“One of those freedoms most treasured by the Koch brothers is their ability to see a research study done by one of their funded economics departments, then have its dubious data quoted from the mouth of a funded ‘news’ celebrity.
From 2002 through 2006, the Koch funded Mercatus Center paid Lawrence Kudlow, a CNBC co-host and later host of his own show, ‘The Kudlow Report,’ a total of $332,500 through his consulting arm, Kudlow and Co. LLC. I obtained the information from public filings Mercatus made with the IRS. ”
The Martens, Wall Street On Parade
"Why should we not form a secret society with but one object— the furtherance of the British Empire and the bringing of the whole uncivilised world under British rule, for the recovery of the United States, for the making the Anglo-Saxon race but one Empire. What a dream, but yet it is probable, it is possible."
Cecil Rhodes, founder of the Rhodes Scholarships, 1877
"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole...
We now have a society in America, Europe and much of the world which is totally dominated by the two elements of sovereignty that are not included in the state structure: control of credit and banking, and the corporation... The only element of production they are concerned with is the one they can control: capital."
Carroll Quigley
The Dollar was stronger again today. I have included a five year chart as well as the intraday chart for context.
Gold and silver were lower. Gold needs to hold these levels to validate the potential 'W' bottom.
Stocks attempted to rally, but failed later in the day and settled back down to the 38.2% Fibonacci retracement level. This was not bullish action.
Next week is a lighter one for economic news. There will be the Fed minutes. The bobbleheads are hoping for a rate cut.
I suspect the economic conversation, and most likely the market trading, will be dominated by international trade relations, attempts at regime change in various places around the world, company earnings, and the usual distracting nonsense. The White House has been aggressively spinning headlines with an eye to the markets. And they have no shame in it.
And excepting for the schemes of a day, most of it is of little lasting consequence in the greater accumulations of daily life.
The key for the faithful is to remain steadfast, and not be drawn into the deception of madness by fear, hate or anger. The temptation is there, no doubt, and it can be strong, especially in our vain imaginings.
One must take steps to maintain an environment around themselves for themselves and their communities of interest, to do small things with great love, and to be prayerful in all of it, all the rest, secure in the armor of faithfulness and love. Loving is moving all around us. Take care not to lose sight of it, and with that, lose your way.
When the time comes to consider all things, we will wonder at so many things that greatly concerned us, that in the end really did not matter after all.
Have a pleasant weekend.
The light shines on in the darkness, and the darkness comprehends it not at all.
"Do you desire to be great? make yourselves little. There is a mysterious connexion between real advancement and self-abasement. If you minister to the humble and despised, if you feed the hungry, tend the sick, succour the distressed; if you bear with the froward, submit to insult, endure ingratitude, render good for evil, you are, as by a divine charm, getting power over the world and rising among the creatures. God has established this law. Thus He does His wonderful works.
His instruments are poor and despised; the world hardly knows their names, or not at all. They are busied about what the world thinks petty actions, and no one minds them. They are apparently set on no great works; nothing is seen to come of what they do: they seem to fail...
Our warfare is not with carnal weapons, but with heavenly. The world does not understand what our real power is, and where it lies. And until we put ourselves into its hands of our own act, it can do nothing against us. Till we leave off patience, meekness, purity, resignation, and peace, it can do nothing against that Truth which is our birthright, that Cause which is ours, as it has been the cause of all saints before us.
But let all who would labour for God in a dark time beware of any thing which ruffles, excites, and in any way withdraws them from the love of God and Christ, and simple obedience to Him...
Such is the rule of our warfare We advance by yielding; we rise by falling; we conquer by suffering; we persuade by silence; we become rich by bountifulness ; we inherit the earth through meekness; we gain comfort through mourning; we earn glory by penitence and prayer. Heaven and earth shall sooner fall than this rule be reversed; it is the law of Christ's kingdom, and nothing can reverse it but sin."
John Henry Newman
