Stocks and Precious Metals Charts - Latest Version of the Trickle Down Theory - The Elite's Treat

“Trickle-down theory - the less than elegant metaphor that if one feeds the horse enough oats, some will pass through to the road for the sparrows.”

John Kenneth Galbraith


"The money was all appropriated for the top in the hopes that it would trickle down to the needy."

Will Rogers, Nov 26, 1932


"These violent delights have violent ends
And in their triumph die, like fire and powder."

William Shakespeare, Romeo and Juliet

There really is nothing new in the world of finance and economics, is there.

Just the same old same old, simple scams and canards, but with even more elegant phrasing and theories layered on like a sweet icing of modernity.

Have a pleasant evening.

Stocks and Precious Metals Charts - The Irresponsibles - A Gathering of Jackals at Jackson Hole

Jackalope Jay and the Mavens of Moral Hazard

"The Federal Reserve looks likely to keep short-term interest rates near zero for five years or possibly more after it adopts a new strategy for carrying out monetary policy.

Rich Miller, The Fed Seen Holding Rates at Zero for Five Years, Bloomberg


“It is difficult to get a man to understand something, when his salary depends on his not understanding it.”

Upton Sinclair


"A hypocrite despises those whom he deceives, but has no respect for himself. He would make a dupe of himself too, if he could."

William Hazlitt


"He who does not bellow the truth when he knows the truth makes himself the accomplice of liars and forgers."

Charles Peguy

Stocks ran to a new high on the Fed's pledge to create easy money for years to come.

Gold and silver also rallied.

The Dollar moved lower.

We are abandoning any pretense to Constitutional principles and the rule of law at an alarming rate, and with a remarkable abandon, from the top down.

Have a pleasant evening.

Stocks and Precious Metals Charts - The Quiet Before the Storms

“The real conflict is the inner conflict.  Beyond armies of occupation and the catacombs of extermination camps, there are two irreconcilable enemies in the depth of every soul: good and evil, sin and love.  And of what use are the victories on the battlefield if we ourselves are defeated in our innermost souls.”

Maximilian Kolbe


"I urge you, brothers and sisters, to be wary of those who cause divisions and undermine the faithful, in opposition to the teaching that you have learned.  Avoid them.  For such people do not serve our Lord, but their own appetites.  And by clever words and flattery they deceive the hearts of the innocent and naive."

Romans 16:17-18


“Just as it was in the days of Noah, so will it be in the days of the Son of Man. People were eating, drinking, marrying and being given away in marriage, up to the very day Noah entered the ark. Then the flood came, and swept them all away.”

Luke 17:26-27


"Do you think he is so unskillful in his craft, as to ask you openly and plainly to join him in his warfare against the truth?  No; he offers you baits to tempt you.   He prompts you what to say, and then listens to you, and praises you, and encourages you.  He bids you mount aloft.  He shows you how to become as gods.  Then he laughs and jokes with you, and gets intimate with you; he takes your hand, and gets his fingers between yours, and grasps them, and then you are his."

John Henry Newman, Time of Antichrist

Stocks moved higher today on hopes of an improvement in US-China relations.

In reality this is just the momentum of a bubble mentality, fueled by the Banks and the corporations, their Federal Reserve, and an unbelievably corrupt Administration.

The Dollar moved lower. Gold and silver finished almost unchanged.

There are those who would mislead and use you; do not listen to them.

Get right and sit tight.

Have a pleasant evening.

Stocks and Precious Metals Charts - Risk On - Stocks Pumped for the Trump GOP Convention Extravaganza

"The suspicions that the system is rigged in favor of the largest banks and their elites, so they play by their own set of rules to the disfavor of the taxpayers who funded their bailout, are true. It really happened. These suspicions are valid.”

Neil Barofsky, TARP Inspector General


"Narcissists are unstable and go through repeated cycles of self-destruction, with other people usually paying the heft of the price. They are aware of what they are doing to others — but they do not care. Narcissists tend to be divisive, vindictive, confrontational, aggressive, hate-filled, raging, incoherent, judgment-impaired, and irrational."

Sam Vaknin, Malignant Self-Love


“There are two ways to be fooled. One is to believe what isn't true; the other is to refuse to believe what is true.”

Søren Kierkegaard


“Many politicians are tantalizing storytellers, as they mix facts with fiction, grab our emotion and tell things they want us to believe. Their factoids are unremittingly reiterated, take a life on their own, and in the end become the very truth— until the bubble bursts."

Erik Pevernagie


"Bully-worship, under various disguises, has become a universal religion."

George Orwell

This is going to end badly.

Have a pleasant evening.