Archive for the “Economics” Category

Good observation.

Not only in the carpenter’s shop, but we may dare say in His Ministry.  Wasn’t Judas appointed to be the Treasurer, after all?

The Good Lord knows that business is indeed Godly since it intrinsically relies on God’s providence, while reliance on the State is a mark of unbelief and atheism.  All good Statists despise God.  And there is a natural reason for that.

Jesus never accepted help from Caesar and yet many in the Social Justice camp of the Church today seem to think it’s natural for our problems to be solved by it.

Backward and un-Christian thinking.

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How’s that socialism workin’ for ya?

I think the Holy Father really needs to spend some more time on telling us why he rejects Socialism (which he has said).  His own country is a perfect example of what happens when socialism raises its ugly head.   Do not people suffer under Socialism, too?  Or is it just the bad rich guy that causes all the misery?  The Capitalist might be greedy, but the Socialist is jealous.  Both foundations are doomed to failure, and yet Pope Francis’s smackdowns have been largely reserved for the greedy and not the jealous (and slothful, by the way).  I think we need a bit more balance in the condemnations, in my humble opinion, so as to not give the impression that the Catholic Church is some Socialist shill.  The more one talks about the evils of Capitalism, the more people assume you are a Socialist. T he real estate that you cover is the real estate that you own.  It’s time for the Pope to talk about the evils of Socialism and he has some pretty good first-hand knowledge, coming from Argentina.

The Church rightly rejects Capitalism (understood without Christian ideals) and Socialism.  But it is NOT ENOUGH even to condemn both.  I think it’s time that the Church step up and articulate a more robust vision of the Economy based on the dignity of the human person with two simple principles:

1) The moral necessity of the rich to help the poor.

2) The acknowledgement that talented people have a right to the fruit of their labour without State-sanctioned theft.

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For the past couple of years, I have been more and more convinced that in order restore “all things in Christ”, we need to restore some semblance of Christian ethics in business.  The moral collapse in the West does not only impact those areas beneath the belt, but really impacts all areas of life, not the least of which is the business world.  And the fact is that moral corruption doesn’t trickle down.  It shoots up until it suffocates society and destroys it.   Moral corruption destroys the first pillar of society which is trust.  If you don’t have trust, you can’t have a civilization.  It’s as simple as that.  Whether it’s a boyfriend scamming his girlfriend into having “no consequence” sex or a business man scamming an unsuspecting client, it’s all the same damn thing.  There’s only suffering, destruction, and cynicism left. Read the rest of this entry »

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Pretty sad.

Every Catholic priest should have a remedial lesson in economics before they start preaching about failed socialism.

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Bahahaha.

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Despite economic indicators pointing to a recovery, the US economy is still deep in the dumps. I genuinely feel sorry for the Americans described below.  Their situations must be unbearable. 

In all but two quarters since the beginning of 2011, “hair,” “eggs,” or “kidney” have been among the top four autofill results for the Google search query, “I want to sell my…,” according to Nicholas Colas, chief market strategist at New York-based ConvergEx Group, which provides brokerage and trading-related services for institutional investors.

While Americans can legally sell hair, breast milk and eggs, the sale and purchase of a kidney in the U.S. is against the law.

“The fact that people even explore it indicates that there are still a lot of people worried about their financial outlook,” said Colas, who tracks off-the-grid economic indicators. “This is very much unlike every other recovery that we’ve had. It’s going to be a slow-grinding, very frustrating recovery.” (Source)

It’s at desperate times like these when you can measure the true moral fibre of a nation. We’re seeing that nothing is sacred any more, not even the bodies of the living. Sad times, both economically and morally.

Pray for America.

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The pope, who later celebrated Mass for some 300,000 people outside the  city’s cathedral, told them: “We don’t want this globalised economic system  which does us so much harm. Men and women have to be at the centre (of an  economic system) as God wants, not money.”

“The world has become an  idolator of this god called money,” he said. (Source)

He’s right, you know.  We need to change this around.  But the Vatican and the Holy Father need to understand that it requires more than just preaching. We need a new encyclical on the topic of wealth and the practical, moral application of it in business.

