This is a dramatic announcement.

Since 2008, there have been those who have warmed to the orthodox position Gafcon has taken but struggled with what paragraph 13 of the Jerusalem Declaration meant in practice:

“13. We reject the authority of those churches and leaders who have denied the orthodox faith in word or deed. We pray for them and call on them to repent and return to the Lord.”

Today the Gafcon Primates appear to have set out the cost of rejecting that authority. How other provinces respond and what the implications are for those who themselves are part of the Church of England will remain to be seen.

Read it all.

A significant development for global Anglicanism. https://t.co/oRVFOVjQtO

— Gafcon (@GafconGBE) October 16, 2025

As the GAFCON statement affirms: that future has now arrived.

Reordering of the Communion

What is this future for Anglicanism? Three points stand out.

1. New Foundation of Communion

The statement says the Anglican Communion will now rest on a single foundation: the Holy Bible, “translated, read, preached, taught and obeyed in its plain and canonical sense.” This is a deliberate echo of the Reformation principle of sola Scriptura. In other words, unity is no longer defined by loyalty to Canterbury or participation in Anglican institutions but by submission to Scripture as God’s Word.

2. Rejection of Failed Instruments

The statement names and rejects the so-called “Instruments of Communion”—the Archbishop of Canterbury, the Lambeth Conference, the Anglican Consultative Council, and the Primates’ Meeting. Why? Because they have consistently failed to uphold biblical truth, especially following the 1998 Lambeth Resolution I.10 which affirmed that Christian marriage is between a man and a woman. These “Instruments,” while once helpful, have fallen into revisionism.

3. Return to the Original Model

The statement emphasizes that GAFCON has not left the Anglican Communion. Instead, it claims the original vision: a fellowship of autonomous provinces united by the gospel and the Reformation formularies. This was how the first Lambeth Conference in 1867 understood Anglicanism and what held member provinces together in unity—before the so-called “Instruments” turned Canterbury into the sine qua non of what it means to be Anglican. Now, GAFCON says, the center of the Communion is not a person or an office, but the Word of God.

In place of the old “Instruments,” Gafcon proposes a Council of Primates (archbishops) from all provinces that affirm the Jerusalem Declaration of 2008, with a primus inter pares (“first among equals”) serving as chair.

Read it all.

Despite 25 years of warnings by most Anglican primates, repeated departures from the authority of God’s word have torn the fabric of the Communion.

—The Kigali Commitment https://t.co/eESYLlpxWM

— The Gospel Coalition (@TGC) April 25, 2023

It is….increasingly likely that governments will…resort to inflation and financial repression to reduce the real value of their high debts, as they did in the decades after the second world war. The machinery for such a strategy is in place at central banks, which have a large footprint in bond markets. Already, populists such as Mr Trump and Nigel Farage in Britain attack their country’s central banks with proposals that would weaken the defenses against inflation.

Price rises are unpopular—just ask the hapless Joe Biden—but they do not need political support to get going. Nobody voted for them in the 1970s or in 2022. When governments cannot get their act together, and run economic policies that are unsustainable, bouts of inflation just happen. By the time markets wake up, it is too late.

All the more reason to think ahead and reflect on how inflation harms the economy and society. It redistributes wealth unfairly: from creditors to debtors; from those with cash and bonds to those who own real assets such as houses; and from those who agree on contracts and wages in cash terms to those wily enough to anticipate higher prices. It causes what John Maynard Keynes called an “arbitrary rearrangement of riches”. And that could happen just as societies are grappling with other transfers of wealth that the losers will also see as unfair: in the labour market, as AI takes on routine office work; and through inheritance, as baby-boomers bequeath vast property wealth to those lucky enough to have the right parents.

This multi-pronged upheaval of fortunes could wreck the middle class, which binds democracies together, and scramble the social contract.

Read it all.

