Stocks and Precious Metals Charts - J'attendrai

 

"This elite-generated social control maintains the status quo because the status quo benefits and validates those who created and sit atop it.  People rise to prominence when they parrot the orthodoxy rather than critically analyze it.  Intellectual regurgitation is prized over independent thought.  Voices of the dispossessed, different, and un(formally)educated are neglected regardless of their morality, import, and validity.

Real change in politics or society cannot occur under the orthodoxy because if it did, it would threaten the legitimacy of the professional class and all of the systems that helped them achieve their status...

Even Alan Greenspan admits that neoclassical economics has flaws in theory and practice, yet it continues to be the dominant model at universities and in society.  The faulty belief in the uber-rational, self-interested homo economicus probably persists mainly because it is a projection of the people who inhabit the privileged class.

Corporate externalization of costs are absorbed by society and forgotten when heralding the successes of industrialists and capitalists.  Resource extraction and environmental degradation, which are part and parcel of production, consumption, and consequently, economic growth, are downplayed or ignored."

Kristine Mattis, The Cult of the Professional Class, CounterPunch, 2016


The markets are waiting to see the Non-Farm Payrolls number tomorrow.

And so must we.

With an eye on the horizon of geopolitical events.

Have a pleasant evening.