Category Archives: Economics

Bitcoin: A Tower of Monetary Babel

Bitcoin Fiat Currency

The promoters of crypto currencies have gushingly touted them as the mechanism by which the present central banking cabal and the system of nation states which derive much of their power from will be brought down and replaced by digital money.  Despite their meteoric rise as speculative “assets,” there are fundamental economic reasons why they will never act as a general medium of exchange despite the wild enthusiasm for them by the crypto-currency cultists.

Money – a general medium of exchange – is the most marketable (exchangeable) commodity in an economy.  As a good, money is not sought after for its direct use – to satisfy individual wants – but to satisfy wants indirectly through exchange for other goods.  Over time, one good becomes money since it possesses qualities superior to all other goods as a money.  When gold became demanded not for its “use value,” but for its “exchange value,” it became a general medium of exchange – money.

As a consumer good, gold possessed a value or a “price” prior to it becoming a money, as the eminent monetary theorist Murray Rothbard explains:

. . . embedded in the demand for money is knowledge

of the money-prices of the immediate past; in contrast

to directly-used consumers’ or producers’ goods, money

must have pre-existing prices on which to ground a demand.

But the only way this can happen is by beginning with a useful

commodity under barter, and then adding demand for a

medium to the previous demand for direct use (e.g., for

ornaments in the case of gold.)*

Thus, Bitcoin’s “price” is not in terms of its original commodity price, but its price is in terms of dollars, Euros, yuan, etc.  In the dollar’s case, it was at one time linked to gold, but has since been severed from it while Bitcoin has had no such relationship.

Once money is established, then prices are expressed in terms of it and thus economic calculation can rationally take place and the division of labor and specialization can be expanded.  Rothbard continues:

       The establishment of money conveys another great

benefit.  Since all exchanges are made in money, all the

exchange-ratios are expressed in money, and so people

can now compare the market worth of each good to that

of every other good.**

Once gold became money, the price of goods became expressed in gold not in other elements – nickel, zinc, lead, etc.  With the proliferation of crypto currencies, there will be a myriad of different price ratios for each good.  There will be a Bitcoin price for a car, an Ethereum price for a car, a Dogecoin price of a car, and so on.  This is the antithesis of the purpose of money – one unit of account that reflect prices for all commodities as Rothbard shows:

 

Because gold is a general medium it is most marketable,

it can be stored to serve as a medium in the future as well

as the present, and all prices are expressed in its terms.

Because gold is a commodity medium for all exchanges,

it can serve as a unit of account for present, and expected

future, prices.  It is important to realize that money cannot

be an abstract unit of account or claim, except insofar as it

serves as a medium of exchange.***  [my emphasis]

Crypto currencies, therefore, directly violate one of the main principles of monetary theory.  The vast array of digital money, all with unique price ratios (to say the least of their volatility), would make economic calculation and rational planning next to impossible.  In this sense, the current world of fiat dollars would be preferable to a Tower of Monetary Babel that digital currencies would create.

Central banks and governments do not fear crypto currency challengers to their monetary hegemony.  They, of course, jealously monitor the crypto market worried that any gains accrued may not be subject to tax.  Central banksters do fear gold for it remains, despite being demonetized, the last check on profligate central bank monetary expansion.  And, because countries who wisely understand gold’s importance and seek to get out from under the yoke of King Dollar (most notably China and Russia), continue to voraciously accumulate the yellow metal.

The return of true prosperity will only come about when gold is once again at the center of the monetary order and fiat currencies such as the dollar, Euro, and now Bitcoin are forgettable memories of a misguided and corrupt age.

*Murray N. Rothard, What Has Government Done to Our Money?  Novato, CA.: Libertarian Publishers, 8th printing, January 1981.

**Ibid., 4-5.

***Ibid., 5.

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com

Vladimir the Great Sums Up Pope Francis the Fake!

Putin & Francis II

Vladimir Putin has once again demonstrated why he is the most perceptive, farsighted, and for a politician, the most honest world leader to come around in quite a while.  If it had not been for his patient and wise statesmanship, the world may have already been embroiled in an all encompassing global configuration with the possibility of thermonuclear destruction.

