29 October 2017

Hysteria Used to Censor Progressive and Counter-Corporate Messaging


"The ruling elites, who grasp that the reigning ideology of global corporate capitalism and imperial expansion no longer has moral or intellectual credibility, have mounted a campaign to shut down the platforms given to their critics. The attacks within this campaign include blacklisting, censorship and slandering dissidents as foreign agents for Russia and purveyors of “fake news.”

No dominant class can long retain control when the credibility of the ideas that justify its existence evaporates. It is forced, at that point, to resort to crude forms of coercion, intimidation and censorship. This ideological collapse in the United States has transformed those of us who attack the corporate state into a potent threat, not because we reach large numbers of people, and certainly not because we spread Russian propaganda, but because the elites no longer have a plausible counterargument."

Chris Hedges, Silencing Dissent

This is the logical progression of the credibility trap.

When one has no credible counter-argument to facts and logically framed critiques, the resort is too often to ad hominem attacks, smearing, and suppression up to and including censorship. 

This is the reaction of careerists and ideologues when there is a perceived power imbalance, that is, when they think that they can get away with it.






27 October 2017

Stocks and Precious Metals Charts - FANG'd


"Und der Haifisch, der hat Zähne
und die trägt er im Gesicht
und Macheath, der hat ein Messer
doch das Messer sieht man nicht."

Berthold Brecht, Die Moritat von Mackie Messer, 1928

The results after the bell last night from the usual big cap tech suspects lit a fire until the Nasdaq 100, as you can see from the chart below.

That is the look of real pain for the big cap tech bears.

There will be an FOMC meeting next week. President Trump has also indicated that he will be naming the next Fed Chair.

And as usual with the beginning of a new month, we will be having a Non-Farm Payrolls Report on Friday November 3.

Have a pleasant weekend.



What Really Happened - How the Democratic Party Establishment Sold Its Soul and Lost the Election


"O, what a tangled web we weave
when first we practise to deceive!"

Sir Walter Scott, Marmion; A Tale of Flodden Field


"Constantly choosing the lesser of two evils is still choosing evil."

Jerry Garcia