Eleison Comments

Thrift Matters

Thrift Matters on January 3, 2009

Another brief visit to the United States gives me to think that a large part of the population, while concerned about the financial and economic state of their nation, are going about their business as though there is nothing too much to worry about. Perhaps there is not much else they can do. Perhaps it is only human to go on “eating and drinking, marrying and giving in marriage,” until the catastrophe hits (cf. Mt. XXIV, 38).

However, my own best understanding, from the commentators who make the most sense to me, is that a major catastrophe is on its way, which will go way beyond mere finance and economics. The best commentators see what stands to reason, namely that if the problem is deep and human, its roots are moral and, ultimately, religious. Let us back up with one commentator from today’s effects to yesterday’s causes (within the USA):—

Regulators and financial institutions “woke up too late” to the collapse of a pyramid of debt, partly because in its last stage it had been too profitable to them. In this last stage “liar loans” in the form of SIVs (Structured Investment Vehicles) had been invented to deal with borrowers on housing not repaying their debts. SIVs did this by packaging good mortgages with bad, and selling the packages as “investments” to gullible investors who did not do their homework. Everything seemed good until housing values fell, as they were bound inevitably to do. Then borrowers repudiated their debts, confidence cratered, investors and huge financial institutions were bankrupted, from the USA outwards to much of the rest of the world.

And why had housing in particular brought down the house of cards? Because housing, second most important part of the whole US economy, had become an investment as well as a home, and collateral for house “owners” to take out still further loans. Moreover since the 1970s, the US government had been subsidizing mortgages for people normally unfit to borrow (but who vote!), and it had been bullying lenders to make loans according to “equality” and not according to their better judgment.

Further back still, the government had set households the example (taught by the Englander John Maynard Keynes – “Tomorrow we are all dead anyway”) of living beyond one’s means, as though endless borrowing could ensure an endless increase of prosperity. Financial responsibility was made to seem a thing of the past. Such reckless behaviour on the part of the government had been greatly facilitated by the disastrous founding in 1913 of the private bankers’ Federal Reserve, enabling the government, amongst other things, to rob the mass of citizens without their realizing it, by means of inflation – five cents then bought what only a dollar can buy now.

But let us make no mistake – broadly speaking, citizens have from God the governments they deserve, especially when they are convinced that their government is “democratic.”

Kyrie eleison.

Providence’s 2009

Providence’s 2009 on December 27, 2008

In mid-November last year “Eleison Comments” recommended “fastening seat-belts” for the year 2008, because a couple of private revelations and above all “pressure building towards a third World War” together constituted “at least an orange alert.” Was the alert justified? What about 2009?

As for the alert, WW III has still been postponed, but it is surely not cancelled. “The justice of God grinds slow,” says the old proverb, “but it grinds exceeding small.” In other words, the Lord God may take his time – “He dealeth patiently for your sake” says St. Peter, “not willing that any should perish, but that all should return to penance” (II Pet.III,9) – yet God does not miss the least little detail. The year 2008 has seen only the stepping up of the offences against him – indifference, blasphemy, immorality, etc, etc. At a given moment he is going to say, “Enough!” In 2009?

Possibly. In any case it is worth recalling that in 1917, under Pope Benedict XV, Our Lady said at Fatima that if Russia were not consecrated to her Immaculate Heart in the way she would come to ask, then another more terrible war than WW I, then raging, would break out “under the reign of the next pope.” This would be Pius XI. Yet Pius XI died in February of 1939, whereas WW II was declared by England and France only in September of that year, under Pius XII. Had Our Lady made a mistake?

That is not likely. What happened was that in January of 1938, while Pius XI was still pope, exactly when the unusual red light foretold by Our Lady to be the warning sign of “the more terrible war” was seen all over Europe’s night-sky, Stalin was being told in Russia how, by making an alliance with Hitler (the subsequent Ribbentrop Pact), he would enable Hitler to launch an exhausting war to the West (declared ten days after the Pact!) which would open the way for Russia to take over all Europe from the East. In other words, WW II broke out in public under Pius XII only because it had been previously planned and decided in private under Pius XI. So Our Lady was not mistaken. And God knows how for well over a century his enemies have been planning WW III.

