“We have always known that heedless self interest was bad morals, we now know that it is bad economics. The liberty of a democracy is not safe if the people tolerated the growth of private power to a point where it becomes stronger than the democratic state itself. That in its essence is fascism: ownership of government by an individual, by a group, or any controlling private power.
We had to struggle with the old enemies of peace—business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering. They had begun to consider the Government of the United States as a mere appendage to their own affairs.
We know now that Government by organized money is just as dangerous as Government by organized mob. Never before in all our history have these forces been so united against one candidate as they stand today. They are unanimous in their hate for me— and I welcome their hatred.”
Franklin D. Roosevelt, Campaign Address, Madison Square Garden, October 31, 1936
"Truth and the hatred of truth have come into our world together. As soon as truth appears, it is regarded as an enemy.”
Tertullian, Apology, Carthage 197
"Owe no one anything except the love you owe one another, for he who loves another has fulfilled the law. For the commandments, 'You shall not commit adultery,' 'You shall not murder,' 'You shall not steal,' 'You shall not bear false witness,' 'You shall not covet,' and any other commandment, are all summed up in this saying, namely, 'You shall love your neighbor as yourself.' Love does no harm to a neighbor, therefore love is the fulfillment of the law."
Romans 13:8-10
I have a doctor's appointment for Daisy at 4 so I am just posting the charts as they are now.
If anything remarkable happens I will update them when I return.
Otherwise I will do the usual update tomorrow.
There is an obvious bear raid going on in gold and silver against a flat dollar.
Stocks are hovering around unchanged and the VIX is drifting lower.
No fear for the exceptional.
Have a pleasant evening.