Tag: Wall Street

Stay Awake!

Stay Awake! posted in Eleison Comments 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.

81 / 121 Re-Structuring

81 / 121 Re-Structuring posted in Eleison Comments on June 27, 2009

Tomorrow, or the day after, there is hardly a box outside of which it will not be necessary to think. In Church and world, the mentalities and structures of so-called “Western civilization” are collapsing around our ears. Still the mass of Western souls are preferring to slumber on in their audio-visual dream, but reality is closing in all the time – they may awake not before they are shackled into the New World Order.

The USA has for nearly a century acted as the shield and sword-bearer of “Western civilization.” Now its financial, economic and political power structures are melting down in a welter of greed, corruption, selfishness and dissolution slung between Wall Street, New York, and Washington, DC. However – let it never be said too often – “We the people” have only ourselves to blame. We have wanted the cause: godless materialism. Now we must live with the effects: the final breakdown of fractional reserve “banking,” of paper “money,” of democratic “politics.”

City structures are crumpling. In Flint, Michigan, original home of General Motors presently employing 8,000 local people where once it employed 79,000 and now bankrupt, local politicians are pioneering an idea to save their dwindling city: raze entire districts and return the land to nature. This idea so appeals to the Federal Government that another 50 cities have been earmarked as potential candidates for salvation by the bulldozer, including Detroit, Philadelphia and Baltimore.

State structures are failing. In California, Controller John Chiang said a few days ago that if State lawmakers cannot quickly solve California’s 24 billion dollar deficit, then next week he will have to pay State debts with paper promises to pay. “Unfortunately,” said he, “the State’s inability to balance the check-book will now mean short-changing taxpayers, local governments and small businesses.” It is easy to imagine how these will react, but it is not easy to imagine how the budget deficit will be solved.

As for our national structures, if we will not acquiesce to their being merged into the international New World Order, then surely a Third World War will be engineered to persuade us, starting with an 81/121 (a 9/11 squared)! Yet all these collapses pale in comparison with Vatican II, because it was the Catholic Church that was upholding “Western civilization.” If the Catholic collapse is not soon reversed by the Consecration of Russia to the Immaculate Heart of Mary, then one must wonder if the healthiest elements in the Church will not need re-structuring as an underground resistance movement.

Kyrie eleison.

Guerrilla Gardening

Guerrilla Gardening posted in Eleison Comments on September 20, 2008

Over the last few years I have advised several owners of a house with a yard or garden to pull up the rose-bushes and plant potatoes. Some of them must have wondered what on earth I was talking about. With the collapse of Wall Street and finance capitalism now well on its way, they may understand better.

It is the last Chairman of the US Federal Reserve, the banksters’ puppet at the head of the banksters’own Sesame Cave, who for several years promoted, pushed and protected those financial instruments known as “derivatives” which the famed American investor Warren Buffett denounced prophetically soon after they appeared as “weapons of mass financial destruction.” In other words the banksters themselves put in place the rolling rock to let loose the avalanche.

“Free enterprise” means in effect survival of the fittest, with freedom for the stronger to eat up the weaker, until takeovers and mergers make enterprises so massive that they become too big to fail. Then, by capitalism’s internal contradiction, the failing enterprises that used to scream for the government not to intervene, now scream for it to intervene, and we see, for instance, the US government nationalising Freddie Mac and Fannie Mae (Sept. 13), AIG, etc. Thus capitalism and socialism that always pretended to be enemies suddenly discover they are friends, while the banksters’ globalism is waiting in the wings to swallow up both of them.

So what is the solution to the grand problem of the false split between capitalism and socialism? Many serious and honest non-Catholics recognize it is to be found in Pope Leo XIII’s famed Encyclical of 1891, Rerum Novarum. That solution is the Gospel. Yes, both capitalism and socialism are problems ultimately religious!

And what is the solution to the immediate problem of rising food prices and imminent war (classic solution for capitalism’s problems)? See the article on “Guerrilla Gardening” in the August 25 edition of the admirable “American Free Press” – dig up the lawn and plant potatoes.

Kyrie eleison.

Storm Advice

Storm Advice posted in Eleison Comments on December 22, 2007

The Christmas present for readers of “Eleison Comments” will be some practical advice for what looks like a very ugly financial situation advancing upon all of us. The advice comes from a man who worked on Wall Street for a number of years, now retired. Nobody is obliged to take seriously what he says:

1. Maintain at least 1,000 dollars in cash in a safe place inside your home.

2. Consider carefully whether any investments you may have are easily redeemable.

3. If you own securities, make sure you obtain stock certificates documenting your ownership.

4. Do not maintain any bank account in excess of 100,000, and consider carefully just how much faith you have in the government’s willingness or capacity to truly insure your “FDIC-insured” bank account.

5. Consider carefully keeping some funds in a currency such as Swiss francs, or purchase gold or silver coins if you believe these will not be confiscated in the event of a financial crisis.

6. Consider withdrawing from any debt instruments currently yielding less than the present true rate of inflation.

7. Consider withdrawing funds from tax-deferred investment plans, despite any penalty that will be incurred, because a crisis may make such funds in effect inaccessible.

8. Consider just how liquid your stock holdings may be in a crisis, because markets can and have been closed, and your assets can be frozen while they lose their value.

9. Develop a master plan for riding out the storm should there be a disruption of essential goods and services.

10. Do not take out loans under any circumstances.

11. Cut back on consumption. Buy necessities and eliminate purchases of “extras.”

12. Increase cash savings. Save no less than 10% of net monthly income.

13. If a major bank fails, seriously consider withdrawing all funds held in savings accounts and all but the bare minimum necessary for current expenses in checking accounts.

Forgive me, dear readers, for adding a 14 – do not ask “Eleison Comments” for financial advice, because “Eleison Comments” is incapable of giving any such advice. It is only capable of recognizing that we have made idols out of our money and our governments, and we are all going to be punished through our money and our governments. God is merciful, but he is also just. The Divine Baby came to Bethlehem to save our souls, not to save our money. Happy Christmas.

Kyrie eleison.