01 April 2024

Stocks and Precious Metals Charts - The Deathly Grip of The Unspeakable

 

"It is so important to understand that one of the primary means of immobilizing the American people politically today is to hold them in a state of confusion in which anything can be believed but nothing can be known, nothing of significance that is.  And the American people are more than willing to be held in this state because to know the truth - as opposed to only believe the truth - is to face an awful terror and to be no longer able to evade responsibility."

E. Martin Schotz, History Will Not Absolve Us, 1996

The Unspeakable is a term Thomas Merton coined at the heart of the sixties after JFK’s assassination.  What is unrecognized about JFK's presidency, which then makes his assas­sination a false mystery, is that he was locked in a struggle with his national security state.  That state had higher values than obedience to the orders of a president who wanted peace.  It’s unbelievable—or we’re supposed to think it is—that a president was murdered by our own government agencies because he was seeking a more stable peace than relying on nuclear weapons.  It’s unspeakable.  For the sake of a nation that must always be preparing for war, that story must not be told.  If it were, we might learn that peace is possible without making war."

James W. Douglass, JFK and the Unspeakable: Why He Died and Why It Matters, 2008

"No one screams against this hell.   No one protests.   And if they abhor what they see, they do not have the courage to damn the damned.   One alone would not have failed us.   Péguy would have spoken, I hope, he would have let loose his scream.  He is not here, and there is no one else."

André Suarès, 1939

"He who does not shout the truth when he knows it makes himself the accomplice of liars and frauds."

Charles Péguy

“'Come, I will show you the judgment of the great harlot who is seated upon many waters, with whom the rulers of the world have committed sin.'   The woman was arrayed in purple and scarlet, adorned with riches, holding in her hand a golden cup full of idolatry and the impurities of her lawlessness; and on her forehead was written a name of mystery: 'Babylon the great, mother of harlots and of earth’s abominations.'"

Revelation 17:1-6

"On this morning, if I can leave anything with you, let me urge you to be sure that you have a strong boat of faith.  The winds are going to blow.  The storms of disappointment, the agonies and the anguishes of life are coming.  And be sure that your boat is strong, and also be very sure that you have an anchor.  And be very sure that your anchor holds.  It will be dark sometimes, and it will be dismal and trying, and tribulations will come.  But if you have faith in the God that I’m talking about this morning, it doesn’t matter.  For you can stand up amid the storms."

Martin Luther King, Unfulfilled Dreams, Ebenezer Baptist Church, Atlanta, Georgia, 3 March 1968

"For we wrestle not against flesh and blood, but against principalities and powers, against the rulers of the darkness in this world, against spiritual wickedness in high places."

Ephesians 6:12


Stocks were wobbly today, but some late afternoon action took big tech back up to unchanged. 

For the rest of the equity market, not so much. 

Gold and silver futures soared overnight,  but as is customary they were knocked down in the paper trade of New York.

No surprise there.  

It's been a long time coming, it will be a long time gone.

VIX remains subdued.

The Dollar rallied.

The world is staggering towards a vicious and wider war, whether you realize it or not.

The provocations are increasingly obvious, and the cover stories are embarrassingly thin.

I fear that the attack on the Crocus concert, and the recent strike on the Iranian Embassy in Damascus, with the heavy-handed murdering of civilians in Gaza, mark a serious turning point. 

Only madmen and monsters think that they will profit from this.

The madness serves none but itself.

Have a pleasant evening.