14 May 2020

Stocks and Precioius Metals Charts - Lies, Dark Powers, and Redemption


“Before mass leaders seize the power to fit reality to their lies, their propaganda is marked by its extreme contempt for facts as such, for in their opinion fact depends entirely on the power of the man who can fabricate it.”

Hannah Arendt, The Origins of Totalitarianism


"Seneca had made the bargain that many good men have made when agreeing to aid bad regimes.  On the one hand, their presence strengthens the regime and helps it endure.  But their moral influence may also improve the regime's behavior or save the lives of its enemies.  For many, this has been a bargain worth making, even if it has cost them—as it may have cost Seneca—their immortal soul. The Rome he has been trained to serve, the Rome of Augustus and Germanicus, was gone.   In its place stood Neropolis, ruled by a megalomaniac brat.”

James Romm, Dying Every Day: Seneca at the Court of Nero


“Fascists rejected reason in the name of will, denying objective truth in favor of a glorious myth articulated by leaders who claimed to give voice to the people. A nationalist is not at all the same thing as a patriot.  A nationalist encourages us to be our worst, and then tells us that we are the best."

Timothy Snyder, On Tyranny

Stocks rebounded from their lows.

Gold and silver moved higher.

The dollar finished nearly unchanged.

Stock option expiration tomorrow.

Have a pleasant evening.