10 March 2020

Stocks and Precious Metals Charts - We Learn Nothing - Truth to Power


"A narcissist paints a picture of themselves as being the victim or innocent in all aspects. They will be offended by the truth.  But what is done in the dark will come to light.”

Karla Grimes


“In the days following the crash, an axiom as old as the Republic came into play once more.  In good times Wall Street wanted Washington to leave it alone. In bad times it wanted Washington to act.”

Haynes Johnson


"It is no exaggeration to say that since the 1980s, much of the global financial sector has become criminalised, creating an industry culture that tolerates or even encourages systematic fraud. The behaviour that caused the mortgage bubble and financial crisis of 2008 was a natural outcome and continuation of this pattern, rather than some kind of economic accident."

Charles H. Ferguson


"Everyone knows that plagues have a way of recurring throughout history, yet somehow we find it hard to believe in the ones that crash down on us out of the sky. There have always been plagues and wars, yet they always take us by surprise. When war breaks out people say it's stupid and won't last long. Stupidity has a knack of getting in the way, which we would see if not wrapped up in ourselves. In this our townsfolk were like everybody else— they did not believe in plagues."

Albert Camus, The Plague


"Nemesis, the goddess of retribution and vengeance, the punisher of pride and hubris, waits impatiently for her meeting with us."

Chalmers Johnson, Nemesis, the Last Days of the American Republic

The financiers of Wall Street, buoyed by the enormous funds of the Treasury, carried the day.   And there was rejoicing in New York and Washington alike, and among grifters everywhere.

Stocks rebounded sharply, and vacillated much of the day in a whipsaw manner, before climbing to their highs in the last hour of trading.

Gold was hit hard and repeatedly during the trading session in New York, and was finally smacked down to the low into the close. Silver followed a similar pattern.

Narcissists and high functioning sociopaths are an interesting lot. They think that they are superior, perfect, not in some incidental way, but at the very core of their being.

Therefore, imagine their surprise if anyone should find a fault with them, in anything that they have done.

Since they are perfect, always, what could cause someone to find a fault in anything that they have done, anything that is an extension of their perfect being?

Obviously then, that person must hate them,  be out to get them for some ulterior motive.  With malign intent they wish to undermine the private castle of perfection.

Even the most incidental remark, the slightest criticism, may be met with a visceral and overblown attack on that person. They must be belittled and discredited, so that the psyche of the narcissist can remain intact.

And so they do not learn.  For they cannot ever admit to a mistake.

This is not going to end well for the creatures of the trading pits, with the power of paper money and the shameless confidence game triumphant.

It's not even going to be an open casket.

This generation no longer believes in plagues, or in anything else that can overwhelm them, that is more powerful.  Particularly despised is innocence, and kindness, as weakness.

God is not mocked.  His love for us is relentless, overwhelming.

And one like a little child will lead them.

Have a pleasant evening.