His latest comments on the purported head of the Catholic Church may have been his most perceptive as of yet and should be heeded not only by Western secular leaders, but by the globe’s one billion or so Catholics, most of whom regard Jorge Bergoglio as pope.

The Russian President’s statement came on a visit to the Naval Cathedral of St. Nicholas in Kronstadt.  Mr. Putin succinctly sums up what Pope Francis is not: “If you look around at what he (the Pope) says it’s clear that he is not a man of God.  At least not the Christian God, not the God of the Bible.”*

No truer words have as yet been said about this cretin by a world leader since his wretched pontifical reign began in 2013!

While Mr. Putin and those with “eyes to see and ears to hear” recognize that “Pope Francis” is not a Christian, the current occupant of St. Peter’s Chair is disqualified for that position on theological grounds.  To be a legitimate pope, one must be “bishop of Rome,” and prior to becoming a bishop, one must be a priest.  Jorge Bergoglio was not ordained (1969) in the traditional Apostolic ordination rite of the Church, nor was he consecrated (1992) as a true bishop in that rite.  His predecessor, Benedict XVI, was, likewise, not consecrated in the traditional rite although he was ordained as a priest under the “old rite.”

Simply put: Jorge Bergoglio is just a layman masquerading as a pope as are all of the other priests and bishops which were given Holy Orders under the new rites which came into effect in the aftermath of the Second Vatican Anti-Council (1962-65).

Not only is Pope Francis a Christian fraud as Vladimir Putin and other perceptive commentators have observed, but in secular matters he is a neo-Marxist in economic thought, a One-World Government advocate, and an enthusiast of open borders and mass migration.  In other words, an enemy of what is left of Western Civilization.

Mr. Putin accurately describes his “secular sins:”

  • Pope Francis is using his platform to push a dangerous far-left political ideology on vulnerable people around the world, people who trust him because of his position
  • He dreams of a world government and a global communist system of repression
  • As we have seen before in communist states, this system is not compatible with Christianity**

If these despicable qualities are not bad enough, there is a seedier side of Bergoglio that Mr. Putin did not address.  Pope Francis is now the third Paedophile Pope who has presided over the Church’s Great Sex and Embezzlement Scandal.  Neither Francis, or his two derelict predecessors (Benedict XVI, JPII) have done anything to either punish or root out the child predators under their charge.  On the contrary, Francis has encouraged perversion with his now infamous statement of “who am I to judge.”

The debauchery continues to take place with the latest coming right under the nose of the Argentine heretic.  An apartment occupied by the secretary of the Pontifical Council for the Interpretation of Legislative Texts, Franecesco Coccopalmerio, was raided in July to break up a “gay” orgy.  The police found drugs and men engaged in orgiastic sex.* Coccopalmerio, who Bergoglio had considered for promotion to bishop, was hauled away and jailed by authorities.

This came on the heels of Cardinal George Pell, the Vatican’s Chief Financial Officer, being charged with sex crimes against ten children.  Pell has since left Rome in disgrace for his native Australia to answer the charges.

While Western Civilization is on the decline due to economic stupidity and open borders promoted by the likes of Pope Francis, there are a few bright spots, the brightest of which is Vladimir Putin.  If the West is ever going to regain its sanity, it should take the sage counsel of the Russian president especially when he speaks of phonies like Pope Francis.

*Baxter Dmitry, “Putin: ‘Pope Francis is Not a Man of God.'”  Your News Wire.    3 August 2017.  http://yournewswire.com/putin-pope-francis-god/

**Traditio, Traditional Roman Catholic Network. 8 July 2017,  http://www.traditio.com/comment/com1707.htm

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com

Can Germany Be Made Great Again?

Holy-Roman-Empire-1789-1024x704

When Germany Was Great!

Ever since the start of the deliberately conceived “migrant crisis,” orchestrated by NWO elites, the news out of Germany has been, to say the least, horrific.  Right before the eyes of the world, a country is being demographically destroyed through a coercive plan of mass migration.  The intended consequences of this – financial strain, widespread crime and property destruction, the breakdown of German culture – will continue to worsen if things are not turned around.

