All gain – No pain
Saturday, June 27th, 2009Americans have a short memory. When confronted by difficulties, we like to turn the page, move on, pull ourselves up by our bootstraps, get things behind us and not look back. The presence of so many commonplace ways of saying the same thing indicates how deeply our need to negate difficulty is embedded into our consciousness.
Such negation undoubtedly has short term survival value, but comes at the cost of repeating the very behaviors that get us into trouble. Our unwillingness to sit with difficult feelings speaks to our search for emotional equilibrium and stability, and forgetting our pain is one way we do that. The problem arises when that includes forgetting our own role in creating difficulties, and we then repeat our painful experiences over and over again. We seek to blame others, and often use aggressive means in doing so. Thus it is we plant new seeds of suffering which will take root, grow and bear fruit in the future.
In watching our economy, I see this proclivity already in operation. Despite the ongoing effects of deep recession, increasing job loss and continuing reduction of home values, the stock market keeps lurching around, like a drunk clumsily searching for change in a pile of dirty laundry. The incessant assault of advertising continues unabated, hour after hour of television commercials grinding their way into our benighted consciousness. Jeff Paul’s Short Cuts to Internet Millions, only $39.95, promises a new and better life, like those found by the average Joe’s in his infomercials who only last month were homeless but this week made $50,000. In the Jeff Paul infomercial world, the future is filled with busty blondes in strapless gowns eager to pump up deflated male egos and fawn over newly minted millionaires.
It’s not enough that legitimate and completely decent people are losing jobs and going out of business. Today’s climate brings out the very worst type of hucksters and snake oil salesmen, preying on the desperate, scared and unemployed and stripping them of whatever assets they might have remaining. And, it’s all perfectly legal.
My friend Alan searches for dishonest public companies that lie, cheat and steal for a living, commit fraud, release phony financials and employ high powered promotional techniques to seduce customers and skin them for all they’re worth. When he finds such a company, he sells their stock short, putting downward pressure on the stock price. This makes such companies furious, and they respond to this pressure by threatening to sue any and all investors who publicly question their motives or their ethics. Rule #1: The louder they threaten, the greater their crimes. In time their thievery is always revealed, and their stock price drops down the toilet. I’d like to think they go to jail, but in most cases they get a slap on the wrist and within a month or two are on to their next scam. Rule #2: Most stock crooks are serial offenders. Alan makes money by following them around and outing their slimy rackets.
There are those who forget that our current economic misery reflects the frantic behavior of American consumers who’ve spent far too much money for all the wrong reasons. The shameless scam artists remind us about greed, theirs and also our own.















