08 January 2013

Chris Hedges: Propaganda, Endless War, Repression, Greed, and Betrayal


“If you can feel that staying human is worth while, even when it can't have any practical result whatsoever, you've beaten them.”

George Orwell

This video below is not new, but someone asked me for a summary of Chris Hedges' narrative of modern US history, and what he sees as the dwindling death of the American dream.

This video is a fairly decent example. I obviously do not agree with everything Hedges says. But I find his perspective much more plausible than other 'alternative histories' and viewpoints that come from left of center, and certainly moreso than those from the right.

I look at the political party to which I had belonged for most of my life, and I am disbelieving and ashamed. But I can find no easy home in the other. There are few places for the independent thinker to rest their head in rational moderation with decency. Hysteria, polarization, and division seem to be the order of the day.

I do not think that things will change until they get bad enough, and then we will finally see the change that will be required to forge a sustainable economic recovery.

Enjoy.



"We who lived in concentration camps can remember the men who walked through the huts comforting others, giving away their last piece of bread. They may have been few in number, but they offer sufficient proof that everything can be taken from a man but one thing: the last of the human freedoms -- to choose one's attitude in any given set of circumstances, to choose one's own way.”

Viktor E. Frankl


"Upon her recent passing at the age of 76, I took the opportunity to reread Bubby's memoirs. In four different instances, my grandmother had stood—amid the smoke of the crematoriums, the barking dogs, the trampling boots and swinging clubs—on the infamous "selection line" at the head of which Mengele and his minions stood, pointing left and right, sentencing some to back-breaking labor, and sending others to the gas chambers. In each of those instances, somebody would come along and say or do something that would change Bubby's fate from certain death to tenuous life. In one such incident, she already had been sent to the line of those marked for death when a man appeared as if from nowhere, physically removed her from that line and shoved her into the other, without saying a word.

Indeed, the miracles and the mysteries of the events of those days abound along with the horrors and the tragedies. In contrast to the vile actions of the "Angel of Death" were the noble and heroic actions of many "Angels of Life" who stood ready to risk their own lives for the sake of saving that of a stranger.

It is thanks in no small part to "Angels" like these, who stepped out from behind their own misery and grief to come to the aid of others, that generations now live on to tell the story. How clearly we see the infinite ripple effects of single acts of kindness and compassion, even if accomplished in a split second..."

Yossi Refson, Angels of Light


"Maximilian Kolbe, a Polish Franciscan friar, provided shelter to refugees from Greater Poland, including 2,000 Jews whom he hid from Nazi persecution in his friary in Niepokalanów. He was also active as a radio amateur, with Polish call letters SP3RN, vilifying Nazi activities through his reports.

On February 17, 1941 Kolbe was arrested by the German Gestapo and imprisoned in the Pawiak prison, and on May 25 was transferred to Auschwitz I as prisoner #16670.

In July 1941 a man from Kolbe’s barracks vanished, prompting SS-Hauptsturmführer Karl Fritzsch, the deputy camp commander, to pick 10 men from the same barracks to be starved to death in Block 13 (notorious for torture), in order to deter further escape attempts. One of the selected men, Franciszek Gajowniczek, cried out, lamenting his family ["My poor wife! My poor children! What will they do?"], and Kolbe volunteered to take his place.

During the time in the cell he led the men in songs and prayer. After three weeks of dehydration and starvation, only Kolbe and three others were still alive. Finally he was murdered with an injection of carbolic acid [14 August 1941] ...

Kolbe is one of ten 20th-century martyrs from across the world who are depicted in statues above the Great West Door of Westminster Abbey, London."

Jewish Virtual Library, Maximilian Kolbe

Gold Daily and Silver Weekly Charts


A nice bounce today.

The manipulation that we have seen since December is still holding on a bit.

We may hit a rough patch when the debt ceiling discussions begin in earnest in late January or February.




SP 500 and NDX Futures Daily Charts


I think the US equity market is in for a stiff correction sometime in the first quarter. It will probably be tied in with the debt ceiling fandango.

Alcoa put in respectable results after the bell.





07 January 2013

Gold Daily and Silver Weekly Charts - The Silly Season


“So comes snow after fire, and even dragons have their endings.”

J.R.R. Tolkien, The Hobbit


"This empire, unlike any other in the history of the world, has been built primarily through economic manipulation, through cheating, through fraud, through seducing people into our way of life, through the economic hit men."

John Perkins

Earnings season tomorrow after the bell with Alcoa.

The silly season continues as the debt ceiling has caught the can which was kicked down the road by the fiscal cliff.

It will only get stupider as the year goes on.

You can read some commentary about 'The Platinum Coin' if you scroll down for the last few postings.

I suspect strongly that this is all jawboning and political posturing. Who can take these jokers seriously excepting for the power of the office that they hold? The approval rating for Congress is around a disgraceful ten percent. But since they do not care what the people think, but only those few wealthy patrons who pay them their millions in contributions, it ought not surprise us all that much.

But in the interest of keeping it 'real' I think that all those who promote this Platinum Coin idea should be paid this year with a nice shiny single platinum coin, as a symbol in lieu of their normal salary.

Perhaps that will help them to understand why people who have saved their money and are receiving almost no interest for it are so aghast at this latest frivolous idea coming down from the economic sophisticates and their fellow travelers.

The lying and looting will continue until confidence improves.