So as for the coming year, let souls still asleep in economics or politics wake up to how it is God’s justice that is closing in, and let souls awake but who may be discouraged or frightened by what they see around them, take heart! Shortly before dying of a horribly painful tuberculosis, St Therese of Lisieux said, “I am more convinced than ever that Providence watches over the least little detail of our lives.” How could it be otherwise?

Kyrie eleison.

Campos Resilient

Campos Resilient on December 20, 2008

Catholics regularly ask, “What has happened to Campos?” They are referring of course to the Brazilian diocese which Bishop de Castro Mayer, lone hero of the post-Conciliar episcopate alongside Archbishop Lefebvre, maintained in Catholic Tradition until his death in 1991, but which his second successor, Bishop Rifan, led back under the Roman authorities ten or so years later. The question then is, how well is Catholic Tradition faring in the Campos now under Roman control?

And the answer is that the 40-plus-year war between Catholicism and Conciliarism is unfolding along the usual lines: the laity who cleave to Tradition are tranquil in their Faith; the best of the priests now under, ultimately, neo-modernist Rome are suffering from split loyalties; their bishop, loyal to the same Rome – or to his own ambition – is manoeuvring all the time to Conciliarise the work of Bishop de Castro Mayer.

Ambition is the only explanation that the most clear-sighted layfolk can find for the defection to neo-modernist Rome of Bishop Rifan. These layfolk say, “If he was wrong to follow Tradition for so long, why should he be right now? The valid books he wrote then, are they invalid now?” The Bishop threatens them with taking away their priests. Reply of one of these layfolk: “Your Excellency, that’s entirely up to you. As for me, at Easter I will bring in a priest from outside, if necessary.” Over such souls the Bishop has lost all influence.

Some of the laity say that nothing has changed in the eleven parishes of Tradition, and they declare that Bishop Rifan can do no wrong. Others notice the beginning of changes, for instance how the priests no longer tell the people to throw out the television set because it is enough to keep it under control. Logically, for a bishop and priests letting go of the complete truth, their preaching is tending to become more authoritarian. However, they are liable to back down where they sense a resistance which would diminish the numbers of their flock.

Typically, the clear-sighted laity, in particular a group of some 180 souls in three chapels of the Traditional parish of Vari Sai, are turning to priests uncompromisingly Traditional to say Mass for them and to maintain their Faith. Long term, their hope is in the Society of St. Pius X, which is the major support system of such priests, and which is showing no signs of being about to fall in with the neo-modernists of Rome. But the struggle must continue. As Our Lord says, “If these days were not shortened . . .”

Kyrie eleison.

Extrarchal Cogitation

Extrarchal Cogitation on December 13, 2008

“Archa, archae” is the Latin for “box.” Thinking outside the box is not a popular activity – who wants to be shaken out of their comfortable mental routine? – but circumstances may soon force it upon all of us. It may not be a bad idea to get a little used to it sooner rather than later. Here are some considerations of an American, James Kunstler, who is not afraid to cogitate extrarchally!

The recent succession of massive bailouts by the USA government of mega-banks and mega-corporations TBTF (too big to fail), he says, is no better than injections of embalming fluid into the walking dead. Worse, the corresponding fabrication of trillions of dollars out of nothing virtually guarantees hyper-inflation in anything from six to eighteen months. But if the dollar is destroyed, how will the USA pay for imported oil? And without oil, what happens to our whole oil-based way of life?

Moreover, with the collapse of the debt pyramid, what happens to the whole fantasyland, built like most everybody’s houses and cars, on credit and debt? People will have to get back to real as opposed to virtual activity. Back to the distribution of property and growing of food as before the arrival of petro-agriculture. Back to the land, or social chaos! We must start thinking – outside the box – of alternate energies in place of oil, of production instead of consumerism, of localism in place of globalism.

Mr. Kunstler recognizes that a “zombie disease” has “eaten away our brains,” but he still puts his hope in a young generation of Americans realizing what an opportunity to rebuild is offered to us all by this meltdown, and he hopes that a revived American people will set its shoulder to the wheel. I wish I shared his hope, but the whole question is religious, and the closest that he gets to mentioning the Lord God is when he comments that “the meltdown is building straight into the Christmas holidays”!

Yet as the Psalmist says, to build the city without God is to build in vain (Ps. CXXVI). And, as Our Lord says, “He that gathereth not with me, scattereth” (Mt. XII, 30). All the suffering that lies in wait for us next year will be allowed by God for one supreme purpose, to help us to save our souls for eternity. If the collapse of our gimcrack paradise on earth merely makes us want to build a solid paradise on earth, he may have to increase the dose of suffering until we get the point.

