What is truth? This could be the vulgar motto for the generation that is passing. Truth is whatever we say it is, and woe to any who dare to disagree with the lie, or bring any light to our fanciful imaginings. The children of the darkness of this world will hate them for it. For they are given over to greed and power, not truth."
Jesse, What Is Truth, 15 June 2016
“The more power a government has, the more it can act arbitrarily according to the whims and desires of the elite, the more it will make war on others and murder its foreign and domestic subjects. And for the elite to sufficiently coalesce to commit itself to murdering its own citizens, there must be a near fanatical, driving interest.
Power can now achieve its potential. Where also the elite have built up frustrations regarding those who have lost power or nonetheless feel threatened by them, where they see them as outside the moral universe, where they have dehumanized them, where the outgroup is culturally or ethnically distinct and the elite perceive them as inferior, or where any other such factors are present, Power will achieve its murderous potential. It simply waits for an excuse, an event of some sort, an assassination, a massacre in a neighboring country, an attempted coup, a famine, or a natural disaster, that will justify beginning the murder en masse.
R. J. Rummel, Death By Government, 1994
“Religion used to be the opium of the people. To those suffering humiliation, pain, illness, and serfdom, religion promised the reward of an after life. But now, we are witnessing a transformation: a true opium of the people is the belief in nothingness after death, the huge solace, the huge comfort of thinking that for our betrayals, our greed, our cowardice, our murders, we are not going to be judged.”
Czeslaw Milosz, Discreet Charm of Nihilism
The equity rally fizzled in the big dogs, aka The Magnificent Seven of tech, grandchildren of the Nifty Fifty, but did spread to the lesser knowns of the Russell 2000.
Gold and silver rallied again, as the The Dollar weakened further.
Gold did give up quite a bit of its gain, but silver stood firm impressively.
VIX bounced a little but remains subdued.
Stock Index option expiration in a triple witch tomorrow.
At some point the most recent gold pool is going to collapse, and the metal may see $100+ rally days.
But until then we can only watch the elites attempting to breath some life back into an obvious equity bubble.
Is this for the year end, a traditional hand off to the bigger fools, or something presaging a miraculous 'soft landing' in which inflation subsides while the economy grows with vigor.
Will otherwise good, educated people throw away their morals, and join the forces of pillage and murder?
Be as mindful of your own soul as your coin purse and stock portfolio, for that is what this is all about.
Have a pleasant evening.
