05 May 2017

Stocks and Precious Metals Charts - The Unspeakable

"A culture that does not grasp the vital interplay between morality and power, which mistakes management techniques for wisdom, and fails to understand that the measure of a civilization is its compassion, not its speed or ability to consume, condemns itself to death.”

Chris Hedges

"In this way people are thrown aside as if they were trash."

Francis I

"Those who are at present so eager to be reconciled with the world at any price must take care not to be reconciled with it under this particular aspect: as the nest of The Unspeakable.  This is what too few are willing to see."

Thomas Merton, The Unspeakable

The French elections will be this weekend, with market pricing in a win by the Europhile businessman Macron over the nationalist right with Le Pen.

The SP and Nasdaq closed at all time highs today.

Gold and silver continued to move sideways.  The dollar also moved lower.

Must have been a 'risk on' day for the one percent and their financiers.

The Health-scare Bill (sic) passed by the House is widely being disregarded by the more astute observers as a cynical exercise in political flimflammery.  It is so outrageously bad that the Senate is unlikely to pass it at anything like its current form.  It is yet another of their symbolic repeals of a healthcare system formulated by the conservative Heritage Foundation and embraced by the Wall Street wing of the Democrats under Obama and Clinton.

The Donald did not care what bill was passed, as long as he ended up with something that would allow him to say he kept his promise and could claim as an accomplishment.  He is all appearance over substance.

No matter if this legislation would devastate members of the woeful working class who carried him into office.   He and the Congressmen cared so little for the consequences of this law to the public that they did not even wait for the impact analysis that is customary for major legislation.

The House GOP took advantage of Donald's egomania by passing a bill which would deny affordable healthcare insurance to millions of Americans, the weak, the poor, and the elderly, in order to finance a $600 billion tax cut over the next ten years for the richest of the one percent. And afterwards they all celebrated with a beer party in the Rose Garden.

It would have been better for them if they had never been born.

Have a pleasant weekend.