economy – economists

Stay Awake!

Stay Awake! on April 16, 2011

In a situation of the world so serious that there are even rumours of Japan’s recent peacetime disaster, with its estimated 27,000 people dead, being not an act of God but an act of man (look up HAARP tsunami on the Internet), what can a Catholic do to save his soul? In all truth he cannot do much for the world, but the very least he can do for himself is watch, or stay awake.

It is Our Lord in the Garden of Gethsemane who puts watching, i.e. keeping our eyes open and not falling asleep, even in front of praying (Mt. XXVI,41). The reason is obvious. If, like Peter, James and John, I do not keep watch (Mt.XXVI,43), I will cease to pray, maybe, as in their case, when Our Lord most needs it. How many Catholics in the 1950’s and 1960’s, especially the clergy, were not watching the signs of the times in Church and world, and so were caught completely on the wrong foot by Vatican II? That is why “Eleison Comments,” as “Letters from the Rector” used to do, are constantly turning on economics and politics, to get Catholics to wake up to their religion and its demands, far outweighed by its promises (I Cor. II,9).

Thus an expert on Wall Street (see JSmineset.com, March 30, 2011) may say, “The financial system is screwed up beyond repair. On top of that there is no desire to repair anything because the wise guys know it is impossible. It is the world that the flushing of Lehman has created. It is not a brave new world” . . . Jim Sinclair says it does not matter how much “funny money,” as one can call it, the central banks go on creating . . .”The damage is done and there is no solution . . . please get physically self-reliant” (his words, my underlining).

Still, even Traditional Catholics are being tempted to doze off, not to say fall asleep. Here are two recent testimonies. The first is from a teacher in a Traditional school:— “I feel awfully alone in the battle, not the battle with external enemies in the world, but the battle inside the Society of St Pius X, which is being waged with such subtlety that nobody seems aware of it. It is the same as it was in the mainstream Church in the 1960’s, the same slow gradual shift in behaviour.”

The second comes from an inside observer of today’s Traditional Catholic scene in the USA:— “ It appears to me that Catholic militancy is declining. I see many Traditional Catholics, especially family fathers, accepting the ways of the world. The fight is no longer important to them. They are happy to have their beautiful Mass on Sunday, but on Monday send their children to public school. Each November they go out and vote for the lesser of two evils, watch (conservative?) Fox News and declare the (conservative?) Republican Party to be the answer to all of the world’s problems. In my humble opinion this lack of militancy is becoming more and more pervasive in the Traditional Catholic world. Are we (the laity) returning to the same set of circumstances that led to Vatican II? Is the Sunday Catholic now the predominant majority in the Traditional movement? I’m afraid that the answer to both of these questions may be, yes.”

For is it not so much easier to give up trying to swim against today’s current, so much cosier to fall into the arms of Sleep? The very least one can do for oneself is throw out that television set.

Kyrie eleison.

Crisis Advice

Crisis Advice on February 26, 2011

The Catherine Austin Fitts referred to in last week’s “Eleison Comments” as quoting a Washington insider boasting how the modern world is run on fantasy, was herself a Washington insider, having been Assistant Secretary of Housing in the administration of George Bush Senior. She knows what she is talking about.In the same interview she had other interesting remarks to make, in particular the advice she would give to the average American concerned about his economic future and who wants to preserve his wealth and quality of life. She said (see www.321gold.com, Feb 2, “We are victims of a Financial Coup d’Etat”):—

“Your time and attention count. Stop listening to or associating with people or institutions that have a vested interest in centralization. Start by turning off your TV. Shift your deposits, purchases, and donations to people and companies that you can trust. Lower your overhead. Use your time to build as many skills as possible that can help you do more for yourself and barter with those around you. Invest in tangibles, including precious metals. Do not allow yourself to be drained by what I call the “slow burn.” Finally, build your understanding and ability to engage in spiritual warfare. The financial corruption is a symptom of a much deeper and very invasive moral and cultural problem. Organize your life to serve whom and what you love.

“Protect your health. The food and water supply is slowly being controlled and poisoned. Taking steps to assure local sources of fresh food and water is essential for your health. So is educating yourself on steps you can take to detox your body and build your immune system. The rise of environmental and electromagnetic pollution calls for a level of effort to maintain physical energy and strength that was unthinkable a decade ago.”

