All

Nostra aetate (6) ... two recent popes

Fr Hunwicke's Mutual Enrichment - Tue, 01/19/2038 - 04:14
In 1980, addressing a Jewish gathering in Germany, B John Paul II said (I extract this from a long sentence): " ... dialogue; that is, the meeting between the people of the Old Covenant (never revoked by God, cf Romans 11:29) and that of the New Covenant, is at the same time ..." In 2013, Pope Francis, in the course of his Apostolic Exhortation Evangelii gaudium, also referred to the Old Fr John Hunwickehttp://www.blogger.com/profile/17766211573399409633noreply@blogger.com10
Categories: All, Clergy, Traditional

Nostra aetate (5): the recent Papal Magisterium

Fr Hunwicke's Mutual Enrichment - Tue, 01/19/2038 - 04:14
The sort of people who would violently reject the points I am making are the sort of people who would not be impressed by the the Council of Florence. So I am going to confine myself to the Magisterium from the time of Pius XII ... since it is increasingly coming to be realised that the continuum of processes which we associate with the Conciliar and post-Conciliar period was already in operationFr John Hunwickehttp://www.blogger.com/profile/17766211573399409633noreply@blogger.com0
Categories: All, Clergy, Traditional

Nostra Aetate (4): Is the Two Covenant Theory a necessary revolution?

Fr Hunwicke's Mutual Enrichment - Tue, 01/19/2038 - 04:14
We have seen that the Two Covenant Theory, the idea that Jewry alone is guaranteed Salvation without any need to convert to Christ, is repugnant to Scripture, to the Fathers, even to the post-Conciliar liturgy of the Catholic Church. It is also subversive of the basic grammar of the relationship between the Old and the New Testaments. Throughout  two millennia, in Scripture, in Liturgy, in her Fr John Hunwickehttp://www.blogger.com/profile/17766211573399409633noreply@blogger.com7
Categories: All, Clergy, Traditional

Nostra Aetate (3): the post-Conciliar liturgical Magisterium

Fr Hunwicke's Mutual Enrichment - Tue, 01/19/2038 - 04:14
Lex orandi lex credendi. I have been examining the Two Covenant Dogma: the fashionable error that God's First Covenant, with the Jews, is still fully and salvifically valid, so that the call to saving faith in Christ Jesus is not made to them. The 'New' Covenant, it is claimed, is now only for Gentiles. I want to draw attention at this point to the witness of the post-Conciliar Magisterium of theFr John Hunwickehttp://www.blogger.com/profile/17766211573399409633noreply@blogger.com13
Categories: All, Clergy, Traditional

Nostra Aetate (2): S Paul and his sungeneis

Fr Hunwicke's Mutual Enrichment - Tue, 01/19/2038 - 04:14
S Paul loved his fellow Jews, his 'kinsmen' and believed "the gifts and call of God are irrevocable". He believed that at the End, those among them who had rejected Christ would be brought in to the chosen people. He believed that they were like olive branches which had been cut off so that the Gentiles, wild olive branches, could be grafted in. But, when the fulness of the Gentiles had entered Fr John Hunwickehttp://www.blogger.com/profile/17766211573399409633noreply@blogger.com3
Categories: All, Clergy, Traditional

Nostra Aetate (1)

Fr Hunwicke's Mutual Enrichment - Tue, 01/19/2038 - 04:14
Since the Council, an idea has been spreading that Judaism is not superseded by the New Covenant of Jesus Christ; that Jews still have available to them the Covenant of the old Law, by which they can be saved. It is therefore unnecessary for them to turn to Christ; unnecessary for anybody to convert them to faith in Christ. Indeed, attempting to do so is an act of aggression not dissimilar to theFr John Hunwickehttp://www.blogger.com/profile/17766211573399409633noreply@blogger.com11
Categories: All, Clergy, Traditional

Why the Rich Feel So Poor

Henrymakow.com - Mon, 12/02/2024 - 20:50
gates-coupon.jpeg
During a trip to Hong Kong, the billionaire duo decided to grab lunch at McDonald's. To Gates' amusement, when Buffett offered to pay, he pulled out a handful of coupons.
 


Warren Buffett is a billionaire. He gets his meaning from making or saving a dime. Most of the super-rich suffer from spiritual poverty.




Whether we are poor or rich, money holds us prisoner. The rich feel poor because of GREED. No matter how much they have, their identity ("feeling good, important, secure") was forged by a society dedicated to making and spending more money. 



Money is supposed to free us from material concerns. Paradoxically it does the opposite. We become its prisoners.





"Enough is a little more than one has."    Samuel Butler


Updated from May 4, 2022 and Oct. 6 2023
by Henry Makow PhD

 
Few people take a rational approach to money. 

This would involve calculating how much money they need in relation to how much money they have, and how much money they make.

Rather, people tend to focus on their last 2%. Did their "net worth" increase or derease on a given day?

Depending on their tax bracket, this may involve their last $100, $1000, $10,000, $10 million or $10 billion. They ignore their big bank balance or stock portfolio. They always feel poor. 

Money is supposed to free us from material concerns. Paradoxically it does the opposite. We become its prisoners.

We are satanically possessed. This means we identify with money rather than our Divine soul. We are money rather than God's personal representative on earth. The more money we have, the bigger and better we feel. These values are inculcated by our satanist-controlled mass media.

I am addressing the roughly 50% of my readers who, according to my Gab poll, have enough or more money than they need. I don't fault the other 50% who don't have enough or are broke for feeling oppressed.

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Paradoxically the rich suffer from a spiritual impoverishment.

The more they identify with their money, the smaller they are. The more money they have, the smaller they are.

In the case of the Illuminati bankers, this inner poverty is toxic. They are a cancer that threatens to destroy mankind.

They want to "absorb" (their word) all the world's wealth leaving nothing to support humanity. They want it all!

We're indoctrinated to seek money. Within limits, money is a great motivator and measure.

I know someone who doesn't have to work. He works because he has nothing else to do, and it makes him feel productive and rewarded.

Another friend is independently wealthy from investments. He retired a couple of years ago but is returning to his old profession out of sheer boredom.

PERSONAL

I am as satanically possessed as anyone. I have had a lifelong struggle with greed. At age 74, I am just starting to master this demon.

Recently I did the calculation above and realized that I have more money than I'll ever spend.

My spending habits were formed during eight years as a graduate student living on roughly $10,000 per year. I really don't need or care about material things.

Paradoxically, this lack of concern for money did NOT stop me from developing a gambling addiction. When I didn't have much money, I didn't care about it. When I sold Scruples to Hasbro in 1986, I became a money manager and thought my game smarts would extend to the stock market. MISTAKE.

Scruples had been a labor of love. I did it because It was a workshop on everyday morality.

After my windfall, I became satanically possessed (i.e. GREED.)  If someone asked how I was, I said, "I'll ask my broker."  

We have to be on guard constantly because the voice in our head often is the devil!

Then another voice arises from our soul and says, "Cool it, you greedy moron."


You gamble with money you'll never spend. More or Less. What is the point? You don't even know your balance.

