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I think Martin was at best an opportunist looking to cash in on the sensationalism pregnant in Catholic traditionalism. At worst he continued as a proper operative of the enemy, very deliberately controlling the opposition (at best he only 'inadvertently' controlled it).
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What do you think about the end of his life? I always found it curious that he associated with Coomarswamy and 'threw in' with obscure Thuc consecrations. It makes me wonder if, toward the end of his life, he truly converted. Simply because those activities are not lucrative in the slightest, and he didn't appear to have made any attempt to leverage the associations of his dying years. It's easy to see how his books, his association with Art Bell, etc. were creative cash grabs. I don't see that in his final years' activity.
I think one has to be a little more than "creative" or "greedy" in order to put forth the kind of satanic sham he was accustomed to on a regular basis. Take his close friendship with yahoo psychiatrist Scott Peck for example: Malachi repeatedly encouraged this layman to conduct his own exorcisms on his patients. Malachi never repented of this.
At this archaeological stage of his life-in-review, we are continually digging up massive evils hidden just below the surface or even lazily scattered in plain sight. There is no commensurate repentance, no signs of deep sorrow or regret for dedicating his life to the Lie and therefore no reason to expect he converted at all. For an ordinary Catholic to act like this, would there even be a question? For a priest, you're looking at a distinct kinship with Judas. Also note how he shares his tomb with that of his rumored mistress.
He showered the conservative Catholic crowd with silver-tongued validations so effectively that it's hard for most people even to comprehend how someone so evil could say things so pleasing to our TLM sensibilities. Our enemy seems to know us better than we do ourselves! And what an enemy! There is no entity who mixes truth with fiction more effectively than the antichrist spirit himself. If we truly believe that the "spirit of VII" is this same spirit, and Malachi had a crucial role in helping it to succeed and later to propagate itself while at the same time pretending to be a staunch opponent of it, there is only one natural conclusion.
Don't waste any prayers on that man.