In Case You Were Wondering Who the Mainstream Media DOESN'T Support...

Crouching Corn Dogs, Hidden Agendas: The Coverage of the Iowa Straw Poll

Management of the news by the vested interests and status quo could not be more obvious in this case.

The problem with Ron Paul is that agree or disagree with him, he is honest, consistent, and he doesn't sell out his opinions for lobbyist money.

I don't care for some of his positions on civil rights, and the other 'intrusions of government' to protect the rights of people against majorities.

Not every crook carries a gun, and not every man and woman carries their dignity in their wallet. There is such a thing as an overly narrow interpretation of the Constitution. Paul may have moderated on these positions, but I have not yet heard it.

As with Obama, it is difficult and dangerous to assume what someone might do in particular situations and issues if they are elected. He needs to weave that into his overall philosophy to be credible. And he must say where he stands vis a vis other politicians from his wing of the party.

But on the economic front Ron Paul is better than most on several points. And his continual theme of restraining the reach and the expense of the American military involvement is powerful.

Ron Paul has 'third party' written all over him. The status quo of the powerful and their demimonde in the media fear him, and will do all that they can to stifle his message. Given the chance, they will 'Ross Perot' him. What was done to Perot, the real threats to harm his daughter, and then the media circus which painted him as 'a nut' for going public with those threats, was disgraceful.

As you may recall a credibility trap is when an organization cannot perform effective change and reform because it would require them to admit the corruption that exists, thereby placing the powerful insiders who are complicit at risk. So this sort of systemic distortion continues until there is an 'unavoidable crisis' like a war or a domestic event, and the past offenses can be swept under the rug for the sake of expediency in a swell of patriotic fervor.

Ron Paul is one of the few politicians who apparently "didn't take the money." And that makes him dangerous.

"The fight for justice against corruption is never easy. It never has been and never will be. It exacts a toll on our self, our families, our friends, and especially our children. In the end, I believe, as in my case, the price we pay is well worth holding on to our dignity...

We can holler and shout, but we also have to light the lamps that show the corruption, injustice, ineptitude and abuse of power. When we do, you will see the villains scurry into the woodwork the way roaches do when you turn on the light.”

Frank Serpico

The Daily Show With Jon Stewart	Mon - Thurs 11p / 10c
Indecision 2012 - Corn Polled Edition - Ron Paul & the Top Tier
www.thedailyshow.com
Daily Show Full Episodes Political Humor & Satire Blog The Daily Show on Facebook

Gold Daily and Silver Weekly Charts, La Douleur du Monde, and The Fall of Troy

"A shudder in the loins engenders there
The broken wall, the burning roof and tower,
And Agamemnon dead."

William Butler Yeats, Leda and the Swan

No this is not a reference to birth of Greenspan, but to the grand arrangement of the allied powers after the war, the Bretton Woods Agreement, and the birth of the world's still reigning wonder, the world's reserve currency, the dollar.

The partnership of the financiers and the government in the States has taken the reserve currency hostage, turning it to its own purposes starting with the closing of the gold window by Nixon some 40 years ago today, and provoked a long, smoldering currency war.

But behind their slanted walls of mighty Wall Street by the Hudson flowing on the plains, the States have seemed implacable, almost invulnerable. And in their pride so have tempted the wrath of the gods.

Will the rest of the world find a champion to contest with the city on the hill? Many have stood so far and seemingly failed, most recently the son of Aërope.

And in his tent, brooding after a long period of unappreciation, is that legendary champion, Achilleus, armored in gold, with his wily companion, Odysseus, dressed in silver.

Is Bernanke the stalwart Hektor to stand against him, and Timmy the persuasive Paris?

And so the story goes...

SP 500 and NDX Futures Daily Charts - Options Expiration Week

As a reminder this is stock option expiration week.

Stocks were in rally mode today. The volumes were a little lighter than last week's downdrafts. Some might call this a seller's strike.

The key question for the intermediate term, is if this is a bear market rally, or a bull market correction.

The charts may provide us some information there.

The correction from the long rally proceeded as far as it possibly could before it would be called a new bear market.  We are now seeing what might be a technical bounce.