I’m hoping to organize a Men’s conference in the Spring on business ethics from a Catholic perspective to address this issue.  Catholics are not socialists, but we’re not pure capitalists either.  Investors have a right to a solid return on their investment for the risk that they take, but a lustful and immoral pursuit of wealth needs to be crushed.  And the Socialists have to stop biting the hand that feeds them.  Government does not create wealth…personal ingenuity does.

Like always, when we have a Christian culture especially among the wealthy, things work out well. When we lose it, all hell breaks loose as we lose our balance.

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To tax is to destroy.

When the government uses the tax system to attack its citizens, you can be sure that social disintegration is on the way.

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The Franco-German alliance that has driven EU politics for half a century is in ruins after France’s Socialist Party hit out at the “selfish intransigence” of Mrs Merkel, accusing her thinking only of the “German savers, her trade balance, and her electoral future”. (Source)

When you go to bed with socialists, the only thing that comes out of it is a sexually transmitted disease.

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Get used it.  It’s the new gay/pro-abort jihad against pro-lifers.  Eventually, it will spill into economics. Always does.

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….not if.

The problem is a moral one…not a matter of shuffling papers or ideologies.

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As the head of Greece’s largest oncology department, Dr Kostas Syrigos thought he had seen everything. But nothing prepared him for Elena, an unemployed woman whose breast cancer had been diagnosed a year before she came to him.

By that time, her cancer had grown to the size of an orange and broken through the skin, leaving a wound that she was draining with paper napkins.

“When we saw her we were speechless,” said Dr Syrigos, the chief of oncology at Sotiria General Hospital in central Athens.

“Everyone was crying. Things like that are described in textbooks, but you never see them because, until now, anybody who got sick in this country could always get help.” (Source)

If Greece had taken care of business 10 years ago, they wouldn’t be in this mess. Ontario and the US are headed in this direction, slowly but persistently. Obama and Biden like to claim that the Republicans’ budget plans don’t add up. That remains to be proven. However, we know with certainty that the Obama-Biden plan doesn’t add up, because they’ve been in power for 4 years and the US budget deficit has exceeded one trillion dollars each year. A trillion is 1012 or $1,000,000,000,000. And Obama’s latest budget plan, despite it’s optimistic assumptions, didn’t forecast getting anywhere near a balanced budget for the next 10 years. That’s as far as their forecasts go, so we actually don’t know how long it would take for them to balance the budget. Maybe 15, 20, 30 years? Maybe never?

When you hear lefty parties hesitate at the prospect of eliminating the budget deficit, remind them of Elena. Greed and miscalculated compassion lead to greater pain down the road. I say greed because budget deficits mean stiffing future generations so that the current generation can get its fill.

Please pray for Elena and others like her.

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…According to statistics provided by the newspaper Ta Nea, the suicide rate in Greece in 2011 reached 411 cases, which, according to Reuters, is an increase of 40 percent over the past year alone. According to the official numbers, over the last three years the number of Greeks who committed suicide grew by 20 percent, and therefore, the daily newspaper Kathimerini wrote recently about “the most brutal chapter in the history of the financial crisis in Greece.” Before the economic crisis for quite some time suicide rate per capita in Greece was the lowest among other European countries – 3.5 suicides per 100 thousand residents.

Experts blame the increase in suicides on tough belt-tightening policies imposed on the citizens of heavily indebted countries. A few days ago in the water of the city of Kozani the body of a 45-year Greek woman who drowned herself in despair was found. The local bishop refused the family in the funeral services according to the Orthodox rite. The church bells were silent when her body was buried….(Source)
 
What our Church elites who truck for “social justice” just don’t seem to get is that Welfare States which borrow and go into debt end up fueling the culture of death and despair.  Greece is the first but it won’t be the last.  The cries in Sodom will be great indeed all around the world.   And if you believe that “social justice” is not necessarily about spending more than you have or not living within your means, when was the last time you heard the disciples of social justice talking about “restraint” or “fiscal responsibility”?  I don’t think that’s even in their vocabulary.
 
The era of social justice is going to be squashed by reality…much to the chagrin of CanChurch.
 
God has a lot to say about money in the bible and it’s the exact opposite of what the social justice clique in the Catholic Church say today.

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Ms. Feminist, how’s it workin’ for ya?

