"Nazism and Communism imagine themselves as exact opposites. They are at each other’s throats wherever they exist all over the world. They actually breed each other; for the reaction against Communism is Nazism, and beneath Nazism or Fascism Communism stirs convulsively. Yet they are similar in all essentials.
There are, of course, differences between the dictatorships. Yet they are largely discounted by one significant fact. It is easy to imagine Mussolini or Hitler as head of a Communist State or Stalin as Fascist Duce or Führer. Nothing in Communism or Fascism, as we know them, or in the characters and records of these three men, makes such a situation incredible."
Winston Churchill, The Infernal Twins, Colliers, 3 July 1937
"To sin by silence, when they should protest, makes cowards of men."
Ella Wheeler Wilcox, An Ambitious Man, 1896
"However combinations or associations of the above description [lobbies and special interests] may now and then answer popular ends, they are likely in the course of time and things, to become potent engines, by which cunning, ambitious, and unprincipled men will be enabled to subvert the power of the people and to usurp for themselves the reins of government, destroying afterwards the very engines which have lifted them to unjust dominion. "
George Washington, Farewell Address, September 17, 1796
"Political parties exist to secure responsible government and to execute the will of the people. From these great staffs, both of the old parties have turned aside. Instead of instruments to
promote the general welfare they have become the tools of corrupt interests which use them in martialling to serve their selfish purposes. Behind the ostensible government sits enthroned
an invisible government owing no allegiance and acknowledging no responsibility to the people. To destroy this invisible government, to befoul the unholy alliance between corrupt business and
corrupt politics is the first task of the statesmanship of the day."
Theodore Roosevelt, The Progressive Covenant with the People, August 6, 1912
Stocks did a little wash and rinse today, moving lower initially and then rallying back in the quiet of the afternoon, with a fade into the close.
There was a whopping downward revision to the BLS Jobs numbers from last year. Makes sense, since the Trumpeters can pin that on Biden, and hopefully add some back once Donnie gets his rate cuts.
Gold and silver popped initially with gold cracking up through its intermediate measuring objective at 3710, but then fell back into the afternoon.
I find it almost amazing how boldly Trump's cabinet members lie to the people. Yes, all politicians lie, but generally it is the exception and not the rule. And there is always an element of 'shame' to it.
Not anymore. Lying is now a duty to the Commander, even when it doesn't matter, or is counter-productive.
And the manner in which the mask has fallen away from the madness of governments is stunning, even moreso for the lengths to which some will bend their minds and hearts to excuse obvious sadism, dishonesty, injustice, and murder.
This helps to explain the moves of investors and other nations into the safe havens of gold and silver. If you own it, it doesn't lie. It has no counterparty risks. It is without time limits and expiration.
“Gold is money. Everything else is credit.”
J. P. Morgan, Testimony to the US Congress, 1912
In comparison crypto, although popular, is fragile, untested by time, and subject to the whims of a wealthy and powerful few who operate largely in secret.
Maybe I am wrong, and time will prove it so. But it remains to be seen, and I'll believe it when I see it.
"Gold has worked down from Alexander's time. When something holds good for two thousand years I do not believe it can be so because of prejudice or mistaken theory."Politicians lie, but gold and silver do not. And therein lies a potential safe haven for many.
Bernard Baruch
Have a pleasant evening.
