Note: Although Brexit is topical at the moment, and I enjoy reading posts about it on this and other blogs (when time allows), today I would prefer to direct readers elsewhere on that topic and encourage them to spend time in prayer on the matter.
Comprehensive Sexuality Education: This is the link to the video . . . here.
Where in God’s name is the opposition to this outrage? Where are the Catholics, Anglicans, Methodists, Baptists, Evangelicals and their leaders? Where are the leaders of our countries and their Ambassadors to the UN?
The people who are pushing this rot and destroying the lives of our children should be rotting in jail before they rot in hell which is probably their final destination.
For me, as a Catholic, I ask where is the Pope and where is the USCCB on these issues? Are they too busy worrying about climate change and the invasion of illegals who are destroying our cultures,while saving the planet and giving our children over to satan and the loss of their souls? Where are the homilies and the action groups pushing to oust these monsters and jail them for the damage that is being done to the souls of our children? This is child abuse at its worst and nobody cares and nobody knows about it and it gets worse every year.
God forgive us.
Today is the fourth time I have witnessed the Precious Blood spilled on the floor during Communion at my parish (Novus Ordo, of course). Yet it is neither a problem of sufficient worry to stop Communion under both kinds nor the use of Extraordinary Ministers of Holy Communion, presumably because The Holy Sacrifice of the Mass would take too long without them: after all they have to get back home and watch a football game. No prob.
Of course, in this enlightened age of total disrespect, lack of solemnity and disbelief in the Real Presence of Christ in the Eucharist (Body, Blood, Soul and Divinity) it is no longer a big deal. Since it is a simple a symbolic meal it takes on the same concern that one might have in cleaning up a spilt glass of wine at a cocktail party. ‘Let’s get the club soda out so that we don’t stain our new, expensive carpets.’ Who notices or really cares?
And of course since 99.9 percent of the congregation receives the Body of Christ in their hands, as though they find themselves worthy to do so, we have, like everyone else in Novus Ordo land, quit using servers with patens to prevent the Hosts and particles from falling to the carpet. But that’s no problem; isn’t that what they made vacuum cleaners for, after all? So nobody minds.
Now since I became a Catholic I have found personally 3 consecrated Hosts which were discarded. I suppose the people simply palmed them and went back to their pews. They left one in a hymnal and another under the pew and the third one I found under a bush right outside the door to the parish. I have found others, but at different parishes. But hey, they only think of it as a symbol these days (the Pew poll saying that only 30% believe in transubstantiation); no biggie. Why all the fuss?
The parishioners don’t care, the pastor doesn’t seem to care and I guess I’m not supposed to care either. Like I said in my last post, ‘what does it matter, and who cares’? I’ve talked and pleaded until I’m blue in the face and they think that I’m the nut. But those who view the Sacrifice of the Mass as a symbolic meal seem to find no problem with these things. I wonder if they were at the foot of the Cross with Our Lady and St. John if they would have composed themselves this way and simply looked upon our Lord hanging and bleeding from the Cross as a symbol too. Who’s to say?
Parliament will be prorogued, which means a short break between the sessions of its (normally) five-year term. This article at The Conservative Woman, is worth reading on this topic.
I have written in the past about Mystery Babylon here and here. Chalcedon has also exploded the false teachings of Alexander Hislop on this subject here, with which I concur, having seen them refuted in Joel Richardson’s Mystery Babylon. I have recently been watching ministry videos from Paul Keith Davis, who believes that Mystery Babylon represents (among other things?) a kind of religious system, from which Christians are to exit (“Come out of her my people!”).
Mystery Babylon in Revelation is one of the most difficult and controversial passages in Scripture. I do not propose to offer a definitive interpretation here. However, the recent videos have caused me to return to a topic which I had left alone and, in particular, they have made me think about the topic of Christian unity, whether or not that is the point of the passage.
