The practice of judgment restricts your perception of life. There are only two mistakes of knowledge, and both of them are activated by judgment. The first mistake is knowing "wrongly". The second mistake is assuming that reality is limited to what you know. Man’s judgment is flawed.
An illusion is a distortion of the senses, revealing how the brain normally organizes and interprets sensory stimulation. While illusions distort reality, they are generally shared by most people, a situation of "knowing wrongly". Those is currently are in power understand the ease by which you can convince the public of any illusion. Starting in childhood we are convinced the written word is truth and news reporting is accurate. In the movie "Wagging the dog", this phenomenon is exposed. Robert DeNiro starred as a Washington spinmaster who needed a war to distract public’s attention from a sex scandal involving the President. In Alan Greenspan’s tenure at the Fed, he distracted the consumer to raise private debt levels to 300% of the Gross Domestic Product (GDP). Remember when Alan Greenspan voiced his support of ARM mortgages? Did you know that Bill Clinton strong armed banks into sub-prime lending back in 1999? As government leaders (on both sides of the aisle) assured the public "all is well" with the economy, the private sector’s debt levels were growing astronomically. Risk takers became gamblers as they entered the housing market to flip their investments. News media reported the successes, never the losses. The illusion of wealth permeated all walks of life. Those who could not qualify for a mortgage suddenly bought houses they could only dream about a decade earlier. ARM mortgages set the trap for future bankruptcy.
The illusion turned into delusion- an erroneous belief that is held in the face of evidence to the contrary. People hold to a belief that history is not relevant to their situation hence "experience is the best teacher". I would suggest that someone else’s history is the best teacher. My older brother received many corrective interviews by my dad when I was young. Those interviews were followed by the "board of education". I learned from his pain. "Mama didn’t raise no dummy". The evidence of a disastrous end to the credit bubble surfaced years ago. It was no different during the Tech bubble. Technology companies that did not generate profits were going to fail, period! The investing public operated under an illusion until the bubble busted. Revelation from Our Heavenly Father provides the evidence to bust our illusions. We must not be delusional when that revelation comes. We must seek The Father’s perfect plan, will, and purpose rather than the idols of our hearts. If we pursue His Heart in love, we will be spared from the trappings of illusion and delusion.
Once illusion and delusion have run the course, confusion sets in. "How could I have been so stupid?" is frequently asked. "What was I thinking?’ "How did I let my guard down?" When our blindness is removed the realities become obvious. Without revelation, confusion takes the stage. When confused, people tend to do nothing and make no decisions because they become fearful of the consequences. This is were the public is today. They have lost confidence in the current financial system. It duped them. They trusted the leadership to look out for their best interest. Their reality was limited to what they thought they knew. Their judgment was flawed in their decision making efforts. This is exactly why you must seek wisdom from above rather than earthly wisdom. Our Heavenly Father has perfect knowledge of reality. He knows men’s hearts, we do not.
This credit bubble has burst and we must now deal with the consequences. By interrupting the natural cycle of expansion, recession, depression, and recovery, the system must be cleansed of non-productive services, products, and assets. By deferring the pain, it will be more severe. How severe? Only GOD knows! You might want to ask HIM.