We have a Mexican cleaning woman who supports an extended family. I have never met a woman whose smile exudes such warmth.

Surely, these human qualities represent our true riches.

Money is the lowest common denominator. People today are consumed by money. They are charmless. 

YouTube is packed full of "how I got rich" stories.

While the world descends into Communist tyranny or faces a nuclear catastrophe,  they act like money will save them.

For people who have enough, freedom lies in eschewing money. Just not caring about it.

Can you do that?

Categories: All, Conspiracies, History

Canada's Euthanasia Regime - Interview with Dr Ramona Coelho

Euthanasia Prevention Coalition - 18 min 34 sec ago

Alex Schadenberg
Executive Director, Euthanasia Prevention Coalition

Dr Ramona Coelho

An excellent interview of Dr Ramona Coelho by Jonathon Van Maren was published in the European Conservative on April 24, 2024. 

As stated by Van Maren, Dr Coelho is a family physician in London, Ontario, with a practice largely serving marginalized patients, she has testified before Parliament, laid out the dangers of legal euthanasia on TV and in print, and presciently warned policymakers of many of the scenarios we now see unfolding. Dr Coelho is a leading voice opposing Canada's euthanasia regime.

Van Maren begins the article by bringing up two of the most recent Canadian euthanasia stories and commenting on the issue of euthanasia for mental illness alone:

For the past several years, the euthanasia horror stories unfolding in Canada have captured the attention of the press on both sides of the Atlantic. I have detailed many of them in my reporting; as I write this, a desperate father is battling in court to prevent his healthy 27-year-old autistic daughter from dying by doctor-administered lethal injection; another Canadian has been approved for euthanasia after developing bedsores while waiting for necessary healthcare that is increasingly difficult to obtain.

At the end of January, the Trudeau government delayed, for the second time, their plan to expand euthanasia eligibility to Canadians struggling solely with mental illness. Initially, a strong majority of Canadians supported legal euthanasia in limited circumstances. The events of the past several years have begun to erode that support, and the Conservative Party is campaigning on a promise to pass legislation banning euthanasia for mental illness. It is an incredibly pressing issue: if suicide-by-doctor were to be made available to the mentally ill, Canada’s ever-rising euthanasia death rate would spike overnight.

Dr Coelho defines what is mean't by the term MAiD:

Medical Assistance in Dying (MAiD) is the Canadian term that refers to both euthanasia and assisted suicide, although up to this point 99.9% of cases have been euthanasia (physician administered lethal cocktail to induce death, usually by IV) so I think it’s accurate and clearer to refer to this as euthanasia. However, it is possible that there might be more cases of assisted suicide (patient self-administers the lethal cocktail of drugs) in coming years as both are permitted. I will refer to it as MAiD just for ease and as some very few cases do involve assisted suicide.

Van Maren then asks Dr Coelho to comment on euthanasia for mental illness:

MAiD really never should have been an option for those with mental illness. Canadians face major barriers to access mental health care and numerous Canadian psychiatrists have voiced serious reservations about this expansion. We do not even understand how clinically to distinguish between the overwhelming majority of those with mental illness, who recover with suicide prevention and services, and those very few who might not. Such an expansion would allow healthcare practitioners arbitrarily to decide who deserves suicide prevention and who is deemed eligible for MAiD, potentially placing many Canadians’ lives at risk.

The legislation permitting MAiD for mental illness should have been permanently abandoned. But despite recommendations from its most recent parliamentary committee and most Canadian provinces asking that the legislation be indefinitely paused, the government has chosen simply to delay its implementation once again, this time until 2027. Politically, the delay in implementation of this legislation, rather than stopping it altogether, seems imprudent for the current government, as it may become a significant election issue. I would say Canadians are increasingly recognizing the risks of expanding MAiD to include individuals whose sole medical condition is mental illness.

Dr Coelho then comments on possible further expansions of MAiD in Canada:

And besides this, we still have the 2023 parliamentary recommendations to include MAiD for “mature” children and advance directives for euthanasia next. MAiD was initially introduced as an exceptional procedure to be used only for those near death with intolerable suffering, but once society embraces the intentional ending of one’s life as a treatment for suffering, it becomes practically impossible to contain, with Canada being a case in point.

Dr Coelho then comments on the concerns with medical safety:

In February 2024, the Canadian Human Rights Commission expressed ongoing concern over reports indicating that individuals with disabilities opt for MAiD due to a lack of essential support services. The CHRC is joined by UN human rights experts, Canadian disability groups, Indigenous advocates, social justice groups, and numerous medical and legal professionals in these concerns.

I was interviewed for a documentary featuring the tragic MAiD death of Rosina Kamis, who, citing poverty and loneliness, chose MAiD due to insufficient support. Some Canadian bioethicists argue that MAiD under “unjust social circumstances” is a form of “harm reduction.” However, this is not a free autonomous choice, but death driven by desperation and structural inequalities.

Messages promoting suicide and easier access to lethal means heighten suicide risks. MAiD exacerbates these dangers, endangering vulnerable individuals by increasing the likelihood of being induced into a premature death. Additionally, healthcare providers’ often inaccurately rate the quality of life of individuals with disabilities as poor, which may lead to their biases leading to suggesting or approvals of MAiD, particularly when patients are experiencing transient low points in their lives.

Dr Coelho then comments on the model practise standard:

Health Canada’s “Model Practice Standard for Medical Assistance in Dying” suggests informing patients about MAiD if the practitioner suspects it aligns with patient values and preferences. In contrast, other jurisdictions discourage or prohibit raising death as a treatment option due to concerns about undue patient pressure. The model practice standard’s stance on “conscientious objection” supports “effective referral” of patients. This means that, if a physician is concerned that MAiD is not a patient’s best option, they must still refer the patient to ensure access to MAiD, instead of pausing or stopping the process.

Examples of these unsafe policies are evident in MAiD training videos. In one, an instructor recognizes that patients may choose MAiD for unmet psycho-social needs, suggesting referral for MAiD completion if discomfort arises. Another instructor in a separate video advises continuing the MAiD process even if a practitioner believes a patient doesn’t qualify for MAiD, suggesting doctor shopping is acceptable.

Certain regions in Canada have the highest MAiD death rates globally. By 2022, nearly 45,000 MAiD deaths occurred across Canada since its legalization—almost 13,000 in 2022 alone, with estimates for 2023 approaching 16,000. Canada’s MAiD regime has chosen to prioritize accessibility over patient safety.

Dr Coelho then comments on her experience with the disability community:

Realizing my political naivety while advocating for legislative change has been a profoundly sad and eye-opening experience. Despite the government’s repeated assurances of listening to the concerns of persons with disabilities and their advocates, the reality witnessed during parliamentary hearings has been disheartening, as their voices are frequently disregarded or dismissed.

Throughout these hearings, committee members have consistently challenged the credibility of accounts detailing abuses within the Medical Assistance in Dying (MAiD) system. They assert an unwavering trust in MAiD assessors, portraying them as professionals deserving of complete faith and trust to get it right every time. However, this confidence is inconsistently applied, as committee members often interrupt and question the integrity of medical and legal experts expressing caution or offering alternative perspectives.