It is evident that many of the traditional churches have been corrupted. I am conscious that as a sinner myself (as all humans who have conscience are), it is awkward for me to find fault. Nevertheless, I feel I must make some observations because the situation is grave. There are many members of the clergy who cannot be called orthodox: for they deny (or do not assent to) fundamental tenets of the faith. These people, in positions of power and authority, are extremely problematic.
It seems unlikely that they will be forced out of the Church. Furthermore, they are making it harder and harder for orthodox, conservative enclaves within the Church to continue unmolested. Therefore, many Christians, even if they do not explicitly confess it to others, find themselves asking if the cry “Come out of her, My people!” is applicable today. This does not mean that such questioning Christians believe that the final time of the end is upon us; rather, they wonder if the underlying principle of that cry has come into effect once more, just as it did in times past.
Such thoughts are more characteristic of Protestant Christians (and the churches lineally descended from the Protestant groups) than of Catholics and Orthodox Christians. Ecclesiology plays a role in how one interprets the data. Herein lies the problem: to hear the voice of God, one must remove preconceptions that hinder that audition. How does one determine whether a preconception is of God or not? It is by the Word and by the Spirit (and some would say the Spirit acting through Tradition (the Apostolic Deposit of the Faith)).
How do we discern the difference between the voice of the Spirit and the voices of other spirits or the voice of our own hearts? The Spirit’s word will be in concordance with Scripture. The work of God can surprise us sometimes. The Disciples were scandalised by people who did the work of Christ but did not travel as part of Jesus’ entourage. He told His Disciples not to hinder them, because they were doing His work. Such people belonged to Him, even though they did not travel in the entourage.
Do we need to learn this lesson again today? How do we overcome the Great Schism and the Reformation? How do we as followers of Christ overcome the corruption of the clergy and laity? How do we come together? Christ told us to love one another.
Perhaps God will take us through this by internal promptings and external circumstances. Perhaps we do not need to formally come together: it may be sufficient that we are one in Spirit, that we support one another. If an exodus from the traditional churches is necessary to achieve complete oneness, perhaps there will be a coming of the Spirit, like at Pentecost, that will achieve this result. Perhaps persecution will compel us to flee the old institutions and supernatural revelation from the Spirit will guide us into new house churches that will restore what has been divided.
Prayer seems to be necessary whatever route God wants us to pursue. For my part, I am conscious that I must devote more time to prayer, that I must seek the Lord on these matters, that I must repent where appropriate, that I must give God space to impart revelation, to guide me in the attitudes of the heart and the strategies to be pursued.
The scene is grim. Although we in the West do not face the kind of martyrdom our brothers and sisters are suffering in the East, we are not without opposition. It is easy to feel alone, especially if one is zealous about the Gospel and reform. My prayer for my friends here at AATW, NEO, and Richard’s Watch is for the following things.
- Christians in your area with whom you can share the deep things of your heart, be they priests, members of the congregation, family members, or co-workers
- Fresh revelation from God about the times in which we live and how you as an individual can play your part for the Kingdom
- Healing and blessing for your body, soul, and spirit – may you be empowered to do God’s work
- Endurance, to run the race until the end
- Protection, against all kinds of evil
- Courage of your convictions – to make the difficult choices when you must
May God grant you all this and more, through Jesus Christ your Saviour.
Gloria Deo omnipotenti, Patri et Filio et Spiritui Sancto. Amen.
In the Instrumentum Laboris for the upcoming Amazonian Synod, we see Liberation Theology at its worst in its teaching of ’Tribalism’ but also its blind hypocrisy which is evident throughout the document.
For the topic of its socialist teaching on Tribalism, I would refer you to the insightful interview with Prof. Thomas Stark over at Lifesite News: https://www.lifesitenews.com/news/catholic-philosopher-amazon-synod-working-doc-promotes-most-dangerous-form-of-socialism
As to the hypocrisy in the documents I will simply point out one for your consideration.
“78. The family in the city is a place of synthesis where traditional and modern cultures meet. However, families often suffer from poverty, precarious housing, lack of work, increased consumption of drugs and alcohol, discrimination and juvenile suicide. In addition, there is a lack of dialogue between generations in families; traditions and language are lost. [. . .]”