The single-mother revolution has been an economic catastrophe for women. Poverty remains relatively rare among married couples with children; the U.S. census puts only 8.8% of them in that category, up from 6.7% since the start of the Great Recession. But more than 40% of single-mother families are poor, up from 37% before the downturn. In the bottom quintile of earnings, most households are single people, many of them elderly. But of the two-fifths of bottom-quintile households that are families, 83% are headed by single mothers. The Brookings Institution’s Isabel Sawhill calculates that virtually all the increase in child poverty in the United States since the 1970s would vanish if parents still married at 1970 rates.

Women and their children weren’t the only ones to suffer the economic consequences of the single-mother revolution; low-earning men have lost ground too. Knowing that women are now expected to be able to raise children on their own, unskilled men lose much of the incentive to work, especially at the sometimes disagreeable jobs that tend to be the ones they can get. Scholars consistently find that unmarried men work fewer hours, make less money and get fewer promotions than do married men.

Experts have come to believe that these are not just selection effects — that is, they don’t just reflect the fact that productive men are likelier to marry. Marriage itself, it seems, encourages male productivity. One study by Donna Ginther and Madeline Zavodny examined men who’d had shotgun marriages and thus probably hadn’t been planning to tie the knot. The shotgun husbands nevertheless earned more than their single peers did.

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This year in Canada 1,000 people will reach age 65 every day.

This will continue every day until the year 2029. This aging tsunami sweeping over Canada will bring changes that we cannot even envision today.

Last year the first of the Baby Boomers turned age 65, many retiring into golden entitlements that they have been promised and expect to collect. These entitlements include lower taxes, free health care and for some, golden pensions….(Source)

The chickens, as they say, are coming home to roost.

Tanking demographics is the cause of this.

And tanking demographics is because of the “I’m all hot for contraception and abortion” death spiral mentality.

Maybe not sooner, but certainly later, the “moral issue” of mass murder of unborn children does indeed impact the bottom line – except not in a small way which is “manageable” with accounting tricks and fiscal maneuvers.  This baby is going to be a nuclear bomb.

In 20 years, all of the bean counters are going to ask, “Were those fools drunk when they legalized abortion and promoted programs which undermined the family?  Didn’t they realize what would happen to the economyWere they all stoned or what?”

You know what they say about pay back, eh?

I find it only somewhat poetic justice that the Teachers’ Unions feel the hit in a big way.

The ponzie scheme of abortion does eventually end.

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Moral collapse precedes financial collapse.

Things just don’t happen without a reason.

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Funny how Development and Peace claims to be fighting poverty, but some of their actions just ingrain poverty.

Take for instance their efforts on agriculture.  As you can see on this page, D&P empahsizes the importance of “small-scale farmers”. In the Global South, small-scale farming barely provides a subsistence income with very little up-side for improving your lifestyle. Read the rest of this entry »

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Moral corruption.  Meet your brother, Economic collapse.

Surely you knew you had the same mother, didn’t you?  Didn’t you?

The Clock… 

A man died and went to heaven. 

As he stood in front of St.  Peter at the Pearly Gates, he saw a huge wall of clocks behind him. 

He asked, “What are all those clocks?” 

St.  Peter answered, “Those are Lie-Clocks.  Everyone on Earth has a Lie-Clock.

Every time you lie the hands on your clock will move.” 

“Oh,” said the man, “whose clock is that?” 

“That’s Mother Teresa’s.  The hands never moved, indicating that she never lied.”

 “Incredible,” said the man.  “And whose clock is that one?”

 St.  Peter responded, “That’s Abraham Lincoln’s clock.  The hands have moved twice, telling us that Abe told only two lies in his entire life.”

 “Where’s Premier McGuinty’s clock?” asked the man.

“McGuinty’s clock is in God’s office.  He’s using it as a ceiling fan.”

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But Friedman’s only half right.

It’s the Gospel and its inculcation into man’s heart which brings true justice.

Not the State.  Not Capitalism.

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You may have heard the hysteria in the media this week over a document published by a little-known office of the Vatican called the Pontifical Council for Justice and Peace. Based on the media reports, you’d think the Pope was calling for a one-world government and setting economic policy for the world.

But the usual maxim applies: never, ever, trust what the mainstream says about the Catholic Church. Ever. Read the rest of this entry »

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