“Lawlessness has come out of Babylon, that is, from the elders who were to govern the people as judges. They perverted their thinking; they would not allow their eyes to look to heaven, and did not keep in mind just judgments. How you have grown evil with age. Now have your past sins come to term, passing unjust sentences, condemning the innocent, and freeing the guilty."
Daniel 13:5,9,52-53
"The more power a government has the more it can act arbitrarily according to the whims and desires of the elite, and the more it will make war on others and murder its foreign and domestic subjects."
R. J. Rummel, Death by Government: A History of Mass Murder and Genocide Since 1900
N’en déplaise à ces fous nommés sages de Grèce,
En ce monde il n’est point de parfaite sagesse;
Tous les hommes sont fous, et malgré tous leurs soîns
Ne diffèrent entre eux que du plus ou du moins.
"In spite of every sage whom Greece can show,
Unerring wisdom never dwelt below;
Folly in all of every age we see,
The only difference lies in the degree."
Nicolas Boileau-Despréaux, from Mackay's Madness of Crowds
"This is as old as Babylon, and evil as sin. It is the power of the darkness of the world, and of spiritual wickedness in high places. The only difference is that it is not happening in the past, or in a book, or in some vaguely frightening prophecy— it is happening here and now."
Jesse
The Reserve Bank of Australia only raised rates 25 bp this morning.
And the sages of Wall Street took this as a sign that Aussie is leading the world and that the Fed will shortly be following their lead.
I took it as a sign that we are approaching another sizable wash and rinse.
It does seem to be a recurrent play of our kleptocracy.
And so the spokesmodels and muppets cheered another glorious stock market rally.
The rally was broad based with the Russell showing some team spirit.
Let's see what happened.
Gold and silver have rebounded sharply at least, after the heavy-handed price suppression into the recent Comex option expiration.
Have a pleasant evening.
