Posts Tagged “2015 stock market correction”

'Armageddon: Anything one doesn't like is the equivalent of a nuclear blast' / PsiCop original graphicBeneath American Christendom lurks a stream of what I refer to as “disaster theology.” It’s the idea that pretty much anything bad that happens, occurs because God is upset about some societal failure. He’s angry with humanity, so he takes out his rage on us. This tactic is a way to invoke terror among believers, inciting them to do something about the societal failure — whatever it may be — before some other (usually worse) disaster happens. Lots of Christianists use this tactic as part of their ongoing “psy-ops” campaigns, keeping the faithful all frothed up and in a tizzy. And the faithful, of course, are too ignorant, gullible, and/or stupid to realize how asinine it all is, or understand they’re being manipulated.

The frequency with which Christianists use “disaster theology” prevents me from calling attention to all of them. Otherwise I’d do nothing all day but post examples of this phenomenon. Most of the time, I remark only on the more egregious or cruel examples of it, such as when massacres are used this way. That people would use such events as weapons in their “psy-cops” warfare is horrific, and demonstrates their total lack of character.

But today one such incident happened which isn’t cruel, it’s just plain absurd — and laughably so. As such it provides a stellar example of how truly asinine the “disaster theology” tactic is. As Right Wing Watch both explains and shows, it came from the mouth of none other than Marion “Pat” Robertson (Wayback Machine cached article):

Televangelist Pat Robertson responded to the dramatic market sell-off today by suggesting that it was only a foretaste of God’s judgment for legal abortion and federal funding of Planned Parenthood.…

“We will pay dearly as a nation for this thing going on,” he said. “And possibly if we were to stop all this slaughter the judgment of God might be lifted from us. But it’s coming, ladies and gentlemen. We just had a little taste of it in terms of the financial system, but it’s going to be shaken to its core in the next few months, years or however long it tastes and it will hurt every one of us.”

Earlier in the program, Robertson claimed that the market crash was prophesied by Jonathan Cahn, who believes that something bad will happen in late September as part of the biblical Shemittah cycle. Today’s market turmoil, according to Robertson, is a sign that conditions will only get worse next month.

“This thing is hitting with great force and if Cahn is right on that Shemittah we could be in for some really rough days in the markets,” he said, before urging his viewers to buy gold in preparation for greater market deterioration.

This is ridiculous and laughable for two reasons:

First, the stock markets tanked for a very well-known reason. It’s one that’s been widely reported in numerous media outlets: An economic seizure in China, which has ripple effects in other markets around the world (cached). One might ask why there’s so much market trouble coming out of China, but it’s been building for a couple months, due to the popping of China’s stock market bubble in June (cached). And why, one might further ask, did China’s stock market bubble burst? That’s actually a stupid question: All market bubbles burst at some point. It’s inevitable! The question isn’t whether or not they will, it’s when. The causes of today’s stock market “correction” are well known, and something of this sort has been anticipated for a while. Appeals to the supernatural aren’t necessary … and corrections, while disruptive in the short term, are actually a normal part of healthy markets.

Second, all the caterwauling about government spending on abortions, and especially all the called lately to “defund Planned Parenthood,” ignores a very salient fact: No federal money is ever spent on abortions, due to something called the Hyde Amendment, which has been in force in one way or another since 1976. That’s right, since the mid-70s not one red cent of federal money has ever been spent on abortions! Robertson, and the rest of the bellicose Religious Right, is whining about something that isn’t actually the problem he claims it is.

Note, too, Robertson’s call to action … specifically for his viewers to buy gold. For many years now, Robertson has had a personal financial interest in gold, himself. For instance, he’s had mining interests in Africa which have caused him to get caught up in the affairs of dictators there (cached), as well as any number of other unsavory characters.

(I note a lot of folks over on the Right have a fascination with selling gold; many Rightist pundits’ shows feature gold-broker advertisements, and folks like Ron Paul are heavily invested in gold, as well (cached). These people are not looking out for the interests of their viewers/readers/listeners/followers … they’re actually trying to fatten their own wallets, at their viewers/readers/listeners/followers’ expense!)

It’s funny how a guy who’s so concerned about abortions, just happens to discern a course of action (i.e. buying gold) for his viewers to follow which — conveniently for him! — also just happens to be something he stands to profit from (via his gold-industry investments). Hmm. Coincidence? I think not!

Hat tip: Friendly Atheist.

Photo credit: PsiCop original graphic.

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