It is obvious that since the opening of the windows of Vatican II we essentially allowed this ‘synthesis’ to take place within our Catholic Culture as well. And we are now seeing what happens when Modernist cultures meet the Traditional Culture that developed organically over the last 2000 years. The people are leaving in droves and they are losing their faith and our youth are committing spiritual suicide.
Note that the synod is against this transition of the traditions of these tribes but is all for throwing away our own Catholic traditions; as later in this document you will also read that they suggest ordaining married men and women.
It is also apparent that they lament the loss of traditions and language (as they also spoke highly of incorporating traditional music, songs and symbols to be incorporated in their liturgical worship) and yet are oblivious to the self-same destruction they brought upon the Catholic Church after Vatican II. Did we not simply chuck our Traditions without being consulted? Didn’t they just foist change upon change upon us; destroying the Holy Sacrifice of the Mass and now haven’t we lost most of our uniting traditions like our songs of worship plus our Latin language? They seem to be blindly hypocritical.
This document tells us how these tribal groups can help inform our faith and that they should not lose their creation legends and such; these should be enriching to our own belief somehow. So are they going to next have us research the pagan societies from which the Jewish people emerged so that we can embrace those old practices as well? Should we delve into the occult and black mysteries associated with our lost traditions and origins?
I was not sure when I read this preparatory document for the Amazonian Synod whether it might not have been ghost written by Jeffrey Sachs, George Soros or some college professor of their ilk. If I had not read this document for myself I would not have imagined that the Catholic Church would ever actually write a document of such low-grade thinking and filled with so much heretical thought. But then this is what we deserve for allowing these abuses to be forced down our throats one by one all these years.
Furthermore, isn’t it true, for all your griping and wailing over the exploitation by the Capitalists upon these poor tribes, that this is precisely what you yourselves have been doing to the Catholic people for years? We have been raped, ravaged and all of our spiritual resources have been depleted and polluted by whom? You, of course.
Hypocrites, one and all.
Let no man deceive you by any means: for that day shall not come, except there come a falling away first, and that man of sin be revealed, the son of perdition, who opposeth and exalteth himself above all that is called God, or that is worshipped, so that he as God sitteth in the temple of God, shewing himself that he is God.
-2 Thessalonians 2:3-4
And then shall many be offended, and shall betray one another, and shall hate one another. And many false prophets shall rise, and shall deceive many. And because iniquity shall abound, the love of many shall wax cold.
Moreover king Antiochus wrote to his whole kingdom, that all should be one people, and every one should leave his laws: so all the heathen agreed according to the commandment of the king. Yea, many also of the Israelites consented to his religion, and sacrificed unto idols, and profaned the sabbath.
-1 Maccabees 1:41-43
People leave Christianity for a variety of reasons. Sometimes, they come back. The Bible tells us that Christ goes looking for the lost and that no-one can separate us from the love of God. How, then, do we understand the case of a person who, so far as we know, never came back? Some argue that the person was never a true Christian in the first place. Others say that it is possible, through a free choice, to renounce one’s salvation.
In any event, the Bible teaches that there is such a thing as apostasy. Those who formerly were identified as Christians, whatever that means metaphysically and epistemologically, have ceased to be Christians. Spiritual death is the final result of apostasy: those who do not belong to the Lord will be cast into the fire at the final resurrection, like weeds gathered in the harvest of a farmer’s field.
Ministering and holding one’s own faith in the midst of apostasy are challenges. Life has a way of testing people. The Bible tells us that God does not permit testing beyond what we are able to bear, but this does not entail that everyone passes the test.
Although each one is ultimately responsible for his own choices, humans live in societies. As John Donne once observed, “No man is an island”. The Bible teaches that Christians are part of God’s family; we are brothers and sisters to one another. This means we have a duty of care towards each other, qualified by our awareness and ability to help.
The problem of evil is something that ostensibly has caused apostasy in the Church. The subjective nature of our experience makes it difficult to be certain in this matter, as apostates may give this answer for why they left as a cover to hide deeper feelings and choices.