Opposition to the societal destruction within Germany have been harassed and persecuted by the authorities and labeled by the mass media with the usual epithets: “far right,” neo-Nazi, “haters,” and heaven forbid, “separatists.”  Because of this and other factors, there has been no mass movement, as of yet, that has coalesce to challenge the German political establishment.

A possible reversal of German fortunes, however, has come from a recent poll of Bavarians.*

A survey conducted by YouGov, a market research company, found that 32% of Bavarians agreed with the statement that Bavaria “should be independent from Germany.”  This percentage has increased from 25% of secession-minded Bavarians when polled in 2011.

Of the some 2000 surveyed between June 24 and July 5, most supporters of  independence come from the southern portions of the country.

Whether Bavarians or their fellow German separatists realize it or not, the only “political” solution to the migrant crisis is secession.  This is not only true for Germany, but for all Western nation states swamped with unwanted migrants.  Once free from the domination of the national government (and just as important the EU), each jurisdiction could make its own immigration policy and would be better able to control population influx at the local level.

Historically, Germany’s past has much more in common with a decentralized political landscape than with a unitary state.  From the disintegration of the Roman Empire until Napoleon wantonly abolished the Holy Roman Empire in 1806, Germany was an amalgam of different political units – kingdoms, duchies, confederacies, free cities, etc.  With no grand central state, there was considerable freedom and economic growth as each sovereign entity was largely able to conduct its affairs on its own terms.

Decentralized political power is also conducive for the advancement of culture.  Music, the highest art form, found some of its greatest expression from the German peoples.  And, the monumental figures of Western music were financed in large measure by German princes, kings, and emperors.  Johann Sebastian Bach’s sublime Brandenburg concertos were underwritten, so to speak, by Christian Ludwig, Margrave of Brandenburg while Beethoven received support from Archduke Rudolph.  Mozart was funded no less by the Austrian emperor himself, Joseph II.

Political decentralization provides an important mechanism as a check on state power.  A multitude of governments prevents individual state aggrandizement as oppressed populations can “vote with their feet” and move to safer and less repressive regimes.  A unitary state, or just a few, throughout the world would negate such an advantage.

Naturally, if nation states are a constant threat to the liberties and economic well being of their citizens, global organizations and states are that much more of a danger and should always and everywhere be opposed.  The European Union, largely based on the principles of the US Constitution, has pressured nations under their sway, such as Germany, to accept the migrants and has threatened members such as Hungary and Poland with penalties if they do not do their fair share.

The empirical evidence is overwhelming in regard to political decentralization and economic growth.  Since the level of taxation and government regulation are crucial factors in an economy’s ability to produce, the limitation on taxation and government oversight tend to be significantly lower if there are numerous states since there would be amble opportunities for producers to go to more conducive areas to set up shop.  This can be seen in the US as thousands of oppressed businesses and firms have left California to lower tax and restrictive climes such as Texas and Nevada.

If Germany is ever to get a handle on the migration crisis before the country is completely demographically dismembered, its only hope is to return to its decentralized political roots.  Let Bavaria lead the way!

*https://www.rt.com/news/396600-bavaria-independence-germany-poll/

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com

The Student Loan Bubble and Economic Collapse

student loan bubble III

The inevitable collapse of the student loan “market” and with it the takedown of many higher educational institutions will be one of the happiest and much needed events to look forward to in the coming months/years.  Whether the student loan bubble bursts on its own or implodes due to a general economic collapse, does not matter as long as higher education is dealt a death blow and can no longer be a conduit of socialist and egalitarian nonsense for the inculcation of young minds.

The perilous condition of the student loan sector can be seen by looking at a few ominous pieces of data:

  • The US has around $1.3 trillion in non dischargeable loans to students
  • Over 120 billion in student loans are already in default
  • 27% of students are a month behind on their payments*

As economic conditions deteriorate and there are even less meaningful jobs for college graduates than there are now, these numbers will only get worse.

