Aeschylus

Don’t Borrow

Don’t Borrow on July 2, 2011

The latest financial bailout of Greece, announced last week, has once more put off the day of reckoning for the European Union and maybe for the worldwide financial system, but that day is merely postponed, not cancelled. The problem is systemic. If democratic politicians want to be re-elected, they must borrow to pay for the free lunches on which they themselves have made the peoples insist, but the folly for individuals, families or nations of taking out loans upon loans cannot last for ever, and one day it comes to a crashing halt. Such peoples and politicians have today long been on the wrong road, because the decision to heap up loans is ultimately stupid or criminal.

It is stupid if the basic wisdom has been forgotten of three lines of Shakespeare, worth volumes written by professional “economists”:— “Neither a borrower nor a lender be / For loan oft loses both itself and friend / And borrowing dulls the edge of husbandry.” In other words a habit of borrowing accustoms one to not “husbanding” or looking after the resources one has. For instance, at least to begin with, money borrowed comes too easily, thus undermining the sense of money’s value and the sense of reality, for instance how hard money can be to earn or eventually to pay back. As for lending, says Polonius (Hamlet, I, 3), not only are loans often not paid back, but also if I have lent to a friend who cannot pay back, he can be too afraid or ashamed to come near me again.

However, not all lenders are stupid. A number of them are criminal, because they know that by lending money at usurious rates of interest they can reduce individuals, families and nations to poverty and slavery – “The borrower is servant” (or slave) “to him that lendeth” (Prov. XXII, 7). Certain credit cards are now paying between 20 and 30% rates of interest, yet the Catholic Church has always severely condemned usury. Usurers are criminals who destroy the fabric of society by impoverishing and enslaving their fellow men, or whole nations.

In modern times usury takes different forms, say the Popes, and this is why the whole world should now be waking up to the fact that it has let itself be enslaved by the cunning money-men, who use their money to master the media and politicians in particular, and thus buy control of an entire society giving itself over to Mammon. The question then arises, how can God have allowed such a state of affairs to come about, and how can he now be meaning to allow the immense suffering that will come with the imminent financial crash and/or World War, both of which will have been engineered by his enemies to give them, as they hope, total world power?

The answer is that he has granted such power to his enemies because their cruelty and inhumanity serve him as a scourge to be laid across the back of a world that has turned away from him, and has preferred to take Mammon for its master – you cannot serve both God and Mammon, says Our Lord (Mt. VI, 24). And God will allow a great deal more suffering in the near future, because “In suffering is learning” (Aeschylus), and in fact only heavy suffering will today be enough to enable any significant number of souls worldwide to learn that their materialism and worship of Mammon are treacherous enemies of their one true interest, the salvation of their eternal souls.

Mother of God, obtain mercy for us poor sinners!

Kyrie eleison.

Unbelievable Hubris

Unbelievable Hubris on February 19, 2011

Prophets of doom do not make themselves popular, but if they are ministers of God, they must tell the truth. Now some people say that such ministers should not concern themselves with politics or economics. But supposing politics have become a substitute religion, necessarily a false religion, as they put man in the place of God? And supposing economics (or finance) are about to make many people go hungry? Are ministers of God not allowed to ask, with Aristotle, how people are going to lead a virtuous life if they will be lacking in the basic necessities of life? Is the virtuous life not the business of such ministers?

Therefore I make no apology for quoting a remarkable paragraph from a reporter of the prestigious Wall Street Journal who relates how in the summer of 2006 he was rebuked by a senior adviser of then President Bush for having written an article critical of a former communications director in the White House. He says that at the time he did not fully comprehend what the adviser was saying to him, but afterwards he saw it as getting to the very heart of the Bush presidency. Here are the adviser’s own words, as quoted by the reporter:—

People like the reporter, the adviser said to him, are “in what we call the reality-based community, meaning people who believe like you that solutions emerge from your judicious study of discernible reality.” The reporter should forget about yesterday’s principles of respecting reality. “That’s not the way the world works anymore. We’re an empire now, and when we act, we create our own reality – judiciously, as you will – then we’ll act again, creating other new realities, which you can study too, and that’s how things will sort out. We’re history’s actors . . . and you, all of you, will be left to just study what we do.” (See www.321 gold, Feb 2, “We are Victims of a Financial Coup d’Etat,” by Catherine Fitts.)

This is not me moralizing about how the modern world runs on fantasy. This is a Washington insider of insiders, positively boasting of how the modern world is run on fantasy. Do not his words correspond exactly to the fabrications, for instance, of 9/11 and Saddam Hussein’s “weapons of mass destruction,” “created” to justify policies otherwise impossible to justify? The arrogance of such a scorn for reality, and for people respecting reality, is breath-taking.

The classical Greeks were pagans with no knowledge of the revealed God, but they had a clear grasp of that reality which is the moral framework of his universe, governed, as they saw it, by the gods. Any man, even hero, who defied that framework, like the Bush adviser, was guilty of “hubris,” or of rearing up above his proper human station, and he would be crushed accordingly by the gods. Catholics, if you think that grace does away with nature, you had best re-learn from the pagans of olden times those lessons of nature which are more than ever needed today. Study Xerxes in Aeschylus’ Persae, Creon in Sophocles’ Antigone, Pentheus in Euripides’ Bacchae. Pray the Holy Rosary for sure, but also read the famous classics, plant potatoes and pay down debt, say I!

Kyrie eleison.