"There is something on earth greater than arbitrary or despotic power. The lightning has its power, and the whirlwind has its power, and the earthquake has its power; but there is something among men more capable of shaking despotic thrones and that is, the excited and aroused indignation of the whole civilized world."
Daniel Webster, Festival of the Sons of New Hampshire, Boston, November 7, 1849
"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
"Certainly, anyone who has the power to make you absurd has the power to make you unjust."
Voltaire, No.11, Collection des Lettres sur les Miracles, 1765
"It is interesting to contrast the complacency of the career diplomats, at that time most often Americans of privilege, with the agony of the German people as they slowly sunk into the abyss. The lone voices that were raised in protest were suppressed, ridiculed, marginalized, and ignored even in America. To many amoral minds, including especially the capitalists of the free world, Hitler's rise to power was just another business opportunity. Some families rose to greater prominence and power, even in America, on a pile of European corpses."
Jesse, In the Garden of Beasts, 26 September 2011
"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, November 19, 1998
"The people have broken my covenant,
and rebelled against my law. They cry out to me, 'Our God, we know you.' But Israel has rejected what is good, and the enemy will pursue him. They have sown the wind, and they shall reap the whirlwind."
Hosea 8:1-3,7
If they could see what is coming for them, but had no faith to sustain them, no regard for the Lord to guide them, they would almost certainly fall into a panic-stricken state of abject fear and despair.
Stocks were wobbly once again, in a another ranging day, but managed to finish up flat to green.
Gold and especially silver continued to rally. Silver, when it moves, is amazing.
They have been bolting steadily higher since the recent Comex precious metals option expiration.
The chart formations for the metals are active on the charts, and clearly marked.
The Dollar dropped back to just hanging on to the 104 handle.
The VIX fell.
The markets are keenly watching out for the Non-Farm Payrolls report.
This may severely test the metals rally, as it often does.
In the meantime the geopolitical situation is in the red zone, and the markets keep whistling along, focused on the Fed.
The stock markets are one event away from a comprehensive meltdown, that could be impressive.
Have a pleasant evening.
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