Nevertheless, it may play a part. This is why it is important for Christians to have an answer to this problem, both intellectually and practically. We must understand that our suffering takes place in a bigger context of free will and love. We must be willing to share in one another’s suffering. We must stoke the fires of faith, admonishing one another to hold on to Christ, to the hope of the Age to Come.
Lastly, we must not set up stumbling blocks: we must not indulge in false teachings that promise comfort of a worldly kind in this life. Such is not guaranteed. Indeed, some of the holiest of God’s people have suffered the most horrifying of experiences. Christ Himself, the Son of God, suffered the Passion.
Apostasy, of course, has other causes and effects, which the reader is welcome to write in the comments below. It is a phenomenon that is happening now and is expected to worsen as the end of the age approaches.
I got this via email and like most of these, I have no idea where it originated. But I thought you might enjoy it. __ Scoop
The ant works hard in the withering heat all summer long, building his house and laying up supplies for the winter.
The grasshopper thinks the ant is a fool and laughs and dances and plays the summer away.
Come winter, the ant is warm and well fed.
The grasshopper has no food or shelter, so he dies out in the cold.
MORAL OF THE OLD STORY:
Be responsible for yourself!
The ant works hard in the withering heat and the rain all summer long, building his house and laying up supplies for the winter.
The grasshopper thinks the ant is a fool and laughs and dances and plays the summer away.
Come winter, the shivering grasshopper calls a press conference and demands to know why the ant should be allowed to be warm and well fed while he is cold and starving..
CBS, NBC, PBS, CNN and ABC show up to provide pictures of the shivering grasshopper next to a video of the ant in his comfortable home with a table filled with food.
America is stunned by the sharp contrast.
How can this be, that in a country of such wealth, this poor grasshopper is allowed to suffer so?
Kermit the Frog appears on Oprah with the grasshopper and everybody cries when they sing, ‘It’s Not Easy Being Green’
Occupy the Anthill stages a demonstration in front of the ant’s house where the news stations film the Black Lives Matter group singing, ‘We Shall Overcome’
Then Reverend Al Sharpton has the group kneel down to pray for the grasshopper while he damns the ants. He later appears on MSNBC to complain that rich people do not care.
Former President Obama condemns the ant and blames Donald Trump, President Bush 43, President Bush 41, President Reagan, Christopher Columbus and the Pope for the grasshopper’s plight.
Nancy Pelosi & Chuck Schumer exclaim in an interview on The View that the ant has gotten rich off the back of the grasshopper and both call for an immediate tax hike on the ant to make him pay his fair share.
Finally, the EEOC drafts the Economic Equity & Anti Grasshopper Act retroactive to the beginning of the summer.
The ant is fined for failing to hire a proportionate number of green bugs and, having nothing left to pay his retroactive taxes, his home is confiscated by the Government Green Czar, Alexandria Ocasio-Cortez, and given to the grasshopper.
The story ends as we see the grasshopper and his free-loading friends finishing up the last bits of the ant’s food while the government house he is in, which, as you recall, just happens to be the ant’s old house, crumbles around them because the grasshopper doesn’t maintain it.
The ant has disappeared in the snow, never to be seen again.
The grasshopper is found dead in a drug related incident, and the house, now abandoned, is taken over by a gang of spiders who terrorize the ramshackle, once prosperous and peaceful neighborhood.
The entire Nation collapses bringing the rest of the free world with it.
MORAL OF THE STORY:
Be careful how you vote in 2020.
Make sure that you pass this on to other ants.
Don’t bother sending it on to any grasshoppers because they wouldn’t understand it anyway.
Negative Nominal Interest Rates: Highway to a Cashless, Statist Hell”. Read up, Buttercup.
(Originally penned and posted in June ARSH 2014)
I warned about this in part two of my 2.5 hour Economics Video Presentation back in November of ARSH 2012, and, sure enough, it has now happened.
