26 October 2012

Gold Daily And Silver Weekly Charts - Orwell's Final Warning


The endgame of deception continues.

Have a pleasant weekend.

See you Sunday evening.









Social Classes in 1984
The Theory and Practice of Oligarchical Collectivism
by Emmanuel Goldstein (George Orwell)

"...if leisure and security were enjoyed by all alike, the great mass of human beings who are normally stupefied by poverty would learn to think for themselves, become politically conscious and so depose the ruling oligarchy; therefore, in the long run, a hierarchical society is only possible on a basis of poverty and ignorance.

Given that large-scale, mechanised production could not be eliminated once invented, the Party arranges the destruction of surplus goods, before that makes the masses too comfortable, and hence, in the long run, too intelligent.

Hence perpetual war is always so planned as to eat up any surplus that might exist after meeting the bare needs of the population. It is a deliberate policy to keep even the favoured groups somewhere near the brink of hardship, because a general state of scarcity increases the importance of small privileges and thus magnifies the distinction between one group and another...

The essence of oligarchical rule is not father-to-son inheritance, but the persistence of a certain world-view and a certain way of life... A ruling group is a ruling group so long as it can nominate its successors...

Who wields power is not important, provided that the hierarchical structure remains always the same.”




The Socio-Political Continuum
By Jesse

A credibility trap is when the regulatory, political and informational functions of a society have been compromised by corruption and fraud, so that the leadership cannot effectively reform or even honestly address the situation without impairing and implicating, at least incidentally, a broad swath of the power structure, including themselves.

The status quo tolerates the corruption and the fraud because they have profited at least indirectly from it, and would like to continue to do so. Even relatively honest reformers within the power structure become susceptible to various forms of soft blackmail and coercion.

And so a failed policy and its support system become almost self-sustaining, long after it is seen by the people to have failed, and in failing become counterproductive.  Admitting failure is not an option for those who receive their power from that system.

The continuity of the structural hierarchy must therefore be maintained at all costs, even to the point of becoming a blatant hypocrisy.





Point Zero of Systemic Collapse
By Chris Hedges

"...We stand on the cusp of one of the bleakest periods in human history when the bright lights of a civilization blink out and we will descend for decades, if not centuries, into barbarity.

The elites have successfully convinced us that we no longer have the capacity to understand the revealed truths presented before us or to fight back against the chaos caused by economic and environmental catastrophe. As long as the mass of bewildered and frightened people, fed images that permit them to perpetually hallucinate, exist in this state of barbarism, they may periodically strike out with a blind fury against increased state repression, widespread poverty and food shortages.

But they will lack the ability and self-confidence to challenge in big and small ways the structures of control. The fantasy of widespread popular revolts and mass movements breaking the hegemony of the corporate state is just that – a fantasy."


SP 500 and NDX Futures Daily Charts - An Organized Hypocrisy


Markets were stunned in the overnight by weak reports by APPL and AMZN.

GDP came in much better than expected today, although I have to admit my expectations were in the less than 1 range along with quite a few economists.

I hear today that in response to Colin Powell's endorsement of Obama based largely on his foreign policy views, John McCain came out and denounced Colin Powell as 'he got us into Iraq.'

Well, if firefighters, police officers and other first responders can be defamed as parasites who do not hold 'real jobs' when it comes time to pay them, then I suppose that these same politicians can also rewrite history to take the responsibility for the war in Iraq away from Bush and Cheney. Why not, when whatever one chooses to believe is real.

It used to be that a politician had trouble changing their positions every four months, without being labeled as a 'flip-flopper' or a hypocrite. Now it seems to be a winning practice to change your positions, radically I might add, every four hours, depending on who you are speaking with and what they might wish to hear.  And the bigger and more astonishing the lie, the better they seem to like it.

I was discussing the markets a bit last night via email with the maven of finance, Yves Smith.

Today the words that I was reaching for finally came to me today when I was thinking along similar lines concerning the financial and political systems in general.

The US markets today are an organized hypocrisy.

You may recall the earlier use of this same label by Benjamin Disraeli in describing the government of the day. I think it applies rather well now.

We shall have to keep an eye on Hurricane Sandy as it works its way up the east coast of the US towards the left hand of the Anglo-American banking cartel.

Have a pleasant evening.





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