Not only have colleges and universities been havens of leftist thought for many years, but they have become ridiculously expensive and beyond the reach of most middle-class income earners to afford without going into significant debt.  Moreover, the incessant barrage by the Establishment about the necessity of a college degree has distorted the labor market to where worthless, debt-ridden degrees are pursued instead of much needed blue-collar employment.  The readjustment of the labor market to a proper balance will not only take time, but it will be a costly, painful process.

While the “hard” sciences have not been as effected by the Left, the social sciences have long been an intellectual wasteland devoid of any freedom of thought or opinion.  Promotion and recognition of academic excellence is, more often than not, based on diversity and one’s skin color not merit.  Arguably, economic science has been the most corrupted discipline.  Economics departments of major universities are now training grounds for employment in state and federal bureaucracies, the banking industry, and Federal Reserve where Marxism, Keynesianism, neo-Keynesianism or whatever kooky, nonsensical theory of the day can be put into practice.

While higher education has long been hostile to the ideals of Western Civilization, it is now explicitly a bastion of anti-white discrimination and hostility especially against white heterosexual men.  Few days now pass where there is not an incident, many of which are approved by school authorities, blatantly attacking white Americans or symbols that supposedly represent them.

Of course, the higher education apparatchiks have had an easy time in their brainwashing task since the impressionable minds in their charge have been indoctrinated by twelve years of public “schooling.”  Not only has the public school been a mechanism of social engineering, but it has constantly pushed its chattel to continue their “education” at the collegiate level.

The Trump Administration and most on the Right have failed to grasp the liberalistic bias of American education.  Education Department Secretary Betsy DeVos has spoken about “competition” via school choice, vouchers, magnet and charter schools to increase school and student performance.  The Administration’s proposed 2018 education budget calls for an increase in federal spending on school choice by $1.4 billion, a $168 million increase for charter schools, and a $1 billion increase for Title I “to encourage school districts to adopt a system of student-based budgeting and open enrollment that enables Federal, State, and local funding to follow a student to the public school of his or her choice.”**

These shopworn ideas and policies are not only fundamentally flawed and will make matters worse, but they will do nothing to counteract and or end the Left’s domination of education.  Instead, President Trump should do what he spoke of at times on the campaign trail and what President Reagan promised to do, but never did – abolish the Department of Education!

While the collapse of the student loan bubble may be the catalyst for a general financial downturn and will certainly be the cause of tremendous social pain and dislocation, it will, nevertheless, be a necessary prerequisite if America and, for that matter, the Western world is to ever break the grip of leftist ideology which rules it.  May the bursting of the student loan bubble commence!

*Tyler Durden, ‘”Staggering’ Student Loan Defaults On Deck: 27% Of Students Are A Month Behind On Their Payments.”  Zero Hedge.  15 April 2017. http://www.zerohedge.com/news/2015-04-15/staggering-student-loan-defaults-deck-27-students-are-month-behind-their-payments

**Jade Scipioni, “Why Betsy DeVos Is Visiting This Ohio School Today.”  Fox Business.  20 April 2017.  http://www.foxbusiness.com/features/2017/04/20/why-betsy-devos-is-visiting-this-ohio-school-today.html

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com

 

 

The Ultimate Regulatory Reform: Abolish Fractional Reserve Banking!

fractional reserve banking II

The Trump Administration has presented the first part of its plan to overhaul a number of Wall Street financial regulations, many of which were enacted in the wake of the 2008 financial crisis.  The report is in response to Executive Order 13772 in which the US Treasury Department is to provide findings “examining the United States’ financial regulatory system and detailing executive actions and regulatory changes that can be immediately undertaken to provide much-needed relief.”*

In release of the first phase of the report, Treasury Secretary Steven T. Mnuchin stated: “Properly structuring regulation of the U.S. financial system is critical to achieve the administration’s goal of sustained economic growth and to create opportunities for all Americans to benefit from a stronger economy.  We are focused on encouraging a market environment where consumers have more choices, access to capital and safe loan products – while ensuring taxpayer-funded bailouts are truly a thing of the past.”**

Some of its highlights include:

