15 October 2020

Stocks and Precious Metals Charts - And the Love of Most Will Grow Cold


"These people come near to me with their mouth and honor me with their lips, but their hearts are far from me."  

Isaiah 29:13 


"The U.S. went off the gold standard in August 1971.  With no benchmark, central banks could print money and debase currencies.  That opened the door for huge bailouts after big banks screwed up in a big way. Taxpayers—not incompetent bankers—paid the price.  

By [the late 1980’s], the Federal Reserve Bank and large U.S. banks had established a pattern to control the public relations damage each time banks had a major screw-up: accountants and regulators let banks lie about the size of the problem to stall for time; the Federal Reserve blew smoke at the media; finally, the Fed would bail out the banks in a way that most taxpayers would not understand.  

Banks didn’t have to get smarter or more competent.  The Fed trained the banks that uninformed taxpayers would eat the losses, and fake accounting would let bank officers keep their positions and their money." 

Janet Tavakoli, Decisions: Life and Death on Wall Street 


"Beware the leaven of the Pharisees, which is hollow hypocrisy. There is nothing covered that shall not be revealed, and hidden, that shall not be made known. Whatever has been said in the darkness shall be heard in the light: and what has been whispered behind closed doors shall be shouted from the roof tops." 

Luke 12:1-3 

Stocks were off to a rocky start today, but managed to gain back much of their losses into the close.

The cheerleaders and spokesmodels for Wall Street were pleased.

Gold and silver and the Dollar all rallied today.

If you are not going to be careful about what you read, what you take into your minds and hearts, at least be wary of spreading lies and snares to your friends and children.  

For I have rarely seen such zealous behavior than from those who wish to share their self-deception and sins with others.   

And if you ask them nicely to stop sending this sort of thing to you they say, don't you want to be informed?   And they are angered, because they are not motivated by love, but by anger and self-love and pride.   And they cannot bear to see themselves in the light.

They wish to persuade others in order to ease the voice of their own conscience, that whispers to them, 'this is wrong.' And so they seek distractions, and wallow in them, while they give their hearts away.

Have a pleasant evening.