Creating philosophy vs. dreaming up religion?

I want to share this because it's such an elegant paragraph. But also because I'm very fascinated by this distinction in Fernando Pessoa's The Book of Disquiet.

The choice of "creates" versus "dreams up" establishes an ever-so-subtle hierarchy.

I've dwelling on this quote and I think about it a lot. Does it move any of you? How do you think about it?
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The life we live is a flexible, fluid misunderstanding, a happy mean between the greatness that doesn’t exist and the happiness that can’t exist. We are content thanks to our capacity, even as we think and feel, for not believing in the soul’s existence. In the masked ball which is our life, we’re satisfied by the agreeable sensation of the costumes, which are all that really count for a ball. We’re servants of the lights and colours, moving in the dance as if in the truth, and we’re not even aware – unless, remaining alone, we don’t dance – of the so cold and lofty night outside, of the mortal body under the tatters that will outlive it, of all that we privately imagine is essentially us but that is actually just an inner parody of that supposedly true self.

All that we do, say, think or feel wears the same mask and the same costume. No matter how much we take off what we wear, we’ll never reach nakedness, which is a phenomenon of the soul and not of removing clothes. And so, dressed in a body and soul, with our multiple costumes stuck to us like feathers on a bird, we live happily or unhappily – or without knowing how we live – this brief time given us by the gods that we might amuse them, like children who play at serious games.

One or another man, liberated or cursed, suddenly sees – but even this man sees rarely – that all we are is what we aren’t, that we fool ourselves about what’s true and are wrong about what we conclude is right. And this man, who in a flash sees the universe naked, creates a philosophy or dreams up a religion; and the philosophy spreads and the religion propagates, and those who believe in the philosophy begin to wear it as a suit they don’t see, and those who believe in the religion put it on as a mask they soon forget.

Knowing neither ourselves nor each other, and therefore cheerfully getting along, we keep twirling round in the dance and chatting during the intervals – human, futile, and in earnest – to the sound of the great orchestra of the stars, under the aloof and disdainful gaze of the show’s organizers.

Only they know we’re the prey of the illusion they created for us. But what’s the reason for this illusion, and why is there this or any illusion, and why did they, likewise deluded, give us the illusion they gave us? This, undoubtedly, not even they know.