Governments are living far beyond their means. Sadly, inflation is the most likely escape. Politicians should think ahead and reflect on how much harm that would do https://t.co/6H1nzpKQQS pic.twitter.com/RF2ACF0MzV

— The Economist (@TheEconomist) October 16, 2025

So here’s what we know. This year’s gold rally has come in fits and starts. The April move was about a loss of confidence in the Dollar, a move that’s since run out of steam. The move since Jackson Hole is about “global debasement” and coincides with three notable developments: (i) there’s a global rise in long-term government bond yields as markets increasingly worry about unsustainable fiscal policy in many places; (ii) the universe of safe haven countries has shrunk because Germany and Japan are at the forefront of the global rise in yields; and (iii) the few safe haven countries that remain – notably Switzerland – are small, with limited capacity to absorb safe haven inflows. These three forces are supercharging the rise in gold prices, which is really about the global deterioration in fiscal sustainability and growing risk that debt overhangs will be inflated away.

What we don’t know is who is driving the latest rise in gold prices. There’s endless rumors about another round of central bank buying, but I am skeptical. There’s a clear macro catalyst to the latest move in the form of Jackson Hole. I find it hard to believe that central banks in emerging markets will be trading such a catalyst. It’s more likely that this is a genuine market move, with a growing number of investors worried about fiscal sustainability and debasement. If that’s true, the gold move can go a lot further.

Read it all.

What's driving the crazy rise in gold prices? At its root, it's about fear that the Fed has capitulated to Trump and is easing into an economy where inflation is rising. This week's IMF/WB meetings may end the gold rally and replace it with a Dollar rally.https://t.co/fFtYIbm3tT pic.twitter.com/HhhBK2vISo

— Robin Brooks (@robin_j_brooks) October 16, 2025

Almighty God, we praise thy name for thy bishop and martyr Ignatius of Antioch, who offered himself as grain to be ground by the teeth of wild beasts that he might present unto thee the pure bread of sacrifice. Accept, we pray thee, the willing tribute of our lives, and give us a share in the pure and spotless offering of thy Son Jesus Christ; who liveth and reigneth with thee and the Holy Spirit, one God, for ever and ever.

#OTD October 17, 107:
Ignatius of Antioch was fed to the beasts in Rome.

“Nearness to the sword is nearness to God; to be among the wild beasts is to be in the arms of God; only let it be in the name of Jesus Christ. I endure all things that I may suffer together with him, since… pic.twitter.com/HLeA38VZE4

— ☧ Today in Christian History (@HistoricalRook) October 17, 2025

O Lord Jesus Christ, who didst pray for thy disciples that they might be one, even as thou art one with the Father: Draw us to thyself, that in common love and obedience to thee we may be united to one another, in the fellowship of the one Spirit, that the world may believe that thou art Lord, to the glory of God the Father.

autumn palette 🎨 #forest pic.twitter.com/thTgJeq4wu

— Portmann Carrick (@PortmannCarrick) October 17, 2025

Now I would remind you, brethren, in what terms I preached to you the gospel, which you received, in which you stand, by which you are saved, if you hold it fast unless you believed in vain.

For I delivered to you as of first importance what I also received, that Christ died for our sins in accordance with the scriptures, that he was buried, that he was raised on the third day in accordance with the scriptures, and that he appeared to Cephas, then to the twelve. Then he appeared to more than five hundred brethren at one time, most of whom are still alive, though some have fallen asleep. Then he appeared to James, then to all the apostles. Last of all, as to one untimely born, he appeared also to me. For I am the least of the apostles, unfit to be called an apostle, because I persecuted the church of God. But by the grace of God I am what I am, and his grace toward me was not in vain. On the contrary, I worked harder than any of them, though it was not I, but the grace of God which is with me. Whether then it was I or they, so we preach and so you believed.

–1 Corinthians 15:1-11

Mt Moran at Oxbow Bend, Grand Teton National Park, Wyoming, Frank Delargy!🤩 pic.twitter.com/RyGsOoRarg

— Jim's the Man (@yesjimstheman) October 17, 2025