21 July 2025

Stocks and Precious Metals Charts - The Children of Ayn Rand

 

"In her journal circa 1928 Rand quoted the statement, 'What is good for me is right,' a credo attributed to a prominent figure of the day, William Edward Hickman. Her response was enthusiastic. "The best and strongest expression of a real man's psychology I have heard," she exulted. (Quoted in Ryan, citing Journals of Ayn Rand, pp. 21-22.)

At the time, she was planning a novel that was to be titled The Little Street, the projected hero of which was named Danny Renahan. According to Rand scholar Chris Matthew Sciabarra, she deliberately modeled Renahan - intended to be her first sketch of her ideal man - after this same William Edward Hickman. Renahan, she enthuses in another journal entry, "is born with a wonderful, free, light consciousness -- [resulting from] the absolute lack of social instinct or herd feeling. He does not understand, because he has no organ for understanding, the necessity, meaning, or importance of other people ... Other people do not exist for him and he does not understand why they should." (Journals, pp. 27, 21-22; emphasis hers.)

"A wonderful, free, light consciousness" born of the utter absence of any understanding of "the necessity, meaning, or importance of other people." Obviously, Ayn Rand was most favorably impressed with Mr. Hickman. He was, at least at that stage of Rand's life, her kind of man.

So the question is, who exactly was he?

William Edward Hickman was one of the most famous men in America in 1928. But he came by his fame in a way that perhaps should have given pause to Ayn Rand before she decided that he was a "real man" worthy of enshrinement in her pantheon of fictional heroes.

You see, Hickman was a forger, an armed robber, a child kidnapper, and a multiple murderer.

In December of 1927, Hickman, nineteen years old, showed up at a Los Angeles public school and managed to get custody of a twelve-year-old girl, Marian (sometimes Marion) Parker. He was able to convince Marian's teacher that the girl's father, a well-known banker, had been seriously injured in a car accident and that the girl had to go to the hospital immediately. The story was a lie. Hickman disappeared with Marian, and over the next few days Mr. and Mrs. Parker received a series of ransom notes. The notes were cruel and taunting and were sometimes signed "Death" or "Fate." The sum of $1,500 was demanded for the child's safe release. (Hickman needed this sum, he later claimed, because he wanted to go to Bible college!) The father raised the payment in gold certificates and delivered it to Hickman. As told by the article "Fate, Death and the Fox" in crimelibrary.com,
"At the rendezvous, Mr. Parker handed over the money to a young man who was waiting for him in a parked car. When Mr. Parker paid the ransom, he could see his daughter, Marion, sitting in the passenger seat next to the suspect. As soon as the money was exchanged, the suspect drove off with the victim still in the car. At the end of the street, Marion's corpse was dumped onto the pavement. She was dead. Her legs had been chopped off and her eyes had been wired open to appear as if she was still alive. Her internal organs had been cut out and pieces of her body were later found strewn all over the Los Angeles area."
Quite a hero, eh? One might question whether Hickman had "a wonderful, free, light consciousness," but surely he did have "no organ for understanding ... the necessity, meaning, or importance of other people." In her notes, Rand complains that poor Hickman has become the target of irrational and ugly mob psychology:
"The first thing that impresses me about the case is the ferocious rage of a whole society against one man. No matter what the man did, there is always something loathsome in the 'virtuous' indignation and mass-hatred of the 'majority.'... It is repulsive to see all these beings with worse sins and crimes in their own lives, virtuously condemning a criminal...

"This is not just the case of a terrible crime. It is not the crime alone that has raised the fury of public hatred. It is the case of a daring challenge to society. It is the fact that a crime has been committed by one man, alone; that this man knew it was against all laws of humanity and intended that way; that he does not want to recognize it as a crime and that he feels superior to all. It is the amazing picture of a man with no regard whatever for all that society holds sacred, and with a consciousness all his own. A man who really stands alone, in action and in soul."

Rand's statement here reminds me very much of an attitude often found in career criminals -- that honest work is for suckers."

Michael Prescott, Romancing the Stone-Cold Killer: Ayn Rand and William Hickman, April 19, 2011

"To be a follower of both Rand and Christ is not possible. The original Objectivist was a type of self-professed anti-Christ who hated Christianity and the self-sacrificial love of its founder. She recognized that those Christians who claimed to share her views didn’t seem to understand what she was saying.

Few conservatives will fall completely under Rand’s diabolic sway. But we are sustaining a climate in which not a few gullible souls believe she is worth taking seriously. Are we willing to be held responsible for pushing them to adopt an anti-Christian worldview? If so, perhaps instead of recommending Atlas Shrugged, we should simply hand out copies of The Satanic Bible."

Alan Bean, Ayn Rand: the Mother of American Satanism, August 27, 2012

"At this point in my life, I did not think it was possible to significantly lower my estimate of Ayn Rand, or to regard her as even more of a psychological and moral mess than I had already taken her to be. I stand corrected.

Young men and women sometimes read stories about pirates, gangsters, and cowboys, who are 'rugged individualists' with an uncompromising, amoral response to anyone or anything that gets in the way of their fulfilling their needs.

