We explore real-life reformation here in this informed, online community.
"The Federal Reserve is already insolvent.
According to its most recent annual financial statements, the Fed has just $51 billion in equity, versus a whopping $948 billion in mark-to-market losses. This means the Fed is insolvent by roughly $900 billion.
This is a big problem. Remember that the Fed is still a bank, i.e. it has financial obligations, liabilities, and depositors that it needs to pay.
For example, commercial banks like JP Morgan and Bank of America have deposited a total of $3.4 trillion of their customers’ money, i.e. YOUR money, with the Fed. And the Treasury Department holds another $700 billion deposit at the Fed.
The Fed owes money to foreign governments. They owe trillions of dollars from repurchase agreements to banks and businesses across the global financial system.
So, yeah, the insolvency of the Federal Reserve is a pretty big deal. Yet, at least for now, no one is saying a word about it.
ETIENNE DE LA BOETIE2
Are people of the twenty-first century too messed up to love one another, sacrifice for one another, or to mature in the presence of difficulty?
For modern marriages, three decades of therapeutic counselling trends are bearing destructive fruit. It's an ongoing revolt against maturity. Sanctification is today a foreign concept, even in the Evangelical world.
What do people count as relational wisdom today? Fighting for your own personal "rights"...and winning in the process. Perfecting clever snarkiness. Outdoing one another in selfishness. Juxtaposing personal dreams and ambitions against another's personal dreams and ambitions.
The way forward when life together gets unbearable? Grumble to a "counselor." Or, if you're tech-savvy, crowd source your therapy. Pour out all your grudges and aversions on the internet, in the guise of "getting a little perspective" [and advice from the mob.]
Today the internet mob is a feedback loop which has become a death spiral -- a chorus...