Because, as I have been saying all along, for anyone who knows ANYTHING about ANYTHING having to do with economics, finance and/or banking, and who does not have their brain bucket completely and firmly inserted up their rectal vault, it is obvious what is happening and how the chain of events will unfold. If a mouthy broad with a mere bachelor’s degree in animal husbandry from a land-grant university can see this stuff coming years in advance, what excuse do your so-called leaders and media “experts” have? Oh, yeah. I forgot. They’re all either teetering on the precipice of mental retardation, or are black-hearted diabolical narcissist psychopath whores. Or, as with Nancy Pelosi and countless others, both.
Mario Draghi, chief psychopath of the European Central Bank went full-stupid on June 5th, ARSH 2014 and announced mandated NEGATIVE INTEREST RATES on the excess reserves of European banks held and the European Central Bank (which is the equivalent of the Federal Reserve Bank in the U.S.). What does this mean? It means that when a European commercial bank deposits excess cash reserves with the ECB, the commercial bank must PAY the ECB to store that money. The commercial bank does not earn any interest income on that money, it in fact has a percentage of its deposit CONFISCATED from its account every month by the ECB.
The publicly stated rationale behind this negative interest rate paradigm is “stimulus”. If the banks have to pay to store cash, they will instead lend their excess cash out to customers rather than have a percentage confiscated every month. This is utter bee-ess on multiple levels. These top-tier central bankers know that negative interest rates have NOTHING to do with stimulus, and will, in fact, lead to exactly the opposite. In fact, they know that the inevitable outcome of negative interest rates is the complete nationalization of the banking sector and total governmental control of all capital flows – which means today a CASHLESS ECONOMY. Yup. If you’re interested, I’ll walk you through the chain of events and differentiate between the propaganda that will be used to justify this evil and the reality of how the world actually works.
Banks today are sitting on huge cash reserves because the economy sucks and banks have rightly discerned that lending money into a sucky economy is NOT IN THEIR BEST INTERESTS. If the economy sucks, then lending money to Joe Schmoe to start a business is likely going to end up in default. So, if YOU were a bank and your choice was between losing one percent by depositing money at the Central Bank at negative interest, or losing FIFTEEN percent on your loan portfolio because the economy sucks and a high percentage of your borrowers would default on their loans, which would you do? Well, duh. You would opt for the SMALLER loss of ONLY one percent, and you would continue to hold cash reserves and be VERY stingy with your loan portfolio.
Okay. That’s easy to understand, right? Well, the propaganda coming from the Banksters and willingly regurgitated by the useful idiot (Beta Narcissist) class is that negative interest rates will absolutely, positively result in increased lending by banks and thus “economic stimulus”. And bear in mind, they have been bleating EXACTLY the same line of crap in regards to “quantitative easing”. They have been saying for YEARS that all of the money printing done by the Federal Reserve and European Central Bank would provide “stimulus” in the form of increased lending. And, as we all know, that didn’t happen. All that has happened is that the Banksters have taken the “new money” printed by the Central Banks and pumped it into the stock and derivatives markets, thus blowing a massive, unprecedented bubble. But Joe Schmoe still can’t get a loan to open a business. The evil, malignant Banksters KNOW that the whole stimulus meme is a lie. The useful idiots (Beta Narcissists and Effeminates) are so indescribably stupid that they can’t comprehend simple logical progressions even when they have a current experiential dataset right in front of their faces that clearly demonstrates the fallacy: not only does QE and other forms of synthetic “liquidity boosting” NOT stimulate the economy, it actually depresses it even more.