And typically they start to graduate to less one dimensional heroes and role models, people who temper their strengths with restraint and compassion, who build as well as take. The archetype of this is Robin Hood. And finally one hopes, they mature into whole people who have a moral dimension that informs their baser instincts, and they obtain the ability to create, whether it be a home, or a business, or a family.

But some people never really grow up. Something in their psyche is broken, has gone astray, beyond the range of reason. They have a fatal attraction to lawlessness and callousness in the most classic imitation of the immature desire to shock, in their restless search for relief from their hollowness, to finally feel something. And on occasion even these can become powerful figures, despite their otherwise banal and stunted personalities, and beyond a small circle of cultish adherents, become fashionable.

And then the madness is unleashed, and in extreme instances an entire generation can go astray, exulting in their willful disregard for restraint, despising the ordinary and the conventional, dressing in costumes, and imagining themselves to be gods on earth, even as they plunge into the abyss."

Jesse, Ayn Rand: A Fitting Muse for the Tyranny of the Self, 20 September 2011 


Granted, she was largely the ideological cats paw of con men.  But I always thought it was ironic that Ayn Rand had become the intellectual icon of the conservative/libertarian movement, and had taken in so many gullible followers with her baby talk.   

And here we are, years later, being blithely led into the abyss by some of the most self-obsessed, lawless babies of all time. 

Believe what you want. Serve whom you will. Those are the rules by which we play.

I just think its important to realize what team you are playing for.  

You know, for when they hand out the awards at the end of the game. 

I am sure there will be plenty of 'precious moments' to be enjoyed, by some.

"So let me get this straight.  You encouraged murder and unimaginable cruelty because you thought it would compel my only Son to return to earth and take you straight to heaven, while leaving all the rest of his flock, whom he has called by name and who do my Will, to a hell on earth?"

At this point Asmodeus and Baal are laughing so hard that tears of lava are flowing from their eyes.

Stocks did a pop and flop.  

I wouldn't get in front of this, but if I have ever seen a construction of madness and vanity the equity market at these valuations is it. 

But you cannot help exceptional people who have foolishly decided they are very clever.   A good man named Bonhoeffer came to that conclusion about his German acquaintances. 

Gold and silver rocketed higher.

Let's see, there was an stock option expiration on Friday.  And here we are now.

What an amazing coincidence.  Some old geezer might even be making money on this.

The Dollar took a dive.

Even King Kong fell from his tower.

It's going to be raining the exceptional. 

And so we beat on, boats against the tide.

Have a pleasant evening.  


18 July 2025

Stocks and Precious Metals Charts - When Crimes Become Commonplace

 

“I know your works; I know that you are neither cold nor hot. But because you are lukewarm, neither hot nor cold, I will spit you out of my mouth.  For you say, ‘I am rich and affluent and have no need of anything,’ and yet do not realize that you are wretched, poor, pitiable, naked, and blind."

Revelation 3:15-17

"The _______ people slumber on in their dull, stupid sleep and encourage these fascist criminals; they give them the opportunity to carry on their depredations; and of course they do so.  Is this a sign that the _______ 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 will never, never awake?

It seems to be so, and will certainly be so, if the _______ does not at last start up out of his stupor, if he does not protest wherever and whenever he can against this clique of criminals, if he shows no sympathy for these hundreds of thousands of victims. He must evidence not only sympathy; no, much more: a sense of complicity in guilt. For through his apathetic behavior he gives these evil men the opportunity to act as they do; he tolerates this government which has taken upon itself such an infinitely great burden of guilt."

The White Rose, Second Leaflet, March 1942


There are a number of different governments that one can insert into the blanks above, with surprisingly little difficulty.   

Although one comes instantly to mind, there are a number of very good candidates for a collusion in this fellowship of darkness.

These war crimes, these crimes against humanity, are the shame of our time.  

Moral outrage is used as a weapon, to excuse greater and greater atrocities and offenses that raise a desolation of hypocrisy.

How long can we expect no reckoning, no judgement of God, no rising outrage from the rest of the world. 

We have truly lost ourselves. 

Today was a very boring day in the markets.

The Dollar drifted a little lower, gold and silver a little higher.

VIX is complacent.

Stocks are overvalued and mispriced for risk.

The problem is not that some people wish to give themselves over to lawlessness.

It is the larger number of people who enable them, for mostly selfish reasons. 

It is going to take something significant to waken this cult of complacency.

A common story from history.   

But we never see it coming in our own case.

It doesn't happen to people like us. 

Have a pleasant weekend. 

 

17 July 2025

Stocks and Precious Metals Charts - The Worldly Rule By Force and Fear

 

“Come to me, all you who are weary and burdened, and I will give you rest. Take my yoke upon you and learn from me, for I am gentle and humble in heart, and you will find rest for your souls. For my yoke is easy and my burden is light.”

Matthew 11:28-30

"God has created me to do Him some definite service; He has committed some work to me which He has not committed to another.  I have my mission—I never may know it in this life, but I shall be told it in the next.  I am a link in a chain, a bond of connexion between persons. He has not created me for naught.  I shall do good, I shall do His work; I shall be an angel of peace, a preacher of truth in my own place, while not intending it, if I do but keep His commandments and serve Him in my calling.