In the same line of thinking and on the same web-site (Jan. 17, “Waiting for a Hero” by Larry Laborde) is another paragraph of highly practical advice for anyone who can see trouble coming:—

“So what should the average citizen of these great United States do at this point? Avoid municipal bonds like the plague. They will default first. Avoid long term US bonds as well. Short term US notes (6 months or less) are probably OK for now but keep your finger on the sell trigger. Cut back on all expenses and raise cash. Live BELOW your means. Save cash and hedge that cash with precious metals. Keep your cash in local credit unions or locally owned banks. Check their ratings and make sure you are saving in the safest institutions in your area. Cut up those credit cards and quit using them. Pay cash for your purchases. Keep 2 months of cash on hand in an emergency fund. Invest your precious metals 50% in gold and 50% in silver. Invest in physical precious metals when possible. For small investors a good investment is to simply purchase 6 months of non-perishable supplies that they normally use every day. They will probably cost 5 to 10% more in 6 months (not a bad return). Plant a garden or support a local farmer (or both).”

In brief, wake up! To wake up, readers, start by turning off the television set. Live not beyond your means, but well within them. Save cash, invest locally and invest in precious metals. Get at least mentally out of the rat race, and get mentally from the virtual back to the real. Stop using credit cards. Lay in some food supplies, but be careful what you eat and drink. Wake up to the enemies of mankind poisoning food and water in pursuit of global control, part of a war on mankind which is fundamentally spiritual. Catholics, get your Faith on to a war footing!

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.

Unthinkable Thinking

Unthinkable Thinking on January 1, 2011

It is difficult not to think that 2011 will be a momentous year. The world lies in darkness of mind and corruption of will. The Church which should be “light of the world” for the mind and “salt of the earth” against corruption of the will, is in eclipse. It is still there, but its light and warmth, by the fault of men, barely reach them any longer.

Such being the case, troubles of the world and from the world must come upon us. There is going to be, this year or soon after, an unimaginable sea-change in human affairs. The inexorable laws of reality are about to turn world economics upside down, yet most “economists,” professional fools, are still peddling dreamland. To help family fathers in particular to think “outside the box,” let me quote some advice from one writer and speaker on practical affairs who has rather less lost his grip on reality: Gerald Celente, from the New York area (trendsresearch.com):—

“We are continually asked to provide specific trend-focused guidance on what to do to weather the financial storms . . . There are no simple or one-size-fits-all solutions. Every individual situation is different. If you are unemployed in a rural area, you will have a different set of possibilities, and a different set of problems, than people in cities or suburbs.

The key element to realize is that this is going to be a long haul. This is a time of contraction, and a time for conservation and preservation. Overall, there will be less disposable income, and fewer dollars to spend on non-essentials. What was considered an “essential” when money flows becomes “frivolity” when it dries up.

“When looking for work, if your better judgment tells you the job you had is no longer an option (real estate agent, mortgage broker, publishing, construction, retail, auto worker, etc.), now may be the time, if at all practical, to live out your dream. What have you always wanted to do? Have you discovered any unique talents and abilities that set you apart from others? Look systematically at what you would most enjoy doing and what the chances are to make a living out of it. That’s a starting point. If the only work you can find is menial, be the best at it. Do it with creativity and without resentment, and higher level possibilities will present themselves. If you do what you love, you’ll never have to “work.” One definition of happiness might be: “When you wake up in the morning and what you have to do is what you would choose to do.”

“Assess your personal situation. Look for people of like mind, in similar situations with complementary skills. There is strength in numbers. A group with a goal can initiate a program that would be unthinkable and unworkable for an individual.”

The underlinings are mine. I shall be delighted if I prove to be wrong, but I do think now that action’s top priority is soon going to be survival. Gerald Celente provides here a few lines of thought. Pray, of course, that is essential, but as the old saying goes, also keep rowing to shore.

To all readers I send my blessing for the New Year.

Kyrie eleison.

Capitalism Unfolding

Capitalism Unfolding on December 18, 2010

Selfishness cannot make a society. Now money represents essentially its owner’s claim upon the services of the rest of his society. If then capitalism be defined, in anything more than just economic terms, as a way of organizing society whereby every citizen is to be left free to make as much capital, i.e. money, as he can and will, then capitalism is riddled with contradiction. It is trying to make a society requiring selflessness out of encouraging everybody to be selfish.

