01 October 2021

Stocks and Precious Metals Charts - A Culture of Delusion and Deceit - Fed Vice Chair Front Running

 

"All men are divided into 'ordinary' and 'extraordinary.'  Ordinary men have to live in submission and have no right to break the law, because, don't you see, they are ordinary.   But extraordinary men have a right to commit any crime and violate and ignore the law in any way they wish, just because they are extraordinary."

Fyodor Dostoevsky, Crime and Punishment 

 

"The narcissist looks down on everyone and exploits people all of his life.  For many narcissists life is all about money and power.  Getting more and giving less is his motto." 

Linda Martinez-Lewi, Narcissist’s Outrageous Self Entitlement

 

"A thriving upper class accepts with a good conscience the sacrifice of untold human beings, who, for its sake, must be reduced and lowered to incomplete human beings, to slaves, to instruments." 

Friedrich Nietzsche, Beyond Good and Evil 

 

"True narcissists are self-serving and lack integrity.  They believe they’re superior and thus not subject to the same rules and norms.  Studies show they’re more likely to act dishonestly to achieve their ends.  They know they’re lying, and it doesn’t bother them.  They don’t feel shame.”

Charles A. O'Reilly, Stanford University

 

"You should thank God for bank bailouts— absolutely required to save your civilization. So I think when you have troubles like that you shouldn't be bitching about a little bailout. You should have been thinking it should have been bigger.   You should thank God the government saved the big banks and their investors.  Now, if you talk about bailouts for everybody else, there comes a place where if you just start bailing out all the individuals instead of telling them to adapt, the culture dies.   Suck it in and cope." 

Charlie Munger, Christian Science Monitor, September 30, 2010

 

Stocks rebounded today as the VIX, a measure of perceived risk, fell.

Gold and silver rallied.

The Dollar dropped but managed to hang on to the 94 handle with its fingernails.

Just another day in the 'hood with the hoods.

Adding to the list, it seems Fed Vice Chair Clarida was insider trading Powell's statement on the pandemic.

October is a seasonally riskier month.

Need little, want less, love more.  For those who abide in love abide in God, and God in them.

Have a pleasant weekend.