So now banks will be even more incentivized to offload cash by plowing it into relatively “safe” paper that has a higher interest yield than the negative rate at the Central Bank. What does this imply? Increased demand for Sovereign debt (bonds issued by nations), and derivatives on Sovereign debt. Now here is where it gets positively sick. Very soon, banks will be able to borrow money from the “discount window” at the Central Bank at either zero, or at a NEGATIVE rate. Think about that. The Central Bank, because the interest rate is negative, actually pays banks to borrow money from them. And this utter PERVERSITY is the root of the whole satanic mess. The first mover in all of this is the evil, perverse Central Bank. The Central Banks are completely content to pay banks to borrow money – a perversity – because the Central Bank doesn’t give a shit. It can just “PRINT” as much money as it “needs”. And, as we have discussed at length, the “printing” of money, money being a proxy for the human capacity to labor and create through time, is simply the leveraging of HUMAN LIFE, specifically at this late hour not just the life of every man, woman and child alive today OUTSIDE the oligarch class, but now generations upon generations of human beings who DO NOT YET EXIST, and are thus utterly powerless to object or mount a counter-revolt.
Okay, so now Bank A goes to the discount window and borrows “new money” from the Central Bank at NEGATIVE one percent, which means the loans generates a yield TO THE BORROWER. Then, Bank A turns around and plows that money, which is already generating a yield in and of itself, into French Sovereign bonds that yield 1.5%. Bank A does this because it is certain that France will never be allowed to default – the Central Bank will just keep printing money and printing money to keep France (or any other country) from defaulting on its debt. So, What is the total yield to Bank A? The one percent yield on the money borrowed at negative interest from the Central Bank, PLUS the 1.5% yield on the French bonds = +2.5%. Do you see why this dynamic INCREASES DEAMND for sovereign debt? It incentivizes governments not to PAY DOWN their debt, but to in fact EXPAND their balance sheets by going deeper into debt. And because the demand for sovereign debt is increased because there is more money chasing after it, the interest rates are driven DOWN (a lower interest rate is the same thing as higher price on bonds), and thus the politicians tell the people that not only is more government debt good, it is extremely good because “the interest rate is so low”. And the glassy-eyed sheeple nod passively and return to their tee-vee shows. Because actually learning and thinking about something that affects everyone on the planet directly is HAAAAAARD.
This will also increase demand for derivatives on sovereign debt (i.e. repurchase agreements and credit default swaps), again, because the banks are quite confident that the Central Banks will never permit a sovereign default. And who, pray tell, are the main counterparties on almost all sovereign debt derivatives? J.P. Morgan, Goldman Sachs (Ted Cruz’s wife is a GS executive – just sayin’) and Deutschebank. Uh-huh. And where do ALL of the people come from who populate the Central Banks, both in the U.S. and in Europe? J.P. Morgan, Goldman Sachs (Ted Cruz’s wife is a GS executive who formerly was a member of the Council on Foreign Relations – just sayin’) and Deutschebank. Uh-huh.
Kids, this isn’t terribly complicated. Really.
Now, to YOU, the people who PAY FOR ALL OF THIS.
Negative interest rates will be a cost to YOU in two ways. First, the obvious: you will have a confiscatory tax levied on your bank deposits every month – that’s what a negative interest rate is, sweetie. It is a TAX on the PEOPLE, NOT the banks, because the banks will pass through to the customers the cost for the bank to store reserves at the Central Banks PLUS a margin.
Next, in an economy that is perceived to be relatively stronger or safer (of which the former United States is still at the top of the list because of its size, both economically and militarily) capital will flow IN to that economy, thus causing ASSET BUBBLES and CONSUMER PRICE INFLATION. Been to the grocery store lately? Looked into buying any farm ground lately? Uh-huh. So when consumer prices inflate, what do banks do to interest rates in order to cover the resulting increased risk in lending to consumers who now are having a much more difficult time making ends meet? Yep. They RAISE interest rates to borrowers. And so therefore a negative interest rate at the Central Bank not only does not stimulate the economy, it increases the contraction and deepens the depression (because let’s face it, if your economy is at the point that the Central Bank is going NEGATIVE on interest rates, honey, yo’ a$$ is already in a DEPRESSION, not a recession).
Now to the big ugly. Since the Central Bank is, despite any and all lying propaganda to the contrary, a government entity backed fully by the government and thus ultimately backed by the people, and since the Sovereign bond market is also a pure function of the government and thus ultimately backed by the people, when banks receive payment on both their capital borrowed from the Central Bank at negative interest AND receive a positive interest yield on their government bond holdings, that means that THE PEOPLE are PAYING THE BANKS… ON BOTH SIDES.
