15 February 2023

Stocks and Precious Metals Charts - The Slow Manifestation and Sanctification of Lawlessness

 

"It is always the soul that dies first, even if it's departure goes unnoticed.  And it always carries the body along with it.  Man is nourished by the invisible, man is nourished by that which is beyond the personal.  He dies from preferring the opposite."

Jacques Lusseyran, Poetry at Buchenwald

"It is not the world that is a source of evil, but the willfulness of our hearts, made hard with pride.  Only love is creative and productive.   Only love is accepting and uplifting, able to bring all things forward to His plan and make them new.   Love consecrates, while sin desecrates and destroys in its lust for possession and the will to power.

God is the essence of all existence, which is His love. The pity for those who would otherwise be faithful, then, is not to love."

Jesse, 24 June 2015

"At first, the love of money, and then that of power began to prevail, and these became, as it were, the sources of every evil. For avarice subverted honesty, integrity and other honorable principles and, in their stead, inculcated pride, inhumanity, contempt of religion and general venality.  Ambition prompted many to become deceitful; to keep one thing concealed in the breast and another ready on the tongue; to estimate friendships and enmities, not by their worth, but according to interest; and to carry rather a specious countenance than an honest heart."

Sallust, Conspiracy of Cataline

"Dallas Fed President, Robert Kaplan, wasn’t just trading like an aggressive hedge fund kingpin in 2020, he’s been doing the same thing for five years at the Dallas Fed while simultaneously having access to non-public, market moving information from the Federal Reserve’s interest-rate setting FOMC meetings and other confidential communications."

Martens, Trading Like a Hedge Fund Kingpin for Five Years while President of the Dallas Fed; a Dozen Legal Safeguards Failed to Stop Him

“In keeping silent about evil, in burying it so deep within us that no sign of it appears on the surface, we are implanting it, and it will rise up a thousand fold in the future.  When we neither punish nor reproach evildoers, we are not simply protecting their trivial old age, we are thereby ripping the foundations of justice from beneath new generations."

Aleksandr I. Solzhenitsyn, The Gulag Archipelago 1918–1956


Stocks were slumping this morning from the better than expected retail sales numbers.

Now that they have inflated an asset bubble, further enriching their powerful patrons, they are set to balance things out by suppressing the real economy, which has been so sadly neglected for so long.

The Dollar rallied, while gold and silver were further pressed down into a correction.

 The VIX fell.  Our pride in our exceptionalism knows few bounds.

There is no way to tell if this is done and overdone yet, but we seem to be drawing closer.

More shenanigan are on deck, no doubt. 

And beyond the markets, the recent derailment of a train bearing hazardous chemicals in Ohio, from a rail industry that has been resisting safety and reform and the investment in infrastructure, should give you some indication that in the name of profit, the moneyed interests will burn you and your family to the ground, in there is a profit without consequences in it.

And then there are the steady drumbeats and perpetual foment to war.

Their greed is without limit.  Their serial lawlessness prevails.  

They cynically resist all efforts to change, and be made whole.

Have a pleasant evening.