“Once a government is committed to the principle of silencing the voice of opposition, it has only one way to go, and that is down the path of increasingly repressive measures, until it becomes a source of terror to all its citizens and creates a country where everyone lives in fear."
Harry S. Truman, August 8, 1950
“There are more instances of the abridgment of the freedom of the people by gradual and silent encroachments of those in power than by violent and sudden usurpations.”
James Madison
"Congress and the Senate were empty pretences, farces. Public questions were gravely debated and passed upon according to the old forms, while in reality all that was done was to give the stamp of constitutional procedure to the mandates of the Oligarchy."
Jack London, The Iron Heel
“I may not agree with you, but I will defend to the death your right to make an ass of yourself”.
Oscar Wilde
Stocks drifted higher on very light, non-committal algorithmic trading.
Gold and silver gained back some of the smackdown from last week.
The Dollar broke 93 and went out on the lows of the day.
The economy continues to bifurcate on Fed subsidies to the moneyed interests, lacking in all vitality and organic grow as demonstrated by the velocity of money.
There will be a stock market option expiration this week. Maybe this will liven things up.
I am trading very little now in this quiet market. I've made my money for the year, and then some.
I don't want boredom to cause me to give any portion of it back.
I remember one time waiting in a casino for someone that cost me about a thousand dollars. lol
Get right and sit tight.
The stock market is going to correct, and probably quite hard.
It may not happen until the fall, closer to the election or shortly thereafter.
The oligarchy is audacious. And shameless.
Have a pleasant evening.