  • Community financial institutions – banks and credit unions – are critically important to serve many Americans
  • Capital, liquidity and leverage rules can be simplified to increase the flow of credit
  • We must ensure our banks are globally competitive
  • Improving market liquidity is critical for the U.S. economy
  • The Consumer Financial Protection Bureau must be reformed
  • Regulations need to be better tailored, more efficient and effective
  • Congress should review the organization and mandates of the independent banking regulators to improve accountability***

 

Not surprisingly, most of the banking industry expressed support for the report, critics (mostly Democrats) pointed out that it would lead to the type of practices that produced the 2008 panic in the first place.  Both opponents and those in favor as well as the clueless financial press fail to grasp the underlying cause of not only the recent crisis, but the majority of those which have occurred for the past century.

Quite simply: the fundamental cause of the 2008 financial crisis was fractional-reserve banking (FRB).  FRB is the practice whereby banks keep a “fraction” of the funds deposited by customers in their vaults lending out the rest at interest and “profit.”  Banks are thus inherently unstable since if all depositors came at once and demanded their money (a “bank run”), banks could not be able to redeem their deposits.  Moreover, FRB encourages banks to engage in exceedingly speculative and risky behavior which creates unsustainable bubbles throughout the economy.

The nation’s central bank, the Federal Reserve, was created by the banksters and politicos to enshrine this immoral and economically ruinous practice into the heart of the American financial landscape.  Any “reform” of Wall Street’s financial practices that does not address FRB by doing away with it and the institution (the Fed) which enables it to exist, is doomed.

The banks in collusion with the Fed are able to expand the money supply through this process while enriching the banksters’ balance sheet.  On the macro level, the creation of money through FRB is the genesis of the destructive boom-bust cycle.

This is why banks and the entire financial system are so prone to reoccurring crisis and no regulation, reform, or Treasury Department “findings,” can make such a system “stable.”  The only true reform is to abolish FRB and establish a monetary order that requires all financial institutions to keep 100% reserves of depositors’ assets.

The Treasury Department’s recommendations are mere window dressing by the very banksters whose opulent livelihoods are predicated on FRB.

The elimination of FRB would go beyond a beneficial financial revolution, but would affect the foreign policy of the USSA.  Without the ability to create money via FRB, the murderous American Empire could simply not exist, nor would the nation’s draconian domestic security state.

With his selection of crony capitalists and members of Goldman Sachs to his economic team, it is apparent that President Trump does not understand the true nature of the nation’s financial woes or what precipitated the last financial crisis and what will assuredly lead to a far bigger mess down the road.  If he did, his next Executive Order would be to implement steps and procedures to eliminate the scourge of fractional reserve banking forever.

*U.S. Department of the Treasury, “A Financial System That Creates Economic Opportunities.”  6 June 2017.  https://www.treasury.gov/press-center/press-releases/Pages/sm0106.aspx

**Ibid.

***Ibid.

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com

Donald Trump is an Economic Ignoramus!

Trump & Trade II

Not surprisingly, Donald Trump has followed in the infamous footsteps of his presidential predecessors in the transition from candidate to chief executive.  Invariably, every candidate for the presidency makes a whole host of promises, the vast majority of which are horrible and typically only exacerbate the problems they attempt to resolve.  Among the proposals, however, there is an occasional bright spot.  Yet, once elected the stupid polices are eagerly pursued while the good ones are quickly discarded.

What was somewhat unique about Donald Trump was that he was the first candidate in a long while who had a number of refreshing and much needed proposals – border wall, “drain the swamp,” criticism of Ma Yellen and the Fed, rapprochement with Vladimir Putin and Russia, a deescalation of U.S. imperialism.  There were bad ones, too, but the good ones were enough to lead him to a smashing win over the Wicked Witch of Chappaqua.

Even before being sworn in, however, the president-elect began to downplay his most positive positions and emphasize the worst.  At the top of this list, and what Trump has been consistently wrong about since the inception of his political career, and even prior to it, has been “trade.”

Trump considers himself an “economic nationalist” in the mold of Patrick Buchanan.  Both, however, are simply wrong in this regard demonstrating that they do not have a grasp of the most basic of economic principles.

