William Hazlitt
"If at the start this cancerous growth in the nation was not particularly noticeable, it was only because there were still enough forces at work that operated for the good, so that it was kept under control. As it grew larger, however, and finally in an ultimate spurt of growth attained ruling power, the tumor broke open, as it were, and infected the whole body. The greater part of its former opponents went into hiding. The German intellectuals fled to their cellars, there, like plants struggling in the dark, away from light and sun, gradually to choke to death.
Now the end is at hand. Now it is our task to find one another again, to spread information from person to person, to keep a steady purpose, and to allow ourselves no rest until the last man is persuaded of the urgent need of his struggle against this system. When thus a wave of unrest goes through the land, when 'it is in the air,' when many join the cause, then in a great final effort this system can be shaken off."
White Rose, Second Leaflet, Munich, 1942
"The period of financial distress is a gradual decline after the peak of a speculative bubble that precedes the final and massive panic and crash, driven by the insiders having exited but the sucker outsiders hanging on hoping for a revival, but finally giving up in the final collapse."
Charles Kindleberger
Stocks slumped back down to support.
Gold and silver were hit hard once again.
As a reminder there is an option expiration on Friday.
A big slug of physical showed up in Hong Kong to replenish their dwindling inventory.
Funny how this always seems to happen after a major raid on the price of gold in London and New York.
Gold is moving from West to East, and it may not return in our lifetimes.
The Dollar closed once again just shy of the 108 handle on the DX index.
VIX moved slightly higher.
The banksters are going to be launching their own national stock exchange MEMX.
Have a pleasant evening.
