"Structural deep events are events which violate the American social structure, have a major impact on American society,
repeatedly involve lawbreaking or violence, and in many cases proceed from an unknown dark force.”
Peter Dale Scott, Deep Politics
"People with advantages are loathe to believe that they just happen to be people with advantages. They come readily to define themselves as inherently worthy of what they possess; they come to believe themselves 'naturally' elite; and, in fact, to imagine their possessions and their privileges as natural extensions of their own elite selves. The idea of the elite as composed of men and women having a finer moral character is an ideology of the elite.”
C. Wright Mills, The Power Elite
"The end of Bretton Woods was a pivotal moment in the history of the US deep state. The
1960’s and 1970’s saw something of a civil war within America’s deep political system. The
systemically destabilizing effects of Vietnam War spending created a conflict between 'Prussians' and 'traders,' i.e., neoconservatives and neoliberals.
The subsequent Petrodollar/US
Treasury Bill standard replaced the Bretton Woods gold standard and formed one of the two
pillars of the subsequent Dollar-Wall Street Regime. This system gave the US the Rumpelstiltskin power to create credit that the rest of the world would have to treat as being 'as good as gold.'
Only a small number of economists and insiders recognized this at the time
and in subsequent years. This historically unprecedented power led to the reconciling of the
neoliberal and neoconservative interests by facilitating US dominance of world trade and endless
deficits for military spending."
Aaron Good, American Exception: Empire and the Deep State
Apparently the economic GDP data this morning was a bit too good, but the financial report from chip titan Micron was just too bad, as in laying off ten percent of their work force bad.
A little good, a little bad. And so the markets dumped hard.
The Dollar edged up slightly.
Gold and silver were just hammered.
Gold is in a range within a flag formation.
Be careful to watch which way it breaks.
Most of the markets came back off the intraday lows and finished up at some reasonable support level.
A classic wash and rinse in the traditional Santa Claus rally space.
Is there some lesson for us here?
What will the masters of the universe think of next.
Need little, want less, love more. For those who abide in love abide in God, and God in them.
And that is what this is all about.
Have a pleasant evening.
