"The acceptance of near-indigency of the mass of the citizens as the price to be paid for the highest stage of prosperity was accompanied by very different human attitudes.
Townsend righted his emotional balance by indulging in prejudice and sentimentalism. The improvidence of the poor was a law of nature, for servile, sordid, and ignoble work would otherwise not be done. (abuse of the other by the powerful is a 'necessary evil.')
Also, what would become of the fatherland unless we could rely on the poor? For what is it but distress and poverty which can prevail upon the lower classes of the people to encounter all the horrors which await them on the tempestuous ocean or on the field of battle?'"
Karl Polanyi, The Great Transformation, 1944
“The real conflict is the inner conflict. Beyond armies of occupation and the catacombs of extermination camps, there are two irreconcilable enemies in the depth of every soul: good and evil, sin and love. And what use are the victories on the battlefield if we are ourselves are defeated in our innermost selves?”
Maximilian Kolbe
"Behind the concrete, the visible events, behind all objective, logical considerations, we find the irrational element: The struggle against the demon, against the servants of the Antichrist.
Everywhere and always demonic powers lurk in the dark, waiting for the moment when man is weak; when of his own volition he leaves his place in Creation, as founded for him by God in freedom; when he yields to the force of evil, he separates himself from the powers of a higher order; and after voluntarily taking the first step, he is driven on to the next and the next at a furiously accelerating rate."
The White Rose, Fourth Leaflet, Munich 1942
Gold and silver soared today, as the Dollar continued to slide.
The breakouts on the precious metals charts were hard to miss.
I hope that you did not.
This has been a long time coming.
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| 'For what does it profit a man...' |
Naturally the thoughts of traders will begin to believe that there must be a stop to this, that it is an excess, and will not continue.
And it will not continue. But the extent of it, and the time for it to end, is not known to us.
But we may know what signs to watch, and what precautions to take based on our own capacity for risk..
What matters at the end of the day is not what other people say or do. What matters is the struggle between good and evil in each of our hearts, for which we will be held to account.
In the greater scheme of things the rest of it is a diversion and distraction.
The rationalization of injustice and the oppression of the weak by the powerful and the well-to-do is as old as Babylon, and evil as sin. It is the power of the darkness of this world, and of spiritual wickedness in high places. Despite the pretty wrapping clever people may put on it, the rot of decay and corruption is within.
The only difference is that it is not happening in the past, or in a book, or in some vaguely frightening prophecy— it is happening here and now.
The real tragedy is to become what you hate— and to spend an eternity with it for company.
So let's make some more money in these markets, but not lose sight of why we do this, and especially recall the only things that really matter.
Have a pleasant evening.