Furthermore, the presence of physicians who are now part of the government on MAiD parliamentary committees has not resulted in the expected depth of medical expertise or unbiased guidance. Instead, their contributions have often been marked by bias, with loaded questions designed to limit responses and paint concerned witnesses as advocating for prolonged suffering. This portrayal is starkly at odds with the reality faced by patients who endure lengthy waits for treatment. This waiting for care and being neglected by our society and health care system wears people down and can lead to choosing MAiD as the only accessible option.

Dr Coelho then comments on the euthanasia lobby:

Behind the scenes, powerful lobby groups in Canada wield significant influence in shaping the debate surrounding the expansion of MAiD. These groups, backed by substantial funding for government relations, dictate the trajectory of discussions, often overshadowing the voices of the underfunded and marginalized disability community. Despite the government’s claims of inclusivity, the reality is that this debate has been primarily driven by powerful interests, rather than the voices of those directly affected.

In essence, the legislative process surrounding MAiD in Canada has exposed systemic flaws and power imbalances, highlighting the urgent need for genuine inclusivity and meaningful dialogue that centers on the experiences and concerns of the real stakeholders, the disability community, which is most directly impacted by these policies.

Coelho is then asked about what must be done to reduce MAiD:

Thomas Insel’s book Healing drives home the critical role community life, support networks, and purpose have in dictating mental health outcomes, thereby highlighting the need for proactive measures. Firstly, the government must fulfill its duty to ensure everyone gets timely care, counseling, and the community resources they need. It’s unfortunate that we’re offering death as an option without properly supporting people who are struggling. At the same time, establishing a national suicide prevention framework is imperative to mitigate the risk factors that could contribute to MAiD decisions.

Palliative care centers have to be prioritized, offering a range of services including pain management, emotional support, end-of-life planning, and counseling individuals facing terminal illness, alongside robust access to disability and mental health services. This entails a concerted effort to build expertise, expand medical care systems, and ensure widespread accessibility.

Investment in community systems is essential too, fostering relationships and a sense of purpose and belonging. By organizing regular community gatherings, support groups, and educational workshops, communities can forge stronger bonds, mitigating feelings of isolation and despair. On the ground level, everyone can be involved in making sure neighbours and family members feel they are needed and cared for.

Furthermore, Canada’s commitment to the UN Convention on the Rights of Persons with Disabilities must be upheld, ensuring the provision of essential services and support for those with disabilities and chronic illnesses. The government has to address the systemic lack of social, economic, and health supports in order to alleviate the suffering that may otherwise drive individuals towards MAiD. We know that suffering from social and economic deprivation actually increases overall suffering from disability as it becomes conflated.

In essence, reducing the number of victims under Canada’s MAiD regime requires a comprehensive approach. Only through concerted efforts across these fronts can Canada ensure the dignity and well-being of its citizens, particularly those facing vulnerability and suffering. We need to make people feel they can live with dignity.

Dr Coelho is then asked what a future government must do:

Sadly, many Canadians remain unaware of the risks of our MAiD regime. As I mentioned, once a society embraces ending life as a solution to suffering, containing this procedure becomes nearly impossible. Tragically, the victims of this system are dead and can be forgotten, silenced, unable to recount the injustices that may have influenced their “choosing” death.

Therefore, to start, completely repealing Bill C-7 is imperative. Anything less is unacceptable to the disability community and greatly perpetuates the risks that death is driven by unjust circumstances.

There is also an urgent need to redefine the terms used in legislation, particularly ambiguous terms like reasonably foreseeable natural death (RFND). Through broad interpretations, individuals with potentially years of life ahead of them are prematurely ending their lives through the RFND track—a practice that was intended only for those in the final stages of life. Moreover, we have people who are simply stating they will refuse care to make themselves sick enough to qualify for RFND; MAiD should only be available to those with a disease prognosis of six months or less, not to individuals deliberately inducing sickness to qualify.

It is necessary to stem the influence of powerful lobby groups and expansionist medical advocacy organizations like the Canadian Association of MAiD Assessors and Providers (CAMAP). CAMAP received 3.3 million Canadian dollars in funding from Health Canada to educate MAiD assessors and providers and has many problematic guidance policies. A balanced independent panel of experts, as urged by the Canadian Human Rights Commissioner, should be convened to review the MAiD regime. This panel should guide legislative amendments, Health Canada policies, and provincial regulatory bodies to increase patient safety.

Many existing policies clearly require revision, including raising MAiD unsolicited, enforced mandatory referrals, and the worrisome trend of integrating MAiD into all care facilities. Ideally, a civil board comprising a multidisciplinary team should evaluate each case before approval to mitigate choices to die that are driven by structural inequalities. We also need better, publicly available, data collection all around.

This is not merely a matter of individual autonomy; it is a public safety concern that is affecting marginalized and disabled individuals. When discussing autonomy, we must consider relational autonomy—what we owe to each other and society as a whole. MAiD is a public policy, so we must consider the well-being of all—not just those seeking to end their lives on their own terms.

Previous articles by or articles concerning Dr Ramona Coelho (Article links).

Categories: All, Health, Medicine

"The Colour of Love", the Art of Mercy by scandalous artist protected by Pope Francis

Catholic Conclave - 1 hour 14 min ago
Cathcon: They could not have thought of a more ironic title if they tried.Find out just how much scandal is associated with Father RupnikAnd below the Global Jesuits are still celebrating his work.  It is not an accident; they do know, as the comments are turned off.  Catholic Conclavehttp://www.blogger.com/profile/06227218883606585321noreply@blogger.com0
Categories: All, Lay, Traditional

Blessed Feast of St. Mark!

non veni pacem - 1 hour 32 min ago

“Saint Mark, writer of the Gospel and first bishop of Alexandria, was the missionary companion and amanuensis of Saint Peter, the first pope. The third-century theologian Saint Hippolytus (and repentant anti-Pope) claims that Mark was one of the seventy disciples sent forth by Christ, meeting up with Saint Paul (he is likely the ‘John Mark’ mentioned in Acts, cf., 15:37), before joining Saint Peter. Tradition also has him as the ‘young man’, described in his own Gospel, who ‘went away sorrowful’, after Christ’s invitation to ‘leave everything and come follow Him’. Later, the same ‘young man’ watched the tragic events in the Garden of Gethsemane, and ‘ran away naked’ when the authorities tried to arrest him also, but grabbed only his garment (signifying in a vivid way his forced detachment from material things – for some have poverty, like celibacy, thrust upon them).

“Saint Mark, after a few years writing down Peter’s sermons (which comprised the basis for his Gospel), in the year 43 went to Alexandria, thereby founding the Church in Africa, before, as one tradition has it, his martyrdom by the populace by being dragged through the streets, around the time of Saint Peter’s own witness (68 A.D.). He is also connected with Venice, where his relics were transferred, according to historical legend, in 828 to save them from desecration by the Saracens – a tale which makes for some intriguing reading. They now reside in the magnificent basilica dedicated to him.

