….. The Last Few Months. What has gotten into him? Could it be explained by his Catholic upbringing?
I may stick this one up every time Cambria tells a lie. I took it off but I’ll put it back for awhile. Jason Soon should let me back on Catallaxy to subject Cambria to more scrutiny. Last time I was there I was being plagued by people using the thread of doom technique on me and I didn’t see that Cambria had lost his way and the stupid gene was taking over.
In the world of economics, there is no breach between macro and micro, but that ponzi-money makes it so. The delusions and fallacies of Keynesianism, and those fallacies that lie behind the American bailout, are only made plausible by the effects of the ponzi-money.
In fact, on a more cosmic level ponzi-money makes fools of us all. Sane man and simpleton alike. Take the war for example. Its never a bad time to take out a tyrant. Yet it was our ponzi-money system that made the outrageously expensive and soft-headed strategy seem plausible. Ponzi-money made it seem that the Americans had the resources for a strategy that, in sober reality, separated ends and means. Ponzi-money deludes one into misjudging the extent of the resources one has at ones disposal. Ponzi-money disturbs ones thinking as to what is prudent and what is not.
Bringing the subject down to earth, and taking into consideration this bailout alone….. the fact is that the ponzi-money can be allowed for by the dual use of new-cash-injection and the raising of the reserve asset ratio (DON’T GO THERE. TALK TO THE HAND BECAUSE THE FACE AINT LISTENING.) This dual technique is essentially a way of indirectly replacing ponzi-money with cash-money while still attempting to maintain at least the appearance of some arms length between the government and the banks (for practical purposes two wings of the same racket).
Once we know this then the decision of how to deal with the banking crisis is the same as figuring out how to deal with any outfit that has grave debts. And that means you either go bankrupt or you pay off those debts. This can apply also for banks and the calibrating of extra cash and the reserve asset ratio (DON’T EVEN GO THERE!!!) can be something that is going on in the background without any of the laity needing to be too concerned about it.
So why hasn’t Cambria backed down from his support for open public stealing insofar as it pertains to the bailout? I mean people can get all excited and panicky one supposes. But Cambria has had a great deal of time to think about these matters.
Yet Cambrias very strange behaviour started some time before the onset of the crisis. And so we must look to deeper explanations as to why a seemingly honest man has fallen into habitual lying. We cannot escape the fact that Cambria is a Catholic.
Now as everyone knows the one true Church of the only valid religion is the Church of Rome founded by express order of the saviour himself. Only someone totally ignorant or congenitally quarrelsome would even attempt to dispute such a proposition and it is not my purpose to argue against the bloody bleeding obvious here.
“When Jesus came into the coasts of Caesarea Philippi, He asked His disciples, saying,
‘Whom do men say that I the Son of man am?’
And they said,
‘Some say that Thou art John the Baptist: some, Elias; and others, Jeremias, or one of the prophets.’
He saith unto them,
‘But whom say ye that I am?’
And Simon Peter answered and said, ‘Thou art the Christ, the Son of the living God.’ And Jesus answered and said unto him,
‘Blessed art thou, Simon Bar-Jona: for flesh and blood hath not revealed it unto thee, but My Father Which is in heaven. And I say also unto thee, That thou art Peter, and upon this rock I will build My church; and the gates of hell shall not prevail against it. And I will give unto thee the keys of the kingdom of heaven: and whatsoever thou shalt bind on earth shall be bound in heaven: and whatsoever thou shalt loose on earth shall be loosed in heaven.’ Then charged He His disciples that they should tell no man that He was Jesus the Christ.” — MATTHEW 16:13-20 (KJV)
Pretty exciting and spooky stuff. Given what we know now. That in unbroken succession the Church has held firm defying the longevity of any like institution known to man.
Lets hone in on the key part which proves that the Catholic Church is the one true church.
“And I say also unto thee, That thou art Peter, and upon this rock I will build My church; and the gates of hell shall not prevail against it.”
We need the original quote, prior to translation, and the expertise to understand the Greek of the oldest extant writing in this regard (Jesus was believed to have spoken in Aramaic.). Since the objection might be raised that the quote lacks for non-verbal communication. The saviour may have been looking at Peter but pointing at a literal rock on the ground. And such foundations that may have been raised on this obscure stone might have been washed away but one or two weeks hence, making a mockery of what seems to be the astonishing predictive power of the saviour.
Putting aside such loopholes and fanciful interpretations we see that there is far more than a prima facie case for the validity of the Catholics belief that they have stumbled into the true church by the pure fluke of being born into a Catholic family.
The Catholic church is something different to merely just another religion. It is like the longest-standing multinational corporation. It has a very flat management structure with wide spans of control. We have to be protective of most of our institutions that are voluntary and stand between ourselves and the state. The prophecy of the saviour would seem to suggest that hell would never destroy the institution.
“That thou art Peter, and upon this rock I will build My church; and the gates of hell shall not prevail against it.”
But this is not to say that the agents of the tempter might not infiltrate the citadel. Nor does it suggest to us that the true church does not need competitor churches for it to function well and in the service of righteousness. We see that in various time periods the church has had perhaps too much power over many individuals and was resented more than the sovereign and his bully-boys. The resentments that this sort of thing breeds is such that some European countries, not subject to the religious wars and the violence of us hyper-jihadist protestants, appear to have taken great vengeance on the Church in subsequent centuries when they got around to some sort of secularism.
