"People of privilege will always risk their complete destruction rather than surrender any material part of their advantage. Intellectual myopia, often called stupidity, is no doubt a reason. But the privileged also feel that their privileges, however egregious they may seem to others, are a solemn, basic, God-given right. The sensitivity of the poor to injustice is a trivial thing compared with that of the rich."
Adoring Mammon, God of the World
John Kenneth Galbraith
"For we wrestle not against flesh and blood, but against principalities and powers, against the rulers of the darkness of this world, against spiritual wickedness in high places."
Ephesians 6:12
Stocks caught what might be best described as a 'dead cat bounce' today.
Gold and silver were sold lower for the option expiration on the Comex.
The supply of physical gold available for immediate delivery continued to drift lower.
The US Dollar finished higher.
The Atlanta Fed has raised its estimate of 2Q GDP to 4.7%, which suggests that the Fed will stick to its new plan to have four interest rate increases this year. They will most likely contribute to the break in the economy by their actions and willful disregard for the cracks in its foundations.
Need little, want less, and love more. For those who abide in love abide in God, and God in them.
Without love, none will be able to withstand what may come.
Have a pleasant evening.
