Another article spoke about Canada's new two-dollar coin.  In 1962 the one-dollar coin had been invented as the dollar became small change.  Now, four years later, a two dollar coin has been added to small change.

The financial page of the day revealed that the Dow Jones average had shot up another 51 points.  It means that the market's value has gone up by $50 billion.  What this represents in terms of people's money being thrown into the speculative market is unimaginable.  It means that another $50 billion of the people's savings and retirement hopes are now riding the dice.

The fourth interesting item in the paper was an add that urged people to scrap their older refrigerators, for which a free pickup service was offered.  However, the service was offered only for still working machines.  The service was provided in order that the supposedly environmentally harmful CFC chemicals can be extracted.

The denials which these four items represent, vary in significance.  Some of them, people are uncomfortable with.  Hospital closures are hard to sell.  Still, people believe them to be necessary, though in reality the exact opposite is the case in an environment of an escalating proliferation of old and new diseases.  We see even the return of the old pandemic diseases that were once considered wiped out.  The two-dollar coin is welcomed by most people as a forward step.  The coin is pretty and will make it easier to feed the vending machines in this era of rising prices.  But wait!  Have we not been told that we are currently in the longest period of the lowest inflation ever?  The introduction of the two-dollar coin illustrates that the opposite is really the case, which everybody tries to ignore.

The 51 point rise in the Dow represents a more hidden denial.  Most investors are told by their brokers that this is good news which should cause to purchase more.  Such advise must be taken in context with a broker's goal.  Any broker's goal is to earn commissions.  In order to earn a take home pay of $4,000 per month, the individual broker is obliged to bring in $10,000 a month in commission, and in order to earn this commission app. $300,000 worth of stock must be moved.  Ambitious brokers, of course, have much higher earnings.  Some brokers have earnings in the $100,000 per year range, with some going as high as half a million dollars a year.  With this kind of earnings potential in an industry, loyalties frequently shift from a supportive to an adversarial relationship that tends to color the truth.  Suddenly the Dow becomes that much more grant, as the brokers are telling the public, and the market grows stronger and "bullish."  Much of this convoluted talk, frequently happens unintentionally.  People see what they want to see, and hear what they want to hear (or what they are told they want to see and hear), rather than what is really there.

The same can be said about the brokerage houses themselves, and the industry as a whole.  Strength is seen in the markets when no strength exists, and whatever evidence exists to the contrary is often explained away.  When the yield to price ratio dropped to 2.2% on the Dow, well below the yield when crashes normally occur, the low ratio is said to be a sign of confidence in the market - a mere ploy to keep the 'bullish' atmosphere alive.  It may well be that some day 'the house is on fire,' and the technical excuses are still forthcoming, urging the unwary to buy.  The flames spouting out of the windows may be interpreted as heat fluctuations, and when the roof caves in, this might be called a sign of "profit taking."  Although there is probably some fundamental dishonesty involved in many of the contrived perception, in most cases, however, wishful thinking tends to create its own reality that includes a denial of what is actually the truth.

Denials are somewhat like illusions, except have a unique nature in that they deny a nagging reality.  Denials include a deep seated feeling that the truth lies elsewhere than what appears on the surface and is reflected in current action, which truth, however, in not welcome and is carefully ignored.

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Stories about  Sex from novels by Rolf A. F. Witzsche