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.

Gold Daily and Silver Weekly Charts - Dona Nobis Pacem

"Any investor or analyst of any world commodity must be able to account for and rationalize a 9% price move in less than two trading days; otherwise he or she couldn’t possibly understand the dynamics of that commodity. Yet I received virtually no requests to explain the price drop.

The facts are clear – the price of silver did decline by nearly 9% and there were no actual supply/demand developments to explain the decline. Therefore, something else had to account for the sudden silver price decline and judging by the lack of readers questioning why, the actual cause of the decline must have been fairly widely known.

Of course, the only possible explanation for what would normally be a massive price drop in any world commodity is trading activity on the COMEX. While this is nothing new to subscribers, my sense is that COMEX price rigging has reached such an incredibly dominant influence over the price of silver (and other commodities, like gold and copper) that it is more widely understood than ever before.

I believe it has gotten to the point where it is impossible to even attempt to offer an alternative plausible explanation for large price moves in silver and other metals apart from COMEX trading without looking like a fool. I also believe that the growing and widespread recognition that prices are set on the COMEX greatly undermines the life expectancy of continued future price manipulation."

Ted Butler, Butler Research

And in this analysis of the market, Ted is absolutely right, giving a nod to some cross currency actions.

 

The Anglo-American banking cartel is effectively setting the key prices for the world, in a sometimes arbitrary, almost capricious manner, according the intent of its policies and the private profits of its Banks. 

 

And woe to the country that fails to use the United States Dollar for whatever they may choose to buy or sell under the two great empires, of the sea and of the earth.   For those with eyes and ears open, let them see and hear.

 

But empires rise, and rage for their time upon the stage, and fall. 

 

The glory that was Greece, and the grandeur that was Rome.

"And for all this, nature is never spent;

There lives the dearest freshness deep down things;

And though the last lights off the black West went

Oh, morning, at the brown brink eastward, springs —

Because the Holy Ghost over the bent

World broods with warm breast and with ah! bright wings."

Gerard Manley Hopkins

Ubi sunt?   Where are they now?

 

Have a pleasant evening.