"The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated communist, but people for whom the distinction between fact and fiction, true and false, no longer exists.”
Please let it work this time!
Hannah Arendt, The Origins of Totalitarianism
"It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought."
John Kenneth Galbraith, The Affluent Society
It sometimes seems like we have cast off from our anchor even in nonsense, and have set ourselves adrift on a sea of make believe, if not wanton fantasy.
Stocks went roaring higher, going limit up last night, as the Fed has declared its intentions to underpin the markets to an extraordinary degree.
And so in response to this cash bazooka blast gold and silver went ripping higher today.
This was no safe haven buying, as was shown in the soaring risk assets and declining dollar.
No, this was a rush to sound money, and protection against future monetary debasement.
Gold in particular was tough for some to track. The popular Kitco site was completely off for most of the day in their gold quotes.
The appropriate quote could be found by looking at the futures front month which is April.
Adding to this blast in gold is word of an increasing physical short squeeze in NY and in London.
This was blamed of course on supply chain problems caused by the coronavirus.
Funny how the Comex warehouse reports show plenty of gold available in the NY vaults. Uh huh.
There will be a metals option expiration on the Comex on the 26th.
Trump says he wants America back and open for business by Easter. He discussed it with some powerful hedge fund operators this morning and they seem to have agreed.
His medical and scientific advisors, not at all.
This should prove to be interesting.
Need little, want less, love more, for those who abide in love abide in God, and God in them.
Have a pleasant evening.
