17 October 2019

Stocks and Precious Metals Charts - On the Brink, Dancing Blindly - Tail Risk and a Banquet of Consequences


'Tail Risk'
“You cannot play with the animal in you without becoming wholly animal, play with falsehood without forfeiting your right to truth, play with cruelty without losing your sensitivity of mind. He who wants to keep his garden tidy does not reserve a plot for weeds.

Your cravings as a human animal do not become a prayer just because it is God whom you ask to attend to them.

God does not die on the day when we cease to believe in a personal deity. But we die on the day when our lives cease to be illumined by the steady radiance, renewed daily, of a wonder the source of which is beyond all reason.

For all that has been,
thank you.

For all that will be,
yes."

Dag Hammarskjöld, Markings


“Above all, don't lie to yourself. The man who lies to himself and listens to his own lies comes to a point when he cannot distinguish the truth within him, or around him, and so loses all respect for himself and for others. And having no respect he ceases to love.

What is hell?   It is the pain of being unable to love.”

Fyodor Dostoevsky, The Brothers Karamazov


"Love does not make you weak, because it is the source of all strength, but it makes you see the nothingness of the illusory strength on which you depended before you knew it."

Léon Bloy

It was another 'risk on' day, although that was barely enough to keep the major indices treading water.

Gold and silver were flattish as the Dollar continued to decline.

The mispricing of risk is due to several factors. The misappropriation of the nation's money supply by the Fed and its Banks looms large. But the awful fiscal policy of Washington, driven by an oligarchy, and the steady drumbeat of propaganda from the corporatist think tanks and their media courtiers is not all that far behind.

Not one thing has changed.   Except perhaps that the Fed has started to apply heavier doses of plaster to cover the rot in the walls and the foundation of the economy.

Personally I think that we are on the brink of a hair-raising sell off, that will seemingly come out of nowhere. The actual 'trigger event' may even seem incidental, although there are plenty of candidates that could be more momentous. But it will have its roots in deception, and the mispricing of risks.

The elite and their courtiers are increasingly at a divergence from reality.  And the many naive and innocent and corruptible who have been slavishly mouthing their slogans and platitudes are in for a major case of cognitive dissonance.

It is one thing to fill your own mind with the dishonest nonsense written for personal gain by con men and demagogues.  It is obviously from a foul source because there is no love in it, only derision, delusion, harshness, and selfishness.

Once we are made to see ourselves and things we have done as they are, the sorrow and repentance that we may feel may be painful to see, especially for those who have led others, such as their children, astray.

Need little, want less, love more.   For those who abide in love abide in God, and God in them.

Have a pleasant evening.