“Saint Mark’s Gospel seems written in a hurry, like the young man who ran away, and as befits a treatise composed in the tense situation in the nascent Roman Church, where the Christians, who had yet even to be called Christians, faced the imminent threat of persecution and martyrdom under the demonic regime of Nero. The Greek adverb eutheos, ‘immediately’, ‘right away’, occurs forty-one times in this shortest of the Gospels. Mark’s symbol is, after all, a winged lion.

“But this term can also mean ‘fitting’, or ‘well-placed’. All in all, it seems, well, fitting for this Gospel composed with the help of the first Vicar of Christ, whose mission was to found the Church that would govern all the Churches:  As comes across in the very first pages of Acts, the indecisive, wavering Peter had now become courageous, bold, sure, swift and to the point.”

The sarcophagus of Saint Mark –https://anastpaul.com/2021/01/31/the-translation-of-the-relics-of-saint-mark-the-evangelist-31-december/

https://catholicinsight.com/the-immediacy-of-mark/

Categories: All, Lay, Traditional

April 25 - Why Does Russia Keep America's Secrets?

Henrymakow.com - 1 hour 39 min ago


us-rus-collusion.jpeg
Please send links and comments to hmakow@gmail.com

Why doesn't Russia tell us what really happened on 9-11? Who murdered JFK and RFK? Who shot down MH 17 over Ukraine? What happened to MH 376 which disappeared in 2014? It's obvious that Russia is in collusion with the NeoCons attempting to start WW3. This is why Levrov et co. refer to the West as "Anglo Saxons" when everyone knows the West is run by satanist Jews just like Russia. 

To compare, the Allies kept Hitler's secret: grandson of a Rothschild, homosexual prostitute in Vienna. Wars are all orchestrated to kill patriot dupes on both sides.  This is why Russia didn't just remove Zelensky. They needed to kill 500,000 Ukrainian goyim and 100,000 Russians.

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Hundreds of bodies unearthed in Khan Younis hospital mass graves, many with skin and organs removed


As the search continued, rescuers estimated there to be at least 400 bodies. The Gaza government media office said some of bodies found had been decapitated and had their skin and organs removed. According to Al Jazeera, the bodies of children, elderly women and young men were among those found. Rescue teams said some bodies had their hands bound behind their backs, suggesting they were executed and buried on the spot. 

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"Deadliest days" in the West Bank

The Israeli military carried out bloody carnage and destruction at the Nur Shams refugee camp and surrounding areas in Tulkarem in the northern occupied West Bank during a two-day raid this week.

During the 54-hour operation, at least 14 Palestinians were killed by Israeli forces, including three children. The Israeli military carried out the operation with domestic intelligence agency Shin Bet and Israel's Border Police. The invading forces damaged and destroyed homes, commercial stores, roads and other infrastructure, and left at least 25 Palestinians injured in the wake of the military raid.



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The best guarantee of peace would be an Iranian nuclear bomb. Why can Pakistan and India have these? Iran does not want peace or it would have a bomb.


UN nuclear chief: Iran 'weeks, not months' from enough uranium to make a bomb
Head of International Atomic Energy Agency stresses that is not the same time frame as would be needed to make a device, but says Iranian activity 'raises eyebrows'


"But that does not mean that Iran has or would have a nuclear weapon in that space of time," he added. "A functional nuclear warhead requires many other things independently from the production of the fissile material."

Iran's nuclear goals, he maintained, are "a matter of speculation," though he criticized the country for its enrichment activity that "raises eyebrows" and its opaque dealings with UN nuclear inspectors, who are not being given the level of access to facilities that he believes they need.
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Makow-- It's disingenuous to equate opposition to Gaza genocide with antisemitism

Oct 7 was a Hamas-IDF false flag to justify seizure of the beachfront property Jewish developers crave. 

Israel's reply is vastly disproportionate to the provocation. Obviously, this is a genocide. 
We ask how did Germans allow the Jewish halocaust. Israelis and the West are guilty of the same crime. Under the self-righteous pretense, Zionists who support genocide are demonic. 

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Speaker Mike Johnson: "Antisemitism is a Virus" that is Spreading - Antisemitism Vaccines and Drugs to Follow?

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DOJ Pays Gymnasts $138 Million Settlement for FBI Misconduct in Larry Nassar Sex Assault Cases - The Last Refuge

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Iran threatens to wipe out Israel

Raisi arrived in Pakistan on Monday for a three-day visit. He addressed the recent tensions between Tehran and West Jerusalem at an event in Punjab on Tuesday.

"If the Zionist regime once again makes a mistake and attacks the sacred land of Iran, the situation will be different, and it is not clear whether anything will remain of this regime," the state news agency IRNA quoted Raisi as saying.


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grr-soros.jpg
George Soros "I see myself as a God."


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Antisemitism Is a Logical and Rational Reaction to Jewish Behaviour


Never in the history of mankind has a race of people gone so quickly from being exceptional victims to exceptional murderers determined to exterminate the Palestinians under the pretext of recreating their homeland, the biblical Israel, an entity that never existed in the first place.

Palestine was never the homeland of the Jews. Biblical accounts are not supported by historical or archaeological discoveries.[6] "It's a romantic fantasy,"[7] admits Jewish historian Norman F. Cantor in his book on Jewish history, The Sacred Chain. "The whole notion of Israel and its history is a literary fiction," says Professor Thomas Thompson in his book The Mythic Past: Biblical Archeology and the Myth of Israel.

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Andrew Anglin--These Student Protests Against Israel Are the Most Important Political Movement of Our Lifetime



"The New York Police Department arrested some 100 students last week after the university's president requested they respond. Police Chief John Chell later noted that the students who were arrested "were peaceful," per the Columbia Spectator. Now, faculty have staged a walkout protesting the arrest of student protesters.

The school moved classes online on Monday. The weight of that last sentence is not really being acknowledged in the mainstream media. They moved the classes online because they shut down the university, effectively declaring a state of emergency.

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Iran: Iranian citizens set fire to a huge street sign of Qassem Soleimani. The Iranian people are fed up with the Islamic regime in Tehran


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Dr. William Makis: When a Pregnant Woman Receives a C19 Vaccine, in Many Cases the Baby Stops Growing Within 24 Hours
"In pregnant women ... the babies are being hit with congenital heart and brain malformations, and nobody talks about it..."


"In pregnant women ... the babies are being hit with congenital heart and brain malformations, and nobody talks about it, but it's in the VAERS reporting system, ... He points out that the injections have been linked to deformities, miscarriages and stillbirths.

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Pfizer 'CHOSE NOT TO' Tell Regulators About SV40 Sequence in COVID Shots - Health Canada Official
A senior Health Canada official says pharma giant Pfizer made a conscious decision to not advise regulators that its mRNA COVID-19 vaccine contained a DNA sequence from the Simian Virus 40 (SV40).


"Pfizer has not cleaned up the vaccine, yet the regulators are sadly more concerned about vaccine uptake in the population rather than the health risks from these vaccines."