Thus capitalism can only survive for as long as members of a capitalist society still have pre-capitalist values, such as common sense, moderation in the pursuit of money, and respect for the common good. But capitalism as defined above does nothing to promote any such pre-capitalist values. On the contrary, it works against them, as selfishness works against selflessness. Therefore capitalism is a parasite, living off a social body whose pre-capitalist values it works to undermine.

This internal contradiction of a society built upon the pursuit of money is reaching its devastating conclusion in the present state of world finance and the world economy. Since the end of World War II especially, the peoples of the world have more and more sought money to provide the material comforts they now prefer to the spiritual comforts that formerly gave purpose to their lives. Admiring and seeking money, they have been happy to let the money-men take power over their societies. Admired and sought after, the money-men have taken to themselves more and more money and power. After all, what intrinsic brakes do money or power have to limit their own further acquisition? None. The bankers turn into veritable gangsters.

Hence, for instance, the invention 10 or 15 years ago of “derivatives,” financial instruments which make a fortune in fees for the banksters who purvey them, but which act upon the delicate mechanisms of world finance like weapons of mass destruction, because they easily fabricate an unreal world of colossal and unpayable debt. In this destabilized and fraudulent world of unpayable debt, a semblance of order is maintained by one government after another fabricating out of thin air vast quantities of “money” to “pay” the debt, but this process can only end up in an inflation which empties of any usefulness the currency involved. Thus all the world’s paper and digital money – for years it has had no other – is now doomed.

But money is to a society what lubricating oil is to an engine. Without oil, an engine seizes up and is killed dead. Without money in a society, exchange becomes much more difficult, and commerce can be slowed to a standstill. If for any such reason the food-trucks (or lorries) could not run, and food ran short, especially in the big cities, what could a politician do to head off the food riots, and to stop the peasants from coming after him with pitchforks? Start a war!

World War III may not be far off. Lord, have mercy!

Kyrie eleison.

Rampant Unreality

Rampant Unreality on August 28, 2010

On a private visit two weeks ago to the USA, my first since 2008, I was able to enter and leave the country with no personal problems, but on a two-hour tour which a friend gave me of a major American city, devastated by the recent economic downturn, I observed some daunting social problems:—

As we drove towards the city past a handsome housing estate in the country, he said, “You see all these expensive-looking houses? They are in fact poorly built, cookie-cutter houses, way over-priced, bought with money out of nowhere from the Clinton era (1992–2000), by people living in a dream, from paycheck to paycheck, in a false paradise of high credit, materialism and excessive spending. If they lose their jobs, as many are doing, they will be lucky to get half their money back on their houses. The men have no real skill or trade. Theirs is a world of slick tongue nonsense . . .

“They are mostly white people who have fled from the inner city suburbs where we are now arriving. Look around you at all the houses boarded up, abandoned, dilapidated, with huge gaps in between where the housing has been destroyed to give the illusion of prosperity. But the lost jobs will not come back, so there is no real basis for a return to prosperity. The neat houses you do see have been repaired or re-built with Government money borrowed by the broke city in accordance with unreal housing projects, because the neat houses will not usually be cared for, but will soon be dilapidated again. There is a kind of Government aid which can do more harm than good to the people it is supposed to help, by trapping them in their dependence on it . . .

“Now we are coming into the downtown where you see tall handsome buildings, but also few people circulating. The buildings go back to the 1920’s when this city was a great industrial centre, but after World War II the USA began to lose its industrial pre-eminence. Around the Reagan years (1980–1988) began, as I see it, a false stimulus by the credit card being made available to the common man. In the 1990’s a non-white mayor was elected here who did his serious best to bring business back to the city, and some of these handsome buildings are due to him, but he was voted out by his own people because he was not like one of them . . .

“The economy is hanging on a thread, yet most people think everything will be fine in a year’s time. They think it is lovely if the Government just prints or digitalizes more and more money. Five per cent of the people, or less, understand just how grave the situation is, and less than one per cent see religion as playing any part in their country’s downfall. People look only for band-aids, not for deep or real solutions. The whites have allowed themselves to be given a huge guilt complex, and they have caved in without admitting it. There is a huge problem that everybody senses and knows, but they are too afraid to talk about it . . .”

Yet within 50 miles of this city thrives an SSPX parish and school, unknown or disdained, yet embodying the one true solution: God.

Kyrie eleison.