• Category Archives Religion
  • ‘Never Let A Good Crisis Go To Waste’ – And Short AMZN

    The ‘crisis’ quote above originated with Winston Churchill. Several U. S. politicians have referenced it since then (most recently Rahm Emanuel when he was Obama’s Chief of Staff). I’m sure the Wall Street snake-oil salesmen and economic propagandists are more than happy to attribute the deteriorating economic numbers to the hurricanes that hit Houston and southwestern Florida.
    Retail sales for August were released a week ago Friday and showed a 0.2% decline from July. This is even worse than that headline number implies because July’s nonsensical 0.6% increase was revised lower by 50% to 0.3% (and it’s still an over-estimate).
    Before you attribute the drop in August retail sales to Hurricane Harvey, consider two things: 1) Wall St was looking for a 0.1% increase and that consensus estimate would have taken into account any affects on sales in the Houston area in late August; 2) Building materials and supplies should have increased from July as Houston and Florida residents purchased supplies to reinforce residences and businesses. As it turns out, building supplies and material sales declined from July to August, at least according to the Census Bureau’s assessment. Furthermore, online spending dropped 1.1%. Finally, the number vs. July was boosted by gasoline sales, which were said to have risen 2.5%. But this is a nominal number (not adjusted by inflation) and higher gasoline prices, i.e. inflation, caused by Harvey are the reason gasoline sales were 2.5% higher in August than July.

    This post was published at Investment Research Dynamics on September 23, 2017.


  • Chapter 3: Purpose Precedes Planning

    Christian Economics: Teacher’s Edition
    Then God said, ‘Let us make man in our image, after our likeness. And let them have dominion over the fish of the sea and over the birds of the heavens and over the livestock and over all the earth and over every creeping thing that creeps on the earth.’ So God created man in his own image, in the image of God he created him; male and female he created them. And God blessed them. And God said to them, ‘Be fruitful and multiply and fill the earth and subdue it, and have dominion over the fish of the sea and over the birds of the heavens and over every living thing that moves on the earth’ (Genesis 1:26 – 28). For God knows that when you eat of it your eyes will be opened, and you will be like God, knowing good and evil’ (Genesis 3:5).
    But seek first the kingdom of God and his righteousness, and all these things will be added to you (Matthew 6:33).
    AnalysisThe economic principle of purpose before planning is an implication of point one of the biblical covenant: God’s transcendence, yet also His presence. It has to do with sovereignty. Sovereignty is a legal classification. In economics, it refers to ownership. God was the Creator. He created the world out of nothing. He did not purchase or rent the ‘stuff’ of creation. Rather, He spoke it into existence. So, He is the cosmic Owner. The owner possesses sovereign control over his property. In God’s case, He possesses absolute control.
    The New Testament teaches the doctrine of the Trinity. This means three persons, yet one God. Paul identified Jesus, as the second person of the Trinity, as the creator.
    He is the image of the invisible God, the firstborn of all creation. For by him all things were created, in heaven and on earth, visible and invisible, whether thrones or dominions or rulers or authorities – all things were created through him and for him. And he is before all things, and in him all things hold together. And he is the head of the body, the church. He is the beginning, the firstborn from the dead, that in everything he might be preeminent. For in him all the fullness of God was pleased to dwell, and through him to reconcile to himself all things, whether on earth or in heaven, making peace by the blood of his cross (Colossians 1:15 – 20).

    This post was published at Gary North on September 20, 2017.


  • Is Identity Politics Brewing a Holocaust?

    Signs of American collapse are everywhere. Apparently no one notices. The world continues to vote with the US in the UN. When even Russia and China serve as handmaidens to US foreign policy by voting with Washington against North Korea, it appears that the image of America as the exceptional and indispensable country is a propaganda success even among Washington’s most threatened enemies. When Russia and China follow Washington’s lead, it shows the world that there is no alternative to Washington’s leadership.
    A country with a $20 trillion public debt, an even larger private debt, a work force drowning in debt and employed in third world lowly paid domestic services, a stock market pumped up beyond all reason by Federal Reserve liquidity and companies using their profits to repurchase their own stock, a military that’s been tied down for 16 years by a few lightly armed Muslims, a propaganda ministry instead of a media with public ignorance the consequence, and with a total collapse of morality in public and private institutions along with the disappearance of courage, is nevertheless able to make the entire world dance to its tune. Washington is the Wizard of Oz.
    Washington in the past 16 years has destroyed in whole or part seven countries, murdering, maiming, orphaning, widowing, and displacing millions of peoples. Yet Washington still presents itself as the great defender of human rights, democracy, and all that is good. The American people have voiced few words of protest against the massive crimes against humanity committed by ‘their’ government.