So we want these institutions to prevail and balance the power of the state and hopefully oppose both the depredations of the state and the tendency towards barbarism that is always hiding behind the next dark cloud. We want people both leaving and joining the church to keep the institution honest. And fervently do we hope that the church ends its celibacy requirements so such a distinguished institution ought be plagued no longer by the infiltration of Satans kiddy-fiddlers.
No sooner had Reagan won the election, and prior to the President-elect taking office, than the phone-calls from his Californian radicals went out to the Vatican and this was only right and good since the Americans were to provide the firepower backup but Reagan was not one to make the same mistake as Stalin and underestimate MORAL leadership.
We have been lucky with our Popes. The co-destroyer of Communism was our last one and the new guy a great European philosopher. Non-Catholics can lose patience with Catholics however. Since Catholics can be bigots in favour of institutions more generally. The upbringing that has helped maintain the great organisation for an astonishing and unparalled length of time can spill over into a respect for OTHER institutions. A respect that is entirely unwarranted. With all due apologies to Joseph Smith, the saviour did NOT show up in New York and bequeath legitimacy on Citibank. Rather he threw the money-changers out of the temple.
People stick with the practices they are used to and people brought up to worship a sky-god or his agent may start kneeling before the golden calf if you turn your back on them for one minute. But with Catholics you face a different problem. Not that they’ll bugger off like a thousand disaffected wandering cats and take up with some cult or another. But rather that you will get to a point where you will not be able to reason with them any longer because the invisible rubber band that ties them to INSTITUTIONS of various degrees of dubiousness has simply pulled them back in line.
But what appears to be a hopeless disadvantage with this multinational flock can be turned to advantage as Reagan showed. You can beat your head against the wall with these people as individuals. But if you put the hard yards in when all is lost, as it appeared to be in 1980, then they may come through for you, and as a large group. They may swing behind the right course and finally come through for you in spades. As they did earlier against Australian Marxism when many of them got behind the intellectual and moral giant Bob Santamaria.
Catholics ought not let their upbringing, in support of the institution that the saviour founded, spill over into sheeplike support, for all sorts of shabby norms of behaviour and golden calf organisations.
I tell you the truth. It suprised ME ALSO!!!! that the leftist streak had buggered up our CSIRO and corrupted many areas of our science. But once you see that this is the case then what use is it to deny the fact of it?
If you find out that our CSIRO has been buggered in particular and whole chunks of science have been corrupted in the general…. Well then you just have to bloody-well accept it.
Cambria tried to tell me that this global warming movement wasn’t fraudulent?? When things go so far towards that level of dishonesty and bizzare behaviour, you just have to console yourself that its the Catholic potty-training talking and you can no longer reason with the gentleman.
Its outrageous. Its frustrating. But one has to just live with this particular “externality” of the Catholic upbringing. We just have to wear this bias. The bias that comes out that by extension of them rightly supporting the great institution, that there will be this externality where these Catholics wind up not straying too far from all sorts of shabby faux-consensus shit-aria.
But what we cannot put up with is the defense of false institutions and golden calf banks. We cannot put up with the soft-peddling of producers of pyramid schemes that undermine the viability of all voluntary associations, the Catholic church being the most prestigious.
This is simply not on. In this case the potty-training, so important for the future of humane civilisation, in our struggle against both state domination and barbarism…………… In this case the Catholic potty-training must be overcome.
The Great Wave: Price Revolutions and the Rhythm of History
When David Hackett Fischer wrote the above book, he did not know that the waves of inflation that he was writing about were all caused by the outbreak of ponzi-money. He in fact thought that his findings contradicted the quantity theory of money. I only discovered the hand of ponzi-money behind these “great waves” by cross-referencing his information with what was known in banking history.
The breakout of ponzi-money first brings boom conditions, then it brings the inflation in food and energy prices, then comes the stagnation of real wages, the international and domestic violence, the breakdown of societal tranquility.
When the decades-long medieval inflationary periods would finally end And the ponzi-money would collapse… then the money-famine could last as long as twenty years.
But once the recovery came, the times in between the great inflations, were times of relative peace, creative endeavour, and rising real wages. It is the ponzi-money that is behind the bad times. And it might be the case that Fischer does not know the fact of it to this very day.
In ‘The Great Wave’ Fischer studies periods in Western history where prices were rising over many decades. And other periods when they weren’t. When prices were generally dropping.
The specific time periods of inflation he looks at are:
1. The medieval price revolution 1180-1350
average inflation about .5%
2. The Price Revolution of the Sixteenth Century. And the crisis of the 17th. About 1470-1660
3. The Price Revolution of the 18th century: About 1720-1820
1. The Equilibrium of the Renaissance 1400-1470
2.The Equilibrium of the Enlightenment 1660-1730
3. The Victorian Equilibrium. 1820-1896
Now what we see is that it is the time periods of rising prices where you wind up with horrid social conditions, falling real wages, social unrest and relatively more violence. Whereas in the era’s of falling prices we get great cultural acheivements, less war and violence and after a time increasing real wages, and a more even distribution of wealth.
We find that when ponzi-money is concerned even a consumer price inflation rate of 0.5% price is still unheathy. And we can be sure that this is because its not the price rises that are doing the damage but the malign effect of the ponzi-money itself.
There is no place for the support of fraud-money institutions by anyone in or out of the one true church.
This is the new political-correctness.