minds in Christ Jesus.
Finally, brothers, whatever is true, whatever is honorable, whatever is just, whatever is pure, whatever is lovely, whatever is commendable, if there is any excellence, if there is anything worthy of praise, think about these things. What you have learned and received and heard and seen in me—practice these things, and the God of peace will be with you.”

That is true mindfulness!

Household debt costs 11 billion euros in Holland!

One in six of the 1,1 million households in The Netherlands has problematic debt!  This costs the nation 11 billion euros according to a recent survey by the Netherlands Institute for Budget Information (NIBUD – October 2014).  debt-management-plans

The costs comprise of not only unpaid invoices, but also for government support and absence from work.  It has been shown that people with debt are on average 9 days longer sick off work than other employees!  According to researcher Tamara Madern, “People with debt problems are much to consumed in their heads with the stress of  financially related problems and have therefore less time to look for work or to invest in their future in other areas. ”

In a 2011 independent report, it was concluded that for every euro spent on coaching people to get out of debt using our Debt Aid Companion programme, that this yielded three euros in ‘social-economic return.’  This was calculated using parameters such as less evictions, energy facility cut-off, less work done by local government etc.

Strengthening household balance sheets is a firm priority for the EU. It should be a priority for us all!

The Bible is very clear that ‘the borrower become slave to the lender.”   (Proverbs 22:7)

Borrowing is not prohibited by the Biblical wisdom, but the dangers are that we will lose our freedom to choose.  The apostle Paul was also very clear when he stated, “everything is lawful, but not all things are helpful. Everything is permissible but I will not allow myself to be enslaved by anything!”  (1 Corinthianss 6:12).