    This post was published at Paul Craig Roberts on September 20, 2017.


  • ‘Never Let A Good Crisis Go To Waste’

    The ‘crisis’ quote above originated with Winston Churchill. Several U. S. politicians have referenced it since thenm (most recently Rahm Emanuel when he was Obama’s Chief of Staff). I’m sure the Wall Street snake-oil salesmen and economic propagandists are more than happy to attribute the deteriorating economic numbers to the hurricanes that hit Houston and southwestern Florida.
    Retail sales for August were released Friday and showed a 0.2% decline from July. This is even worse than that headline number implies because July’s nonsensical 0.6% increase was revised lower by 50% to 0.3% (and it’s still an over-estimate).
    Before you attribute the drop in August retail sales to Hurricane Harvey, consider two things: 1) Wall St was looking for a 0.1% increase and that consensus estimate would have taken into account any affects on sales in the Houston area in late August; 2) Building materials and supplies should have increased from July as Houston and Florida residents purchased supplies to reinforce residences and businesses. As it turns out, building supplies and material sales declined from July to August, at least according to the Census Bureau’s assessment. Furthermore, online spending dropped 1.1%. Finally, the number vs. July was boosted by gasoline sales, which were said to have risen 2.5%. But this is a nominal number (not adjusted by inflation) and higher gasoline prices, i.e. inflation, caused by Harvey are the reason gasoline sales were 2.5% higher in August than July.

    This post was published at Investment Research Dynamics on September 20, 2017.


  • Hurricane Maria Causes “Widespread Devastation” In Dominica As It Races Toward Puerto Rico

    In less than two days, Hurricane Maria has strengthened from a tropical storm to a powerful category five hurricane, dubbed in no uncertain terms as “catastrophic” by the NHC. Though it has been downgraded to a category 4 overnight, the storm made landfall on the tiny Caribbean island of Dominica, leaving it utterly ‘devastated,’ according to the island’s prime minister.
    ***
    “We’re just waiting for daybreak to do an assessment of the damage,” Dominica Prime Minister Roosevelt Skerrit told CNN’s Rosemary Church.
    The storm, which made landfall Monday night, has maximum sustained winds of 155 mph, and remains on track to directly hit Puerto Rico, what would make it the first category four hurricane to directly hit the island in 85 years, according to CNN. Skerrit said the island’s ‘first order of business’ following the storm would be to make sure ‘every single citizen and resident is safe.’

    This post was published at Zero Hedge on Sep 19, 2017.


  • Diwali, Lord Rama, and the Return of Gold from Exile

    October 19, 2017 marks an important holiday in the Indian culture. Diwali begins.
    Diwali is one of the biggest festivals for Hindus, Sikhs, and Jains. It is a lavish celebration of the victory of light over darkness with its gleaming candles, luxurious works of art, and opulent feasts. Diwali is also characterized by gift giving. Buying and gifting gold is considered auspicious during Diwali.
    Given the nature of the holiday and the number of people who celebrate it, according to CNBC, the past few years have seen a tendency for the gold price to rise around Diwali. Last year during Diwali, Mihir Kapadia, founder & CEO of Sun Global Investments, said ‘As heavy consumers, the festive seasons always tend to surge the demand, and considering the current low prices, this should increase the market activity and thus push the prices a little.’ Kapadia continued, ‘We do not expect it to boost prices significantly as the overall market is subdued due to the worries about rising interest rates.’
    There is no shortage of economic analysis during the buildup to this year’s celebration as The Economic Times reported ‘bullion has climbed almost 10 percent on the Indian market this year as world prices increased on… reduced chances of a further hike in U. S. interest rates in 2017.’

    This post was published at GoldSeek on Tuesday, 19 September 2017.


  • Brown University To Offer Segregated Student Dinners For Black, Muslim Students

    University will host dinners as part of ‘racial reconciliation’ program
    ***
    To promote ‘racial reconciliation’ after the deadly clashes between white nationalists and counterprotesters in Charlottesville last month, Brown University plans to offer segregated events to its black students and female Muslim students.
    The university received a $30,000 grant from the Association of American Colleges and Universities, which represents liberal arts schools, to create a campus center whose mission is to ‘break down racial hierarchies and create a positive narrative about race in the community,’ according to The Brown Daily Herald.