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Pastor Chuck Baldwin---House Speaker Michael Johnson: Just Another Neocon Traitor


 Michael Johnson has quickly morphed into another two-bit warmonger and big-government, police-state shill like virtually every House Speaker before him--at least in modern memory.

Before taking the Speaker's chair, Johnson had a reputation of being a pro-peace, fiscal conservative who wanted to secure America's borders and stop the out-of-control deficit spending in Washington. That Michael Johnson is no more! The new Michael Johnson is a measly, cowardly, pathetic little weasel whose backbone is made from jelly.

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Who Funds the Century Initiative?
Immigration / By Riley Donovan
It is crucial to understand the constellation of interests benefiting from, and lobbying for, high levels of immigration to Canada.

An important immigration lobby is the Century Initiative, which advocates for Canada's population to be increased to 100 million by 2100. I have compiled a list of the banks, corporations, foundations and individuals who donated to the Century Initiative in 2022. All of this information is available in their 2022 Annual Report. For those hearing about this group for the first time, check out my own report for some background information.


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Russia seizes JP Morgan Bank's assets in Russia. Retaliatory seizure of funds.




Categories: All, Conspiracies, History

That Time Scott Horton Proposed Ron Paul and Dennis Kucinich Run Together on a Presidential Ticket

Earlier this week, I wrote about a “what if” election scenario: What if Ron Paul and Dennis Kucinich, who had competed at the same time for, respectively, the Republican and Democratic presidential nomination, had instead run together on a presidential ticket? After my article was published, I was informed that Ron Paul supporting radio interviewer Scott Horton had, in an August of 2012 speech, laid out a case for Paul and Kucinich running together.

In that speech, presented after Mitt Romney and Barack Obama appeared set to be the Republican and Democratic presidential nominees, Horton proposed that, instead of throwing in the towel, Paul and Kucinich run together on a presidential ticket. Horton advocated in the speech for Paul to “keep running.” In particular, Horton suggested that Paul “get Dennis Kucinich or another principled progressive as your running mate and run a bipartisan unification campaign bringing together the best of the left and the right around your libertarian platform of peace, the Bill of Rights, and an end to all bailouts and corporate welfare.”

Check out Horton’s speech here:

One practical matter Horton did not address in the speech was how ballot access laws would affect the campaign he suggested. Ballot access laws are heavily stacked against third party and independent presidential candidates even when they have their campaigns up and running a year or more before election day. The barriers to having such a ticket on the ballot are yet stronger when a campaign is begun a little over two months before election day.

The Four Griefs of Wisdom

Unam Sanctam Catholicam - 3 hours 7 min ago

With much wisdom comes much grief: and he that increases knowledge increases sorrow” (Ecc. 1:18). Long have I pondered the meaning of your enigmatic words, O Solomon. Why should the possession of wisdom and knowledge bring me to grief? If, as the Proverbs say, “Wisdom will come into your heart, and knowledge will be pleasant to your soul” (Prov. 2:10), then in what sense is knowledge sorrowful? How can its attainment be a source of both delight and distress?

The degree to which wisdom brings delight or distress is relative to one’s spiritual orientation. Here is manifest the great duality of the human experience, which the Scholastics used to say is lived in statu viae—“in a state of journeying.” For we are not yet what we shall become (cf. 1 John 3:2); so long as we sojourn on this earth, we are wanderers straddling the boundary between two worlds. Of the flesh, we live in the spirit. Born of earth, we long for heaven. We pilgrimage towards “a city which hath foundations, whose builder and maker is God” (Heb. 11:10). Behind us is the City of Man, before us the City of God. We have one foot in each world, like the angel of the Apocalypse who “set his right foot upon the sea, and his left foot on the earth” (Rev. 10:2). While we are in the flesh we must satisfy the obligations of both worlds, until the Day of Judgment commits us irrevocably to one City or the other, and the wheat is separated from the tares.

Here we see why the attainment of wisdom can bring joy and sorrow, for the City of God and the City of Man are in antithesis. They are not only divergent destinations, but each have their own contradictory value systems as well. What makes one great in the City of God is despised in the City of Man, and what brings success in the City of Man excludes one from the City of God. Money is the currency of the City of Man, while prayer is the currency of the City of God. Power is esteemed in the former, meekness in the latter. Pride motivates in one, humility in the other. The City of Man is built upon selfishness, the City of God upon sacrifice.

Thus, if we grow in the virtues that are valued in the City of God, we will find less comfort in the City of Man. With each passing day our status as pilgrims will become more evident. We feel more profoundly our position as outsiders in this world. With Christ, we learn to say, “My kingdom is not of this world”; with St. Paul, we profess that “here we have no lasting city” (John 18:36; Heb. 13:14). We imbibe these words deeply, appropriating them to our own experience and making them the pulse in our veins. The things of this world make less and less sense to us. We perceive life as “this, our exile,” as the classic Marian hymn Salve Regina calls it. The greater our orientation towards the Kingdom of God, the greater our estrangement from the things of this world.

Alternately, if we adopt the values of the City of Man, the things of God are repugnant to us. The Gospel seems like foolishness. Christian ethics are misunderstood or scoffed at. Prayer and spiritual things appear silly. Seeking God feels like a waste of time. The deeper we enmesh ourselves in the ways of the world, the less relevance the Gospel of Christ appears to have to our lives. It seems an embarrassing relic from an age deemed less sophisticated. Such are those oriented towards the City of Man; these persons cannot be expected to appreciate the spiritual richness offered in Christ Jesus. For, “the carnal man does not receive the gifts of the Spirit of God, for they are folly to him, and he is not able to understand them because they are spiritually discerned” (1 Cor. 2:14).

In the myths of ancient Greece, we read of the prophetess Cassandra. She was given the gift of prophecy by the god Apollo, but the same god capriciously cursed her for resisting his amorous advances, decreeing that she should prophesy truly but nobody would believe her words. Cassandra was thus blessed and cursed: blessed with the ability to know the truth but cursed by its constant rejection by those with whom she shared it. Is this not like the dilemma faced by those who seek the Kingdom of God? For the very act of drawing closer to God estranges us further from the world. Like Cassandra whose gift of prophecy ensured she was ignored, our commitment to the Gospel becomes an occasion of mockery to the world, the more so to the degree we advance in the spiritual life. Those who love Christ are all Cassandras in this world.

Now the meaning of Solomon’s words become apparent. The wisdom of God brings us delight insofar as we progress towards the City of God, but the estrangement from the world it engenders also saddens us. But why does it sadden us? “To get wisdom is better than gold” says Solomon elsewhere (Prov. 16:16). If this is the case, should we not rejoice in the wisdom of God? Why should estrangement from the world bring us grief?

There are four senses in which estrangement from the world brings us grief as we draw closer to God.

