Monthly Archives: August 2025

Bubbles Get Ever Bigger and Busts Become Ever More Destructive

Brett Scott has recently posted a new article, The Whale of Mass Destruction: How a fundamental weakness in Bitcoin might (technically) crash our economy, in which he provides an excellent analysis and clear explanation of the valuation processes in the financial markets in general, and the forces that shape price movements of Bitcoin (and other similar virtual commodities), in particular.

In the world of finance, a whale is an entity that has the power to move large amounts of capital or to exert an inordinate influence on markets. Among these are venture capital funds, central banks, and governments.

If you want to understand the essential nature of Bitcoin, the factors that drive its market price, and the implications of the current government plans to establish a Strategic Bitcoin Reserve fund, that article is a “must read.” The lessons you will learn extend far beyond Bitcoin and into the realm of global money, finance, and economics.

I will add that the expected government manipulation of the Bitcoin market by means of massive purchases is analogous to the massive purchases of US government bonds and notes by central banks, commercial banks, and others who still have faith in them despite their lack of any solid backing in the real world. Just as Bitcoin will never be “redeemed” for anything of real value, the massive accumulation of US government debt will never be repaid. That itself is a bubble that will eventually burst in spectacular fashion. God help us!

What happens when the spirit leaves the body?

Have a look at this link in which a related question is answered, and read the replies to that answer. The departure of the spirit is clearly observable as I can attest from my own experience.

https://qr.ae/pCXWRS

Twelve Rules of Spiritual Wisdom

I like this; maybe you will too. I got it from this site: WantToKnow.info

  1. God wants spiritual fruit, not religious nuts.
  2. There is no key to happiness. The door is always open.
  3. Silence is often misinterpreted, but never misquoted.
  4. Dear God, I have a problem, it’s me.
  5. Laugh every day, it’s like inner jogging.
  6. Blessed are the flexible for they shall not be bent out of shape.
  7. The most important things in your home are the people.
  8. As a child of God, prayer is kind of like calling home.
  9. He who dies with the most toys is still dead.
  10. It’s all right to sit on your pity pot every now and again. Just be sure to flush when you are done.
  11. Surviving and living your life successfully requires courage. The goals and dreams you’re seeking require courage and risk taking. Learn from the turtle, it only makes progress when it sticks out its neck.
  12. Be more concerned with your character than your reputation, because your character is what you really are, while your reputation is merely what others think you are.

Note: For a profound essay imparting more spiritual wisdom, click here. For a free online course which has led many to greater spiritual wisdom, click here.

Dr. Tim Morgan’s analysis of the imminent crisis.

It’s All About Faith

Browsing today through past posts on one of my other websites I rediscovered one that inspired me anew. Published shortly before Christmas in 2006, it was a personal and heartfelt report from my friend and long-time correspondent, Sharif Abdullah, who at that time was recovering from an attack of appendicitis that nearly killed him. Here is what he said:

Howdy— I want to share something with you, something that’s been so personal to me that I don’t think I’ve shared it with anyone before.

Last Thursday, 14 December 2006, while sitting at my computer, I suddenly burst into tears. Tears of joy. On the radio, I heard a holiday song sung by the Mormon Tabernacle Choir. This put me into a time tunnel — back to two holidays ago, when my appendix blew on Thanksgiving Day, and I was rushed into two emergency surgeries. (There’s nothing like being wheeled into a second surgery, with the nurses asking for your next of kin, to get you focused on how serious your situation is.) I lingered in the hospital for days, my other organs failing.

Because my adrenals had completely disrupted my sleep cycle, I found myself awake at around 2 am, flicking around the TV channels in my hospital room, trying to find something non-offensive. I settled on a PBS documentary of the Mormon Tabernacle Choir, specifically because I assumed that they would end with the “Hallelujah Chorus” from Handel’s “Messiah”. The “Messiah” is the Choir’s signature piece and was my paternal grandfather’s favorite piece of music. He sang bass professionally, so he would sing along with a recording of the Choir. I would love watching his Adam’s apple bob up and down as he sang.

Anyway, I’m watching this documentary, Walter Cronkite narrating. I’m learning a lot more than I ever knew about the Choir, and about the Mormons in general. (As a student of religions, I already knew a lot.) About 3/4 through the show, they played the “Messiah”. Now I was intrigued: what could they possibly sing that could top the “Hallelujah Chorus”?

As the program draws toward its end, Cronkite says something that I did not know – that every member of the Choir is an unpaid volunteer. They not only have to take unpaid leave from their jobs in order travel with the Choir… they have to pay their own transportation and expenses. Singing with the Choir is an act of faith for each of them. I am witnessing their faith, their sacrifice, and their glory.

Although the “Hallelujah Chorus” is their signature song, the song that they ended with was the song that was most meaningful to the Choir – the song that Mormons sang while they pulled hand-carts 2,000 miles, across the Rockies, to their promised land. It’s an American folk song called “Come, Thou Fount of Every Blessing”. (I had never heard it before.)

Right before the song, Walter Cronkite said, “When they sing the words, “Here’s my heart, Lord, take and seal it” – they really mean it.” I cried all the way through that song. I’m still crying.

There I was, lying in a fairly comfortable hospital bed, nurses on call at the push of a button – if the Mormons could cross the country on foot, carried by that song, my faith could get me out of that hospital bed and on with the rest of my life. Their song became my touchstone for my faith. The next day, I checked myself out of the hospital.

Having faith means everything. There is a gene, hard-wired into our very being, that demands our faithfulness. When we live our lives as though faith is some outmoded or silly concept, or can be replaced by THINGS, or (worse yet) by REASON, we do so at our own peril. Faith doesn’t mean that things are going my way, or that I’m going to get the pony that I’m praying for.

Faith means that I GIVE MYSELF to the Divine, that IT’S NOT ABOUT ME. Faith to the Mormon pioneers didn’t mean that they were going make it as they walked (walked!) across the country to Salt Lake City. Many of them didn’t make it. Faith meant that their every step was dedicated to God, not to themselves.

Faith is tied to sacrifice. Sacrifice is pain… elevated to the level of the Sacred. Sacrifice is to find the MEANING in the pain. The Choir has to give up so much in order to sing – their time, their paychecks. It is their giving up that sweetens their voices. Ask yourself: what is it that you have given up? Not giving up alcohol, drugs or overeating… you are doing that for YOU. What are you giving up for humanity? For the Earth? For God? Where is your sacrifice?

Faith has nothing to do with whether or not you make it. Faith has nothing to do with what’s written in the Bible, the Qur’an, the Bhagavad-Gita… or the Book of Mormon. Faith has nothing to do with “playing it safe” and not taking risks. The purpose of your life is not to make the next mortgage payment (regardless of what the bank tells you). The purpose of your life is not to put your kids through college. Your life goes DEEPER than that. You can’t find that purpose while clinging to the surface of things.

There are times when I forget this. There are times when I question whether giving all of my time, efforts and money for this path to a new society is “worth it”. Then I remember: it has nothing to do with whether or not I “succeed”. Here’s my heart, Lord…
Prone to wander,
Lord, I feel it,
Prone to leave the God I love.
Here’s my heart, Lord, take and seal it, Seal it for thy courts above.

Peace,
Sharif

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Sharif Abdullah
COMMONWAY INSTITUTE
P.O. BOX 12541 Portland, OR 97212 (503) 281-1667
www.commonway.org