It is the continuation from here, perhaps after this option expiration, that will let us know if this is a bull market correction, or a new bear market. 

I am reasonably sure we will know by October.

Weekend Reading - The Glory of the Human Individual

A relative of my wife's in-laws was called away in her sleep last night, at age 69. She had not been ill. As they say, only God knows the time and the place.

She was still working, to try and make ends meet. She was always cheerful, and always provided the meals for family gatherings. Some of her dishes were legendary.  She was no great person, and the world will not remark her passing. One less old person. And some will say good riddance, just another statistic.

And yet her children and grandchildren are heartbroken and will be missing her greatly. She was a remarkably good wife, a good mother, and a good woman, always.

And her soul will still exist when planets decay and fall from their orbits, and stars burn out, and those who think they are doing God's work will still be regretting their selfish carelessness. And so the individual can be treasured, much more than objects.

Boxed and labeled, and viewed as things, at first a few, and then millions of people, can be efficiently eliminated and burned, and be counted as a mere statistic.

If we have learned nothing in the twentieth century, we should at least remember this, and never forget it. But the darkness, and the madness, will rise again in banal men with hardened hearts and sickened, deformed minds.

"God beholds you individually, whoever you are. He calls you by your name. He sees you and understands you, as He made you. He knows what is in you, all your own peculiar feelings and thoughts, your dispositions and likings, your strength, your weakness.

He views you in your day of rejoicing, and your day of sorrow. He sympathises in your hopes and your temptations. He interests Himself in all your anxieties and remembrances, all the rising and failings of your spirit. He has numbered the very hairs of your head and the height of your stature.

He compasses you round and bears you in His arms; He takes you up and sets you down. He notes your very countenance, whether smiling or in tears, whether healthful or sickly. He looks tenderly upon your hands and your feet; He hears your voice, the beating of your heart, and your very breathing.

You do not love yourself better than He loves you. You cannot shrink from pain more than He dislikes your bearing it; and if He puts it on you, it is as you would put it on yourself, if you would be wise, for a greater good afterwards....

God has created you to do Him some definite service; He has committed some work to you which He has not committed to another. You have your mission -- you may never know it in this life but you shall be told it in the next.

You are a link in a chain, a bond of connection between persons. He has not created you for naught. You shall do good, you shall do His work. You shall be an angel of peace, a preacher of truth in your own place while not intending it if you do but keep His commandments.

Therefore I will trust Him. Whatever I am, I can never be thrown away. If I am in sickness, my sickness may serve Him; in perplexity, my perplexity may serve Him. If I am in sorrow, my sorrow may serve Him. He does nothing in vain. He knows what He is about. He may take away my friends. He may throw me among strangers. He may make me feel desolate, make my spirits sink, hide my future from me -- still He knows what He is about.

May the Lord support us all the day long, till the shades lengthen and the evening comes, and the busy world is hushed, and the fever of life is over, and our work is done.

Then in His mercy may He give us a safe lodging, and a holy rest, and peace at the last."

John Henry Newman

It is easy to lose sight of the humanity of others. The objectification of the individual, the reduction of the person to a placeholder, is at the heart of all prejudice, most hatred, and much injustice..

Some think that a human being is a wonder of creation, one of the few things in all creation that lasts, and that each person has a potential for value and inherent worth, even if not greatness in this world. They are great, they are essential, they are unique, each significant in their own way. But not everyone turns out well.

Crudely and badly developed people tend to diminish the individual with respect to themselves, even if carelessly, often because of how they themselves have been treated, or how they have learned, and they seek to elevate themselves above the crowd whom they privately despise.

They attempt to climb out of the deep well of emptiness and self-deception that they have become by filling the hole in their being with things and people.  And people of this sort of development and viewpoint are always with us, to some degree in their minority. It is how they influence the majority, society as a whole, that is different from time to time, and place to place.

It is the attitude of society towards the individual, and its obligation to protect the weak, the elderly, and the different from the criminals and the unbalanced predators that sets its character out for all to see.

"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed..."

The American Constitution, even with its imperfections in realization over time, is laid on this founding principle, as expressed in the Declaration of Independence.

This is why corporatism is the very antithesis of American liberty.