Translation
You say, “I am rich!
I have grown rich
and have need of nothing,” yet you do not realize
that you are wretched,
pitiful, destitute,
blind,
and naked.
Paraphrase
You say, “I have abundant material and spiritual resources! I have provided myself with all kinds of resources and have need of nothing,” yet you do not realize that you are beaten down and afflicted with deep misery, you are to be pitied, you are as destitute as a lowly beggar, you are totally lacking in spiritual insight, you are covered with shame.