“We have been called to heal wounds, to unite what has fallen apart, and to bring home those who have lost their way. Blessed are they who love their brothers and sisters as much when they are sick, as when they are well and of service. And blessed are they who love their brothers and sisters as well when they are far away, as when they are close. When you leave this earth, you can take nothing that you have received, but only what you have given.” Francis of Assisi
"Rome has grown so much from its humble beginnings that it is now overwhelmed by its greatness."
Titus Livius
"What we have freed ourselves of, however, is any genuine consciousness of how we might look to others on this globe. Most Americans are probably unaware of how Washington exercises its global hegemony, since so much of this activity takes place either in relative secrecy or under comforting rubrics.
Many may, as a start, find it hard to believe that our place in the world even adds up to an empire. But only when we come to see our country as both profiting from and trapped within the structures of an empire of its own making will it be possible for us to explain many elements of the world that otherwise perplex us."
Chalmers Johnson
"We are imperial, and we are in decline."
Lawrence Wilkerson
There was an entry earlier today here showing the trading ranges this year in gold and silver, and the stunning decline in the US Dollar Index.
The markets are winding for a move. I am not sure about stocks, but a large decline this fall would not be a surprise.
Greenspan says that stocks are not excessively valued, but that there is a bubble in bonds. Uh-huh.
If there is a bubble in bonds and it deflates, stocks will be crushed.
Risk is so mispriced in so many ways that is it almost astonishing.
As for gold and silver, the capping this year is obvious.
Let's see if they can maintain it. They will, until they cannot.
As noted below on the economic calendar, there will be a Non-Farm Payrolls Report on this Friday.
“If I had a world of my own, everything would be nonsense. Nothing would be what it is, because everything would be what it isn't. And contrary wise, what is, it wouldn't be. And what it wouldn't be, it would. You see?”
Lewis Carroll, Through the Looking Glass
The Year-To-Date trading range in gold is particularly well-defined, from about 1200 to 1300.
Silver has a less well-defined range, with a secondary declining trend.
The Dollar has just done a swan dive as measured in the DX index.
I would suggest that a breakout in gold will be characterized by a sustained price move above 1300 that manages to hold its ground and advance to take out 1350.
For silver a break above 18.50 would be constructive, although the silver bulls might take *some* encouragement from a successful challenge of the intermediate downtrend which is now around 17.50.
I suspect that the decrease in the value of the Dollar involves a policy move intended to make US exports more competitive, meaning no disrespect to the euro which has been in a corresponding rally based on what, their zombie banking system, or dysfunctional political/economic construct?
Or perhaps it is the reaction of the world to the wild and wacky reign of The Mad Hatter.
“To know and to serve God, of course, is why we’re here, a clear truth, that, like the nose on your face, is near at hand and easily discernible but can make you dizzy if you try to focus on it hard. But a little faith will see you through.
What else will do except faith in such a cynical, corrupt time? When the country goes temporarily to the dogs, cats must learn to be circumspect, walk on fences, sleep in trees, and have faith that all this woofing is not the last word.
What is the last word, then? Gentleness is everywhere in daily life, a sign that faith rules through ordinary things: through cooking and small talk, through storytelling, making love, fishing, tending animals and sweet corn and flowers, through sports, music and books, raising kids — all the places where the gravy soaks in, and grace shines through. Even in a time of elephantine vanity and greed, one never has to look far to see the campfires of gentle people...
What keeps my faith cheerful is the extreme persistence of gentleness and humour. Lacking any other purpose in life, it would be good enough to live for their sake."
Garrison Keillor
In Hoc Anno Domini
By Vermont C. Royster
December 24, 1949
When Saul of Tarsus set out on his journey to Damascus the whole of the known world lay in bondage. There was one state, and it was Rome. There was one master for it all, and he was Tiberius Caesar.
Everywhere there was civil order, for the arm of the Roman law was long. Everywhere there was stability, in government and in society, for the centurions saw that it was so.
But everywhere there was something else, too. There was oppression -- for those who were not the friends of Tiberius Caesar. There was the tax gatherer to take the grain from the fields and the flax from the spindle to feed the legions or to fill the hungry treasury from which divine Caesar gave largess to the people. There was the impressor to find recruits for the circuses. There were executioners to quiet those whom the Emperor proscribed. What was a man for but to serve Caesar?
There was the persecution of men who dared think differently, who heard strange voices or read strange manuscripts. There was enslavement of men whose tribes came not from Rome, disdain for those who did not have the familiar visage. And most of all, there was everywhere a contempt for human life. What, to the strong, was one man more or less in a crowded world?
Then, of a sudden, there was a light in the world, and a man from Galilee saying, Render unto Caesar the things which are Caesar's and unto God the things that are God's.
And the voice from Galilee, which would defy Caesar, offered a new Kingdom in which each man could walk upright and bow to none but his God. Inasmuch as ye have done it unto one of the least of these my brethren, ye have done it unto me. And he sent this gospel of the Kingdom of Man into the uttermost ends of the earth.
So the light came into the world and the men who lived in darkness were afraid, and they tried to lower a curtain so that man would still believe salvation lay with the leaders.
But it came to pass for a while in divers places that the truth did set man free, although the men of darkness were offended and they tried to put out the light. The voice said, Haste ye. Walk while you have the light, lest darkness come upon you, for he that walketh in darkness knoweth not whither he goeth.
Along the road to Damascus the light shone brightly. But afterward Paul of Tarsus, too, was sore afraid. He feared that other Caesars, other prophets, might one day persuade men that man was nothing save a servant unto them, that men might yield up their birthright from God for pottage and walk no more in freedom.
Then might it come to pass that darkness would settle again over the lands and there would be a burning of books and men would think only of what they should eat and what they should wear, and would give heed only to new Caesars and to false prophets. Then might it come to pass that men would not look upward to see even a winter's star in the East, and once more, there would be no light at all in the darkness.
And so Paul, the apostle of the Son of Man, spoke to his brethren, the Galatians, the words he would have us remember afterward in each of the years of his Lord:
Stand fast therefore in the liberty with which Christ has made us free, and be not entangled again with the yoke of bondage.
"Caesar was swimming in blood. Rome and the whole pagan world was mad. But those who had had enough of transgression and madness, those who were trampled upon, those whose lives were misery and oppression, all the weighed down, all the sad, all the unfortunate, came to hear the wonderful tidings of God, who out of love for men had given Himself to be crucified and redeem their sins.
When they found a God whom they could love, they had found that which the society of the time could not give any one— happiness and love."
Henryk Sienkiewicz, Quo Vadis: In the Time of Nero
Let us pray for those whose hearts are hardened against His grace and loving kindness by greed, fear, and pride, and the seductive illusion and crushing isolation of evil.
We pray that we all may experience the three great gifts of our Lord's suffering and triumph: repentance, forgiveness, and thankfulness. And in so doing, may we obtain abundant life, and with it the peace that surpasses all understanding.
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