Parable of Talents- hoarding is BAD!

Federal Reserve, Recession, Business News, Finance, Economy

William Collier

Hoarding, Carmine Gorga, Parable of the Talents, recession, Keynsian Economics

A noted economic thinker, Dr. Carmine Gorga, has an article on The History News Network which clears away all the rubbush and doublespeak about how and why “the economy” is suffering and reveals a glaring flaw in almost ALL economic theories which rely on either Marxism or Keynesianism (the economic theories of John Maynard Keynes).

In a nutshell here’s what Dr. Gorga says:

The key conclusion of my work is this. Do not try to fight hoarding head-on. You will lose, because hoarding is rooted in an essential human characteristic: the instinctive search for economic security. Fight, instead, all those institutions that increase economic insecurity and compel human beings to hoard wealth in order to find some personal, individual sanity in a crazed world.

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The complexity of the issues is revealed by the circularity of events: the more people hoard, the more destabilized the economic system becomes. But the individual, alone, is left with no rational alternative. It is society as a whole that creates insecurity, and society alone can break the vicious circle.

The full article is here: http://www.hnn.us/articles/129965.html

Could this really be THAT simple?

I would say, “yes.”

As Dr. Gorga pointed out to me on the phone (full disclosure, Dr. Gorga is one of my mentors and has acted very much in the role of a spiritual father to me since 1998), the Bible itself makes this principle clear.

Remember the parable of the talents?

The story centers on the use of “talents” (gold or silver by weight, a talent of gold weighed less than a talent of silver but both had equal or near equal value). One of the people who had received talents went out and invested them, and made profit, but another of the people who received the talents was afraid and decided to hoard them by burying them in the ground.

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The guy who buried the talents was afraid, but he knew with certainty that if he buried his talent in the ground that he would not risk losing it. The other guy was not certain of the outcome but he was willing to take a risk, and it paid off.

So what does the master, the one who gave them the talents to invest, do when he comes back and sees the results?

Well, if he was the Federal Reserve of today I think he would take from the “fat cat” guy who invested and got good results to help “stimulate” the poor sod who put his talent in the ground. The entire creed of those who think that way is “tale from those who have much and distribute to those who have little” or, to put it another way, “take from those who have according to their ability to pay and distribute to those who have not according to their need.”

If you read the story you’ll see that the hoarder even justified himself by talking smack about the guy who gave him the talent! He says that the master is a guy who is a hard man who reaps where he doesn’t sow and basically uses this as an excuse- he was afraid of what the master would do if he lost money!

Well, the long and short of it is that the master didn’t argue with the hoarder, he just said, “if you know I was hard and I reap where I don’t sow, then why didn’t you invest your talent that I gave you?”

I think his statement is rhetorical, I don’t think he is agreeing with the hoarder, he’s just not arguing with him!

So what does he do?

He doesn’t do what the Federal Reserve likes to do, put more money in the hands of those who hoard, no, not at all!

He says, “take the talent from the one who has the least and give it to the one who has the most!”

Now, take this to heart before you dismiss it: in Mattthew 25, where this appears, Jesus is WARNING the disciples to be READY when He returns, and so the Parable itself is saying that this is how Jesus sees things, and if He sees them this way in the spiritual, then He certainly sees them this way in the physical.

You need to read the whole article and fortify yourself with this simple understanding- that hoarding is the gravest threat to your prosperity and our economic health.

What to do?

Dr. Gorga’s insight here should be listened to and followed through- “Fight, instead, all those institutions that increase economic insecurity and compel human beings to hoard wealth in order to find some personal, individual sanity in a crazed world.”