The latest Trump tirade on trade was reported during his recent trip to Europe and a meeting with high-ranking officials.  Trump is reported to have lashed out at German auto makers who the President accused of being “very bad” because of the “millions of cars that they sell in the U.S.”  The Donald bemoaned, “Terrible, we’re going to stop that” and added “I don’t have a problem [with] Germany, I have a problem with German trade.”*

Such talk makes Trump sound like a fool.  What is “bad” about providing American consumers with first-class automobiles that they apparently want in large quantities and are voluntarily willing to pay for?  And what of American workers employed with Mercedes Benz, BMW, and Volkswagen?  What is so horrible about the jobs and income that is provided by German firms to these workers?

Instead of berating German car manufactures, Trump should direct his ire at the immigration policies of psychopathic politicians like Frau Merkel.  Candidate Trump was very vocal about this and criticized European leaders for allowing their countries to be turned into multicultural cesspools.

The benefits of free trade and the baneful consequences of protectionism have long ago been elucidated by right-thinking economists, while the historical record has shown that lands which engage in “free trade” are decidedly richer than those that do not.  That Trump could spout off such nonsense about the evils of German trade shows how far the level of economic understanding has fallen.

Not only does free trade allow for the extension of the division of labor and specialization, but it has very important non-economic fruits.  When trade is unregulated, there is less of a tendency of trading partners to engage in bellicose actions toward each other.  Free trade and peaceful coexistence among nations are synonymous.  It is when trade is prohibited, skewed by governments to “protect” favored industries, which creates tensions among peoples.

Free trade does not require measures such as NAFTA or negotiated deals by politicians.  Instead, producers of one region are free to sell their goods at whatever prices or quantities to consumers of other areas that agree to buy them.  Ultimately, trade is up to individual producers and consumers in what they contractually agree to exchange, there is no need for political involvement.

Trump’s lambasting of the German auto makers, however, underscores a more fundamental problem with the U.S. economy.  America no longer produces goods that the world’s consumers desire, but instead, produces military hardware that it sells to despotic regimes which enables them to remain in power and wreck havoc on their enemies.  Predictably, this escalates tensions abroad while, domestically, the standard of living of Americans fall as scarce resources that could have been used in the production of useful consumer goods are diverted to the creation of murderous military armaments.

Trump has repeatedly boasted about his and his appointees’ abilities to negotiate great trade “deals.”  His bashing of the German auto makers right after his multi-billion dollar arms sales to the Saudis show not only that he is clueless in regard to the immense benefits of free trade, but that he is just another adherent, like his predecessors, to the ideals of crony capitalism.

*Tyler Durden, “Trump Slams ‘Very Bad’ Germans for Selling Millions of Cars in US: ‘We Will Stop This.'”  Zero Hedge 26 May 2017. http://www.zerohedge.com/print/596683

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com

 

Pope Francis and Libertarianism

no-pope-bergoglio  Don't Tread on Me

The purported pope of the Catholic Church recently attacked “libertarianism.”  As a number of theologians have ably shown, Jorge Bergoglio, a.k.a Pope Francis, cannot be a legitimate pope since he was neither ordained as a priest or consecrated as a bishop in the traditional Catholic rite of Holy Orders.  And, since he is not a bishop, he cannot be “bishop of Rome” – a prerequisite for being the head of the universal Church.

While “technically” he is not the pope, Bergoglio is a notorious heretic who has said a mind-boggling number of heresies, engaged in the most scandalous of actions, and has attempted to change doctrine and Church teaching.  He is not the pope since a heretic is necessarily outside the Church and, thus, cannot hold ecclesiastical office, especially that of supreme pontiff.

If Bergoglio’s “invalidity” is not damnable enough, “Pope Francis” is a neo-Marxist who has repeatedly called for the redistribution of wealth, promoted mass migration, and has denigrated capitalism, accusing it of impoverishing the poor.

Naturally, with such a dossier, Bergoglio would be hostile to the concept of libertarianism.  And, as a skillful demagogue, he has deliberately mischaracterized the subject.