This is a backdoor way of confiscating collateral from the people and using it to RECAPITALIZE THE BANKS. And also pay the bankster oligarchs’ eight and nine-figure salaries and compensation packages, which, let’s be honest, is their top priority.
So now you may be thinking that this will cause a feedback loop to occur and rates will continue to be driven more and more negative. Yes. Absolutely. Because the Central Bank will have to keep adjusting its rate down to stay “more negative” than the Sovereign bond and other money markets.
What happens when customer deposit rates go sufficiently negative so as to compel normal people to withdraw their cash from the banks and hold it in cash? The answer is, the oligarchs will enact government policies outlawing the use of cash. Think I’m crazy? Have you tried paying your car insurance bill with cash lately? Cash. As in hundred dollar bills. How about your phone or utility bill? Guess what. You can’t.
One of the big reasons why I had to move into the “Van Down by the River” was because I simply COULD NOT FUNCTION using cash. When I was foreclosed upon because I could not provide the bank with a tax return (because I have declared a tax strike), I began investigating possible rental scenarios in preparing to move. Kids, you CANNOT rent an apartment “above the table”, pay the utilities on said apartment, insure a vehicle and scores of other necessary expenses in the former U.S. using cash today. Between IRS liens and mortgage foreclosures, my credit score is destroyed, which also disqualifies above-board rental. If you think that cash controls and the move to outlaw the use of cash is crazytalk, just stop and think about all of the myriad ways that IT IS ALREADY IMPOSSIBLE to pay with cash. We’re already 90% of the way there.
So, there would be increased economic depression causing new lending to crater and thus squeezing commercial banks’ margins and causing them to demand a way to dump ALL consumer debt, including business loans, car loans and credit cards, off on the government in the form of guarantees (this is precisely what already happened in the real estate market with almost all mortgages being bundled and dumped onto Fannie and Freddie). Couple this with the confiscatory tax on deposits AND the paying of banks to borrow from the discount window by the government (aka the people) in order to recapitalize the banks, and what you have is nothing less than the COMPLETE NATIONALIZATION OF THE BANKING SECTOR. This will inevitably require the outlawing of sovereign currency (cash), which will inevitably lead to the REJECTION of the sovereign currency, and the emergence of a “black” alternative. We are talking, ladies and gentlemen, about nothing less that the final, complete destruction of the economy, which will inevitably lead to the total collapse of the extant government and what scattered vestiges remain of the Rule of Law.
This, and nothing less than this, has been, is, and will continue to be the explicit goal of the oligarchy that has already overthrown the former United States. This is part and parcel of the Cloward Piven Strategy. And it is all happening RIGHT NOW, and given the ignorance and cowardice of the broad populace will not be stopped excluding supernatural intervention, of which we are utterly undeserving. Get ready, and don’t you dare say you weren’t warned. And please, spare me any droolingly stupid emails telling me how lending money at interest is evil. A positive interest rate is ESSENTIAL. What is immoral, and what actually constitutes the lion’s share of USURY, is UNSECURED lending with no collateral against it. Well, actually there IS collateral against an unsecured loan: the future LIFE and productive capacity of the borrower. THAT is usury. All Central Bank money printing is therefore USURIOUS because, as we discussed above, it is simply the leveraging of the lives of the people, both present AND future, who comprise the sovereign entity that backs the money of said nationstate. In other words: YOU and your descendants for multiple generations hence.
I hope this helps you understand the utterly critical and thoroughly evil concept of negative interest rates.
This short video is well worth watching. A few years ago I read Paul Copan’s book mentioned in the video, and agreed with much in it. As I recall he was a Calvinist at the time of writing (though I could be mistaken). Nevertheless, the book is a product of a sharp mind, reflecting his excellent philosophical skills. I would recommend reading it, if at all possible.
–True for you, but not for me?, by Paul Copan