First, at the beginning of our conversion, we grieve because we struggle to let go of the delights that bind us to our old life. We are accustomed to living according to our passions; we miss the pleasures of worldly living, even as the Israelites longed for the fleshpots of Egypt during the Exodus (cf. Ex. 16:3). Our friends continue to live in the manner they are accustomed, but we can no longer do so in good conscience. We must put distance between ourselves and our old life, but this also distances us from old friends. Sometimes there is resentment., “The way of the Lord is unfair” (Ezk. 18:29) we may say, as we see the wicked prosper, or the dissolute live lives of given over to pleasure with no apparent consequence. We feel stretched, longing for the kingdom of God but still feeling the seductive pull of the kingdom of man. This grief is a kind of trial, the outcome of which determines whether we advance in the service of the Lord or whether we are one who “puts his hand to the plow and looks back”, proving we are unfit for the kingdom of God (Luke 9:62).

The second type of grief is the sadness we feel at our own shortcomings. We have walked with the Lord for some time, we have made some progress in the spiritual life. The impetus of our original zeal has carried us a little way. But we have also experienced considerable setbacks; we have come to fully internalize the Lord’s saying, “The spirit is willing, but the flesh is weak” (Matt. 26:41). With St. Paul, we cry out, “I do not understand my own actions. For I do not do what I want, but I do the very thing I hate…I can will what is right, but I cannot do it. For I do not do the good I want, but the evil I do not want is what I do” (Rom. 7:15,18-19). Often this type of grief arises from disappointment with ourselves, emerging out of the chasm between what we are and what we wish to be. In more enlightened souls, this grief becomes less about falling short of our own ideals and more about falling short of God’s standard. Fortunately, this kind of grief is purifying, as it nurtures our humility and teaches us to lean not on our own strength, but on the Lord.

The third grief occurs when we find ourselves frustrated at the unbelief, irreverence, and perversion we see in the world. We desire the glorification of Christ and His Church and are deeply saddened at the world’s rejection of Him. Sometimes our grief is a burning indignation, and we are tempted, with the disciples, to say, “Lord, shall we call down fire from heaven and consume them?” (Luke 9:54); other times it is more of a weeping lament for the stubbornness of the world, like our Lord expressed when he wept over Jerusalem (cf. Matt. 23:37). We have tasted and seen the goodness of the Lord and we desire nothing more than that the whole world should do the same; their refusal to do so is a source of pain to us. This is the grief of the saints who wept for the sins of men and offered tearful prayers of reparation for offenses against God.

The fourth grief comes from the persecutions and trials that are heaped upon us. St. Paul warned Timothy that “all who desire to live a godly life in Christ Jesus will be persecuted” (2 Tim. 3:12). When we think of persecution and martyrdom, we usually think of authoritarian governments, or the Roman tyrants of old. But most persecution a Christian faces in his day-to-day life comes not from the government, but from his friends and family. Either through ignorance, insensitivity, or hostility, it is those closest to us who wound us most. Did not our Lord warn as much? “Do not think that I have come to bring peace on earth; I have not come to bring peace, but a sword. For I have come to set a man against his father, and a daughter against her mother, and a daughter-in-law against her mother-in-law; and a man’s foes will be those of his own household” (Matt. 10:34-36). We recall the words of Zechariah, “These are the wounds I received in the house of my friends” (Zech. 13:6). We grieve at the sarcastic comments, the little barbs, the misunderstandings, insults, and dismissiveness that comes from those we love. How we wish they would see what we see! How we grieve that we could not all be united in a single love. “How good and pleasant it is when brethren dwell in unity!” (Ps. 133:1) That it cannot always be so is a source of continual grief. We would die of sadness if it were not for our Lord’s promise that we who suffer such things for His sake are blessed (cf. Matt. 5:10)

Thus are the four griefs of Christian life that accompany those who grow in wisdom. Aside from the first (which passes as we mature), these griefs will all only intensify proportional to our closeness to the Lord. As we grow in the wisdom of God, the duality of living in two worlds pulls upon us, and in that tear is found grief.  “With much wisdom comes much grief, and he that increase knowledge increases sorrow.”

+AMDG+                 

Categories: All, Lay, Traditional

Anglo American Does Not Find BHP's $39 Billion Takeover Bid 'Attractive': Report

Zero Hedge - 4 hours 4 min ago
Anglo American Does Not Find BHP's $39 Billion Takeover Bid 'Attractive': Report

Update (1255ET):

Speaking on condition of anonymity, two sources close to top Anglo American investors told Reuters that BHP Group's proposed all-share deal, valued at £31.1 billion ($38.9 billion), is not attractive. 

One source said the offer did not address the complexities of demerging the Anglo American Platinum and Kumba Iron Ore businesses in South Africa. 

Reuters expects Anglo's board to respond in the coming days. BHP has until May 22 to submit a binding bid. 

A successful takeover would give BHP control of about 10% of the world's copper mining supply. There are talks of dwindling supply and soaring demand in the coming years because of electrification trends, such as the proliferation of generative AI data centers, electric vehicles, and onshoring manufacturing. 

*   *   * 

The world's largest global diversified miner, BHP Group, is making a monster bet on surging future copper demand with the proposed takeover of Anglo American Plc. The bet is based on the thesis that the world's power grids need a major overhaul and that the electrification of the economy will unleash new demand for base metals. This also comes as market observers have warned about an impending shortfall of global copper mining supply.

According to Bloomberg, BHP proposed an all-share deal valued at £31.1 billion ($38.9 billion). The transaction depends on Anglo spinning off its South African iron ore and platinum businesses to its shareholders. The offer is conditional and non-binding at £25.08 a share, or about a 14% premium to Anglo's closing share price on Wednesday. 

Anglo shares in London jumped 13% to £24.89, giving the company a market capitalization of about £30.5 billion. 

BHP's proposed acquisition of Anglo would dwarf its 2023 takeover of Australian copper producer OZ Minerals. The top miner believes copper demand will double over the next three decades. 

Copper is a critical base metal for infrastructure and renewable energy. BHP bets that the world's power grids must be upgraded as fossil fuel demand slides and the global economy's electrification ramps up. 

If the deal closes, BHP will become the world's biggest copper producer (controlling roughly 10% of the global copper mining supply), which comes as some market observers are warning about supply shortfalls

About a year ago, billionaire mining investor Robert Friedland explained to Bloomberg TV in an interview that copper prices are set to soar because the mining industry is failing to increase supply ahead of 'accelerating demand.' He warned

"We're heading for a train wreck here." 

Friedland is the founder of Ivanhoe Mines Ltd. He continued, "My fear is that when push finally comes to shove," copper prices might explode ten times. 

Jefferies' commodity desk recently warned, "Disruptions have significantly increased, and a market deficit is now increasingly likely. We could be at the foothills of the next copper cycle."

BofA recently warned, "The copper supply crisis is here." 

Let's not forget about our note titled "The Next AI Trade," which explains the investment opportunities in upgrading the nation's grid as generative AI data centers increase power demand. 

And Jefferies is on it: "Copper Demand in Data Centers." 

Back to BHP, the company said in a statement to London Stock Exchange that the takeover would increase its "exposure to future-facing commodities through Anglo American's world-class copper assets" as well as "complementing BHP's iron ore and metallurgical coal portfolios." 

Jefferies analysts commented on the proposed takeover, indicating BHP might face competition in its pursuit of Anglo. 

