13 October 2020

Stocks and Precious Metals Charts - The Hollow Men - Life in the Golden Age of Fraud

 

"This is the Golden Age of fraud, an era of general willingness to ignore and justify the wrongdoings of the rich and powerful, which makes every lie bigger and widens its destructive path.”

 Reed Albergotti 

 

"His money came from human misery and death and despair, as always it does.  Yet, there is none to reproach him, neither God nor man, and all fawn upon him and he will be a senator and crowds will laud him and he will have the ear of the President and all will honor his riches and consider him worthier than others." 

Taylor Caldwell 

 

"People of privilege will always risk their complete destruction rather than surrender any material part of their advantage. Intellectual myopia, often called stupidity, is no doubt a reason.  But the privileged also feel that their privileges, however egregious they may seem to others, are a solemn, basic, God-given right." 

John Kenneth Galbraith 

 

“A true opium of the people is the belief in nothingness after death, the huge solace, the huge comfort of thinking that for our betrayals, our greed, our cowardice, our murders, that we are not going to be judged.” 

 Czeslaw Milosz 

 

"With tears in my eyes I tell you now that some may be lost, forever.   For their own desires are the god that they worship.  They boast with pride about things of which they should be ashamed.  They think only about the privileges and glories of this world. " 

Phillipians 3:19-20 

 

There will be a stock index market option expiration on Friday. 

Gold and silver were hit in the currency crosses on the New York open, and the Dollar rallied. 

 I think you have heard my premise before, that there is a growing shortage of physical gold available for delivery. 

From this flows many of the things which we are seeing. 

A collapse of a long standing scheme such as the current gold pool declines slowly, and then suddenly. 

 Be careful of what you put into your minds.   There are those who seek to incite your anger and fear, and thereby change you and influence you to their ends.

This is the golden age all right— of fraud. 

And all the fashionable people are doing it, with a passionate intensity.

Have a pleasant evening.