In a message to a meeting of the Pontifical Academy of Social Sciences, Bergoglio harshly stated: “I cannot fail to speak of the grave risks associated with the invasion of the positions of libertarian individualism at high strata of culture and in school and university education.”*

If Bergoglio thinks that higher education is infected with “libertarian individualism,” he is more delusional than he has been given credit for!  Academia has long been a bastion of collectivist thought.  Libertarianism and, for that matter, conservative ideas have little voice in higher education.  Moreover, Western culture is dominated by the ideals of social democracy, a philosophy that is anathema to libertarianism and also to real Catholicism, not the kind that is preached by imposters such as “Pope Francis!”

It is probably deliberate that Bergoglio uses the word “invasion” in his description as he subtly mocks his audience.  The only invasion that has happened is not a takeover of academia by free-markets zealots, but by the millions of “asylum seekers” that have been thrust upon European soil which has been encouraged and orchestrated by the likes of multiculturalists such as Jorge Bergoglio.

“[T]he libertarian individual denies the value of the common good,” Bergoglio continues, “because on the one hand he supposes that the very idea of ‘common’ means the constriction of at least some individuals, and on the other hand that the notion of ‘good’ deprives freedom of its essence.”

Of course, to arch collectivists like “Pope Francis,” the common good always trumps individual rights.  While he does not explicitly say it, the “common good” means for the good of the state, and for those who place their own self interest or that of their family before the state’s interest, they are to be ostracized or worse.

Libertarianism to Bergoglio is an “antisocial radicalization of individualism” that “leads to the conclusion that everyone has the right to extend himself as far as his abilities allow him even at the cost of the exclusion and marginalization of the more vulnerable majority.”  By living “independently of others” a person can attain freedom.

Once again, as he had done throughout his “papacy” Bergoglio demonstrates that he is an economic ignoramus who does not grasp a basic tenet of social relationships.

Libertarians are proponents of the market economy and markets are the result of the division of labor, specialization, and exchange.  Society, in part, is the amalgamation of numerous markets and advanced societies are ones with a highly developed division of labor.  Overwhelming empirical evidence has shown that such societies are not only richer, but are more culturally advanced than self- sufficient societies (autarky) where individuals produce everything for themselves.

In such an order, an individual produces or provides services which he does best.  Since he does not produce everything himself, he, therefore, depends and needs to interact with others in exchange of goods he does not produce.  In the market economy, very few live “independently of others” as Bergoglio stupidly believes, but must rely and depend on their fellow man.  Even entrepreneurs, who Bergoglio implicitly condemns in the above passage, have to rely on consumers to patronize their products and services or they will quickly go out of business.

Bergoglio, of course, does not understand that there are many shades of libertarianism running a wide spectrum of social, political and economic thought.  If there is a common theme among libertarians, it is opposition to the modern state and the welfare/warfare system upon which it rests.  The modern state will not tolerate any competition for the minds, hearts, and souls of men.

Until the Second Vatican Council (1962-65), the Church recognized that the modern state was not only its enemy, but the enemy of mankind.  In this respect, the Church had common ground with the libertarian and conservative movements of the 20th century.

The Second Vatican Council and the “reforms” which came in its wake produced an environment that has led to the likes of cretins like Jorge Bergoglio who has not only repeatedly blasphemed the Divine Founder of the institution in which he supposedly heads, but regularly spews out all sorts of discredited neo-Marxist nonsense.

While “Pope Francis” condemns libertarianism, the solution to the financial, political, and many of the social problems which confront the Western world will only be solved by “libertarian means” – a gold/silver monetary standard, political decentralization/secession, de-militarization/non-intervention, free trade, and the application of private property rights to the migration crisis.

For the good of mankind, not only should Jorge Bergoglio be ignored as supreme Roman pontiff, but he should likewise be ignored when speaking on any and all public policy matters.

*Thomas D. Williams. “Pope Warns Against ‘Invasion’ of Libertarianism.”  Breitbart.  28 April 2017.  http://www.breitbart.com/national-security/2017/04/28/pope-francis-warns-against-invasion-of-libertarianism/

Antonius Aquinas@AntoniusAquinas

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