Why there is no "spiritual healing" industry

For over 30 years I practiced "spiritual healing" and never could make a living from it. And I never knew anybody else who got rich off that kind of practice. The little money I did make was from faithful people who believed they should support the practice, or from people too timid to complain they weren't healed, or from people who simply wanted a dial-a-friend. (Yes, there are a lot of lonely, hurting people who just want someone to say nice, positive things and express some love to them.)

But aside from the theological issues, a strong reason I stopped that kind of quackery is that there's no money to be made in it because spiritual healing simply does not work. If it did, it would be the hottest industry in the world. There would be millionaire spiritual healers. IPOs would spring up like mushrooms over every latest wrinkle in prayer technique or practice. Apologists for spiritual healing explain the vacuum by citing the evil materialism of opponents, even while they often admit that medical practitioners are sincere and humanitarian. In other words, most people who rely on or practice medicine just aren't spiritual enough.

And yet, in spite of - or even because of - their greed, there would be a spiritual healing industry larger than modern medicine. Sheer pecuniary interest would make converts of atheists and those billions of vulgar materialists - just as they now invest in the oil and defense industries, that while they do so much damage still have huge markets for their products.

But there's no such investment opportunity. Spiritual healers are pretty much loners, cultivating groups of followers who have more faith in them as shamans than in the spiritual "science" they purport to practice. And I'm not talking about the flashy televangelists who mesmerize millions with their obviously tricked up displays of faith healing. I'm talking about "professional" solo entrepreneurs, like I used to be. And even ordinary folk who offer to pray for sick people.

In the following article, Why Use Medicine If Prayer Works?," this conversation sums it up:

Nurse: “Would you like me to say a prayer for you?”

Me: “Feel free. Now I’d like to ask you a question… why did you go through all the necessary medical training if you believe that prayer can heal people?”

Financial impact of a strike on Iran

**ING, a major investment bank has warned the financial community that a preemptive strike, by Israel or anybody else, would have the following consequences:

The financial market impact would be dramatic, even if Iranian retaliation were restrained. Risk assets have risen strongly over the past three years, and a surprise attack on Iran would catch out markets pricing in little volatility. The US dollar, government bond yields, stock markets and industrial raw materials would all fall. Oil and gold prices, could spike, boosting related equities, debt and currencies. Other credit spreads would widen, and the unwinding of carry trades would see funding currencies benefit, although Japan, dependent on Iranian oil, might lag others such as the Swiss franc. A prime casualty might be the Turkish lira, which could fall 10-20%. The duration of these effects would depend on the extent of Iranian retaliation: a constrained response would make them short-lived.