The Lost Context of the Economic Crisis

The economic crisis worsens. The news presents us with markers, signs and symptoms. The situation spirals gradually, downward, toward a point of no return. China’s war against the U.S. dollar continues pushing one nation after another to bypass trading in dollars. We see, as well, that China Moves to Further Marginalize the Dollar just as China Leads a Campaign to Replace the Dollar as [the World’s] Reserve Currency. It is no accident that China pursues a national strategy hostile to American financial interests. To supplant a great financial power one must take certain actions and follow a definite path. So what is the American side doing to protect its position? America is doing very little. America is, in fact, lost in a wilderness of self-inspired trivialities and entertainments. We no longer appear to know which end is up.

In a 1977 sermon titled The Church and the Immiment Fall of Europe, Fr. Hans Milch explained, “He only is relevant and apt for the future that draws on the past! The deeper the roots reach into the soil of the centuries, the higher the treetops of hope for the shaping of the future.” In terms of financial analysis: the wellspring of abundance is a byproduct of intellectual and spiritual attainments which are no longer cultivated, and understandings which are lost. Those attainments which have been lost, and are unrecoverable in terms of the prevailing zeitgeist, formerly provided us with the context of our existence. One might say, in fact, that these provided the entire context of our existence, that is, of everything – of up and down, left and right, light and darkness, male and female.

And so a great catastrophe has overtaken us. “Men have lost their context,” said Fr. Milch, “and are living as day flies.” Do you hear the senseless buzzing of wings? Western man has lost both faith and fatherland. He has become an insect – without significance even to himself. How then does this “insect” retain his currency? The short answer must be, without any doubt, that he cannot maintain anything. It is beyond his present capacity. As Fr. Milch rightly explained: “Because he no longer knows what is history, because he no more recognizes the nature of man, the meaning of the human person is also lost [when it comes to] recognizing [even] gender differences.”

Not only have we lost our context, we regard our own existence as something less than real. We modern Americans somehow imagine that we are an audience – that we are the audience. And as audience, nothing happens to us. As mere spectators there is no occasion for alarm, and thus we give out no alarms. Things will continue as they are. Such is the prejudice and expectation. How could it be otherwise? Yet, we are not immune from what occurs on stage. And especially, we are not immune from the consequences that follow upon losing our context. If we were healthy enough to even have what were once called “prophets,” how they would decry our wickedness!

In losing our context we have lost faith and fatherland, history and futurity. We now find ourselves astride a break in the great chain that links the past and future. We, who dwell in the present, are priestly mediators “between the generations, between yesterday and today,” warned Fr. Milch. It is no small thing to break what must be linked. Such is a failure of function for which our economic peril is a mere symptom. At bottom we have failed to remember. We have failed to look forward. Entertained by the dance of an eternal present moment, we are stuck. And this sticking is dangerous, for we have a target painted on us. In terms of the dollar, the Chinese have manipulated their currency, have prosecuted a trade war, and are due to collect the reward of their effort.

Full article: The Lost Context of the Economic Crisis (JR Nyquist | Financial Sense Online)

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