Therefore I will trust Him.  Whatever, wherever 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.  My sickness, or perplexity, or sorrow may be necessary causes of some great end, which is quite beyond us.  He does nothing in vain; He may prolong my life, He may shorten it; 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 the future from me—still He knows what He is about."

John Henry Newman, Meditations, March 1848

"Be wary of those who cause divisions and undermine the faithful, in opposition to the teaching that you have learned.  Shun them.  For such people do not serve our Lord, but their own appetites and desires.  And by clever words and flattery they deceive the hearts of many of the innocent and easily led."

Romans 16:17-18

"In the Incarnation the whole human race recovers the dignity of the image of God.  Thereafter, any attack, even on the least of men, is an attack on Christ, who took on the form of man, and in his own Person restored the image of God in all.  Through our relationship with the Incarnation, we recover our true humanity, and at the same time are delivered from that perverse individualism which is the consequence of sin, and recover our solidarity with all mankind."

Dietrich Bonhoeffer, Letters and Papers From Prison

 

Stocks managed to extend their rally.   Netflix beat earnings and raised forecast after the bell.

VIX drifted lower.

Gold and silver struggled to hold their ground.

The Dollar chopped sideways on the 98 handle.

Stock option expiration tomorrow.

Force and fear are the weapons of the oligarchs. 

The unsustainable will not be sustained, both in markets and in the lives of the mighty.

Where are the snows of yesteryear?  

Have a pleasant evening. 

16 July 2025

Stocks and Precious Metals Charts - And the Darkness Has Not Overcome It

 

"And the judgement is this, that God’s light has come into the world, but people love the darkness more than the light because their actions serve evil.  For those who do evil hate the light and refuse to come into it for fear that their lawlessness will be revealed.  But those who live in the truth come into the light, so that it can be seen that they are doing God's will."

John 3:19-21

"There was the persecution of men who dared think differently, who heard strange voices or read strange manuscripts.  There was enslavement of men whose tribes came not from Rome, disdain for those who did not have the familiar visage.  And most of all, there was everywhere a contempt for human life.  What, to the strong, was one man more or less in a crowded world?

Then, of a sudden, there was a light in the world, and a man from Galilee saying, 'Render unto Caesar the things which are Caesar's and unto God the things that are God's.'  And the voice from Galilee, which would defy Caesar, offered a new Kingdom in which each man could walk upright and bow to none but his God.  'Inasmuch as ye have done it unto one of the least of these my brethren, ye have done it unto me.'  And he sent this gospel of the Kingdom of Man into the uttermost ends of the earth.  So the light came into the world and the men who lived in darkness were afraid, and they tried to lower a curtain so that man would still believe salvation lay with the leaders."

Vermont C. Royster, In Hoc Anno Domini, December 24, 1949

“These people honor me with their lips, and offer worship with their words, but their hearts are far from me.  Their religion is nothing but the rituals and traditions of men, which they memorize.  I will awaken them with one shocking blow after another.  Their wisdom will be shown as foolish, and all their cleverness will be made worthless.  Woe to those who go to great depths to hide their plans from the Lord, who do their work in darkness and think, 'No one can see us, so who will know?’"

Isaiah 29:13-15

"In a society that worships the self, power is the coin of the realm, where power is to be found in asserting one's own will over others.  And beyond all doubt, kindness and tolerance are to be despised as undermining, weakening the will to power.  In power is to be found the definition of all truth, for it dictates all, and does not bend a knee to any other reality but its own interpretation. In rationalizing ourselves by dehumanizing others, we can therein comfortably become monsters. And some do."

Jesse, 9 January 2015

“I bear with my loneliness now, in order to avoid greater loneliness in the years ahead.  You see, loneliness is the price we have to pay for being born in this modern age, so full of freedom, independence, and our own egotistical selves.”

Natsume Sōseki, Kokoro, 1914

"What came to be through him was life, and this life was the light of the human race. The light shines in the darkness, and the darkness has not overcome it."

John 1:4-5

The markets had a little thrill ride today, as word of Trump's desire to fire and replace Fed Chair Jerome Powell roiled markets, sending stocks and the Dollar plunging, and gold and silver soaring.

But, as usual, Donnie quickly distanced himself from what he has been clearly engaged with, and things settled back down again.

The whole purpose of this exercise is to replace the mildly independent Powell with a chairman willing to be a one percent interest sycophant.

And, Trump added, he no longer desires to have the support from 'weaklings' who wish to have him fulfill the promise of revealing the material being withheld about l'affaire Epstein.

This is the kind of silliness, in addition to three card monte scams and pyramid schemees that occupy our best and brightest.

And why we, unlike the rising titans of Asia, are not allowed to have nice things.  Like infrastructure.

Option expiration on Friday.

People are starting to wake up.  But those who believe will cling even more tightly to what they cherish and have pledged their souls to serve in this world.  

This is Bonhoeffer's principle of foolishness.  And a biblical story, older than Babylon and marinated in madness.

A faithful light shines in the darkness.  And the darkness has not overcome it. 

Have a pleasant evening.