27 May 2025

Stocks and Precious Metals Charts - The Well of Deep Politics

 

“C. Wright Mills was among the first to take note of how 'national security' could be invoked by the power elite to more deeply disguise its operations.  Mills wrote in his 1956 masterpiece The Power Elite that America was ruled by those who control the 'strategic command posts' of society—the big corporations, the machinery of the state, and the military establishment.  These dominant cliques were drawn together by their deep mutual stake in the 'permanent war economy' that had emerged during the Cold War.

The crucial task of unifying the power elite, according to Mills, fell to a special subset of the corporate hierarchy—top Wall Street lawyers and investment bankers.   'For the first time in American history, men in authority are talking about an ‘emergency’ without foreseeable end,' Mills wrote.  

In the view of the Dulles brothers, democracy was an enterprise that had to be carefully managed by the right men, not simply left to elected officials as a public trust.  From their earliest days on Wall Street—where they ran Sullivan and Cromwell, the most powerful corporate law firm in the nation—their overriding commitment was always to the circle of accomplished, privileged men whom they saw as the true seat of power in America.

Carl Jung’s portrait of Hitler is as chilling a picture of psychopathology as you will find.  And Hitler was much more fashionable in the social settings that men like Dulles frequented—in England as well as the United States—than it was later comfortable to admit.  Supreme Court Justice Arthur Goldberg, who as a young lawyer served with Allen in the OSS, later declared that both Dulleses were guilty of treason.

After the war, Dulles helped a number of notorious war criminals escape via the 'Nazi ratlines' that ran from Germany, down through Italy, to sanctuary in Latin America, the Middle East, and even the United States.

During the Eisenhower administration, the Dulles brothers would finally be given full license to exercise their power in the global arena.  In the name of defending the free world from Communist tyranny, they would impose an American reign on the world enforced by nuclear terror and cloak-and-dagger brutality.

Allen Dulles was one of the wiliest masters of secret power ever produced by America.  And his most ambitious clandestine efforts were directed not against hostile governments but against his own.  While serving in multiple presidential administrations, he learned to manipulate them and sometimes subvert them.  The drive for absolute control was the only passion that truly gripped Allen Dulles.  Dulles undermined or betrayed every president he served in high office.

On the weekend of the JFK assassination, Dulles hunkered down for unexplained reasons at a secret CIA facility in northern Virginia known as 'the Farm,' despite the fact that he had been removed from the agency two years earlier.

Under Dulles, American's intelligence system had become a dark and invasive force - at home and abroad - violating citizens' privacy, kidnapping, torturing, and killing at will.  His legacy would be carried far into the future by men and women who shared his philosophy about the boundless authority of the national security system's splendid watchmen.

The CIA was empowered not only to engage in the deadly 'spy versus spy' antics against the KGB that became the stuff of Cold War legend but to subvert democratic governments that were deemed insufficiently pro-American and to terminate these government's elected leaders.

The Allen Dulles story continues to haunt the country.  Many of the practices that still provoke bouts of American soul-searching originated during Dulles’s formative rule at the CIA.  Mind control experimentation, torture, political assassination, extraordinary rendition, massive surveillance of U.S. citizens and foreign allies—these were all widely used tools of the Dulles reign.

These were some of James Jesus Angleton’s dying words.  He had not been serving God, after all, when he followed Allen Dulles.  He had been on a satanic quest.  'I did things that, in looking back on my life, I regret. But I was part of it and loved being in it.'  He invoked the names of the high eminences who had run the CIA in his day—Dulles, Helms, Wisner.  These men were 'the grand masters,' he said.  'If you were in a room with them, you were in a room full of people that you had to believe would deservedly end up in hell.'  Angleton took another slow sip from his steaming cup. 'I guess I will see them there soon.'

The Devil’s Chessboard seeks to shine a torch down the well of  'deep politics,' as Peter Dale Scott—an important scholar of American power—has termed this underworld of unaccountable authority.  Until we have a full reckoning of the Dulles era and its high crimes, the country cannot find its way forward."

David Talbot, The Devil's Chessboard: Allen Dulles, the CIA, and the Rise of America's Secret Government, 2015 

"The coming of the lawless will be the work of Satan made manifest in all power and false signs and wonders, and in every wicked deception for those who are perishing because they refused to accept the love of the truth to be saved.  For this reason, God allows them to have a powerful delusion to believe their own lies, that all those who deny the truth and instead take pleasure in lawlessness will be condemned."

2 Thessalonians 2:7-12 

I was reading The Devil's Chessboard by David Talbot over the long weekend.

It is an enlightening look into what we now call the Deep State.  

They had no shame.  None at all.  And very little fear of any consequences. 

Speaking of which, the new centurions of Wall Street were juicing the futures higher in the dull holiday weekend trade, and that enthusiasm carried on to the cash trading today.

Gold and silver were similarly smashed over the weekend.

No surprise there, since today was a futures option expiration on the Comex for precious metals.

VIX slumped as risk assessment was set aside for the MAGAnificent US economy.

The Dollar popped back up a bit.

We may get some follow on action tomorrow.  

I believe Nvidia earnings are out this week.

Things do not look good.  

The looting of the Treasury by the oligarchy accelerates. 

Freedom of speech and assembly is threatened and curtailed to the approving smiles of 'patriots'. 

And the killing and repression of innocents continues. 

But we can surely kick that can down the road, and distract ourselves with passionate words and colorful circuses. 

Have a pleasant evening.