    This post was published at Zero Hedge on Sep 18, 2017.


  • Johnny Appleseed: Land Speculator, Alcohol Dealer, Capitalist

    Similar to the English legend of Robin Hood, the character Johnny Appleseed has evolved over time into a progressive icon. In the former, the famed outlaw, made an enemy of the government by reclaiming unjust taxes, became a socialist folklore hero who ‘stole from the rich and gave to the poor.’ Johnny Appleseed, an American legend, is depicted as a selfless peripatetic, traveling the country planting apple trees so that nobody would go hungry. He lived an ascetic lifestyle, preached the gospel of Jesus Christ, and refused to hurt any of God’s creatures (one apocryphal tale claims that he angrily threw away his shoe out of guilt for having accidently stepped on a worm).
    Some of these fabled characteristics are based in truth. Johnny Appleseed did live well below his financial means, for example, giving people the false impression that he was a poor man. But Johnny Appleseed’s true accomplishments – the successful accumulation of wealth through entrepreneurial speculation and calculated claims to the private property he developed with his apple seeds – have been entirely omitted from the legends taught to schoolchildren. Accurately told, the life of Johnny Appleseed is a capitalist success story.
    Johnny Appleseed Brings Alcohol to the Frontier
    The legend of Robin Hood was a fiction born out of a different fiction, but the legend of Johnny Appleseed is a fiction born out of a real person. John Chapman was born on September 26, 1774, the son of a Revolutionary War veteran who would later encourage his son to become an orchardist.

    This post was published at Ludwig von Mises Institute on Sept 17, 2017.


  • The Priests of Medicine Are Naked and Scared

    Oh my, someone’s getting nervous!
    A leading cardiologist has unleashed a blistering attack on “statin denial,” which he calls “an internet-driven cult with deadly consequences.”
    An Internet-driven cult eh?
    In an editorial in Annals of Internal Medicine, Steve Nissen (Cleveland Clinic) expressed grave concerns over statistics showing that only 61% of people given a prescription for a statin were adherent at 3 months. “For a treatment with such well- documented morbidity and mortality benefits, these adherence rates are shockingly low. Why?” he asks.
    Uh, I think not.
    Alarmingly, an assessment of industry-sponsored RCTs showed the median increase in life expectancy for selected participants in secondary prevention trials who adhered to taking statins every day for several years was a mere four days[11].
    For those who don’t know what “secondary prevention” means it means you already had a heart attack.

    This post was published at Market-Ticker on 2017-08-25.


  • Chapter 54: Eternity vs. Entropy

    Christian Economics: Teacher’s Edition
    The first came before him, saying, ‘Lord, your mina has made ten minas more.’ And he said to him, ‘Well done, good servant! Because you have been faithful in a very little, you shall have authority over ten cities.’ And the second came, saying, ‘Lord, your mina has made five minas.’ And he said to him, ‘And you are to be over five cities’ (Luke 19:16 – 19). That man is the product of causes that had no prevision of the end they were achieving; that his origin, his growth, his hopes and fears, his loves and his beliefs, are but the outcome of accidental collocations of atoms; that no fire, no heroism, no intensity of thought and feeling, can preserve individual life beyond the grave; that all the labors of the ages, all the devotion, all the inspiration, all the noonday brightness of human genius, are destined to extinction in the vast death of the solar system, and that the whole temple of Man’s achievement must inevitably be buried beneath the debris of a universe in ruins – all these things, if not quite beyond dispute, are yet so nearly certain that no philosophy which rejects them can hope to stand. Only within the scaffolding of these truths, only on the firm foundation of unyielding despair, can the soul’s habitation henceforth be safely built. – Bertrand Russell (1903)
    AnalysisI cited Bertrand Russell’s statement in Chapter 1 of Volume 1 of my 1982 economic commentary on the Bible. That chapter is an exposition of Genesis 1:1. It is titled ‘Cosmic Personalism.’ Here I am, 35 years later, ending this book where I began. But I am not dealing here with the doctrine of origins. I am dealing with the doctrine of eschatology.
    Eschatology is the doctrine of the last things. Every social philosophy has a distinctive eschatology, either implicit or explicit. There is no such thing as a social philosophy with no eschatology.
    I begin with Christianity’s eschatology. Luke’s version of Matthew’s parable of the talents teaches that there is a close relationship between productivity in history and productivity beyond the grave. Economic success in history produces a reward: rulership in eternity. There is a close relationship between God’s imputed value to covenant keepers’ work (point four of the biblical covenant) and His transfer of authority to them after the final judgment (point five). Matthew’s version of this parable appears immediately before the description of the final judgment. Immediately before the parable of the talents is the parable of the ten virgins and their lamps: another description of events leading up to the final judgment. Luke’s version is slightly different. It connects economic success with a broader form of authority: rulership. This makes Luke’s version of the parable the most important passage in the Bible on work beyond the grave. Work in history is a training ground for service beyond the resurrection. Success in history provides personal capital beyond the resurrection.

