Number CCCXXIX (329)   2 November 2013

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PLEASE HELP
Regularly over the last 20 years I have said that the Society of St Pius X could fail. Colleagues never liked me saying it, and contrary to what some people think, I did not enjoy saying it either, but here we are. Here for instance is a quotation sent to me recently by a reader, taken from an ordinations sermon I gave in 1984, and which of course I had completely forgotten:--

“At the beginning of the Church Militant Jesus Christ led his followers through the catacombs and persecution out into the open, and at the end of the Church Militant He may well lead them from the tent in the open field through persecution back to the catacombs. If it comes to that, and if we make it to the catacombs, for many of us it will certainly not have been without the Society but back in the catacombs we may have to do without the Society (...). Dear seminarians! Regularly I tell them (...) that the whole world is against them; that the whole world is going to hell in a hand-basket; that the Society of St. Pius X could easily perish; that the future is dark and where there is no gloom it is full of doom. Do you know, I do believe that if any of my dire forebodings actually came true, seminarians would be pleasantly surprised?”

And what do I think I see now in the “Resistance”? The painful but steady emergence of the joyful remnant of Catholics from the remnant of Traditionalists who in their time emerged from the ruins of Vatican II. Nothing yet persuades me of the need for a structure or a seminary to replace those of the SSPX, but these are early days in the history of the Resistance. What I do think is needed is a base of Resistance operations in England, not far from the Continent nor from London airports, bricks and mortar to lend some solidity to the Resistance, and to provide, for instance, a refuge where priests can recuperate for at least a few days, under no kind of pressure, from the real hardships of today’s apostolate.

The house has been chosen, it does exist, we have agreed to buy, and donations are coming in, but we do now need both £40,000 by the end of November and another £360,000 by mid-December. I do not like making promises, but with the help of God I have no intention of abandoning the defence of the Faith, whatever form that defence may take over the next several years. Please help, and in today’s shadow of tomorrow’s collapse of currencies, do think of making a heavenly investment guaranteed by the whole host of Heaven. Bless you for any and all donations. I attach again details of means of payment.

Kyrie eleison.

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I can well imagine the feeling of dread involved in entering
into a huge mortgage when for the past 10 years or more
H.E. has been advising everyone else to STAY OUT OF DEBT!

And from the sound of this, it might be a kind of loan that has
serious penalties built in if the borrower can't manage to
comply with the terms as promised.  

For example a balloon payment loan -- has good interest rates
for the first part of it, which could go on for a year or more,
and then suddenly a payment in the amount of 10 times the
usual is scheduled.  If the borrower can't meet up with that,
he is forced to either refinance or sell, lest the lender
forecloses.  And foreclose they will, because they're in the
business of foreclosing, even while they claim that they're not.

...we do now need both £40,000 by the end of November and another £360,000 by mid-December.

So it's a 60-day escrow and they've promised a 50% down
payment before close of escrow?


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If Bp Williamson has to ask me twice for anything-shame on me.

I'm sending $30..it's the best I can do.

Very good.

Quote from: Neil Obstat

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I can well imagine the feeling of dread involved in entering
into a huge mortgage when for the past 10 years or more
H.E. has been advising everyone else to STAY OUT OF DEBT!

And from the sound of this, it might be a kind of loan that has
serious penalties built in if the borrower can't manage to
comply with the terms as promised.  

For example a balloon payment loan -- has good interest rates
for the first part of it, which could go on for a year or more,
and then suddenly a payment in the amount of 10 times the
usual is scheduled.  If the borrower can't meet up with that,
he is forced to either refinance or sell, lest the lender
forecloses.  And foreclose they will, because they're in the
business of foreclosing, even while they claim that they're not.

Quote

...we do now need both £40,000 by the end of November and another £360,000 by mid-December.

So it's a 60-day escrow and they've promised a 50% down
payment before close of escrow?


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I hate to say it but you're so right; and the real estate/debt is just one of many problematic (to put it mildly)  statements of this EC.

Care to elaborate?

PS:

With regard to indebtedness, St. John Bosco was in debt all his life, and accomplished all his works through indebtedness.  

If you are taking His Lordship to task because he preaches against indebtedness, well, I think you have misunderstood him if you thought him to implicitly teach that only persons with $200,000 (or E350,000) in the bank should be homeowners (i.e., so they can pay cash for their homes), while the rest of us should rent to avoid debt.

Probably a good idea to bump this thread.