With a Little Help From My Friends

John Robert 'Joe' Cocker, 20 May 1944 – 22 December 2014

Out of the images and the shadows, into the light.

 

Moyers: The New Robber Barons

"I can hire one half of the working class to kill the other half.”

Jay Gould, aka the Mephistopheles of Wall Street.

Dietrich Bonhoeffer: Von Guten Mächten - By Gracious Powers

Von Guten Mächten, By Gracious Powers, is a prayer written by Dietrich Bonhoeffer in December 1944, shortly before his execution by the SS on 9 April 1945.

 

His powerful words of faith were put to music, and became a hymn that is still sung in Germany today.

 

As for his executioners and their legacy, ubi sunt, where are they now?

By gracious powers so wonderfully sheltered,

and confidently waiting come what may,

we know that God is with us night and morning,

and never fails to greet us each new day.

And when this cup you give is filled to brimming

with bitter suffering, hard to understand,

we take it thankfully and without trembling

out of so good and so beloved a hand.

Yet when again in this same world you give us

the joy we had, the brightness of your sun,

we shall remember all the days we lived through

and our whole life shall then be yours alone.

Gold Daily and Silver Weekly Charts

Gold and silver marked time today.

Next week will be short and quiet, unless *something happens.*

 

The economic calendar has a few things on it.  It is included below.

 

Russia added 600,000 ounces of bullion to its gold reserves in November.

 

The major preoccupation of the mainstream media this holiday season is the ability of Americans to watch an asinine movie, in incredibly poor taste, about the government sanctioned murder of the actual head of state of another sovereign nation, just for laughs.   

 

Well, it provides a distraction from reality.   And besides, we called no hackbacks.

 

Have a pleasant weekend.

 

 

SP 500 and NDX Futures Daily Charts - Ho Ho Ho

As expected.

Have a pleasant weekend.

 

 

Reprise: Kyle Bass On Holding Gold In a Bullion Bank Comex Warehouse

'It's actually an easy decision if you are a fiduciary.'

Especially if you take the duties of a fiduciary for other people's assets seriously.

What about the fiduciary responsibilities of central banks?  Hard to say, right?

We'll get right on that-- in about seven years.  Jawohl!   And no need for an audit.  We believe.

And as for private citizens, when and if the time comes when there is a 'run on the bullion banks', I would not be surprised to see forced cash settlements, and 'bail ins' with even allocated receipts being taken.

Does this seem unlikely, improbable?

MF Global.