Such ‘wisdom’ does not come down from heaven but is earthly, nonspiritual, demonic. For where you have envy and selfish ambition, there you find disorder and every evil practice. The wisdom that comes from heaven is first of all pure; then peaceful, considerate, reasonable, full of mercy and good fruit, free from prejudice and hypocrisy."
James 3:13-17
"This elite-generated social control maintains the status quo because the status quo benefits and validates those who created and sit atop it. People rise to prominence when they parrot the orthodoxy rather than critically analyze it. Intellectual regurgitation is prized over independent thought. Voices of the dispossessed, different, and un(formally)educated are neglected regardless of their morality, import, and validity.
Real change in politics or society cannot occur under the orthodoxy because if it did, it would threaten the legitimacy of the professional class and all of the systems that helped them achieve their status."
Kristine Mattis, The Cult of the Professional Class
“Believe in truth. To abandon facts is to abandon freedom. If nothing is true, then no one can criticize power, because there is no basis upon which to do so. If nothing is true, then all is spectacle. The biggest wallet pays for the most blinding lights. Fascists rejected reason in the name of will, denying objective truth in favor of a glorious myth articulated by leaders who claimed to give voice to the people."
Timothy Snyder, On Tyranny
"Stupidity has a knack of getting its way; as we should see if we were not always so much wrapped up in ourselves. In this respect our townsfolk were like everybody else, wrapped up in themselves; in other words they were human: they did not believe in plagues."
Albert Camus, The Plague
"But now we are witnessing a transformation: 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, The Discreet Charm of Nihilism
"The rich man replied, ‘No, Father Abraham! But if someone is sent to them from the dead, then they will repent of their sins and turn to God.’ But Abraham said, ‘If they won’t listen to Moses and the prophets, they will not be persuaded, even if someone rises from the dead.’”
Luke 16:30-31
Stocks attempted to rally today, but then dropped with the broader stock index leading the way down. Again.
Thus ends September, with the worst month for stocks since the pandemic began.
Gold and silver were both sharply higher after the most recent slamdown we'll call 'Mini-me.'
The Dollar finished slightly lower but still has a firm grasp on the 94 handle.
I have included the 5 year USD chart so you can see where things stand in the broader context.
And so this is the month end, we should be looking forward to another Non-Farm Payrolls report.
The scandal of dodgy trading by highly placed Fed officials actively trading in the very financial assets that they were shoving around continues to deepen, despite some largely cosmetic damage control.
What is shocking is not that so many are losing their way, although in some cases it is surprising.
But what is stunning is that they give themselves away for so little, for something and someone so unworthy.
Have a pleasant evening.
