Licensed, build that nation’s fate.
The harlot’s cry from street to street
Shall weave old England’s winding-sheet.
The winner’s shout, the loser’s curse,
Dance before dead England’s hearse."
William Blake, Auguries of Innocence, 1863
“In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.”
Rüdiger Dornbusch, Macroeconomics
"A fascist is one whose lust for money or power is combined with such an intensity of intolerance toward those of other races, parties, classes, religions, cultures, regions or nations as to make him ruthless in his use of deceit or violence to attain his ends. The supreme god of a fascist, to which his ends are directed, may be money or power; may be a race or a class; may be a military, clique or an economic group; or may be a culture, religion, or a political party."
Henry Wallace, The Danger of American Fascism, 1944
"Indeed, I think the reissue of the dollar, with a few zeros gone, is inevitable. It is the timing of that event that is problematic. It could be one year, or it could be fifty years. There is a big difference there for your investment strategy. But one day you will go the ATM and the dollars will be Blue, not Green— and you will get less than you expected.”
Jesse, Deflation, Hyperinflation, Stagflation, 16 April 2011
"He's mad, that trusts in the tameness of a wolf,
a horse's health, a boy's love, or a whore's oath."
William Shakespeare, King Lear 1943-1945
Today was a strange kind of day. The markets show a little activity early on, and then became listless, almost semi-comatose.
I figure something big is going to be happening soon and the insiders are not sure how to bet it.
But maybe its just spring fever.
Maybe people on Wall Street are starting to believe Donnie's tariff breakthrough baloney.
Down most of the day, as usual equities managed to level up to finish about unchanged.
Gold and silver bounced after the almost senseless, brutal takedown around the FOMC non-event.
VIX is low enough to where a correction soon seems likely.
The Dollar managed to hold on to the 100 handle.
The DXY index is somewhat misleading because it is so heavily weighed to the euro, and not much else.
Gold is a better indicator of the dollar and of any other currency.
Which is why the stooges and their paymasters hate it.
I have been surprised over the years how little sound arguments heavily based on facts will move people on a particular subject.
But an obvious dollop of fanciful propaganda will stand fast in their minds with the strength of the Himalayas.
People will ignore things until they cannot help it, usually when reality smashes into their face.
I think it has a lot to do with neurotically enhanced priorities. Yes, I want to be rich, but even more than that, I want to have more and be better than those others.
And, in the end, they will tear them down to do it.
Why do people seem to almost enjoy stealing from, abusing and even killing the weak and the poor?
Dietrich Bonhoeffer has some things to say about this, his own experience speaking with the German public, as they slid enthusiastically into the abyss.
There is only one who is good, and true, and in the end you do it for that. Oaths are meant to be kept, without the incentive of worldly rewards.
Have a pleasant weekend.
