Jesse's Café Américain: Eric Sprott on the Economy, the Markets, and the PHYS Gold Trust

15 April 2010

Eric Sprott on the Economy, the Markets, and the PHYS Gold Trust

Our Daily Prayers

Our prayers each day are for the intentions of our readers, and for all those who visit here this week.

Especially we pray for those whose hearts are hardened against His grace and loving kindness by greed, fear, and pride, and the seductive illusion and crushing isolation of evil. We pray that we all may experience the three great gifts of our Lord's suffering and triumph: repentance, forgiveness, and thankfulness. And in so doing, may we obtain abundant life, and with it the peace that surpasses all understanding.

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Need Little - Want Less - Love More

The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery.

"In the Incarnation the whole human race recovers the dignity of the image of God. Thereafter, any attack even on the least of men is an attack on Christ, who took on the form of man, and in his own Person restored the image of God in all. Through our relationship with the Incarnation, we recover our true humanity, and at the same time are delivered from that perverse individualism which is the consequence of sin, and recover our solidarity with all mankind." Dietrich Bonhoeffer

Let us commend our past to His abundant forgiveness, and trust our future to His loving kindness and tender mercy. Let us allow ourselves to be fashioned according to His will, not for His sake, but for our own. Remember to feed the least of His creatures, the birds and the animals. And be mindful of the hearts of those you meet, encouraging them with a kindness and a smile.

"A credibility trap is when the managerial functions of a society have been sufficiently compromised by corruption so that the leadership and the professional class cannot reform, or even honestly admit and address, the problems of the corrupted system without implicating a broad swath of a powerful elite, including themselves.

The moneyed interests and their enablers tolerate the corruption because they have profited from it, and would like to continue to do so. Discipline and silence is maintained by various forms of soft financial rewards and career and social coercion."

These are personal observations about the economy and the markets. In providing information, I hope this allows you to make your own decisions in an informed manner, even if it is from learning by my mistakes, which are many. As a standing policy I never provide individual investment advice to anyone. I will only occasionally disclose my personal positions for purposes of illustration. Understand that my own circumstances could differ greatly from your own, and therefore what is suitable for me may not be suitable for you. My comments are intended to be reflection on general macro financial and economic events and trends.

15 April 2010

Eric Sprott on the Economy, the Markets, and the PHYS Gold Trust

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Need Little - Want Less - Love More

15 April 2010

Eric Sprott on the Economy, the Markets, and the PHYS Gold Trust

LE CAFÉ AMÉRICAIN

Mes Amis du Café

Matières à Réflexion

.

Our Daily Prayers

.

MÉTAUX PRÉCIEUX QUOTIDIEN

.

Search Le Café Archives

.

Twitter

.

RSS

.

Translation Service

.

Divertissement Éducatif

.

Archives de Blog

.

Current local time inNew York City

.

Canapés et Apéritifs de la Maison

Soupes, Potages et Bouillons

Côtelettes d'Agneau

Beignets de Calamars

Full English Breakfast

Gigot de Lotte

ENTRECÔTE DE BOEUF

Scotch Egg

Pizza Bolognaise

PROFITEROLES AU CHOCOLAT

GÂTEAU AU CHOCOLAT FONDANT

GÂTEAU AU FROMAGE CLASSIQUE

Statistiques de Visiteurs depuis 2/2007

Notice of Copyright © Droit d'Auteur

Need Little - Want Less - Love More

Current local time in
New York City