"Our analysis suggests that Anglo consists of an undervalued portfolio of multiple tier 1 assets several of which are in low-risk jurisdictions (Australia, Chile, Peru and Brazil)," Jefferies said.

Jefferies Christopher LaFemina said:

"We would be surprised if this is BHP's final offer," adding, "We estimate that a price of at least £28/sh would be necessary for serious discussions to take place, and a takeout price of well above £30 per share would be the outcome if other bidders were to get involved."

A successful takeover would mark the first mega mining deal in more than a decade and signify the importance of critical metals and their use in upgrading the world's power grid. 

Tyler Durden Thu, 04/25/2024 - 12:55
Categories: All, Non-Catholic, Political

"None Of This Should've Happened": Baltimore Takes Container Ship Owner & Manager To Court Over Bridge Collapse 

Zero Hedge - 4 hours 14 min ago
"None Of This Should've Happened": Baltimore Takes Container Ship Owner & Manager To Court Over Bridge Collapse 

Baltimore City filed a lawsuit against the owner and operator of the container ship that crashed into the Francis Scott Key Bridge last month, causing it to collapse. 

Attorneys for Baltimore's mayor and City Council claim the bridge collapse was caused by "negligence of the vessel's crew and shoreside management," according to the Washington Post

In the early morning hours of March 26, the Dali, a 213-million-pound container ship owned by Grace Ocean Private Limited and managed by Synergy Marine PTE LTD., lost power and slammed into one of the main pillars of the 1.6-mile long Key Bridge, instantly crumpling the bridge and blocking the only shipping channel in and out of the Port of Baltimore. 

Source: Bloomberg 

"The Dali slammed into the bridge, causing the bridge's immediate collapse, killing at least six individuals, destroying Baltimore property, and bringing the region's primary economic engine to a grinding halt," the city said in court filings. 

"None of this should have happened," the attorneys said, adding, "Reporting has indicated that, even before leaving port, alarms showing an inconsistent power supply on the Dali had sounded. The Dali left port anyway, despite its clearly unseaworthy condition."

Earlier this month, Grace Ocean and Synergy Marine submitted a request in federal court to cap their potential liability at $43.6 million. Baltimore on Monday requested that the court dismiss the companies' petition to limit liability.

The court filing also called the crew of the Dali "incompetent" and lacked proper skill or training, adding they were "inattentive to their duties" and "failed to comply with local navigation customs."

The source of the "inconsistent power supply" has yet to be identified, and the Federal Bureau of Investigation and the US Coast Guard have launched a criminal investigation into the crash. 

Meanwhile, the city of Baltimore failed to install fender systems to prevent ships from crashing into the bridge. These fenders could have prevented the collapse. 

Why did the city, county, or whoever manages the bridge fail to install fender systems? Were progressive lawmakers in the city and state too distracted with their socialist agenda to focus on upgrading critical infrastructure? 

Tyler Durden Thu, 04/25/2024 - 12:45
Categories: All, Non-Catholic, Political

"None Of This Should've Happened": Baltimore Takes Container Ship Owner & Manager To Court Over Bridge Collapse 

Zero Hedge - 4 hours 14 min ago
"None Of This Should've Happened": Baltimore Takes Container Ship Owner & Manager To Court Over Bridge Collapse 

Baltimore City filed a lawsuit against the owner and operator of the container ship that crashed into the Francis Scott Key Bridge last month, causing it to collapse. 

Attorneys for Baltimore's mayor and City Council claim the bridge collapse was caused by "negligence of the vessel's crew and shoreside management," according to the Washington Post

In the early morning hours of March 26, the Dali, a 213-million-pound container ship owned by Grace Ocean Private Limited and managed by Synergy Marine PTE LTD., lost power and slammed into one of the main pillars of the 1.6-mile long Key Bridge, instantly crumpling the bridge and blocking the only shipping channel in and out of the Port of Baltimore. 

Source: Bloomberg 

"The Dali slammed into the bridge, causing the bridge's immediate collapse, killing at least six individuals, destroying Baltimore property, and bringing the region's primary economic engine to a grinding halt," the city said in court filings. 

"None of this should have happened," the attorneys said, adding, "Reporting has indicated that, even before leaving port, alarms showing an inconsistent power supply on the Dali had sounded. The Dali left port anyway, despite its clearly unseaworthy condition."

Earlier this month, Grace Ocean and Synergy Marine submitted a request in federal court to cap their potential liability at $43.6 million. Baltimore on Monday requested that the court dismiss the companies' petition to limit liability.

The court filing also called the crew of the Dali "incompetent" and lacked proper skill or training, adding they were "inattentive to their duties" and "failed to comply with local navigation customs."

The source of the "inconsistent power supply" has yet to be identified, and the Federal Bureau of Investigation and the US Coast Guard have launched a criminal investigation into the crash. 

Meanwhile, the city of Baltimore failed to install fender systems to prevent ships from crashing into the bridge. These fenders could have prevented the collapse. 

Why did the city, county, or whoever manages the bridge fail to install fender systems? Were progressive lawmakers in the city and state too distracted with their socialist agenda to focus on upgrading critical infrastructure? 

Tyler Durden Thu, 04/25/2024 - 12:45
Categories: All, Non-Catholic, Political

"None Of This Should've Happened": Baltimore Takes Container Ship Owner & Manager To Court Over Bridge Collapse 

Zero Hedge - 4 hours 14 min ago
"None Of This Should've Happened": Baltimore Takes Container Ship Owner & Manager To Court Over Bridge Collapse 

Baltimore City filed a lawsuit against the owner and operator of the container ship that crashed into the Francis Scott Key Bridge last month, causing it to collapse. 

Attorneys for Baltimore's mayor and City Council claim the bridge collapse was caused by "negligence of the vessel's crew and shoreside management," according to the Washington Post

In the early morning hours of March 26, the Dali, a 213-million-pound container ship owned by Grace Ocean Private Limited and managed by Synergy Marine PTE LTD., lost power and slammed into one of the main pillars of the 1.6-mile long Key Bridge, instantly crumpling the bridge and blocking the only shipping channel in and out of the Port of Baltimore. 

Source: Bloomberg 

"The Dali slammed into the bridge, causing the bridge's immediate collapse, killing at least six individuals, destroying Baltimore property, and bringing the region's primary economic engine to a grinding halt," the city said in court filings. 

"None of this should have happened," the attorneys said, adding, "Reporting has indicated that, even before leaving port, alarms showing an inconsistent power supply on the Dali had sounded. The Dali left port anyway, despite its clearly unseaworthy condition."

Earlier this month, Grace Ocean and Synergy Marine submitted a request in federal court to cap their potential liability at $43.6 million. Baltimore on Monday requested that the court dismiss the companies' petition to limit liability.

The court filing also called the crew of the Dali "incompetent" and lacked proper skill or training, adding they were "inattentive to their duties" and "failed to comply with local navigation customs."

The source of the "inconsistent power supply" has yet to be identified, and the Federal Bureau of Investigation and the US Coast Guard have launched a criminal investigation into the crash. 