    This post was published at Gary North on August 11, 2017.


  • The Destruction of Hamburg is Massive

    The destruction of Hamburg has been massive. There is much going on behind the scenes politically with the focus now on intensely monitoring and censorship to be imposed. The degree of violence many view as unprecedented since the raid on Jewish businesses during the Nazi era. Inquiries are now looking into the organizers behind the scenes and where this originated from.

    This post was published at Armstrong Economics on Jul 12, 2017.


  • Gunmen Open Fire On Crowd Outside Mosque In Avignon, France

    A shootout erupted around 10:30pm on Sunday night in Avignon, southern France, when two gunmen opened fire on a crowd outside the Arrahma mosque leaving either people injured, La Provence newspaper reports.
    Gunmen open fire on crowd outside mosque in France leaving eight injured – Mirror Online — Tommy Robinson (@TRobinsonNewEra) July 2, 2017

    This post was published at Zero Hedge on Jul 2, 2017.


  • Mall Tenants Seek Shorter Leases As America’s Relics Of The 80’s Teeter On The Brink

    As if things weren’t bad enough for America’s mall owners, what with the having to filling their retail space with high schools, grocers and churches, it seems that retailers have grown so uncertain about the future of these 1980s relics that they’re only willing to sign 1-2 leases these days.
    As Bloomberg points out this morning, leases renewals used to be 5-10 years in length but are increasingly only being signed with 1-2 year terms. Meanwhile, thousands of stores are closing each year and it’s only expected to get worse over time.

    This post was published at Zero Hedge on Jun 9, 2017.


  • Germany Faces Wave Of Muslim Honor Killings

    Authored by Soeren Kern via The Gatestone Institute,
    The court heard how Amer K. stabbed the mother of his three children in the chest and neck more than twenty times with a large kitchen knife, because he thought she wanted to divorce him. “Then he takes the knife and plunges it into her chest, [penetrating] the pericardium and heart muscle. A second stab opens the left abdominal cavity. Nurettin B. then pulls out the ax. With the blunt side he hits her head, cracking her skull. Then he grabs the rope. On one end he ties a gibbet knot around her neck, then he ties the other end to the trailer hitch on [his car]… He races through the streets at 80 km/h [until] the rope breaks.” – State Prosecutor Ann-Kristin Frhlich, reconstructing the husband’s actions. In Ahaus, a 27-year-old Nigerian asylum seeker stabbed to death a 22-year-old woman after she seemingly offended his honor by rejecting his romantic advances. The trial of a Kurdish man who tied one of his three wives to the back of a car and dragged her through the streets of a town in Lower Saxony has drawn attention to an outbreak of Muslim honor violence in Germany.
    Honor violence – ranging from emotional abuse to physical and sexual violence to murder – is usually carried out by male family members against female family members who are perceived to have brought shame upon a family or clan.
    Offenses include refusing to agree to an arranged marriage, entering into a relationship with a non-Muslim or someone not approved by the family, refusing to stay in an abusive marriage or living an excessively Western lifestyle. In practice, however, the lines between crimes of honor and crimes of passion are often blurred and any challenge to male authority can elicit retribution, which is sometimes staggeringly brutal.

    This post was published at Zero Hedge on Jun 2, 2017.


