11 February 2020

Stocks and Precious Metals Charts - What Has Been Hidden Will Be Revealed


“Our country’s cheerleaders are wedded to the notion of American exceptionalism.  But when it comes to the machinations of power, we are all too similar to other societies and ones that have come before us.  There is an implacable brutality to power that is familiar throughout the world and throughout history.”

David Talbot, The Devil's Chessboard


"Another cause of today's instability is that we now have a society in America, Europe and much of the world which is totally dominated by the two elements of sovereignty that are not included in the state structure: control of credit and banking, and the corporation.  These are free of political controls and social responsibility, and they have largely monopolized power in Western Civilization and in American society.

They are ruthlessly going forward to eliminate land, labour, entrepreneurial-managerial skills, and everything else the economists once told us were the chief elements of production.  The only element of production they are concerned with is the one they can control: capital."

Carroll Quigley, The State of the Individual


"In a sane and functioning American republic, this budget would be more than political suicide.  It would be the political equivalent of doing a Rasputin to yourself.   I mean, leaching funds from Medicare?  Cutting the CDC in the middle of a pandemic?  Cutting the EPA by a full quarter of its present budget?  A ballooning deficit? There's something in there to enrage everyone from Bernie Sanders to Simpson and Bowles.

However, on the morning that the president dropped this dead fish on his own foot, people were lined up in the chill rain to attend his rally tonight, at which he will lie barefaced about everything in that budget.  And they will eat up the lies in buckets because this is not a sane and functioning American republic any more."

Charlie Pierce, Trump's Budget: Cutting the CDC in the middle of a pandemic is not viable in a functioning republic


"Journalism is one of the devices whereby industrial autocracy keeps its control over political democracy; it is the day-by-day, between-elections propaganda, whereby the minds of the people are kept in a state of acquiescence, so that when the crisis of an election comes, they go to the polls and cast their ballots for either one of the two candidates of their exploiters."

Upton Sinclair, The Brass Check

In short, we have lost public control over the creation and distribution of our money, and it has fallen into the hands of very clever and determined people without conscience.

Stocks rallied hard in the morning, but faded badly into the afternoon as the euphoria of Davos man returned to a more ordinary consideration of our circumstances.

Gold and silver gained back much of their early losses. The Dollar gave up much of its early gains.
"Gold is at all-time highs versus 2011 in: Aussie Dollar, Canadian Dollar, Euro, Pound, Yen and Rupee.  It is ~ 20% below it’s all time high in US Dollar.  Wait for it——   When we take out $1,900 the world changes."

Lawrence Lepard
Things may not always be as they are portrayed for us. Let us just leave it at that for now.

I am informed that N95 and better filtration face masks do offer some protection from viruses. Not the ordinary surgical masks however.

As you might expect there already has been a 'run' on face masks even here in the US. Some jokers have been buying them up in size, with intentions of selling them at usurious markups later on places like eBay and Amazon.  Nice.

Never fear.  I am sure Trump and His Merry Pranksters have a plan for protecting us all.  Besides cutting funding for medicare and the CDC.  

All four US prosecutors in the Roger Stone witness-tampering and obstruction of justice case have quit from that case after political interference weighed in on the sentencing process.

There is a virtual riot of bad governance around the globe. Not only in the so called third world, as is traditional, but in many of the developed nations, and especially among those that are no longer very developed, but are merely faking it.

One might say that lying and the breaking of oaths by the self-appointed elite has become fashionable. All the worst people are doing it.

And the contagion for this abuse of office is carried through force and example by the great empire of power wielding sociopaths.

Things that have been hidden will be revealed.

Have a pleasant evening.



10 February 2020

Stocks and Precious Metals Charts - A Question of Balance - Reeds, Shaking in the Wind


"Who stands firm?  Only the one for whom the final standard is not his reason, his principles, his conscience, his freedom, his virtue, but who is ready to sacrifice (Latin: an act of worship) all these, when in faith and sole allegiance to God he is called to obedient and responsible action: the responsible person, whose life will be nothing but an answer to God's question and call."

Dietrich Bonhoeffer, Letters and Papers from Prison


“The world says: 'You have needs — satisfy them.  You have as much right as the rich and the mighty.  Don't hesitate to satisfy your needs; indeed, expand your needs and demand more.'  This is the worldly doctrine of today.  And they believe that this is freedom.”

Fyodor Dostoyevsky, The Brothers Karamazov


"One of the elders persevered in a fast of seventy weeks, eating only once a week.  This elder asked God to reveal to him the meaning of a certain Scripture text, but God would not reveal it to him.  So he said to himself: 'Look at all the work I have done without getting anywhere!  I will go to one of the brothers and ask him.'  When he had gone out and was starting on his way an angel of the Lord was sent to him, saying: 'The seventy weeks you fasted did not bring you any closer to God, but now that you have humbled yourself and set out to ask your brother, I am sent to reveal the meaning of that text.'  And he opened to him the meaning which he sought.”

