“You hypocrites. You know how to interpret the appearance of the earth and the sky; why do you not know how to interpret the present time? Why can you not judge for yourselves what is right?"
Luke 12:54-57
"The undeserving maintain power by promoting hysteria."
Frank Herbert
"Demagogues are willing to do or say anything to gain office or to consolidate their power. Unconstrained by ideology, they have no concern for the consequences of their actions. Anything that serves to make them more powerful is good enough for them — even if the political system that facilitated their rise should be destroyed in the process. They wreck the informal rules of civility that democracies require to survive. Once voters are activated along violent lines and fervently believe the myths propagated by the demagogue, the dam is broken; the ordinary rules of democratic politics no longer apply, and there is no telling what might come next."
Daniel Ziblatt
“Against such foolishness we are defenseless. Reason falls on deaf
ears; facts that contradict one’s prejudgment simply need not be
believed – in such moments the foolish person even becomes critical –
and when facts are irrefutable they are just pushed aside as
inconsequential, as incidental."
Dietrich Bonhoeffer
"Anyone can be misled by a clever person, and no one likes to readily admit that they have been had. It is a sign of character and maturity to realize this, and admit your were deceived, and to demand change and reform. But some cannot do this. It seems as though the more incorrect that the truth shows them to be, the louder and more strident they become in shouting down and denying the reality of the situation. And anyone who denies their fantasies becomes someone to be feared and hated, shunned and eliminated."
Jesse, 18 June 2012
Stocks rebounded strongly today.
Gold and silver rocketed higher after the recent, determined price suppression.
The Dollar slipped back from its recent high.
The VIX continued to move lower, slowly.
It's all about the Benjamins, the stock option expiration today.
Take a good look at the gold futures chart. Notice any patterns?
The option market is a bucket shop.
Nevertheless, we are one exogenous event from a market meltdown.
Dancing on the rim of a volcano, as it were.
People seem determined to embrace their own destruction out of a fit of unrighteous anger, fear, and willfulness.
We'll try to stay out of their way as best we can, and remember them in our prayers.
The madness serves none but itself.
Have a pleasant weekend.