Kyrie eleison.

Prophetic Protocol

Prophetic Protocol on December 6, 2008

In the unfolding crisis of global finance and economics, it is important to discern (as best one can) the plans both of the Lord God and of his enemies. Many people may be hoping that the crisis will ease off in the near future, thanks to the apparently energetic interventions of many governments, but such an easing would serve neither the justice and mercy of God, nor the ambition of his enemies . . .

One commentator gives seven structural reasons why the crisis is by no means over. Four of them concern our present lamentable money system, whereby the mass of money circulating in the world is loaned into existence, so that if nobody lends or borrows, there will be no money to circulate: 1 Most potential borrowers in the USA, private or corporate, are now tapped out, so anybody lending to them is liable to go under. 2 Nobody can force households or businesses to borrow or spend. 3 Nobody can force lenders to lend, especially when most borrowers are insolvent. 4 Whatever money people can get hold of is going to paying down debt, or to savings.

The other reasons for the party being over are: 5 The real estate-finance-insurance economy is dead, because transaction and debt velocity are way down, with nothing to stop them falling still further. 6 Governments and corporations alike are living with fantasyland expectations of yesterday`s revenues being sustained tomorrow. 7 The USA already has too much of everything, e.g. hotels, offices, homes, cars, television sets, etc, etc. Inventories are full, and liable to move slowly at best. The party is over. Over.

Now money-men are amongst the most astute and motivated of mortals. It is inconceivable that they did not see this crash coming. Consider this text, published in 1905: “We shall create by all the underground methods available to us, and with the aid of gold which is all in our hands, a universal economic crisis whereby we shall throw on the streets whole mobs of workers simultaneously in all the countries of Europe. These mobs will rush delightedly to shed the blood of those whom, in the simplicity of their ignorance, they have envied from their cradles, and whose property they will then be able to loot. But “ours” they will not touch . . . we shall take measures to protect our own.”

Now the class warfare planned for 20th century Europe by means of Communism may have been replaced by race warfare planned for the 21st century globe by means of immigration, but the basic plan, to be achieved by gold through a “universal economic crisis,” has apparently not changed.

And the Lord God`s plan? To use his very enemies, the Masters of Gold hungering for global domination, as a scourge to lay across the backs of his apostate children throughout the world, who have turned away from him, to materialism . . . to gold.

Kyrie eleison.

Juvenal Again

Juvenal Again on November 29, 2008

Last week “Eleison Comments” drew attention to the remarkable (in a pagan) natural wisdom in matters spiritual of the Roman satirist Juvenal, who was in his prime about 100 years after Our Lord was born, but who is not known (as far as I can discover) for any contact with the Catholic religion then rising in Rome.

A first lesson drawn from the passage concluding the Tenth Satire was that grace is in line with that God-given nature of ours from which Juvenal was working. Grace is only out of line with our fallen nature, which fell with Adam and has ever since been flawed with original sin in all of us, making all too easy the succession of our personal sins. On this sinful nature, as sinful, grace does make war, but only to heal and elevate that God-given nature which necessarily underlies the sinful nature, as some apple necessarily underlies the rot of any rotten apple. That Juvenal with no apparent help from grace could write so well not only of human rot but also of the underlying nature refutes the dreadful heresy that there is nothing in human nature which is not rotten.

A second lesson for our own times was that the ancient pagan satirist who promoted natural sanity even without any notion of supernatural grace, was a better man than the mass of apostate post-Christian pagans who are today rotting and rooting out both nature and grace. Similarly, to one who visited a week ago the Washington DC Museum of Modern Art, the current exhibition of ancient artistic pieces from pagan Pompeii offered much more for the human heart and mind than did all the modern exhibits put together.

A third lesson, accentuated by modern times, might be the value of reading the classical Latin authors, such as Juvenal. When it comes to the learning of Latin, some pious souls argue that Catholic youth should be immersed rather in the abundant Latin texts of the grace-filled Church Fathers than in pagans like Juvenal. True, the Church Fathers are stainless where pagan authors are always more or less stained, but precisely because the Fathers are filled with grace, surely they cannot in the same way testify to that God-given nature in us which is prior in being, not in value, to God-given grace. Does not this nature need today all the help it can get?

Kyrie eleison.