Thomas Merton, Sayings of the Desert Fathers of the Fourth Century

Once again the powers of Davos Man have conquered risk.

This is the exorbitant privilege of the one percent.

Stocks closed at record highs, on less than average volume.

The Dollar and gold rose again, as they was a continuing undercurrent of movement to safe havens.

I have been watching a show on PBS titled Vienna Blood. It is a British-Austrian detective-psychologial series set in Austria in the early 1900s. It is well written and acted.

Fed Chair Powell will be testifying to the Congress again, starting tomorrow.

Get right, sit tight.

Have a pleasant evening.




07 February 2020

Stocks and Precious Metals Charts - Wir Kinder der Hölle - In a Garden of Beasts


Blake, The Whore of Babylon
“Fraud and falsehood only dread examination. Truth invites it. Whoever commits a fraud is guilty not only of the particular injury to him who he deceives, but of the diminution of that confidence which constitutes not only the ease but the existence of society."

Dr. Samuel Johnson


"Price discovery is not a sexy function of markets, but it is critical to the efficient allocation of scarce capital and resources, and to the preservation of the long term wealth of investors and the economy as a whole.  If price discovery is compromised by manipulation, then we will all be gradually impoverished and the economy will be imbalanced and unstable."

London Banker, Lies, Damn Lies and LIBOR


"The truth is incontrovertible. Panic may resent it, ignorance may deride it, malice may distort it, but, there it is."

Winston Churchill


"Then the kings of the earth, their nobles and their commanders, the rich, the powerful, and every one of their willing slaves and free men, hid in the caves and among the rocks of the mountains. And they cried to the mountains and the rocks, 'Fall on us, and hide us from the face of the one who sits on the throne, and from the righteous anger of the Lamb.'"

Rev 6:15-16

Stocks attempted once again to shake off the fears and risks, and close out the week on their new highs.

Alas, this was not to be, and stocks retracted a bit on the recollections that the coronavirus does exist, and that it is spreading and making people sick.

Gold and the Dollar closed up a bit, as did the VIX.  Silver gave up a bit.

Have a pleasant weekend.











06 February 2020

Stocks and Precious Metals Charts - Empire Without Limit - Non-Farm Payrolls Tommorw


"Is this a sign that the Germans are brutalized in their simplest human feelings, that no chord within them cries out at the sight of such deeds, that they have sunk into a fatal consciencelessness from which they may never, never awake?"

Sophie Scholl, The White Rose, Second Leaflet, Munich 1942


"Many will become addicted to hateful and malicious thoughts and hateful words. Slaves to their desires, they will be ferocious, angry despisers of what is good and right. With brutal treachery, they will act without restraint, bigoted and blinded by clouds of conceit.

They will demand and find their delight in the pleasures of this world, and ignore their need to serve God. They may act religious, but they want to serve themselves."

2 Timothy 3:1-5


"If you have not chosen the kingdom of God first, it will in the end make no difference what you have chosen instead.”

William Law


"When humanity, subjugated by the terror of crime, has been driven mad by fear and horror, and when chaos has become the supreme law, then the time for the empire of lawlessness will have come."

Friedrich Rudolf Klein-Rogge, Das Testament des Dr. Mabuse


"And yet Virgil could also present the Roman Empire as a gift from the gods themselves.  At the very beginning, Jupiter, the king of the gods, prophesies Rome's future power. 'I have given,'  he says, 'I have given the Romans imperium sine fine. I have given them empire without limit.'  It hadn't really started that way."

Mary Beard, History of Rome

Stocks were once again reaching for new highs today, shaking off concerns about pandemics, wildfires, plagues of locusts, and all those other acts of God to which our new era of endless prosperity is now apparently impervious.

The dollar finished a bit higher, as did gold and silver.

We watched the movie Joker last night.   It is a very dark psychological study of a disordered mind spiraling out of control, and a very cleverly woven origin story for the Batman series.   It is bleak, and there is virtually no comic relief.

It is also a dark social commentary on the course of public events in our age of arrogant inequality.  In that sense it can be thought of as a 'message movie.'

Joaquin Phoenix is a powerfully effective actor.  I am informed that the movie has received a number of Academy award nominations, and is wildly profitable.

There will be a Non-Farm Payrolls report tomorrow.  Optimism is running high because of the low unemployment report and strong ADP Payrolls Report.

This Fed-fueled bubble is going to end badly.

Our audacious oligarchy is in for a steep, gut-wrenching fall.  If only there were not so many innocents involved as collateral damage for their greed and madness.

No matter how things may become, no matter how lawless and hysterical it may seem to be, try to remember who you are, and whom you serve.

Have a pleasant evening.