Nothing new under the sun. 12.14.10 & 7.23.12

by Aaron K.

From Evernote:

Nothing new under the sun. 12.14.10 & 7.23.12

History merely repeats itself. It has all been done before. Nothing under the sun is truly new. Sometimes people say, “Here is something new!” But actually it is old; nothing is ever truly new. Ecclesiastes 1:9,10

How can it be that history merely repeats itself and that there is nothing new under the sun. Circumstances change and the world progresses, but mankind’s heart is the same today as it was thousands of years ago. Man is still driven by the same lusts of the flesh and boastful pride of life. No where is this verse more evident than in our economy cycles, which are the simple manifestations of peoples fear and greed playing itself out in the seasons of a market. As greed and confidence grows in a market run up, disciplines get forgotten leading ultimately to a breakdown in debt and lending. In the downturn fear takes over, lending stops and everyone realizes fundamental financial disciplines exist for a reason. Experts in every season will say this time is different ("we’ll never see another run up like that"), but yes we will. Banks are greedy too! They have to lend and as they compete agressively for business with other banks they will again compromise on their disciplines and find themselves in the same place again. Experts say we’ll never see another downturn like the one we are going through now, but history shows that we will. As greed grows in our culture, incrementally so does our fear of lossing our main idol of money and security. This fear always takes a market downturn far deeper than its true economic state. Action. My sons, know that there is nothing new under the sun…life is simply the practical manifestation of the human heart and the human heart does not change…guard your heart with all diligence from out of it will flow all the circumstances of life.

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