  • Media Silent As Christian Extremists Slaughter Muslims In Central Africa

    Authored by Darius Shahtahmasebi via TheAntiMedia.org,
    Hundreds of civilians are seeking refuge inside a mosque in the Central African Republic (CAR)’s border town of Bangassou, Reuters reports.
    What may be surprising to the American public is that these civilians are trying to escape ongoing attacks committed by Christian militias that killed at least 30 civilians over the weekend, according to U. N. officials and aid workers.
    According to Reuters, the weekend attacks in Bangassou, located on the Congolese border, have involved hundreds of fighters with heavy weaponry. The fighting is aimed at the Muslim populations and signals that the conflict currently besieging the country is worsening.
    ‘The situation is extremely deplorable and we are doing everything to rapidly retake control of Bangassou,’ MINUSCA (the U. N. mission) chief Parfait Onanga-Anyanga told Reuters in an interview.

    This post was published at Zero Hedge on May 19, 2017.


  • Rickards: Trump Will Not Be Impeached

    Above the initials R. B. we are dealt with as follows:
    ‘You lying scumbags! You won’t get away with it. Real Americans are behind Trump and can see the truth. One day we will find you! Personally!’
    (Perhaps it’s time to move?)
    ‘Go [fornicate] yourself,’ thunders another reader, demanding of us the anatomically impossible – and thumbing a nose at our Presbyterian standard.
    A third consigns our poor soul to a signally abject fate: ‘Go to hell!’
    We reckoned yesterday about the possible impeachment of President Trump.
    We apparently gave some readers the impression we’re down on all fours with it… that we somehow have it in for Mr. Trump.
    Yet we plead innocent on every count. And we go to the gallows under protest.
    We have no heat against Trump.

    This post was published at Wall Street Examiner by Brian Maher ‘ May 18, 2017.


  • Introduction

    Christian Economics: Student’s Edition
    Christianity brought a new view of time to the world: linear time. Christianity teaches that there are three periods in history: creation, fall, and redemption. History will end with the final judgment. This view was inherent in Hebrew religion, but the Old Testament only hints at final judgment, mainly in the last three verses of the Book of Daniel. In the New Testament, the doctrine of the final judgment is taught clearly in Matthew 25:31–46 and Revelation 20:14–15.
    The rival view of time is cyclical time. It was taught by the ancient Greeks and Romans. It is still taught in Eastern religions. Cyclical time affects the cosmos. There is no doctrine of permanent progress or permanent loss. Individuals are subject to karma: the transmigration of souls. After seemingly endless reincarnations, a truly righteous soul disappears into the cosmic one and loses all individuality. This is the end of its history. But there is no final judgment.
    In the Bible, the doctrine of creation occupies just two chapters: Genesis 1 and 2. Genesis 3 tells the story of the Fall. The last part of the chapter tells of the beginning of redemption: God separates Adam and Eve from the tree of life. He provides them with animal skins. One or more animals had to die: shed blood. Final judgment occurs after the resurrection of bodies described in Revelation 20:14–15. The final two chapters of Revelation do not refer to history but rather to the post-resurrection, post-final judgment new heavens and new earth. This is not heaven, which is a holding area for souls (Revelation 6:10–11), and it is not hell, which is also a holding area for souls (Luke 16).
    The meaning of redemption is tied to the word for redeem: to buy back. Christianity teaches that the life, death, resurrection, and ascension of Jesus Christ in history constituted a comprehensive act of redemption. This has paid God for the sins of God’s people, who are covenant keepers by the grace of God. The Apostle Paul wrote: “For there is one God, and there is one mediator between God and men, the man Christ Jesus, who gave himself as a ransom for all, which is the testimony given at the proper time” (I Timothy 2:5–6). Conclusion: “You were bought with a price; do not become slaves of men” (I Corinthians 7:23). This has to do with individual salvation.

    This post was published at Gary North on May 06, 2017.


  • Indians Buy More than 23 Tons of Gold on a Single Day

    As predicted, festival-goers rushed to buy gold in celebration of Akshay Tritiya in India this year. According to the Economic Times, gold sales increased more than 30% during the important Hindu holiday celebrated on April 28. All-told, Indians bought more than 23 tons of gold that day.
    Akshay Tritiya ranks as one of the four most important days for Hindus. The word Akshay roughly translates to ‘the never diminishing.’ The day is believed to bring good luck and success. It is also considered one of the most auspicious occasions to buy precious metals, including gold.
    Analysts predicted robust sales this year. Last year, a jeweler strike put a damper on the celebration.

    This post was published at Schiffgold on MAY 3, 2017.