"Hear this, you foolish and heartless people, who have eyes that do not see and ears that do not hear."
Jeremiah 5:21
"The illusions of extremists, of both the right and the left, are dangerous things, for the very reason that they often incline themselves to sacrifice the individual, and even surprisingly large groups of individuals and segments of society, for the 'greater good' of their extremes and their illusions.
The human being is remarkably clever and wonderfully self-deluding in choosing the things that they know are wrong, that they hide both from the world and themselves at first, that they excuse, wrap in exceptionalism, drape in personal exemption and necessity. Evil is a choice, or more properly a long, gradual succession of choices. The madness never sleeps, and is always looking for souls to devour.
Jesse, A Cruel Deception, 28 October 2022
"They have treated the suffering of my people carelessly, saying, ‘all is well’ when disaster looms on the horizon. They act shamefully, they commit terrible offenses; and yet they are not ashamed, and do not even know how to blush. They shall be found among those who are fallen."
Jeremiah 6:14-15
"Narcissists are unstable and go through repeated cycles of self-destruction, with other people usually paying the heft of the price. They are aware of what they are doing to others — but they do not care. Narcissists tend to be divisive, vindictive, confrontational, aggressive, hate-filled, raging, incoherent, judgment-impaired, and irrational."
Sam Vaknin, Malignant Self-Love, 2003
"For what has been hidden will be revealed, and concealed that will be made known. So take great care to how well you listen.”
Luke 8:17-18
The Fed did not change interest rates. Powell shared the Fed's concern about the health of the economy.
"The thing a good number of people on the committee are concerned about is the very, very low level of job creation. If you adjust what has been the trend job creation over the past six months for what we think is the overstatement due to overcounting, effectively there is zero net job creation in the private sector." Jerome Powell, Fed Chairman, 18 March 2026
Stocks slumped hard, and went out on the lows.
They may have trouble propping them up as they have been doing, because the attack by the US and Israel on the Iran natural gas fields is a serious escalation that will open the door to much greater destruction and harm to the global economy.
Gold and silver were hit hard again, and the Dollar rose back to the 100 level.
The lack of a flight to safety in gold is a little puzzling, but there are several possible scenarios at play here. Time will let us know which one is correct.
Bitcoin was hit in the selloff and fell back to its intermediate trading range.
The possibility of a more serious market break in March is increasing. And if this is not resolved, I will start looking at a setup for a much steeper decline, perhaps in September-October.
Madness. And what has been hidden will be revealed.
Have a pleasant evening.