Meanwhile, the city of Baltimore failed to install fender systems to prevent ships from crashing into the bridge. These fenders could have prevented the collapse. 

Why did the city, county, or whoever manages the bridge fail to install fender systems? Were progressive lawmakers in the city and state too distracted with their socialist agenda to focus on upgrading critical infrastructure? 

Tyler Durden Thu, 04/25/2024 - 12:45
Categories: All, Non-Catholic, Political

Gold Prices: Beyond Inflation And Real Yields

Zero Hedge - 4 hours 34 min ago
Gold Prices: Beyond Inflation And Real Yields

Authored Robert Burrows via BondVigilantes.com,

Renowned for its role as a hedge against economic uncertainty and inflation, gold has long captivated investors. One key factor influencing gold’s price is the relationship between real yields and inflation. Over the long term, gold has protected one against the pernicious effects of inflation and remains a powerful diversifier within an investment portfolio:

Source: M&G, Bloomberg, 23 April 2024

Real yields, also known as inflation-adjusted yields, represent the return on an investment after accounting for inflation. They are calculated by subtracting the inflation rate from the nominal yield of a financial instrument, such as a government bond. Real yields provide a more accurate measure of an investor’s purchasing power and the true return on their investment. Historically, gold prices have exhibited an inverse correlation with real yields. When real yields are low or negative, indicating that inflation-adjusted returns on fixed-income investments are meagre or eroded by inflation, investors seek alternative stores of value, such as gold. Conversely, when real yields are high, offering attractive returns relative to inflation, the opportunity cost of holding gold increases, leading to downward pressure on the gold price.

The below chart demonstrates this general trend:

Source: M&G, Bloomberg, 23 April 2024

While the trend is not perfect, the following chart demonstrates that correlations have been negative for the bulk of the time:

Source: M&G, Bloomberg, 23 April 2024

So why is gold going up? If these correlations hold and real yields are moving higher, the gold price should be trending lower. There is something else at play. Investors will generally point to global instability, with geopolitical concerns being obvious. The other would be the challenging fiscal backdrop of many major economies, which I have written about. These concerns are well founded; however, they do not seem to be showing up in other risk assets.

BBB US corporates are trading at their all-time tights, so there is nothing to see here:

Source: M&G, Bloomberg, 23 April 2024

Volatility is not exploding, as shown by the volatility index VIX:

Source: M&G, Bloomberg, 23 April 2024

A quick look at China shows some interesting developments. We know why interest rates have gone up: to combat inflation. However, yields may still be pressured higher due to countries selling down their treasury reserves. China, for example, has been reducing its treasury reserves for some years. This is not the sole reason for higher yields but will be a contributory factor. The below chart shows Chinese treasury reserves falling plotted against the 10-year treasury yield (inverted):

Source: M&G, Bloomberg, 23 April 2024

Where are these funds going? Bolstering gold reserves it would seem...

Source: M&G, Bloomberg, 23 April 2024

..., and China is not alone in this thinking:

Source: M&G, Bloomberg, 23 April 2024

We have witnessed many responses with the onset of the war in Ukraine, one of which is sanctions. The sanctions have attempted to lock out a country from its reserves. The West’s freezing of Russia’s gold and forex reserves in response to the conflict appears to have triggered this shift. More recently, there have been threats to confiscate Russian reserves and use these funds to support Ukraine’s efforts. This will undoubtedly make other countries somewhat nervous, especially those not 100% aligned with the West’s worldview. 

Clearly, the Gold price is influenced by a multitude of factors, and one cannot point to any one single issue. However, it doesn’t seem as though gold is currently being bought for its safe-haven appeal at this stage. Where would the gold price be if the Fed starts cutting and the geopolitics worsen?

Tyler Durden Thu, 04/25/2024 - 12:25
Categories: All, Non-Catholic, Political

Gold Prices: Beyond Inflation And Real Yields

Zero Hedge - 4 hours 34 min ago
Gold Prices: Beyond Inflation And Real Yields

Authored Robert Burrows via BondVigilantes.com,

Renowned for its role as a hedge against economic uncertainty and inflation, gold has long captivated investors. One key factor influencing gold’s price is the relationship between real yields and inflation. Over the long term, gold has protected one against the pernicious effects of inflation and remains a powerful diversifier within an investment portfolio:

Source: M&G, Bloomberg, 23 April 2024

Real yields, also known as inflation-adjusted yields, represent the return on an investment after accounting for inflation. They are calculated by subtracting the inflation rate from the nominal yield of a financial instrument, such as a government bond. Real yields provide a more accurate measure of an investor’s purchasing power and the true return on their investment. Historically, gold prices have exhibited an inverse correlation with real yields. When real yields are low or negative, indicating that inflation-adjusted returns on fixed-income investments are meagre or eroded by inflation, investors seek alternative stores of value, such as gold. Conversely, when real yields are high, offering attractive returns relative to inflation, the opportunity cost of holding gold increases, leading to downward pressure on the gold price.

The below chart demonstrates this general trend:

Source: M&G, Bloomberg, 23 April 2024

While the trend is not perfect, the following chart demonstrates that correlations have been negative for the bulk of the time:

Source: M&G, Bloomberg, 23 April 2024

So why is gold going up? If these correlations hold and real yields are moving higher, the gold price should be trending lower. There is something else at play. Investors will generally point to global instability, with geopolitical concerns being obvious. The other would be the challenging fiscal backdrop of many major economies, which I have written about. These concerns are well founded; however, they do not seem to be showing up in other risk assets.

BBB US corporates are trading at their all-time tights, so there is nothing to see here:

Source: M&G, Bloomberg, 23 April 2024

Volatility is not exploding, as shown by the volatility index VIX:

Source: M&G, Bloomberg, 23 April 2024

A quick look at China shows some interesting developments. We know why interest rates have gone up: to combat inflation. However, yields may still be pressured higher due to countries selling down their treasury reserves. China, for example, has been reducing its treasury reserves for some years. This is not the sole reason for higher yields but will be a contributory factor. The below chart shows Chinese treasury reserves falling plotted against the 10-year treasury yield (inverted):

Source: M&G, Bloomberg, 23 April 2024

Where are these funds going? Bolstering gold reserves it would seem...

Source: M&G, Bloomberg, 23 April 2024

..., and China is not alone in this thinking:

Source: M&G, Bloomberg, 23 April 2024

We have witnessed many responses with the onset of the war in Ukraine, one of which is sanctions. The sanctions have attempted to lock out a country from its reserves. The West’s freezing of Russia’s gold and forex reserves in response to the conflict appears to have triggered this shift. More recently, there have been threats to confiscate Russian reserves and use these funds to support Ukraine’s efforts. This will undoubtedly make other countries somewhat nervous, especially those not 100% aligned with the West’s worldview. 

Clearly, the Gold price is influenced by a multitude of factors, and one cannot point to any one single issue. However, it doesn’t seem as though gold is currently being bought for its safe-haven appeal at this stage. Where would the gold price be if the Fed starts cutting and the geopolitics worsen?

Tyler Durden Thu, 04/25/2024 - 12:25
Categories: All, Non-Catholic, Political

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